Credit Suisse Chairman Resigns in Wake of Internal Probe

Axel Lehmann will take over the post as chairman.

Government Wary As WHO Confirms Omicron Community Spread

With Omicron cases rising in India Dr. V.K. Paul, a member, NITI Aayog, expressed concern that available vaccines may become ineffective against emerging variants.

Mark Cuban Buys a Small Town in Texas, Just Because

The billionaire just bought the entire town of Mustang, Texas — a blip on the map off I-45, with a population of 21 people.

Asian Shares Mixed After Broad Rally on Wall Street

Stocks were mixed in Asia on Friday after a broad rally on Wall Street as investors kept an eye on the spread of the new coronavirus variant and measures governments are taking to restrain it. Hong Kong slipped more than 1% while Tokyo edged lower. Shanghai and Seoul were higher while Sydney was nearly unchanged. […]

China App Giant Didi Plans US Stock Market Exit in Move to Hong Kong

The firm has come under intense pressure since its US debut in July. Within days of the initial public offering (IPO), Beijing announced a crackdown on technology companies listing overseas. Earlier on Thursday the US market watchdog unveiled tough new rules for Chinese firms that list in America. “Following careful research, the company will immediately […]

China Easing Rules for US Business Travellers, Approvals in 10 Days

China will cut to no more than 10 days the time required for approval of travel by U.S. business executives, its ambassador to the United States said on Thursday, promising to turn “an attentive ear” to concerns raised by businesses. Qin Gang, who arrived in the United States in July, told a dinner hosted by […]

US-Based TFCC To Invest $4.14 Bn in Chennai Chemicals Company

Ramcharan Co has the technology to convert unsegregated waste into energy In one of the biggest fundings in the Indian chemical sector, the US-based TFCC International has announced an investment of $4.14 billion in Chennai-based Ramcharan Co Pvt Ltd for a 46 percent equity. This values the little-known company — which is into deep-tech, end-of-life […]

US Giant Enron Filed for Bankruptcy 20 Years Ago: Collapse That Ruined Lives, Revealed Dark Side of Business

The fall of Enron then ranked as the seventh-largest company in the United States, affected thousands of employees and shook Wall Street to its core.