The United States space agency NASA and actor Tom Cruise are working together to create a movie on the International Space Station, the head of NASA had confirmed. The news that Cruise will be launched into space and stay aboard… Read More ›
Entrepreneurship
U.S. asset manager AllianceBernstein applies for setting up mutual fund unit in China
According to a post in China’s securities website, U.S.-based asset manager AllianceBernstein’s Hong Kong unit has applied to set up a mutual fund in China. The website of China’s Securities Regulatory Commission shows that application documents from AllianceBernstein Hong Kong… Read More ›
Saudi Aramco hires bankers ahead of multi-tranch U.S. dollar denominated bond issue
On Monday, oil giant Saudi Aramco stated, ahead of its launch of its U.S. dollar-denominated bond issuance, it has hired a group of banks, in a stock exchange filing. Saudi Aramco, the world’s biggest oil company is aiming to raise capital… Read More ›
Parent of BMW’s Chinese joint venture partner undergoing bankruptcy restructuring
According to a filing in a Chinese court, the Chinese JV partner of BMW, Brilliance Automotive Holdings, stated, its parent, Huachen Automotive Group, may undergo restructuring following a creditor approaching a Chinese court to recover sums. Huachen is owned by… Read More ›
Australia’s stock exchange to open only on Tuesday following data security issue: bourse operator ASX Ltd
On Monday, Australia’s stock exchange halted trading following a security issue. 20 minutes after opening on Monday Australia’s stock exchange experienced issues with market data. Trading is set to resume on Tuesday at 10 a.m., said bourse operator ASX Ltd…. Read More ›
Nissan Motor exploring divesting its stake in Mitsubishi Motors
On Monday, in a news bulletin Bloomberg News stated citing anonymous sources, Nissan Motor is looking to divest some or all of its 34% stake in Mitsubishi Motors. The move is likely to reshape Nissan Motor’s three-way alliance which includes… Read More ›
US-China Trade Tensions To Remain Even Under Biden, Says Former China Finance Minister
According to former Chinese finance minister Lou Jiwei, even if Joe Biden becomes president of the United States replacing Donald Trump, there would likely be no easing of the trade war between the US and China at least in the… Read More ›
Chinese President Xi Jinping halted Ant Group’s IPO
According to a report from the Wall Street Journal which cites Chinese officials with knowledge of the matter at hand, Chinese President Xi Jinping had personally decided to pull the plug on Ant Group’s $37-billion initial public offering. The decision… Read More ›
Trump Administration bans U.S. investments in Chinese companies owned/controlled by Chinese military
In a significant development, the Trump Administration has passed an executive order which prohibits U.S. investments in Chinese companies, which are owned or controlled by the Chinese military. The executive order is likely to impact some of China biggest companies,… Read More ›
UK weighs economic sanctions against China over Beijing continued breach of Hong Kong treaty
Following China breaking its bilateral treaty with Britain with the imposition of its draconian measures garbed through its new security laws on Hong Kong, Britain stated it is considering the imposition of sanctions against it as part of its response… Read More ›
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