Hong Kong court gives embattled developer a further 8 weeks to finalise a revamped debt restructuring proposal; judge says plan needs support from all classes of creditors

COP28 president Sultan Al Jaber also seen opposing the UN chief's call for a halt in the use of fossil fuels

A former People's Bank of China official predicted on Sunday that policymakers would implement a proactive fiscal policy in 2024, while regulators work to reform smaller banks

Rich Chinese families and private companies have taken or sent an estimated $50 billion a month out of China this year, a recent report says

Jakarta and the Asian Development Bank have agreed to a deal that will see a 660-MW coal plant in West Java shut seven years earlier than scheduled

The pledge by over half the world's countries to triple renewable energy was perhaps the most positive news at COP28 on Saturday

Honda Motor said on Saturday it was dismissing about 900 workers at its JV with Guangzhou Auto in China, while Toyota has halted some operations in Tianjin amid weak sales

The US will give $3 billion to the Green Climate Fund, sources said Saturday. The fund helps poor countries lower emissions and transition to clean energy

Group's vice-president and chief financial officer are suspected to have been detained by authorities, who are now probing the shadow bank's dramatic implosion

Officials from China and Vietnam are discussing a possible upgrade of their rail links, including an historic line through part of northern Vietnam with large rare earth deposits

China International Capital Corp tells its analysts not to publish negative views on China's economy or its financial markets, asks staff not wear luxury brands or disclose their pay

Organisers are keen to generate goodwill before talks on the future of fossil fuels; fund would help poor nations cope with the cost of climate damage from drought, floods and rising seas