China Renaissance Holdings saw its shares plummet by as much as 50 per cent on Friday (Feb 17) after the investment bank said that it was unable to contact its chairman and chief executive Bao Fan, in the latest disappearance of a top business executive. The disappearance of Bao, theContinue Reading
TOKYO: Japanese ministries said on Wednesday (Feb 15) that advertising giant Dentsu Inc and two other companies linked to a Tokyo 2020 Olympics corruption scandal will be unable to take part in bids for contracts for nine months. Prosecutors last week arrested an ex-Tokyo Olympic official and executives at theContinue Reading
Hanwang’s shares slumped nearly 6 per cent upon Friday after the business flagged business, investing, and earnings dangers at the request from the Shenzhen bourse plus disclosed that several major shareholders experienced reduced their buy-ins. Still, the share is up 65 % so far this 30 days. If a stockContinue Reading
The sanctions monitors said South Korea estimated that North Korean-linked hackers stole virtual assets worth US$630 million in 2022, while a cybersecurity firm assessed that North Korean cybercrime yielded cybercurrencies worth more than US$1 billion. “The variation in USD value of cryptocurrency in recent months is likely to have affectedContinue Reading
BEIJING: Former chairman of China Zheshang Bank is under investigation for suspected violations of law and discipline, an anti-graft watchdog in the eastern province of Zhejiang said on Monday (Feb 6). Shen Renkang, also former party chief of the joint-stock commercial bank based in Zhejiang, was removed from his managementContinue Reading
Western startup Aerwins Systems, which is selling the Star Wars-inspired US$555, 000 hoverbike, provides received approval to list on the NASDAQ in a merger with blank-check firm Pono Capital Corp, the maker said on Friday (Feb 3). Aerwins, that is taking orders for your XTurismo hoverbike with a motorcycle-like bodyContinue Reading
India’s Gautam Adani has lost more than Sam Bankman-Fried and already been wiped out almost as soon as Elon Musk, featuring the unique risks within India and inside his empire.Continue Reading
NEW DELHI: Financial contagion fears spread in India on Friday (Feb 3) as the Adani Group’s crisis worsened, with ratings agency Moody’s warning the conglomerate may struggle to raise capital and S&P cutting the outlook on two of its businesses. Chaotic scenes in both houses of India’s parliament led toContinue Reading
MUMBAI: Shares in the flagship company of beleaguered Native indian tycoon Gautam Adani were repeatedly suspended on Friday (Feb 3) as a rout triggered by accusations of accounting scams deepened. Adani Enterprises fell ten per cent at the open up and plunged by as much as 25 per centContinue Reading
MUMBAI: Shares in the flagship firm of beleaguered Indian tycoon Gautam Adani were repeatedly suspended on Friday (Feb 3) because the rout triggered by allegations of human resources fraud deepened. Adani Enterprises dropped 10 per cent on the open and stepped by as much as 25 percent at oneContinue Reading