Ratings agency S&P Global downgraded Greenland to "selective default" on Wednesday after the state-backed property developer extended the maturity of $488 million in bonds

Prospects of a surge in take-private deals come against the backdrop of the industry's damage from the Covid pandemic and its disruption to travel and tourism

Among 70 large and medium-sized cities, 46 saw a year-on-year decrease in prices for new homes, up from 39 in April

New construction starts measured by floor area plunged 30.6% in January-May from a year earlier, after a 26.3% fall in January-April

Shanghai rebounded after exiting a two-month lockdown, with all of the 36 lots on sale sold in China's biggest city by economic output

The US-based asset manager's share of the equity in the venture with Chaintouch China comes from its BlackRock Asia Property Fund V vehicle

The five-year $200 million social bond with a coupon rate of 5.875%, and $500m green perpetual bond at a coupon rate of 6.15% were oversubscribed by nearly five times, the group said.

The port has been criticised as an example of reckless spending by the government, which has seen the country plunge into economic chaos and left the government unable to repay loans

Airbnb refused to refund users who complained about being misled, saying they had chosen to view rates in US dollars even though users said they had not, the ACCC said

The Chinese and Cambodian governments had both previously denied reports that a Chinese military presence would be allowed at the Ream naval base

Taking into account access to different Bain pools of capital, the second fund means Bain now has $5 billion of capital to invest in the region

The government has eased mortgage costs through interest rate cuts, relaxed some rules on ownership of second homes and urged banks to lend more to buyers