Forbes China Rich List was topped by the founder of Alibaba Group – Jack Ma, fcor the second year in a row for 2019. There was a increase in the personal wealth in 2019 from $34.6 billion in 2018 to… Read More ›
Regulations & Legal
Carl Icahn sells a third of his shares in Occidental Petroleum
In an open letter letter to shareholders, activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum Corp’s $38 billion acquisition of Anadarko Petroleum, disclosed, he has cut his holdings in the company by nearly a… Read More ›
China’s Exports Drop Less Than Expected Amid Hopes Of A Partial Deal With US
Even as China is attempting to finalize a partial trade deal with the United States, some relief came for Beijing because the contraction of the exports and imports of the country for the month of October was less than expected… Read More ›
EU Chief Says No Tariffs On European Cars Will Be Imposed By Trump
No announcement of tariffs on import of European cars into the United States will be announced by Washington next week. This was said by the outgoing president of the European Commission Jean-Claude Juncker. A decision about whether to implement new… Read More ›
EasyJet And Jet2 Buys Out All Airport Slots Of Thomas Cook
All of the take-off and landing slots in te airports in the United Kingdom that were earlier owned by the now collapsed travel company Thomas Cook has been bought out by EasyJet and Jet2.com. The UK government’s liquidation service said… Read More ›
Cuba attracts $1.7 billion in foreign direct investments
Faced with a cooling economy, Cuba aims to boost its economy with its annual trade fair in Havana. Cuba’s Trade Minister Rodrigo Malmierca told a news conference at Cuba’s annual trade fair in Havana that Cuba has attracted foreign investments… Read More ›
California Department of Insurance takes control of former Berkshire insurance unit
California Department of Insurance has won a court order appointing it conservator of California Insurance Co, a subsidiary of Applied Underwriters Inc. Regulators in California have taken control of an insurer, which they say was recently sold by Warren Buffett’s… Read More ›
Hong Kong business activity falls to its 21-year low: IHS Markit survey
The Purchasing Manager’s Index survey reveals a deepening of an economic crisis in Hong Kong – one of Asia’s leading financial hub. An IHS Markit survey that was published on Tuesday shows, business activity in Hong Kong’s private sector has… Read More ›
China faces opportunity to consolidate its market opening
French President Emmanuel Macron called on China to capitalize on this opportunity and quickly consolidate the opening of its market to its trading partners. On Tuesday, French President Emmanuel Macron called on China to “consolidate” the opening up of the… Read More ›
Malaysia aiming to trace $4.34 billion in 1MDB-linked assets: Latheefa Koya
The investigation into Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) spans several countries. On Tuesday, in a statement Malaysia’s anti-corruption chief disclosed, Malaysia is looking to locate at least $4.34 billion (18 billion ringgit) worth of assets linked to… Read More ›
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