HSBC said on Monday that its Asia Pacific Chief Executive Officer (CEO) Peter Wong will retire effective immediately, and is to be replaced by David Liao and Surendra Rosha who will jointly run the region.
Indebted property developer China Evergrande Group said on Monday that it was arranging payment for some of its project companies' commercial paper that had not been repaid on time. In a statement, Evergrande said the amounts involved were "very small", but that it attached great importance to ...
Japan's coincident indicator index rose in April, the government said on Thursday, even as measures to curb coronavirus infections weighed on economic activity.
Japan's government will work closely with the central bank to revitalise the economy and avoid a return to deflation, economy minister Yasutoshi Nishimura said on Monday.
REUTERS: Private equity firm Platinum Equity said on Monday it has agreed to buy waste management business Urbaser from Chinese environmental services group China Tianying Inc for an enterprise value of about US$4.2 billion. The sale is expected to be completed during the third quarter of 2021 ...
HONG KONG: A consortium led by Chinese internet major Sina Corp is in advanced talks to acquire at least 18per cent of Yoozoo Games, two people with direct knowledge of the matter told Reuters. Sina is teaming up with China's Twitter-like Weibo Corp and one Shanghai-based state investment firm...
REUTERS -Australia-listed software maker Altium Ltd on Monday rejected a buyout proposal from American peer Autodesk Inc that valued the company at AUS$5.05 billion (US$3.91 billion), saying it "significantly undervalued" its prospects. The U.S. firm, which makes architecture designing software ...
China's trade surplus with the United States stood at US$31.78 billion in May, Reuters calculations based on Chinese customs data showed on Monday, up from a US$28.11 billion surplus in April.
Rating agency Moody's Investors Service said on Monday that China's new policy allowing couples to have up to three children could support fertility, but was unlikely to dramatically change the national birthrate.
Toyota reaches settlement over bullied engineer's suicide
