Asia Economy

KKR says China’s real estate correction may only be halfway done

BEIJING — China’s real estate troubles are likely far from over and industry problems need to be addressed quickly if…

Japan bucks private equity slowdown in Asia Pacific with deal value soaring 183% last year

The total value of private equity deals in Asia Pacific last year fell to its lowest since 2014 as fundraising…

China slams the U.S. for interfering in Arunachal Pradesh border dispute with India

China slammed the United States for interfering in its border dispute with India, after Washington said it recognized the disputed…

Trump pledges to get tough with tariffs again if elected

Proclaiming that “I’m a big believer in tariffs,” former President Donald Trump on Monday indicated he’s likely to reinstitute duties…

China’s central bank governor says there’s room to cut banks’ reserve requirements

BEIJING — The heads of China’s central bank and economic planning agency signaled that authorities would be willing to take…

China’s top securities regulator vows to ‘strictly’ crack down on market manipulators

BEIJING — China’s top securities regulator vowed to “strictly” crack down on market manipulators, while stating that protecting small investors…

China opposes U.S. sanctions on Chinese companies for Russia-related reasons

China firmly opposes the United States imposing sanctions on Chinese enterprises for Russia-related reasons, the Chinese commerce ministry said on Monday. China will take necessary measures to firmly safeguard the legitimate…

Goldman Sachs and Abu Dhabi’s Mubadala ink $1 billion partnership to invest in Asia Pacific

DUBAI, United Arab Emirates — Goldman Sachs and Abu Dhabi sovereign wealth fund Mubadala on Monday signed a $1 billion…

HSBC posts record annual profit but misses estimates on China write-down, shares tumble 7%

HSBC‘s full-year 2023 pretax profit missed analysts’ estimates on Wednesday, hit by impairment costs linked to the lender’s stake in…

China’s biggest problem is a ‘lack of confidence,’ Standard Chartered CEO says

DUBAI, United Arab Emirates — China is facing a confidence deficit as its economy undergoes massive transition and concern grows…