On Thursday, in a statement Australian copper miner MMG said, after December 18, it would shut production at its Las Bambas copper mine in Peru. The development comes after it failed to reach an agreement with a Peruvian community which… Read More ›
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UK-based THG Plc aims to raise $1Billion in fresh capital
In a statement UK-based consumer brands THG Plc stated, it is in the process of raising $1 billion in fresh capital, including about $730 million from a unit of SoftBank Group and the remainder from other investors. THG went on to add,… Read More ›
Trump Administration bolster ban on U.S. investors funding Chinese military modernization
In a statement the White House said, U.S. President Donald Trump has signed an executive order which further strengthens the November ban on U.S. investments in companies which are allegedly controlled or owned by the Chinese military curbing their access… Read More ›
Morgan Stanley, and Goldman Sachs JPMorgan to delist some HK-listed structured products following U.S. ban
In a statement, Morgan Stanley, and Goldman Sachs JPMorgan said, they will delist 500 Hong Kong-listed structured products following a U.S. ban on investments in companies Washington has labeled as deemed to be linked to the Chinese military. The Hong… Read More ›
NYSE will no longer delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd
In a statement the New York Stock Exchange said, it no longer intends to delist China Mobile Ltd, China Telecom Corp Ltd and China Unicom Hong Kong Ltd “in light of further consultation with relevant regulatory authorities.” Last week the… Read More ›
Trump Administration bolsters executive order barring U.S. investment in Chinese companies
In a significant development, the Trump administration has further bolstered an executive order barring U.S. investors from purchasing securities of Chinese military-controlled companies. There is some disagreement among U.S. agencies on how tough to make the directive. In a statement,… Read More ›
S&P Dow Jones Indices delists Chinese-military backed companies
On Thursday, in a significant development, S&P Dow Jones Indices said it would delist Chinese companies including Hikvision from its products, becoming the latest stock exchange to do so following the U.S. Administration ordering restrictions on the purchase of their… Read More ›
Washington bans 4 more Chinese companies from accessing U.S. investor funds
According to sources familiar with the matter at hand, the United States is slated to designate four more Chinese companies as being backed by China’s military thus curbing their access to U.S. investor funds. The previously unreported designations of the… 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 ›
Loopholes in Canadian real-estate law allows money laundering
According to a report from Transparency International (TI), loopholes in Canadian law are allowing a “corrupt elite” to use the housing market for laundering money. TI’s report found at least ten problem areas in law that deals with real estate… Read More ›
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