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  Bloomberg Chinese financial regulators and the nation’s biggest bad-debt management companies plan to offer as much as 160 billion yuan ($24 billion) of refinancing support to high-quality developers in the first quarter, according to people familiar with the matter. Under the plan first announced on Friday with little details, the People’s Bank of China will channel 80 billion yuan ...

  Bloomberg Taiwan’s exports of integrated circuit chips rose in 2022 for a seventh consecutive year, further solidifying the economy’s leadership status in a global semiconductor industry that has been roiled by US-China tensions and diversifying supply chains. Exports of IC chips — which are pivotal components of electronic appliances, computers and smartphones — rose 18.4% from a year earlier, ...

  Bloomberg Didi Global Inc. has secured the green light to resume signing up new users, suggesting the worst is over for a ride-hailing giant that symbolized Beijing’s bruising campaign to rein in its powerful internet industry. The widely anticipated decision is one of the clearest signs yet that Xi Jinping’s administration, keen to jumpstart an economy that’s sagged under ...

Bloomberg Japanese Prime Minister Fumio Kishida is looking beyond his country’s alliance with the US to deter China, bolstering security ties with democracies from Australia to Europe. On his tour of Group of Seven countries last week, which came after the biggest overhaul of Japan’s security policy since World War II, Kishida told French President Emmanuel Macron that the security ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Yoon Suk Yeol, President of the Republic of Korea, attended the exchanging and announcing of several agreements and memoranda of understanding (MoUs) to develop cooperation in various fields in light of the distinguished strategic ties binding the two countries. The agreements and MoUs announced included an ...

  Abu Dhabi / WAM Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, and leading beverage producers, can-makers and waste management companies, on Sunday announced the launch of the “Aluminium Recycling Coalition”, which aims to drive a step-change in aluminium recycling in the UAE. The coalition was launched at EGA in ...

Dubai / WAM Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Idex and Navdex 2023 exhibitions, which will be held from February 20-23, will host over 15 high-level panels focusing on three main themes. The panels will feature prominent intellectual leaders and decision makers from around the world, who will discuss innovative technologies and solutions ...

  Sharjah / WAM Sharjah Chamber of Commerce and Industry (SCCI) continued in the last year its leading role in creating the best investment environment, reinforcing the position of the emirate of Sharjah as a global business hub and bolstering its competitiveness and economic potential by following a strategy based on protecting the interests of businessmen and supporting its members ...

  Bloomberg After years of playing second fiddle to the US, European assets are now charging ahead and leaving Wall Street in the dust. Euro-area equity markets are up 38% since the end of September in US dollar terms, and enjoying their best start to a new year ever. Meanwhile, the region’s investment-grade credit is ahead of its US peers ...

  Bloomberg UK Transport Secretary Mark Harper has given rail companies permission to make a new offer to unions this week in a bid to ending strikes. A “revised mandate” had been given to rail companies to go into negotiations in the coming days and it’s important to give the two sides space “to try and reach a conclusion,” Harper ...