China’s $138 Billion Shadow Bank Spirals at Terrible Time for Xi
Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with
2023-08-15 09:17
China Shadow Banking Giant Alarms Investors With Missed Payments
One of China’s largest private wealth managers is triggering fresh anxiety about the health of the country’s shadow
2023-08-14 11:15
Odey in Talks With Landseer to Transfer Flagship Hedge Fund
Odey Asset Management is in talks with Landseer Asset Management UK to transfer portfolio manager Freddie Neave, who
2023-08-14 05:29
Chinese Trust Company Clients Say Wealth Product Payout Delayed
Two clients of Chinese trust company Zhongrong International Trust Co. said the firm delayed payment of maturing wealth
2023-08-13 13:52
In Search for Cause of Hawaii Fires, Lawyers Probe Power Lines
While the cause of the deadly Maui fires remains under investigation, lawyers are sending experts to the island
2023-08-13 06:22
Exxon Awarded $77 Million in Claim Against Venezuela
The World Bank arbitration court awarded $77 million to Exxon Mobil Corp. in a resubmitted claim worth $1.4
2023-08-12 06:27
Bankman-Fried in Custody After Bail Is Revoked Over Leaks
FTX co-founder Sam Bankman-Fried was taken into custody after a federal judge revoked his bail less than two
2023-08-12 04:28
Alibaba’s Revenue Beat Estimates in First Step of Comeback
Alibaba Group Holding Ltd.’s revenue beat expectations after its core e-commerce arm returned to growth, a big step
2023-08-10 18:55
Global Law Firm Retreats From China Ahead of Data Crackdown
Global law firm Dentons is splitting from its Chinese operations to comply with impending data regulations, one of
2023-08-09 13:53
Alibaba, Tencent’s $66 Billion Party Starts to Fade
China’s largest tech companies Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have gained $66 billion in market
2023-08-09 08:59
Tycoon Who Gave Away $750 Million Sees Profit in Loans to Poor
He built a fortune lending to low-income borrowers shunned by banks. He paid staff below-market wages and thought
2023-08-09 08:15
Huobi Gets $209 Million Injection From Justin Sun, Blockchain Firms Say
Crypto entrepreneur Justin Sun transferred more than $200 million of digital tokens to his exchange Huobi Global, according
2023-08-08 21:27