Shimao Group Holdings, the Shanghai-based property developer, is in the midst of a challenging financial situation, trying to restructure its offshore debt of US$11.7 billion. [more…]
Discovery Bay Transportation Services has once again sparked controversy by requesting a substantial 60 per cent increase in ferry fares, setting off alarm bells among [more…]
In a noteworthy development, PetroChina Co. is poised to receive a shipment of Venezuelan oil, marking a significant shift in its sourcing strategies. The cargo, [more…]
In a twist of events reminiscent of a high-stakes poker game, Chinese online retailer JD.com has decided to fold its hand and walk away from [more…]
Chinese electric vehicle (EV) manufacturer Xpeng is gearing up for its global expansion with the announcement of its first right-hand drive model, set to launch [more…]
In a strategic move to diversify their economies and capitalize on the global shift towards electric vehicles (EVs), national oil giants Saudi Aramco and Abu [more…]
China National Offshore Oil Corporation (CNOOC) announced a significant discovery in the South China Sea, revealing a new reserve with over 100 million tons of [more…]
Banco Santander, the global banking giant, has recently expanded its reach to the vibrant financial hub of Doha, Qatar, by opening a representative office in [more…]
In a move to prevent semiconductor equipment maker ASML, the Netherlands’ largest company, from relocating or expanding abroad due to anti-immigration policies, the Dutch government [more…]
In a move amidst China’s deepening property sector crisis, Deutsche Bank is reportedly preparing to launch a liquidation lawsuit against Shanghai-based developer Shimao Group in [more…]
