Chinese steel trading website ZG Group has agreed a deal to go public in Hong Kong via a merger with a blank-check company backed by China Merchants Bank Co.’s overseas asset management arm.
Japan’s Defense Ministry is seeking a record budget for the next fiscal year as the pacifist country is set to have some of the highest military spending in the world, with questions remaining as to how the government will finance the surge.
Actively managed exchange-trade funds are set to launch in Tokyo next week, with one asset manager focusing its strategy on corporate Japan’s effort to elevate shareholder returns.
The Hong Kong government blasted the vandalism of its trade office in London as a “nefarious” act by foreign forces, an act of rebellion that came as UK and Chinese officials prepared for talks to mend ties.
Yield premiums on high-grade Asian dollar bonds were on course for the sharpest monthly jump since March as concerns about China’s ailing economy and property woes weighed on demand.
Country Garden Holdings Co. warned that it may default on its debt and raised concerns about staying in business after the embattled Chinese developer posted a record first-half loss of almost $7 billion.
The 2% inflation target that guides monetary policy in Japan is too rigid, said Mana Nakazora, a private-sector member of the influential Council on Economic and Fiscal Policy.
Mexico’s opposition coalition is set to choose Xochitl Galvez as its presidential candidate to the 2024 election, pitting the strong-willed senator against a yet-to-be-named representative from the powerful ruling party of Andres Manuel Lopez Obrador.
Investigators have named more than 1,800 suspects and raided over a dozen international banks in a probe that could drag on for years
UK officials should consider lifting the Bank of England’s inflation target from 2% once rampant price growth is brought under control, according to one of Chancellor Jeremy Hunt’s advisers.
