bookmark_borderAnalysis: China’s self-inflicted slowdown tests Beijing’s reform resolve


BEIJING, Oct 19 Reuters) – As China raced forward of main rival economies from the COVID-19 induced stoop final 12 months, Beijing noticed an opportunity to push via powerful measures concentrating on debt-ridden builders in addition to industrial polluters and …

bookmark_borderKey Evergrande deal to sell stake in unit put on hold – sources


HONG KONG, Oct 19 Reuters) – China Evergrande Group’s 3333.HK) deal to sell a 51% stake in its property providers unit has been put on hold, two folks with information of the matter mentioned, in a blow to the embattled …

bookmark_borderUniCredit sounding out market over leasing unit -sources


MILAN, Oct 19 Reuters) – Italy’s No. 2 financial institution UniCredit has invited expressions of curiosity from traders for its leasing enterprise to gauge market urge for food for the unit because it weighs a possible sale, two folks near …

bookmark_borderBlack Americans, women make big strides on top U.S. corporate boards -report


Oct 19 Reuters) – Black folks made record-breaking positive factors over the past yr in securing seats on boards of S&P 500 firms, whereas women got here near accounting for a 3rd of corporate administrators, based on a report from …

bookmark_borderIMF cuts Asia’s growth forecast, warns of supply chain risks

Summary

IMF cuts 2021 Asia growth to +6.5%, revises up 2022 f’solid
China to develop 8.0% this yr however restoration ‘unbalanced’
Divergence between superior, rising economies deepening
Inflation expectations typically well-anchored in Asia

Oct 19 Reuters) – The International Monetary …

bookmark_borderChina property shares firm after PBOC says Evergrande woes manageable


HONG KONG, Oct 18 Reuters) – Shares of Chinese property builders climbed on Monday after China’s central financial institution calmed markets by saying spillover results from Evergrande’s debt woes have been controllable and the nation’s financial system is “doing well”.…

bookmark_borderChina’s new construction starts plunge as chill spreads across sector


BEIJING, Oct 18 Reuters) – China’s September new construction starts slumped for a sixth straight month, the longest spate of month-to-month declines since 2015, as cash-strapped builders reined in funding and put a pause on tasks following tighter rules on …

bookmark_borderMalaysia’s AirAsia X proposes paying 0.5% of $8.1 bln debt owed to creditors – document


KUALA LUMPUR, Oct 18 Reuters) – AirAsia X Bhd AAX) AIRX.KL) is proposing to pay simply 0.5% of debt owed to every of its creditors and to terminate all current contracts in order that it could restructure 33.65 billion ringgit …

bookmark_borderChinese and HK shares fall as China Q3 GDP misses estimates

Summary

China Q3 GDP grows 4.9%, beneath expectations
MSCI Asia ex-Japan off 0.2%, Nikkei loses 0.3%
Oil assessments new multi-year highs on power crunch
Bitcoin hovers not far off all-time excessive

HONG KONG, Oct 18 Reuters) – Mainland Chinese and …

bookmark_borderHong Kong Exchange Fund posts Q3 investment loss of $1.70 bln -HKMA


HONG KONG, Oct 18 Reuters) – Hong Kong’s Exchange Fund, which is used to again the Hong Kong greenback, posted an investment loss of HK$13.2 billion $1.70 billion) within the third quarter, the primary loss after 5 consecutive quarters of …