Country Garden overdue results show steep losses amid sector’s sales slump
By Clare Jim HONG KONG (Reuters) -Country Garden, once China’s biggest developer and now facing a liquidation lawsuit, reported steep losses on Tuesday in its long-overdue 2023 and interim 2024 financial results, hurt by large provisions amid a prolonged property sector
TikTok seeks to reassure U.S. employees ahead of Jan. 19 ban deadline
By David Shepardson and Jasper Ward (Reuters) – TikTok plans to keep paying U.S. employees even if the Supreme Court does not overturn a law that would force the sale of the short-video app in the U.S. or ban it, the
Euro zone households could increase consumption, ECB chief economist says
(Reuters) – Euro zone households are likely to reduce their savings this year and consume more of their disposable income, though this shift is still likely to be modest, European Central Bank chief economist Philip Lane said on Wednesday. Improved real
Foreigners sold South Korean equities last month by most since early 2020
SEOUL (Reuters) – South Korea’s capital markets in December experienced the largest foreign outflows since March 2020 as heightened political uncertainty hit investor sentiment, central bank data showed on Wednesday. Foreigners last month extended their South Korean stock market selloff
Japan likely to miss primary budget surplus target for FY2025, sources say
By Yoshifumi Takemoto TOKYO (Reuters) – Japan is likely to miss achieving its goal of running a primary budget surplus by the next fiscal year, according to three sources with knowledge of fresh fiscal estimates, as the minority government faces increasing