BEIJING – China’s central bank on Friday said it had signed an agreement with the Maldivian authorities to strengthen trade and investment, as the debt-distressed Indian Ocean nation strives to avoid …
FINANCE
Wall Street wins in GOP stalemate on China
Corporate America is facing growing pressure from the right to cut ties with China, but a Capitol Hill stalemate between GOP China hawks and Wall Street-friendly Republicans is sparing industry from feeling more pain.
Beijing suspends PwC’s China unit for six months over Evergrande audit
China’s Ministry of Finance (MOF) on Friday imposed a six-month business suspension on PwC’s auditing unit in mainland China over its audit of troubled property developer China Evergrande Group, the …
China slaps PwC with record US$62.2 million fine, 6-month ban for Evergrande audit failures
Beijing wants to send a strong message to auditors about their role as gatekeeper, Hong Kong lawmaker Edmund Wong says.
PwC unit suspended for six months in mainland China over Evergrande audit
China’s Ministry of Finance (MOF) on Friday imposed a six-month business suspension on PwC’s auditing unit in mainland China over the auditing of Evergrande, the regulator said.
China suspends PwC for six months, fines firm $62 million over evergrande audit issues
Beijing has imposed a six-month ban and a $62.2 million fine on PricewaterhouseCoopers (PwC) following an audit that uncovered major financial misstatements at Evergrande Real Estate. This move is …
PwC unit suspended for six months in mainland China over Evergrande audit
China’s Ministry of Finance (MOF) on Friday imposed a six-month business suspension on PwC’s auditing unit in mainland China over the auditing of Evergrande, the regulator said.
Bank of Beijing aims for top cross-border services
The Bank of Beijing will enhance its cross-border financial services and make continuous efforts to become the top service provider in this field, said Huo Xuewen, chairman of the bank, at a forum …
Attempt to boost demand stifled by wall of austerity
Finance chiefs in Beijing are testing new ways to boost the economy by encouraging demand, breaking with long-established practice as threats to the country’s growth target mount.
U.S.-China financial imbalance tied to weak domestic economies: IMF report
Huge financial imbalances between the U.S. and China can be chalked up to weaknesses in each nation’s domestic economy — as opposed to being primarily driven by unfair Chinese trade practices, …
A CEO went missing. Then his bank got a mysterious bill for $11 million
The request for payment from unspecified Chinese authorities only deepens the mystery surrounding the whereabouts of Bao, who founded boutique investment bank China Renaissance in Beijing in 2005 and …
China’s weak oil demand isn’t serious issue: Portfolio manager
Oil (CL=F, BZ=F) prices surged in Wednesday’s trading session amid worries that Hurricane Francine would disrupt US production in the offshore region for an extended period. Tortoise senior portfolio …
Albemarle Stock Soars as Lithium Production Cuts in China Boost Market Outlook
Albemarle shares jumped Wednesday following reports that a large Chinese battery producer plans to scale back lithium production.
