Resources Per Country
- Cook Islands
- Hong Kong
- New Zealand
- North Korea
- Papua New Guinea
- South Korea
- Sri Lanka
China issued sweeping directives to rescue its property sector, adding to a major recalibration of its pandemic response in the strongest signs yet that President Xi Jinping is turning his attention toward shoring up the world’s second-largest economy, Bloomberg News reported. Financial regulators issued a 16-point plan to boost the real estate market on Friday, with measures that range from addressing developers’ liquidity crisis to loosening down-payment requirements for homebuyers, according to people familiar with the matter.
The Securities and Exchange Commission of Cyprus, or CySEC, reportedly issued a statement amid FTX filing for chapter 11 bankruptcy in the U.S., requesting the exchange halt operations for its Europe arm, CoinTelegraph reported. According to a Nov. 11 Reuters report, the CySEC said it had asked FTX Europe to “suspend its operations and to proceed immediately with a number of actions for the protection of the investors” on Nov. 9.
Roger Ng, the former Goldman Sachs banker convicted for helping loot Malaysia's 1MDB sovereign wealth fund, on Friday sued the government's star witness Tim Leissner for more than $130 million, alleging fraud, Reuters reported. In a complaint filed in a New York state court in Manhattan, Ng accused his former boss of repeatedly lying in order to steal his investments in energy drink maker Celsius Holdings and artificial intelligence company Sentient Technologies.
Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank would stick to monetary easing to support the economy for the present and in order to achieve sustainable and stable inflation accompanied by wage growth in the future, Reuters reported. "We are at a stage where we will continue monetary easing to firmly back economic activity at present," Kuroda told a meeting with business leaders in Nagoya in central Japan.
Thai Airways International PCL said it expects to name a new permanent CEO as early as January 2023 as it proceeds with a pandemic-driven restructuring plan, the airline's acting chief executive said on Friday, Reuters reported. The new chief executive will take over as the airline undergoes a bankruptcy protected debt restructuring and has shed around half of its workforce and aircraft fleet. "There were nearly 50 applicants," acting CEO Suvadhana Sibunruang told Reuters on the sidelines of an industry gathering in Bangkok, saying a decision would be made early next year.
For two hours in a parliamentary committee room, the Reserve Bank on Thursday came face to face with the reality created by the economic and political turmoil of the past two years, the Sydney Morning Herald reported. The RBA is central to the economic turmoil – soaring prices, interest rates climbing at their fastest rate in a generation, falling house values – that is vexing central banks around the world. But the political turmoil, driven in part by the nation’s economic backdrop, is a little alien to the monetary policy mandarins of Martin Place.
Companies led by Asia's richest man, Gautam Adani, and billionaire Mukesh Ambani, the owner of Reliance Industries have entered the fray to acquire India's debt-laden Future Retail Ltd., Reuters reported. April Moon Retail Private Ltd, a joint venture between Adani Airport holdings and Flemingo group, Reliance Retail ventures as well as 13 other firms have submitted expressions of interest (EOIs) for Future Retail. Future Retail's court-appointed resolution professional (RP), Reliance Industries and Adani group did not immediately respond to emails seeking comment.
Vodafone Idea (Vi), the third-largest telecom company in India, is in a tough spot financially: The company is trying to pay off the financial institutions first before doing anything else, as it is trying to avoid bankruptcy, TelecomTalk reported. The telco had recently paid Rs 2700 crore to the State Bank of India (SBI) before even the due date of the said payment. Because of the financial woes, Vi might find it difficult to expand network services, introduce new products in the market and also at the same time be able to pay back the financial creditors.