China Evergrande Group has appointed liquidators for its subsidiary, Tianji Holding

China Evergrande Group has appointed liquidators for its subsidiary, Tianji Holding

China Evergrande Group has appointed liquidators for its subsidiary, Tianji Holding. This comes after Hong Kong’s High Court issue a winding-up order Follows the ongoing suspension of the company’s share trading, highlighting its financial difficulties and possible consequences for stakeholders, including shareholders and creditors, who are urged to remain cautious. Trading in Evergrande shares remains […]

Raul Asencio ‘Affected’ By Death Chants: Real Madrid’s Carlo Ancelotti

Raul Asencio ‘Affected’ By Death Chants: Real Madrid’s Carlo Ancelotti

Real Madrid coach Carlo Ancelotti said his defender Raul Asencio was “affected” by chants calling for him to die on Wednesday at Real Sociedad in the Copa del Rey. Los Blancos earned a 1-0 semi-final first leg win thanks to Endrick‘s goal but there was controversy as home fans chanted “Asencio die” and the match was briefly […]

Japan’s current ‘Mr. Yen’ doesn’t see disparity between yen rise & positive economic data

Japan’s current ‘Mr. Yen’ doesn’t see disparity between yen rise & positive economic data

Japan’s vice finance minister for international affairs, Atsushi Mimura, sees the yen’s recent rise as aligned with economic fundamentals, dismissing any disparity. He highlighted strong GDP growth and 4% inflation in January, reinforcing expectations of further interest rate hikes. The background to this is: JPY has strengthened to 149 per dollar, rebounding from last year’s […]

ForexLive Asia-Pacific FX news wrap: A solid up day … if you’re the US dollar

ForexLive Asia-Pacific FX news wrap: A solid up day … if you’re the US dollar

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not […]

Japan – Seven & i to give up management buyout after Itochu withdraws

Japan – Seven & i to give up management buyout after Itochu withdraws

​Seven & i Holdings, the Japanese conglomerate known for its 7-Eleven convenience stores, has been at the center of significant acquisition discussions. In late 2024, Canada’s Alimentation Couche-Tard proposed a $47 billion takeover bid, which led the founding Ito family to consider a management buyout (MBO) to retain control. The Ito family sought support from […]

Cable heavy in Asia trade, not helped by 11. Strong USD and 2. Weak service sector outlook

Cable heavy in Asia trade, not helped by 11. Strong USD and 2. Weak service sector outlook

The US dollar is firm pretty across the major FX board, with the uncertainty over tariffs widely cited as keeping riskier trades out of the spotlight. Cable is no exception, trading heavily during Asia time A report earlier isn’t helping. The Confederation of British Industry’s quarterly survey of services firms showed that profitability among business […]

PBoC Dep Gov says issuance of special treasury bonds to help major state-owned banks

PBoC Dep Gov says issuance of special treasury bonds to help major state-owned banks

The People’s Bank of China (PBOC) Deputy Governor Lu Lei has indicated that the bank should actively facilitate fundraising, including the issuance of special treasury bonds, to help major state-owned banks replenish their Common Equity Tier 1 (CET1) capital. strengthening capital reserves would enhance banks’ ability to manage risks and support the real economy the […]