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China property stocks, bonds rally post report of $85 bn support from banks

CIFI Holdings Group Co., KWG Group Holdings Ltd. and Agile Group Holdings Ltd. were the top gainers in Hong Kong, up more than 10% each.

Amazon boasts of 25% increase in British marketplace sellers in 2021

The number of small and medium-sized British businesses selling over Amazon.com Inc.'s marketplace soared by more than 25% in 2021, faster than in Germany, France or Italy.

Here's why factories making towels and bedsheets are shutting in Pakistan

As many as 100 smaller mills have suspended operations due to a shortage of good quality cotton, high fuel costs, and poor recovery of payments from buyers in flood-hit areas

Tesla deliveries miss estimates in Q3, slowed by supply-chain snarls

It delivered a record 343,830 cars worldwide in the third quarter. Analysts had expected that nearly 358,000 vehicles would be shipped

$1.2-trn 'PM Gati Shakti' plan can snatch away factories from China

Under a $1.2 trillion mega project called PM Gati Shakti -- Hindi for strength of speed -- Modi's administration is creating a digital platform that combines 16 ministries

US plans $1.5 billion-a-month aid to crisis-hit Ukraine, says report

EU leaders are expected to discuss Kyiv's financial requirements, which the draft budget for 2023 has placed at $38 billion, at a summit in the Czech Republic this week

Mishandled tax-cut announcement, acknowledges British PM Liz Truss

Traders drove to the pound to a record low in the aftermath of Kwarteng's fiscal statement, govt borrowing costs soared and the Bank of England to intervene to prevent a meltdown in the gilt market

Credit Suisse CEO seeks to calm as default swaps near 2009 level

The five-year credit default swaps price of about 250 basis points is up from about 55 basis points at the start of the year and is near their highest on record

Bitcoiners hunker down for 'storms ahead' as retail investors stay away

Even with the narrative going around that crypto hung tough in the July-September stretch, the mood has remained sour

Global stocks pin hopes of year-end rally on earnings' resilience

The 7% drop came as investors grappled with persistently high inflation, a surging dollar and jumbo interest-rate hikes across the world that threaten to choke economic growth

China's $5 trillion rout creates historic gap with Indian stocks

The MSCI India Index rallied almost 10% in the just-ended quarter, compared with a 23% slump for the MSCI China Index

Altaf Hussain: How a feared power broker controlled Karachi from London

The Victorian sandstone pile in the heart of Pakistan's commercial capital was an easy place to get media coverage, and some organization or other held a demonstration there almost every week.

Raft of new US sanctions leave Putin's oil and gas revenue unscathed

The US sanctioned hundreds of Russian officials, lawmakers, family members and businesses in what Treasury Secretary Yellen called a "sweeping action," but, the measures won't have much impact in real

China's shares plunge to lowest valuation on record in Hong Kong

All but three stocks are down this year on the 50-member gauge, with property developers and tech companies at the bottom.

Air India plans raising $1 bn; to start 20 weekly international flights

The carrier, controlled by India's oldest conglomerate Tata Group, is in discussions with potential investors including private equity funds and sovereign wealth funds, said the people

Meta to cut headcount for first time, slash budgets across teams

Meta will likely be smaller in 2023 than it was this year, he said.

China ramps up housing support; analysts say not enough for market

The new policy will apply to cities where newly constructed housing prices declined during the June-through-August period both compared with the previous three months and with the same period of 2021

China's economy continues to struggle on Covid curbs, property woes

China's fragile economic recovery has been challenged this year by the country's adherence to Covid Zero, a policy intended to stamp out infections that has caused intermittent turmoil to supply chain

Former CEO Dorsey tried to get Musk on Twitter's board well before deal

Former Twitter Inc. Chief Executive Officer Jack Dorsey tried to get Elon Musk onto the social network's board of directors long before the current drama around whether Musk will buy the company.

Nasa to use SpaceX's Dragon to boost Hubble telescope to higher orbit

The deal signed by NASA and Space Exploration Technologies Corp. called for collaborating on a feasibility study of such a mission, though NASA has yet to commit to such a flight.