In a significant development, U.S. President Donald Trump has passed an executive order which proposes to “monitor and replace” any U.S. power grid equipment made by the nation’s foreign enemies. According to analysts, the move would mainly impact Chinese products… Read More ›
On Friday, China’s banking regulator stated, it will start monitoring the quantum of support being provided by lenders to struggling smaller firms, in what is the latest push to channel more funds into the country’s most vulnerable business sector. For… Read More ›
With Chile’s residents and Chilean courts ringing the alarm on depleted water supplies in the country’s Atacama salt flat, Albemarle, the world’s top lithium miner had filed a proposal in December to monitor water flows beneath the parched desert floor…. Read More ›
China’s bid to purchase Toshiba’s U.S. liquefied natural gas (LNG) business was blocked by CIFIUS. Analysts have warned, failure to find a buyer will significantly dent the chances of its recovery from bankruptcy. On Friday, Toshiba Corp’s shares fell by… Read More ›
While an investigation by the U.S. Department of Justice found ZTE shipping goods illegally to Iran and its ally North Korea in violation of U.S. trade laws, which led to the company paying a record fine. The manner in which… Read More ›
The case refers to HSBC’s 2012 admission of laundering hundreds of millions of dollars’ worth of drug money for the Colombian and Mexican drug cartels, which came to a close after a deferred prosecution agreement wherein HSBC agreed to put… Read More ›
The company has accepted increased scrutiny in the forms of various audits by external independent monitors. In a major development for Volkswagen AG, as part of a $4.3 billion deal with U.S. regulators, Europe’s biggest car manufacturer has agreed to… Read More ›
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