Fresh Moody's downgrade of Shimao's rating also hits investor confidence, highlighting the debt travails bedevilling some bloated developers

Putin's comments worsen selloff in Asia, pushing oil past $100 a barrel and the MSCI's broadest index of Asia-Pacific shares outside Japan down 3%

Pledge comes after a series of regulations aimed at reining in debt in the sector unsettled buyers and prompted a marked slowdown in the property sector

Directive does not apply to aircraft flying into areas where the 5G environment has been rendered safe for aviation, which the FAA said includes nearly all airports in the US

Shimao defaulted on a trust loan last month and has been scrambling to extend debt maturities including asset-backed securities and trust loans with creditors

Asia’s stocks rose on Wednesday and oil prices stabilised with traders relieved to see sanctions imposed on Russia weren’t as serious as had been feared

The US is concerned that low output of minerals essential to build future tech may leave it beholden to China and others that have heavily invested in mining

Australia's biggest employer said net profit from continuing operations and excluding one-off costs fell 6.5% to A$795 million ($575 million) in the half year to January 2

A proposed policy to lower delivery fees that wiped $26 billion off Meituan's value was not intended to target the platform economy, an Economic Daily commentary said.

Beijing has reportedly asked state firms to identify any links they have with billionaire Jack Ma's Ant Group

Investors turned to oil and safe-haven assets after Russian leader Vladimir Putin 'recognised' two rebel-held areas in eastern Ukraine and sent in troops

Financial hub deploys a 'dynamic zero Covid' strategy similar to mainland China's, aiming to eradicate any outbreaks at all costs