Chinese carmaker BYD Co. may be getting some bad news as it prepares to start selling in the U.S. next year. A planned reduction in government subsidies and a phase-out of interest-rate controls threaten to raise costs for it and thousands of companies across China.
China will “strictly control” lending risks to property developers this year as the nation’s banking regulator identifies real estate as a potential flash- point for credit problems along with industries with overcapacity.
The world’s largest oil companies from Royal Dutch Shell Plc to Exxon Mobil Corp. are likely to reassess deals to drill in Ukraine where political crisis is threatening a promising source of new profits as well as the country’s drive for energy independence.
As Europe takes the lead in trying to end the bloodshed in the Ukrainian capital, Vladimir Putin is running out of options to shape events in a country that he sees as firmly within Russia’s sphere of influence.
China’s record imports of iron ore and copper, driven by traders who use them as loan collateral, risk repeating the vicious cycle of repayment difficulties and falling prices already seen in the steel-trading market.
Iron ore stockpiles in China, the world’s biggest buyer, climbed to a record as traders increased imports to use the steel-making raw material as collateral for credit and domestic demand remained weak.
Pakistan’s government is bracing for criticism when it sells a planned record amount of state assets as Mian Mohammad Mansha, a tycoon linked by the opposition to the ruling party, warns he may be a bidder.