HONG KONG (Reuters) - Cash-strapped China Vanke has sold a Shenzhen land plot via auction for 2.24 billion yuan ($309.18 million), a filing on Monday showed, more than 27% below the price it paid for the same 19,000 square-metre block nearly seven years ago. Vanke is working to raise funds after saying last month it is facing short-term liquidity pressure,...

JAKARTA (Reuters) - Indonesia's anti-trust agency said on Monday it is investigating the local units of e-commerce platforms Shopee and Lazada for suspected violations of anti-competition rules. The companies are PT Shopee Internasional Indonesia, and PT Ecart Webportal Indonesia, which oversee the domestic operations of Shopee and Lazada respectively. The agency did not elaborate on what the alleged breaches of...

SYDNEY (Reuters) -Papua New Guinea's massive landslide three days ago buried more than 2,000 people, the government said on Monday, as treacherous terrain and difficulties transporting aid lowered hopes of finding survivors. The National Disaster Centre gave the new number in a letter to the U.N. released on Monday but dated Sunday. A separate U.N. agency put the possible death...

05:46 AM EDT, 05/27/2024 (MT Newswires) -- Iran approved a plan to boost oil production to four million barrels per day from 3.6 million barrels per day, Reuters reported on Monday, citing a report by the country's Tasnim news agency. The report did not provide a time frame for the output hike, which was approved by an economic council headed...