Ratings agency Moody’s on Thursday downgraded Chinese developer Country Garden’s corporate family rating (CFR) to Caa1 from B1, citing heightened liquidity and refinancing risks.
Two lithium mine auctions in China’s southwestern Sichuan province that began this week have received nearly 7,000 bids, with prices hundreds of times higher than starting levels and rising as of Thursday, a provincial government body said.
Amid strenuous pushback from San Francisco officials and many residents, a California state agency is set to vote on Thursday on a proposal to allow the city to be blanketed in self-driving taxis at all hours.
Ride-sharing platform Lyft will start displaying advertisements on its app to create a more consistent source of revenue, the Wall Street Journal reported on Thursday.
British gambling firm Entain said on Thursday it had set aside 585 million pounds ($744.5 million) for a potential settlement with British authorities in relation to an investigation into potential bribery offences at its former Turkish business.
Canadian Tire Corp on Thursday reported a drop in quarterly revenue, as demand for sporting goods and home improvement items slowed at its retail stores.
President Joe Biden’s move to prohibit some U.S. technology investments in China is expected to keep investors on the sidelines, concerned that tougher measures are ahead as tensions simmer between the world’s two biggest economies.
Turks will get little reprieve from a soaring cost of living this summer as economists expect prices to jump by as much as 8.5% in August, underlining Ankara’s challenge as it embarks on a painful path toward more orthodox policies.
China’s Ant Group made net profit of 13.37 billion yuan ($1.85 billion) in the three months to March 31, up 17.5% from a year earlier, according to Reuters calculations from Alibaba Group Holding’s earnings report released Thursday.
Savills said on Thursday it has “reduced” its annual expectations after the real estate adviser posted a 72% slump in half-year profit as high interest rates battered transaction volumes in global property markets.
