U.S. investment firm Oaktree Capital is moving to seize a plot of land used as collateral by China Evergrande Group, according to the Financial Times. The Chinese developer has told creditors it aims to issue a preliminary restructuring plan in the next six months.
Australian stocks dropped, on track to close in a technical correction after the Federal Reserve flagged it will start raising interest rates in March.
Taiwan’s economy is set to receive a substantial boost this year from Taiwan Semiconductor Manufacturing Co.’s unprecedented spending spree as the chipmaking giant accelerates plans to build more factories.
Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
Thailand’s central bank is expected to be the last in Southeast Asia to lift rates, leading to one of the steepest yield curves in the region as other nations brace for the first Federal Reserve hike since 2018.
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