Stuff that matters
Chinese developers in “survival mode” sharply cut property investment in July while new construction starts suffered their biggest fall in nearly a decade, suggesting the liquidity-challenged sector is not about to turn the corner anytime soon. China’s property market, accounting Read more
China’s top internet watchdog said on Friday tech giants such as Tencent Holdings and Alibaba Group have submitted details of algorithms used in some of their products, complying with a drive by authorities to tighten oversight of platform algorithms. The Read more
Agricultural seeds and chemicals maker Bayer AG (BAYGn.DE) on Monday launched a digital farming platform that it says will help U.S. growers enact environmentally friendly practices and connect them with companies seeking more sustainable food, feed and biofuel ingredients. The Read more
The rouble slid past 61 to the dollar on Monday as the conversion of depository receipts in Russian companies to local shares got underway, and as foreign investors from designated “friendly” countries were able to return to the bond market. Read more
Japanese Prime Minister Fumio Kishida on Monday instructed his ministers to draw up additional steps to cushion the economic blow from rising living costs in a package due to be compiled next month. As part of the measures, Kishida said Read more
Global ratings agency S&P Global on Monday slashed its rating on Sri Lankan bonds to ‘D’, representing default, following missed interest and principal payments. The South Asian nation, which had defaulted on a bond payment earlier this year and has Read more
Hong Kong’s audit regulator said on Monday it has initiated an enquiry into the financial statements of China Evergrande Group’s (3333.HK) property services unit and its former auditor after questions were raised following the developer’s probe into seized deposits worth Read more