Chinese developer Modern Land defaults on bonds; real estate shares fall

Men work at the construction site of a high-rise building in Beijing, China, Oct. 18, 2021. REUTERS/Thomas Peter Modern Land Cites Liquidity Problems Over Non-payment NDRC meets real estate companies on Tuesday Hang Seng mainland real estate index down more than 5% HONG KONG/SHANGHAI, Oct 26 (Reuters) – Modern Land (1107.HK) has missed a bond … Read more

Rise in human bird flu cases in China shows risk of rapidly changing variants: experts

A man provides water for chickens in a greenhouse at a farm in Heihe, China’s Heilongjiang province, 17 November 2019. REUTERS/Stringer BEIJING, Oct. 26 (Reuters) – A jump in the number of people in China infected with bird flu this year has raised concern among experts, who say a previously circulating strain appears to have … Read more

HSBC Allays Real Estate Concerns in China with 74% Profits Increase and $2 Billion Buyback

Third Quarter Profit Climbs to $5.4 Billion on Better Loan Outlook Costs reaching $32 billion if inflation bites $2 Billion Share Repurchases Coming Soon HSBC’s Hong Kong Shares Rise to 1.8% to 4-Month High SINGAPORE/LONDON, Oct. 25 (Reuters) – HSBC Holdings (HSBA.L) reported a surprising 74% increase in third-quarter profits as it raised concerns about … Read more

Evergrande, EV shares jump after chairman signals business shift

A traffic light is seen near the headquarters of China Evergrande Group in Shenzhen, China’s Guangdong province, September 26, 2021. REUTERS/Aly Song/File Photo HONG KONG, Oct. 25 (Reuters) – Shares in China Evergrande Group (3333.HK) and its EV unit rose on Monday as the embattled real estate developer prioritized growing its nascent electric vehicle business … Read more

Hong Kong’s Zero-COVID Policy Undermines Financial Hub Status – Industry Group

A general view of the Central Business District, in Hong Kong, China, September 15, 2021. REUTERS/Tyrone Siu HONG KONG, Oct. 25 (Reuters) – A financial sector group warned on Monday that Hong Kong’s zero-COVID policy and strict quarantine requirements for international travelers threaten to undermine the city’s status as a financial hub. The Asia Securities … Read more

China warns of further spread in latest COVID-19 outbreak

Employees wait outside booths where people receive a vaccine against the coronavirus disease (COVID-19) at a vaccination center, during a government-organized visit, in Beijing, China, April 15, 2021. REUTERS/Thomas Peter BEIJING, Oct. 24 (Reuters) – China’s latest COVID-19 outbreak will continue to spread, a health official said Sunday, as authorities urged all regions to step … Read more

China’s debt-ridden Evergrande resumes work on more than 10 real estate projects

An aerial view shows residential buildings at the construction site of Evergrande Cultural Tourism City, a China Evergrande Group project whose construction has been halted, in Suzhou’s Taicang, Jiangsu Province, China on Oct. 22, 2021. REUTERS/Xihao Jiang BEIJING, Oct. 24 (Reuters) – China Evergrande Group (3333.HK) said on Sunday it had resumed work on more … Read more

Taiwan, US discuss UN participation ahead of important anniversary

A protester holds flags of Taiwan and the United States in support of Taiwan’s President Tsai Ing-wen during a stopover after her visit to Latin America in Burlingame, California, US, Jan. 14, 2017. REUTERS/Stephen Lam TAIPEI, Oct. 24 (Reuters) – Taiwanese and U.S. officials discussed how Taiwan could participate “meaningly” at the United Nations just … Read more

South Korea says it reaches 70% vaccine target for COVID-19

A South Korean woman receives her first dose of the Pfizer-BioNTech vaccine against coronavirus disease (COVID-19) at a vaccination center in Seoul, South Korea, April 1, 2021. Chung Sung-Jun/Pool via REUTERS/File Photo SEOUL, Oct. 23 (Reuters) – South Korea said on Saturday it has reached its goal of vaccinating 70% of its 52 million people, … Read more

Analysis: Vaccinated Singapore Shows Cost for Re-opening in Zero-COVID Countries

Amsterdam passengers arrive at Changi Airport under Singapore’s expanded Vaccinated Travel Lane (VTL) quarantine-free itinerary as the city-state opens its borders to more countries amid the coronavirus disease (COVID-19) pandemic, in Singapore on Oct. 20, 2021 REUTERS/Edgar Su /File photo Record increase in deaths and infection points to risks Death toll of 280 driven by … Read more