https://www.scmp.com/rss/503733/feed David Yong was an editor covering China and Asian markets for the South China Morning Post. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Investors are hoping for uplifting signals from China’s top officials before the nation’s most important political gathering after a troubling week caused by a US bond-market rout. So far, it’s been underwhelming as stocks extended losses. The Hang Seng Index has weakened on the run-up to and during the past four “two sessions,” and this week has been choppy at best even though the stock benchmark is still just slightly higher than it was a week ago. Stocks extended losses from Thursday as... https://www.scmp.com/business/markets/article/3124201/stock-traders-look-chinas-two-sessions-drivers-political-meeting?utm_source=rss_feed https://www.scmp.com/business/markets/article/3124201/stock-traders-look-chinas-two-sessions-drivers-political-meeting?utm_source=rss_feed Fri, 05 Mar 2021 04:56:41 +0000 The Punjab National Bank scandal is likely to cost India’s second largest state-owned lender about US$2 billion. Sale of assets seized from the alleged perpetrators including diamond designer Nirav Modi, starting this month, suggests a long road to recovery. Through the Enforcement Directorate, the agency responsible for fighting economic crime in India, the government has engaged Mumbai-based Saffronart to auction a litany of luxury goods to recoup its losses. The list includes prized artworks... https://www.scmp.com/business/companies/article/3050485/nirav-modi-punjab-national-bank-scandal-rolls-royce-and-rise?utm_source=rss_feed https://www.scmp.com/business/companies/article/3050485/nirav-modi-punjab-national-bank-scandal-rolls-royce-and-rise?utm_source=rss_feed Fri, 14 Feb 2020 02:30:10 +0000