SINGAPORE -- A record 14 companies rated by S&P Global Ratings defaulted in Greater China in 2022, up from 10 in 2021, according to a study published today. Among the 14 defaults, the real estate sector and the forest and building products sector contributed six defaults each as China's property sector continued to wobble in 2022.
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TOKYO -- Potential termination of the negative interest rate policy by the Bank of Japan (BoJ) has suddenly emerged on investors' radar screens, with BoJ Governor Ueda saying in a recent interview with the Yomiuri newspaper that the possibility of having enough evidence of a sustainable wage increase by the end of this year is not zero.
When such condition is met, the Governor said, the end of the negative rate policy becomes an option.
SOME DEGREE of structural deceleration seems unavoidable for Hong Kong and the Greater Bay Area (GBA), given the evolution of the economy in the Mainland, according to the global financial group Nataxis in a new report. "All in all, the Hong Kong economy is navigating complicated waters." Natixis says.
HANOI - The Vietnamese Government on September 18 issued a Decree amending and supplementing Decree No. 152 on foreign employees working in Vietnam and the recruitment and management of Vietnamese employees working for foreign individuals and organizations in Vietnam. The new Decree takes immediate effect.