The United States issued an advisory warning U.S. companies of growing reputational risks of doing business with state-owned enterprises and military-controlled companies in Sudan. “These risks arise from, among other things, recent actions undertaken by Sudan’s Sovereign Council and security… Read More ›
On Wednesday, in a significant development, European Commission President Ursula von der Leyen told EU lawmakers in Strasbourg, the EU will ban three Russian state-owned broadcasters as part of its sixth sanctions package. “They will not be allowed to distribute… Read More ›
In a statement Australian Foreign Minister Marise Payn said, Canberra has imposed targeted financial sanctions on 14 Russian state-owned enterprises, including defence-related entities such as Kamaz, a truckmaker, and shipping companies SEVMASH and United Shipbuilding Corp. It has also extended… Read More ›
China’s Shimao Group, a property developer has joined smaller peer Agile Group to sell its stake in the Guangzhou complex to China Overseas Land & Investment, a state-owned partner in a move aimed at slashing its debt. Late on Monday, Shimao,… Read More ›
According to sources familiar with the matter at hand, China Evergrande’s offshore bondholders have yet to receive their due coupon payment by the close of Asia business on Wednesday, despite the cash strapped Chinese developer reaching a $1.5 billion debt… Read More ›
In a statement Nigerian President Muhammadu Buhari said, he had appointed a board for state-oil firm NNPC and directed that it should be incorporated within six months. The move is likely to allow NNPC to sell shares in the future…. Read More ›
In a statement, China aviation regulator said, its first narrowbody jet, the C919 will be delivered to its launch customer, China Eastern Airlines and that it is about to enter final assembly. Deliveries will commence before the end of the year…. Read More ›
In a statement property developer Limitless said, it is close to signing an agreement with creditors over around $760 million of troubled debt, marking its third restructuring in a decade. Dubai state-owned Limitless along with Nakheel, was among the biggest… Read More ›
On Monday, in a statement state-owned Shanghai Securities News said citing a central bank official, with high-carbon industries pulling out of China is likely to lead to a possible re-evaluation of invested financial resources; it is also likely to strengthen… Read More ›
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