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China’s Fosun seeks to sell stake in Alibaba’s logistics arm Cainiao- sources

Debt-laden Chinese conglomerate Fosun International (0656.HK) is seeking to offload a minority stake in Alibaba Group’s (9988.HK) logistics arm Cainiao, in a deal that could fetch up to $1 billion,

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Singapore core inflation eases for first time in eight months

Singapore’s key consumer price gauge rose 5.1% in October, slightly less than forecast and marking the first easing in eight months, official data showed on Wednesday, due to smaller rises

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Russian rouble firms ahead of three OFZ bond auctions

The Russian rouble strengthened on Wednesday ahead of three OFZ treasury bond auctions by the finance ministry, as the market awaited information on a price cap on Russian oil exports.

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Bundesbank warns banks against ‘careless’ payout pledges as economy cools

German banks should avoid making multi-year promises to their shareholders despite bumper profits this year as the outlook for the economy is worsening, Bundesbank board member Joachim Wuermeling told Reuters.

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Analysis: Investors warm to European corporate bonds after a brutal year

Investors are moving back into the European corporate bond market after one of the most brutal years in history, lured by juicy yields and hopes that central banks may soon

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New Zealand delivers record rate hike, flags 2023 recession

New Zealand’s central bank on Wednesday hiked interest rates by a record amount and warned the economy might have to spend an entire year in recession to bring sky-high inflation

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Elon Musk names S. Korea among top candidates for EV investment – Yoon’s office

Tesla (TSLA.O) chief executive Elon Musk said on Wednesday that South Korea was among its top candidate locations for a factory it plans to build in Asia for making electric

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