Author Archives
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Chinese grocery app Dingdong Maicai files for US IPO
Sequoia Capital and Tiger Global Management-backed Chinese grocery app Dingdong Maicai has filed for a U.S. initial public offering. The coronavirus-induced COVID-19 pandemic has fueled online demand for fresh produce in China, with e-commerce companies including Alibaba Group, Dingdong, and… Read More ›
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Financial Industry Regulatory Authority proposes increased clarity on short positions
In a significant development, Wall Street’s self-regulatory body, the Financial Industry Regulatory Authority (FINRA), has proposed changes to its short-interest reporting requirements. The added disclosure is aimed at making the information more useful. The proposal seeks to amend changes to… Read More ›
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US listed companies should disclose greenhouse gas emission data, worker demographic info: Eric Pan, president of the Investment Company Institute
In a significant development, an investment industry leader has urged U.S. regulators to require U.S. listed companies to disclose greenhouse gas emissions data and worker demographic information, in efforts to make such details available to ordinary shareholders. This call from… Read More ›
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Hong Kong extends bridging loan facility to Cathay Pacific Airways to June 2022
On Tuesday, in a statement Cathay Pacific Airways Ltd said, the Hong Kong government had permitted the extension of the drawdown period for its $1.01 billion (HK$7.8 billion) loan facility by a year to June 2022. The development will help ease… Read More ›
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Governor of Lebanon’s cenral bank under suspected money laundering investigation
In a report, Agence France-Presse said, French prosecutors have started a preliminary investigation into suspected money laundering operations by the governor of Lebanon’s central bank. Riad Salameh has come under investigation for conspiracy and organised money-laundering, said the report citing… Read More ›
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National Australia Bank under investigation for suspected breach of anti-money laundering and counter terrorism laws
On Monday, the National Australia Bank disclosed it is under investigation for suspected non-compliance to anti-money laundering and counter-terrorism laws, sparking concerns of higher compliance costs and potential fines. According to Australia’s financial crime regulator, there were “areas of serious concern”… Read More ›
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Business air travel will return close to pre-pandemic levels: Airbus CEO
In an interview to Swiss newspaper NZZ am Sonntag, the CEO of Airbus Guillaume Faury said, he expects “business air travel to return to close to pre-pandemic levels” and that “airlines are devoting the same space to business class seats as… Read More ›
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French economy to return to pre-COVID levels by Q1 2022: French Finance Minister Bruno Le Maire
The French economy will return to pre-COVID 19 levels by the first quarter of 2022, said Finance Minister Bruno Le Maire in an interview to JDD, a weekly. A return in investments and spending is laying the groundwork for the… Read More ›
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Buyout firms Hellman & Friedman, Blackstone, and Carlyle buy majority stake in Medline Industries: Sources
According to sources familiar with the matter at hand, a consortium of three private equity firms, including Carlyle Group and Blackstone Group Inc, have signed a definitive agreement to acquire a majority stake in Medline Industries Inc. The deal values… Read More ›
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Lockheed Martin Corp in discussions with US over production targets and deliveries over F-35 fighter jets
In a statement Lockheed Martin Corp said, it is in discussions with the US government over F-35 fighter jets production rate and deliveries for 2022. The defense giant aims to produce 169 F-35 fighter aircraft in 2022. “While initial discussions… Read More ›
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