S&P

New Business

China Vanke hit with fresh S&P downgrade amid mounting default concerns

Global ratings agency S&P has downgraded China Vanke, as the troubled developer grapples with mounting debt and fragile cash flow,…

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New Business

Midea’s AC sales surge 35% in Europe amid heatwaves, offsetting slowdown in China

The blistering summer in Europe, which was marked by unbearable heatwaves, boosted air conditioner sales for Midea Group, as consumers…

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New Business

Oracle shares surge 26% on cloud growth and OpenAI energy deal

Oracle surged to a record high in extended trading after the company posted a major increase in bookings and gave…

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New Business

China’s exports, investments to Global South surge in ‘age of tariffs’: report

China is accelerating its pivot to the Global South to reduce reliance on the United States, potentially creating “a new…

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New Business

China’s long, nagging property market downturn nears stabilisation: analysts

A prolonged downturn in China’s property market is approaching a point of stabilisation, analysts said, as low rates and affordable…

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New Business

Hong Kong banks face rising risks amid prolonged property slump, Moody’s warns

Hong Kong banks were likely to be more selective in extending credit to developers amid a prolonged property slump that…

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New Business

Hong Kong developer’s default could send shock waves through property market: S&P

The default of a major Hong Kong property developer could send shock waves through the broader sector and scuttle a…

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New Business

China’s multidecade dairy boom sours as population ages, sales slump

China’s dairy industry, once a sure bet for investors amid rising incomes and living standards, is nearing the end of…

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New Business

Hong Kong’s CLP Power leaps into Australian market with US$339 million Kangaroo bond

CLP Power, Hong Kong’s biggest electricity provider, said it has launched a three-year A$500 million (US$339 million) Kangaroo bond, marking…

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