Category: Business

China’s securities regulator on Monday denied a media report that said Beijing planned to sort U.S.-listed Chinese companies based on the sensitivity of the data they hold in an attempt to stop U.S. regulators from delisting hundreds of firms. The three-tier system aims to bring Chinese companies into compliance with U.S. rules that would require […]

Singapore’s key consumer price gauge rose at its fastest pace in more than 13 years, official data showed on Monday, increasing pressure on the central bank to consider tightening monetary policy again later this year if inflation pressures persist. The data showed inflation rising across a broad set of categories including services, food, retail and […]

A look at the day ahead in markets from Sujata Rao. U.S. Treasury Secretary Janet Yellen said on Sunday a recession is not inevitable but most economic data has been pointing the other way, including last week’s dismal PMI readings in the United States and Europe. Data or policymakers — it’s clear which of them […]

China Evergrande Group, the world’s most indebted developer, is expected to announce this week a debt restructuring plan that will not only determine its future but also indicate how Beijing plans to overcome a deepening property sector crisis. With more than $300 billion in debt, Evergrande (3333.HK) has been at the centre of China’s property […]

China will launch a real estate fund to help property developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44 billion) in a bid to restore confidence in the industry, according to a state bank official with direct knowledge of the matter. The move would mark the first […]

KPMG was fined 14.4 million pounds ($17.27 million) on Monday after the accounting firm admitted to providing false and misleading information to its regulator during spot checks on audits of construction firm Carillion and outsourcing firm Regenersis. The Financial Reporting Council, the regulator involved, also ordered KPMG to appoint an independent reviewer into the firm’s […]

Italy is preparing a new stimulus decree worth up to 13 billion euros ($13.3 billion) to help families and firms deal with a surge in electricity, gas and petrol costs, deputy Economy Minister Laura Castelli said on Monday. The new scheme, which comes on top of some 33 billion euros already budgeted since January, is […]