Tencent’s stock dropped sharply in Hong Kong on Monday after the Wall Street Journal reported that the Chinese internet giant might face a record punishment for breaking anti-money laundering regulations. According to the Wall Street Journal, WeChat Pay, Tencent’s mobile… Read More ›
As per a report from the Wall Street Journal, a few U.S. hedge-funds which have investments from Russian oligarch Roman Abramovich have been told to freeze his assets after Britain imposed sanctions on him. Britain has frozen his assets and… Read More ›
Shares of Yum China along with four other Chinese companies have fallen sharply after they were ensnared in an audit dispute between China and the United States. In a statement Yum China Holdings, the owner of KFC, Taco Bell and Pizza… Read More ›
In a statement financial regulators of Bahamas said, financial institutions in the country have been ordered to halt all transactions with Russian entities which have been targeted under Western sanctions. While the Bahamas has vocally condemned Russia’s invasion of Ukraine,… Read More ›
In the latest response to Russia’s conflict in Ukraine, US President Joe Biden has placed a ban on Russian diamonds, seafood, and vodka imports. Russia’s position as an equal trading partner will be revoked by the United States, the European… Read More ›
Global financial conditions have reached their tightest since May 2009, according to a widely regarded Goldman Sachs index, which might indicate a global economic slowdown. The financial circumstances of an economy represent the availability of capital in that economy, and… Read More ›
In a statement Twitter Inc said, it will allow companies to showcase up to 50 products for sale on their profiles, as part of an experiment to gain a piece of the $45 billion U.S. market for social commerce. Facebook… Read More ›
At a time when China’s tougher monitoring of its companies has hampered capital raising through foreign IPOs, smaller Chinese companies in need of capital are racing for quick offshore listings through the merger route with blank-check enterprises, according to corporate executives and bankers. The businesses… Read More ›
According to analysts, the low-cost 5G model of its iPhones would help Apple Inc to boost its appeal in the Asian market, – a market where the iPhone maker is rivalling with a slew of rivals ranging from South Korea’s… Read More ›
With the backing of an international fund, Air France-KLM, and Delta Airlines have expressed interest to purchase a majority stake in Alitalia’s successor ITA Airways, reported La Repubblica citing a government source. According to the report, the expression of interest was… Read More ›
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