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China hits 'liquidity trap' as low lending rates fail to spur bank loans

China's Central bank data showed a sharp slowdown in aggregate financing, a broad measure of credit, in July, as new loans and corporate bond issuance weakened

Former US Prez Donald Trump potentially facing Espionage Act violation case

The FBI seized classified material from Donald Trump, and court filings revealed the former president may be under investigation for mishandling government records

Masayoshi Son now down $4 bn on SoftBank side deals due to market downturn

Masayoshi Son holds 17.25% of a vehicle set up under SoftBank's Vision Fund 2 for its unlisted holdings, as well as 17.25% of a unit within its Latin America fund

Johnson & Johnson drops talcum baby-powder globally as lawsuits mount

J&J said that it had made the "commercial decision" to transition all its baby powder products to use cornstarch instead of talcum powder

Samsung's Vice Chairman Jay Y Lee pardoned by S Korea, may rejoin board

South Korean President Yoon Suk Yeol has cleared the heir to the country's biggest company of bribery charges, for which Lee spent 18 months in prison before his release on parole a year ago

China state-owned giants to delist from US exchanges amid audit spat

The US SEC on July 29 added Alibaba to a growing list of companies that could be kicked off American exchanges if the two countries fail to reach a deal.

Oil prices head for biggest weekly climb since April on supply halts

The International Energy Agency boosted its forecast for global demand growth as soaring natural gas prices and heat waves spur demand

US stock markets tumble when hit by global recession, says report

The S&P500 had dropped to 3,667 on June 17 but has jumped 15 per cent in the past two months

China realty developers plead for govt help to restore sales amid protests

Protesters have tried to disrupt home sales by chanting slogans and pulling down banners when developers open new projects, according to the letter.

As UK heads for recession, here's who could control finances in new govt

With the Bank of England predicting inflation topping 13% in the fall and a recession lasting through 2023, the next incumbent of 11 Downing Street will be under immediate pressure

China's largest chipmaker warns of rapid freeze as smartphone demand skids

China's largest chipmaker reported revenue rose 42% to $1.9 billion in the second quarter, generally in line with expectations

Donald Trump's 'planted evidence' claim unlikely to stand up in court

Donald Trump and his supporters are ratcheting up their baseless claim that Federal Bureau of Investigation agents may have "planted" evidence when they searched his Mar-a-Lago home

Can't allow China's 'new normal' over Taiwan, says Nancy Pelosi

Pelosi told a news briefing Wednesday in Washington that Chinese leaders had been "trying to push their way" toward their goals on Taiwan before she led a congressional delegation there last week

Covid-19 run: Hong Kong's population drops by record, says report

The city saw a decline of 121,500 residents in the year ended June 30, leaving the population at about 7.29 million, according to government data released Thursday

Sanofi, GSK and Haleon lead $40-billion rout on heartburn drug

Sanofi fell 13% on Thursday, taking its 2-day decline to 20%; GSK slid 6.9%

China has painted itself into a semiconductor corner behind Taiwan, S.Korea

For all intents and purposes, China has failed to achieve its semiconductor goals, and those tasked with realising them are being brought to account

China's Covid cases hit 3-month high of nearly 2,000 on beach town surge

Among the stranded foreign tourists in Sanya, a beach resort town in Hainan, there's a sense of confusion and shock as they wait on updates from hotel management

'Worst likely over' for emerging Asian currencies as US Fed hike bets ease

Currencies across the region jumped Thursday, following their developing-nation peers in the Americas and Europe, after the US data published Wednesday led to a slump in the dollar

HDFC executes unusual trade to hedge borrowings against interest rate risk

The switch in hedging tools comes as markets are buffeted by surging policy rates, with the Reserve Bank of India having hiked by 140 basis points since May to tackle inflation

Morgan Stanley bets on emerging market debt as JPM says rally unsustainable

The latest inflation data from the US spurred a risk rally as traders reduced Federal Reserve tightening wagers