Post Tagged with: "companies"

Anbang explores sale of Manhattan office tower, Chinese insurer as it unwinds overseas acquisitions

Anbang explores sale of Manhattan office tower, Chinese insurer as it unwinds overseas acquisitions

Anbang Insurance Group, which symbolised the era of mega-acquisitive Chinese companies that later had to reverse their buying binges, is continuing to whittle down its empire. The Beijing-based conglomerate is exploring the sale of the Manhattan office building that houses its US headquarters, according to people with knowledge of the […]

Neither fat finger nor manipulation responsible for US$41 billion flash crash, says Singapore Exchange

Neither fat finger nor manipulation responsible for US$41 billion flash crash, says Singapore Exchange

What was shaping up to be a ho-hum market open in Singapore suddenly became the most dramatic session in years, with a haphazard spree of sell orders?causing a US$41 billion crash in the city?s biggest stock on Thursday. Jardine Matheson Holdings, the flagship investment firm of a 186-year-old conglomerate that […]

Chinese consortium sees off Hong Kong rivals in ferocious bidding war for prime Shanghai commercial land, ending their stranglehold

Chinese consortium sees off Hong Kong rivals in ferocious bidding war for prime Shanghai commercial land, ending their stranglehold

A Chinese consortium has outbid Hong Kong developers in a ferocious bidding war for a much coveted plot of commercial land in the heart of Shanghai. The group led by China Resources Land paid a record-breaking price for the plot after winning a bitterly contested auction that lasted for more […]

The Brexit debate is too important to be sidetracked by the red herring of Dyson?s move to Singapore

The Brexit debate is too important to be sidetracked by the red herring of Dyson?s move to Singapore

The announcement a few days ago that Dyson ? one of Britain?s leading, innovative and most successful businesses with annual sales of over ?4 billion (US$5.25 billion) ? was moving its head office from the UK to Singapore, was big news not only in the UK but throughout Asia. Dyson […]

Supreme Court upholds bankruptcy code, setback for defaulters

Supreme Court upholds bankruptcy code, setback for defaulters

MUMBAI: The Supreme Court on Friday rejected petitions challenging the country‘s bankruptcy laws, including a rule that bans owners of insolvent firms from bidding to buy back assets auctioned as part of the bankruptcy proceedings. The ruling upheld fledgling bankruptcy and insolvency rules and is expected to pave the way […]