Visitor arrivals recovered to just 60 of 2018 levels Tourists increasingly looking for experiences beyond shopping Luxury department store Harvey Nichols closing flagship shop HONG KONG, Dec 18 Reuters Hong Kong39;s luxury retailers are adapting to fewer wealthy Chinese shoppers visiting the city and a shift towards tourists flocking to Instagramcoveted spots in trendy districts […]

SHANGHAISINGAPORE, Dec 18 Reuters Chinese banks are putting bad loans up for sale at a record pace, as regulators push for faster disposal of sour debts amid rising consumer defaults during an ailing postCOVID economic recovery. Issuance this year of securities backed by nonperforming loans NPLs is set to jump about 40 from a year […]

BEIJING, Dec 15 Reuters China39;s fiscal revenue rose by 4.3 in November yearonyear, quickening from a 2.6 gain in October, according to Reuters calculations based on official data on Friday. In the first 11 months, fiscal revenue logged a 7.9 increase from a year earlier, compared with 8.1 growth in the JanuaryOctober period, finance ministry […]

SYDNEYLONDON, Dec 15 Reuters Shares and bonds on Friday globally continued to bask in the glow of Wednesday39;s Fed meeting, with MSCI39;s world share index set for a seventh straight winning week, its longest run in six years, and the benchmark 10year Treasury yield trading below 4. Europe39;s broad STOXX 600 benchmark traded at a 23month […]