Earlier this month, China’s government revealed a plan for state-owned companies to buy some of the millions of unfinished apartments littering the nation and convert them to affordable housing for low- and middle-income households.
Tag: Economy
Post
TOP TREND 2024: EV GO FU
President Joe Biden’s 102.5-percent tariffs on Chinese electric vehicles (EVs) entering the U.S. drew headlines earlier this month. What drew less attention but is far more impactful is the tripling of tariffs on EV batteries and parts.
Post
TOP TREND 2023: OFFICE BUILDING BUST
For the first time since the Great Recession, highly-rated bonds backed by commercial real estate loans are beginning to see losses.
Post
SPOTLIGHT: BIGS GETTING BIGGER
American International Group (AIG) is selling control of Corebridge Financial, its life insurance and retirement funding division, to Nippon Life Insurance, Japan’s largest insurer, for about $3.8 billion.
Post
SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Several cities in China are enacting a policy authorized recently by Beijing: buying partially built homes from developers and completing the units as affordable apartments for low- and middle-income families.
Post
TOP TREND 2024, EV GO FU: STRONG HYBRID SALES HELP ASIAN CARMAKERS SHIFT TO EVs
Thanks to a weak yen and strong U.S. demand for gas-electric hybrid cars, Honda and Toyota reported 2023 as their most profitable year yet.
Post
SPOTLIGHT: LUXURY INDUSTRY IN TRANSITION
British luxury brand Burberry reported £418 million in adjusted operating profit in fiscal 2024, which ended 30 March. The company had projected a net of £410 million to £460 million.
Post
SPOTLIGHT: BIGS GETTING BIGGER
Takeover specialist KKR will pay Au$2.18 billion, about $1.44 billion in U.S. currency, to buy the corporate trust and wealth management divisions of Perpetual, an Australian financial management firm.
Post
SPECIAL REPORT: CHINA RECONFIGURES THE GLOBAL AUTOMOBILE BUSINESS
China has become not only a vital market for most of the world’s major automakers, but its cars are among the world’s most technologically advanced.
Post
SPECIAL REPORT: CHINA TRADE WAR 2.0
U.S. president Joe Biden has slapped additional tariffs on some Chinese products entering the country and added new levies on others.