Month: August 2023

Reuters exclusively reported that Beijing has asked law firms to tone down the language used to describe China-related business risks in Chinese companies’ offshore listing documents, warning failure to do so could cost them regulatory green light for the IPOs.  The post Beijing pushes for toning down of China risks in IPO prospectuses appeared first […]

Reuters exclusively reported that Romania’s Constanta port, Ukraine’s main alternative route for grain since Russia’s withdrawal led to the collapse of the Black Sea shipment deal, has capacity to handle extra cargoes until mid-August.  The post Romanian port can ship more Ukraine grain after collapse of Black Sea deal appeared first on Reuters News Agency.

Reuters exclusively reported that Poland’s Naftoport oil terminal is set for another year of record volumes and plans to build a new jetty for supertankers as Moscow’s decades-long dominant supplier role in Poland and eastern Germany comes to an end. The post Polish terminal set from 50% volume jump as Russian oil ditched appeared first […]

Reuters exclusively reported that one of the world’s top insurers is considering a private sale or stock market listing of its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes. The post AXA weighs offloading $2 billion reinsurance arm to cut disaster risk appeared first on Reuters News Agency.

Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul of the fintech company and marking a key step to concluding a crackdown on the country’s internet sector. Ant’s penalty comes at a time when Chinese authorities are keen to boost private sector confidence as […]