BLOOMBERG A Chinese property developer whose default in 2021 has since fed into a broader industry rout is facing resistance to its restructuring plan from a major shareholder. Fantasia Holdings Group Co’s second-biggest shareholder TCL Industries Holdings Co opposes the terms of the debt-to-equity swaps, a key part of the restructuring proposal that would dilute shareholders’ stakes, according to people …

BLOOMBERG Honda Motor Co shares rose the most in seven weeks after the Japanese automaker forecast profit for the current fiscal year that slightly exceeded analysts’ projections and a buy back of as much as Â¥200 billion ($1.5 billion) of its own shares. Operating profit for the period through March 2024 will be Â¥1 trillion, the company said. That compares …

BLOOMBERG Thailand’s two biggest pro-democracy parties agreed to join in a coalition that would give them a clear majority in the lower house, moving to quickly maintain momentum after a stronger-than-forecast showing in the elections. The liberal Move Forward party claimed a mandate to lead after topping the polls, with party chief Pita Limjaroenrat taking to Twitter to say he …