China’s Troubled $137 Billion Shadow Bank Plans Debt Restructuring, Taps KPMG
The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure
2023-08-17 11:29
Hawaiian Utility Sued by Homeowner Over Lahaina Fire
The Hawaiian power company in the crosshairs after wildfires ripped through parts of Maui faces a new lawsuit
2023-08-17 11:19
China’s Jewelry Purchases Could Be a Weak Spot for Gold Demand
Chinese gold consumption is likely to be buttressed by financial investors and the central bank, although retail demand
2023-08-17 10:58
Judge declines to approve Hyundai/Kia class action settlement, noting weak proposed remedies
A federal judge on Wednesday declined to approve a proposed settlement in a class-action lawsuit prompted by a surge in Hyundai and Kia vehicle thefts, saying it fails to provide “fair and adequate” relief to vehicle owners
2023-08-17 10:57
Central banks of Indonesia and Singapore start trial on cross-border QR code payments
JAKARTA Indonesia's central bank said on Thursday it had started a trial of cross-border QR code payments with
2023-08-17 10:53
Tencent Revenue Disappoints in Warning for China Tech Sector
Tencent Holdings Ltd.’s revenue missed estimates, signaling an uneven recovery for the world’s biggest internet arena as it
2023-08-17 10:53
Australia Unemployment Rises to 3.7% as Rate Hikes Take Toll
Australia’s unemployment rate rose more than expected in July as the economy surprisingly shed jobs, signaling the labor
2023-08-17 10:52
Change the Channel: Linear TV Viewership Dips Below 50% for First Time
Years of the cord cutting that cable-TV executives used to insist wasn’t really happening have
2023-08-17 10:48
US to Set Up Hotline With Japan and South Korea, Campbell Says
The US, Japan and South Korea are aiming to establish a three-way hot line following a summit among
2023-08-17 10:26
New Mexico congressman in swing district seeks health care trust for oil field workers
A bill aimed at compensating oil field workers and immediate relatives for uninsured medical costs related to air-pollution and heat-related illness has been introduced by a first-term congressman from New Mexico
2023-08-17 09:52
A Year After IRA, Electric Vehicle Market’s Fitful Progress
President Joe Biden’s signature economic legislation promised to create a wave of demand for made-in-America electric vehicles by
2023-08-17 09:49
Hong Kong Stocks Poised for Bear Market as Growth Risks Mount
Hong Kong’s stock benchmark was on track to enter a technical bear market as worrying signs mount in
2023-08-17 09:45