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BEIJING: Chinese authorities plan to turn Ant Group into a financial holding company whose financial activities are put under stricter regulatory supervision in a move related to a month-long antitrust probe.
(Reuters) - Ant Group Co plans to spin off its consumer-credit data operations, people with knowledge of the matter said, a concession to aggressive regulators that should help the Chinese fintech giant get its massive public share sale back on track.
HONG KONG: HSBC Holdings Plc agreed to buy the remaining 50% stake in its Chinese life insurance venture as the Communist Party-ruled nation opens its financial markets, a sign Chief Executive Noel Quinn is pushing forward with a business overhaul even as he manages the fallout of the virus outbreak.
AIX-EN-PROVENCE, France (Reuters) - Assailed by social unrest and lagging in opinion polls, French President Emmanuel Macron has for now managed to cling on to a well of support from company leaders in France even as his reform push loses momentum.
BEIJING: A Chinese court sentenced a man to death for raping and killing a female passenger of ride-hailing company Didi Chuxing last year, while he was employed as a driver.
BEIJING (Reuters) - A Chinese court on Friday sentenced a man to death for raping and killing a female passenger of ride-hailing company Didi Chuxing last year, while he was employed as a driver.
PARIS (Reuters) - French President Emmanuel Macron appointed a former Green lawmaker as his new environment minister on Tuesday, hoping to inject new life into his rattled administration after a summer of problems and before another round of reforms.
HONG KONG: Chinese smartphone maker Xiaomi has picked Citic Securities, Goldman Sachs and Morgan Stanley as joint sponsors for its proposed IPO, IFR reported.
Chinese smartphone maker Xiaomi Inc has told bankers it would top its annual revenue target by as much as 18%.
TOKYO: Japan’s Sony Corp lifted its full-year operating income forecast on Tuesday, expecting to book its highest-ever profit due to strong sales of image sensors used in smartphones and other devices.