Chinese stocks listed in Hong Kong rose to a five-month high, buoyed by a rally in tech shares and measures to ease liquidity stress at some of the nation’s too-big-to-fail developers.
Despite being the birthplace of the humble rice cooker, a decline in appetites for the grain and cost savings to be found elsewhere are prompting Panasonic Holdings Corp. to end production in Japan.
Can mandatory maths reinvigorate Rishi Sunak’s premiership? Well, he’s going to try. That’s part of a bid to reset his premiership, and perhaps distract from the economic crisis, troubled health service and widespread strikes — of which we have more today. Meanwhile, BT is taking a stake in a drone startup in a bid to support an aerial superhighway linking logistics hubs.
China resumed approvals for private equity funds to raise money for residential property developments, one of the latest moves to boost the country’s real estate sector as the downturn persists.