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China’s investment in Australia plunges 40%

Bloomberg Chinese investment in Australia plunged 40 percent in 2017 from the year before, according to research released on Monday. After peaking in 2016 at A$14.9 billion ($10.5 billion), investment from Chinese companies last year slumped to A$8.9 billion, according to the Australian National University database. In 2017, Chinese deals in Australia’s mining sector accounted for just over half of ...

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Malaysia contractors slide as government deepens spending cuts

Bloomberg Malaysian contractors are plunging as the government intensified its efforts to rein in spending by reducing the cost of an almost $14-billion mass-rapid transit project. Shares of Gamuda Bhd. slid by a record and MMC Corp. fell to the lowest in nine years, after the Finance Ministry rejected an offer from the MMC-Gamuda consortium to build an underground portion ...

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Indian financiers brace for tighter rules

Bloomberg Shares of Indian non-bank financiers plunged on concern the fastest pace of growth since 2013 is at risk of foundering. Dewan Housing Finance Corp., JM Financial Ltd. and Edelweiss Financial Services Ltd. are among non-bank lenders that slumped more than 15 percent as of 2:40 p.m. in Mumbai on Monday. A spate of money market defaults by Infrastructure Leasing ...

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