Markets

Toshiba Corp's board is set to appoint UBS as financial adviser to work on a strategic review for the Japanese conglomerate facing a possible private equity bidding war, people familiar with the matter said.

The non-performing loan ratio for China's commercial banks was at 1.8per cent as of end-March, while outstanding non-performing loans totalled 2.8 trillion yuan (US$435.80 billion), the country's banking and insurance regulator said on Tuesday.

REUTERS: China Hongqiao Group will put a secondary, or recycled, aluminium production line into operation in its home province of Shandong at the end of this year, the world's top private-sector aluminium maker said in a statement on Tuesday. The joint project with Germany's Scholz Recycling ...

India's severe second wave of coronavirus infections will slow near-term economic recovery and could weigh on longer-term growth dynamics, rating agency Moody's Investors Service said in a note on Tuesday.

TOKYO: Japan's third-biggest steelmaker, Kobe Steel Ltd, aims to cut its CO2 emissions from its production process by 30per cent-40per cent by 2030 from 2013 levels in concert with a global push toward decarbonisation, it said on Tuesday. The 2030 target does not include its power generation ...

SHANGHAI: Shanghai and Korean exchanges have agreed to launch a cross-border scheme for exchange-traded funds (ETFs), and aim for closer cooperations in index development and bond markets, the Shanghai Stock Exchange (SSE) said on Tuesday. SSE general manager Cai Jianchun and Korea Exchange ...

CAIRO: The Suez Canal Authority (SCA) plans to expand and deepen the southern stretch of the waterway where a container ship became jammed and blocked traffic for six days in March, chairman Osama Rabie said in a televised address on Tuesday (May 11). Rabie presented the plan at an...

China's regulators on Tuesday held a meeting on the reform and trial work of property tax, which is widely seen as a powerful tool to curb rampant speculation in the housing market.

REUTERS: SoftBank Group Corp-backed Better said on Tuesday it will go public through a merger with a blank-check company sponsored by investment firm Novator Capital, valuing the mortgage startup at US$6.9 billion. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Arun Koyyur)

China's central bank on Tuesday said it would keep prudent monetary policy flexible, targeted and appropriate.