Zhongliang is struggling to repay notes worth $729m. Even if it wins approval to extend bond coupons by a year, it would need to pay an extra $1.25 million due to the weak yuan
China's imposition of tariffs and restrictions on metals, food, and energy is worsening the pressure on global inflation, says the Peterson Institute for International Economics.
Dennis Uy, chairman of conglomerate Udenna Corporation and listed Chelsea Logistics, plans to divest from a South China Sea gas field and a commercial land leasing company
Logjams have hurt Boeing's cash flow while debt has soared, raising fears among investors of a potential credit rating downgrade for America's largest exporter
Semiconductor Manufacturing International Corporation (SMIC) announced revenue of $1.8 billion in first three months ended March 31, a 16.6% rise from the previous quarter
The group said the Zijin Mining project is one of the many highly polluting Chinese investments undertaken "without necessary environmental and social due diligence"
Nissan has shifted its focus from "volume to value", shedding the emphasis on big sales numbers, often at discounts, that it pursued for years
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
US tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
The Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.