Business

Explainer: Is China finally ready to roll out a property tax?

China’s long-mooted – and long-resisted – property tax is set to gain new momentum as President Xi Jinping throws his support behind what experts say would be one of the most profound changes to the country’s real estate policies in a generation.

Factbox: Fun facts from the U.S. SEC report on January’s GameStop saga

The U.S. securities regulator released its long-awaited post-mortem into January’s GameStop saga, in which retail traders banded together on social media and piled in to GameStop and other “meme” stocks in an attempt to punish hedge funds that had bet against the company, sending its shares soaring.

Marketmind: What could possibly go wrong?

Optimism for the third quarter earnings season has provided a timely boost for equity markets, which flirted with correction territory in September.

Chips and ships: Philips cuts outlook as supply chain problems grow

Dutch health technology company Philips (PHG.AS) on Monday cut its outlook for sales and profit growth this year and said the global supply chain problems that added to its growing list of worries in the third quarter would likely intensify.

Malaysia’s AirAsia X proposes paying 0.5% of $8.1 bln debt

AirAsia X Bhd (AAX) (AIRX.KL) is proposing to pay just 0.5% of debt owed to each of its creditors and to terminate all existing contracts so that it can restructure 33.65 billion ringgit ($8.1 billion) of liabilities, a document seen by Reuters shows.

Explainer: Is China finally ready to roll out a property tax?

China’s long-mooted – and long-resisted – property tax is set to gain new momentum as President Xi Jinping throws his support behind what experts say would be one of the most profound changes to the country’s real estate policies in a generation.

Factbox: Fun facts from the U.S. SEC report on January’s GameStop saga

The U.S. securities regulator released its long-awaited post-mortem into January’s GameStop saga, in which retail traders banded together on social media and piled in to GameStop and other “meme” stocks in an attempt to punish hedge funds that had bet against the company, sending its shares soaring.

Marketmind: What could possibly go wrong?

Optimism for the third quarter earnings season has provided a timely boost for equity markets, which flirted with correction territory in September.

Chips and ships: Philips cuts outlook as supply chain problems grow

Dutch health technology company Philips (PHG.AS) on Monday cut its outlook for sales and profit growth this year and said the global supply chain problems that added to its growing list of worries in the third quarter would likely intensify.

Malaysia’s AirAsia X proposes paying 0.5% of $8.1 bln debt

AirAsia X Bhd (AAX) (AIRX.KL) is proposing to pay just 0.5% of debt owed to each of its creditors and to terminate all existing contracts so that it can restructure 33.65 billion ringgit ($8.1 billion) of liabilities, a document seen by Reuters shows.

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