Explainer: China’s embattled developer Kaisa Group and the chairman behind it
After cash-strapped developer China Evergrande Group (3333.HK) once again averted a destabilising default this week, investor focus is shifting to other Chinese developers with offshore payments coming due, especially Kaisa Group (1638.HK).
EXCLUSIVE In strategy shift, Louis Vuitton considers first duty free store in China’s Hainan
Louis Vuitton is considering opening its first duty free store in China on the emerging luxury island hub of Hainan, according to two sources, in a move that would mark a new approach for the world’s largest luxury label.
Momentum grows for green hydrogen projects in Tasmania
Woodside Petroleum (WPL.AX) said on Friday it has acquired land for a proposed hydrogen plant in Tasmania, one of three proposed hydrogen projects the island state is promoting to take advantage of its abundant hydropower and wind power.
Toshiba set to announce split into three firms, shareholder reaction in focus
Japanese industrial conglomerate Toshiba Corp (6502.T) is set to outline plans on Friday to break up into three listed companies that will focus on infrastructure, devices and memory chips, sources with knowledge of the matter said.
EXCLUSIVE No takers for Malaysia’s 5G plan as major telcos balk over pricing, transparency
None of Malaysia’s major mobile carriers have agreed to use the government’s 5G network yet due to transparency and pricing issues, ahead of a rollout planned for next month, a state agency and industry executives said.
U.S. airlines and Amazon join push to reduce aircraft emissions
Major U.S. airlines and Amazon.com’s (AMZN.O) aviation unit are joining an effort to speed development and use of sustainable aviation fuels (SAF) to decrease emissions in air transport.
SoftBank dragged into red by falling Vision Fund valuations
SoftBank Group Corp (9984.T) reported a 397 billion yen ($3.5 billion) net loss for the July-September quarter, dragged down by a $10 billion investment loss at its Vision Fund unit as tech valuations fell.
Crypto rally lifts ether to new record, bitcoin to near 3-week high
Bitcoin rallied toward its all-time high on Monday and ether climbed to a fresh record as cryptocurrencies rode a wave of momentum, flows, favourable news and inflation fears.
EXCLUSIVE BlackRock raises $673 mln for climate-focused infrastructure fund
BlackRock Inc (BLK.N) told Reuters it has raised a target-beating $673 million for an infrastructure fund with backing from the French, German and Japanese governments to invest in climate-focused projects such as renewable energy in emerging markets.
Nearly all development banks committed to cutting coal investment, data shows
Nearly all internationally available development financing is now committed to reducing or ending investment in coal-fired power after moves by China and the G20 to stop supporting new projects overseas, new research showed on Tuesday.
