Beijing pressures Alibaba into liquidating media shares at 2.3 billion yuan loss

China 09/28/21, 20:22

A communist dictatorship forced a multinational e-commerce company into making a very unprofitable transaction on Sept. 23. The Chinese Communist Party (CCP) allegedly pressured Alibaba Group into disposing its shares in Mango Excellent Media (MEM), swiftly ending the company's first class-A shareholding. "[MEM received] a letter of recommendation on a request to ...

Airbus shares drop on report of US corruption investigation

Business 12/20/18, 08:56

Airbus shares are sinking on a French news report that the U.S. Department of Justice has opened an official investigation into alleged corruption by the European plane-maker.British and French authorities were already investigating alleged fraud and bribery related to Airbus' use of outside consultants in commercial plane sales. Airbus has ...

Asia shares mixed ahead of Trump-Xi meeting at G-20 summit

Business 11/30/18, 01:53

Share prices were mixed Friday in Asia ahead of the planned meeting by Presidents Donald Trump and Xi Jinping at the Group of 20 major economies summit this weekend. KEEPING SCORE: Japan's Nikkei 225 index climbed 0.4 percent to 22,351.06 and the Hang Seng in Hong Kong added 0.5 percent to ...

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