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China's new bank loans fell to a 15-year low in July in what some analysts see as a sign of continued weakness in the economy. But others said investors "should not panic" as seasonality and regulations contributed to the unexpected slowness.
WELLINGTON, New Zealand (AP) — Kim Dotcom, founder of the once wildly popular file-sharing website Megaupload, lost a 12-year fight this week to halt his deportation from New Zealand to the U.S. on charges of copyright infringement, money laundering and racketeering.
Adani Group companies shed as much as $19 billion in market value on Monday after Hindenburg Research accused the Indian market regulator probing the group of having links to offshore funds also used by Adani.
China’s economic system is founded on the reforms carried out in the 1990s. With the unification of dual exchange rates in 1994, markets became the main tool to set prices. Many state-owned enterprises were either privatised or went bankrupt. Since then, privately managed businesses have consistently gained ground.
Shares of Adani Group companies fell Monday, after a new report from U.S. short seller Hindenburg accused the chair of India's capital markets regulator of having conflicts of interest that prevented an in-depth probe of fraud allegations.
BENGALURU -- Indian conglomerate Bharti Enterprises said Monday it plans to buy a 24.5% stake in BT, becoming the British telecom company's largest shareholder.
India's Bharti Enterprises said it would acquire a 24.5% stake in BT, worth about 3.2 billion pounds ($4 billion), buying out the British company's top investor, telecoms tycoon Patrick Drahi, as his Altice group struggles with high debts.
