China property firm Kaisa’s shares plunge as trade resumes after year-long halt

By Clare Jim HONG KONG (Reuters) -Embattled Chinese property developer Kaisa Group Holdings saw its shares lose a quarter of their value on Friday when they resumed trade after having been suspended for almost a year. Trade in Kaisa’s stock was frozen after the debt-ridden developer failed to publish earnings statements for 2021 by a …

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Japan PM urges ruling bloc to propose anti-inflation steps next week

By Yoshifumi Takemoto and Tetsushi Kajimoto TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said on Friday he has instructed the ruling coalition to propose a package of measures to beat rising prices next week, in a move aimed at shoring up a fragile economic recovery from COVID-19-induced doldrums. The instruction was made during a meeting …

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New York officials ask 3 pharmacy chains for plans on abortion drug access

(Reuters) -New York government officials on Thursday sent a letter to pharmacy operators CVS Health Corp, Walgreens Boot Alliance and Rite Aid Corp, asking about their plans to make abortion pill mifepristone available in the state. The letter from New York Governor Kathy Hochul and Attorney General Letitia James asked the companies to respond in …

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India’s Tata Technologies, a unit of Tata Motors, files for IPO

BENGALURU (Reuters) -Tata Technologies, a unit of Indian carmaker Tata Motors, filed for an initial public offering (IPO) on Thursday, according to draft papers submitted to the market regulator. However, Tata Tech, which provides engineering and product development digital services, said it will not offer any of the 95.7 million shares, representing around 23.6% of …

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China central bank makes biggest weekly cash withdrawal in two months

SHANGHAI (Reuters) – China’s central bank made its biggest weekly cash withdrawal in more than two months this week after liquidity conditions loosened at the start of the month, at a time when some market participants expect a reduction to banks’ reserve requirements soon. The People’s Bank of China (PBOC) drained a net 983 billion …

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