Two More China Builders Say They Can’t Meet Debt Obligations
Two more Chinese developers have failed to meet dollar-bond payments, occurring amid renewed home-sales softness and a lack of aggressive stimulus.
Bloomberg Tech
Japan Chip Linchpin Soars on $7 Billion Government Buyout Talk
JSR Corp., the largest maker of a compound essential to all chipmaking, surged by its daily limit after a report the government-backed Japan Investment Corp. may buy out the company for roughly ¥1 trillion ($7 billion).
Investors Hold Nerve as Mutiny Rocks Russia: Markets Wrap
From oil and gold to stocks and currencies, global markets were a picture of relative calm Monday in the wake of a geopolitical shock that challenged Vladimir Putin’s rule in Russia.
JD.com Creates Groceries Arm as Rival Alibaba Weighs Spinoffs
JD.com Inc. aims to create an independent unit by merging its 7Fresh supermarket chain with other online services, establishing a retailer of fresh food and groceries that serves millions nationwide.
Sygnum Sees Strong Crypto Demand Boosting New Singapore Brokerage
Sygnum AG is seeing strong demand for crypto transactions from fund houses, family offices and institutions, which is expected to boost revenues from a new brokerage business in Singapore.
Singapore’s Factory Output Drops Most in More Than 3 Years
Singapore’s industrial output fell the most since November 2019, as the electronics segment continued to be the main drag on growth.
Tech Startup Byju’s Seeks to Calm Investors as Crisis Escalates
The billionaire founder of Byju’s, the Indian education-technology firm that lost its auditor and three board members in one week, has in recent days reached out directly to investors to assure them the startup will finally release long-delayed financials and strengthen accounting processes.
Risk Sentiment Resilient in Face of Russia Mutiny: Markets Wrap
From oil and gold to stocks and currencies, global markets were a picture of relative calm Monday in the wake of a geopolitical shock that challenged Vladimir Putin’s rule in Russia.
Chip Startup Rides AI Frenzy to Become Top-Gaining Topix Stock
Shares of a small Japanese chip design firm have quintupled since it listed in October, supercharged by expectations of a boom in silicon demand driven by artificial intelligence.
Global Investors Calm in Face of Russia Mutiny: Markets Wrap
From oil to stocks and currencies, global markets were a picture of relative calm Monday in the wake of a geopolitical shock that challenged Vladimir Putin’s rule in Russia.