Developer China South City’s woes test state
A Chinese property developer that’s partially owned by a state-run firm has issued its strongest warning yet over a bond…
NEC spurns offers for stake in iPhone supplier
Japan’s NEC received multiple buyout offers from global private-equity funds for iPhone supplier Japan Aviation Electronics Industry (JAE) before agreeing…
Adani Green Energy likely to tap US dollar bond market
India’s Adani Green Energy is likely to raise US$500mil by issuing US dollar bonds in March, two officials aware of…
JGB yields track US peers up as investors weigh weak yen
Japanese government bond (JGB) yields rose yesterday, tracking their US peers at the same time that a weakened yen ramps…
First highway business trust en route for listing
Prolintas Managers Sdn Bhd, the trustee-manager of Prolintas Infra Business Trust (Prolintas Infra BT) has signed an underwriting agreement for…
Aussie office owner Dexus reports big half-year loss
Australian property firm Dexus has reported its second-steepest half-year loss since 2008 as higher rates slashed roughly A$600mil (US$387.24mil) off…
Strong OSV market augurs well for Dayang Enterprise
The combined contract value for Dayang Enterprise Holdings Bhd’s recent contact extensions for three accommodation workboats (AWBs) from PETRONAS Carigali…
Yen’s fall foils BoJ’s decision on rate hike
The yen’s rapid fall past 150 against the dollar adds a further complication for the Bank of Japan (BoJ) as…
Bitcoin weathers global market slump sparked by inflation
Bitcoin rode out a surprisingly strong US inflation print that roiled global markets by dimming hopes for rapid interest-rate reductions.