Category: News
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Shares Of Macau Casino Dropped As A Result Of The Arrests
Macau casino stock dropped on Monday, bounced by the detentions of 11 people over claimed cross-border betting and financial fraud connections, with the creator of the gaming hub’s largest junket provider suspected to be among those held in custody. MGM China (2282.HK) dropped 11%, Wynn Macau (1128.HK) dropped 9%, and Sands China (1928.HK) dropped 6%…
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China Demands That Didi Be Removed From The US Exchanges Due To Security Concerns
Due to data security fears, Chinese authorities have inquired top leaders at Didi Global Inc (DIDI.N) to come up with a plan to de-list from the New York Stock Exchange. According to folks familiar with the issue, Chinese authorities have asked Didi Global Inc.’s leading executives to come up with a plan to disband from…
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The Price Of Brent Oil Is Expected To Reach $80 In 2022, According To Barclays
Barclays (LON:BARC) raised its oil price forecasts for 2022 on Tuesday, noting a faster-than-expected inventory decline and a conservative supply reaction as justifications. The bank boosted its Brent and West Texas Intermediate (WTI) average price forecasts for 2022 by $3 to $80 and 77 per barrel, respectively. Brent Crude prices are expected to average $80…
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Toshiba Stockholder Opposes The Split And Wants The Board To Consider Proposals
On Wednesday, Toshiba Corp’s second-largest shareholder opposed the Japanese company’s decision to break itself into three businesses, instead urging it to seek offers from potential purchasers. In a three-page letter to Toshiba’s board, investment fund 3D Investment Partners, which controls more than 7% of the business, laid out its reservations, becoming the first large shareholder…
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C.P. Group And Telenor Group Plan To Combine Thai Telecom Units In Order To Form A New Telecom-Tech Company
C.P. Group and Telenor Group have agreed to examine the formation of a new telecom-tech business that includes True and DTAC. With the assistance of its important sponsoring shareholders, the new firm will be a merger of equals, bringing the best of the two local companies together. Telenor (TEL.OL) of Norway and Charoen Pokphand Group…