Category: Finance

LVMH becomes first European company to hit $500bn market value

French luxurious group LVMH on Monday grew to become the primary European firm to hit a $500bn market capitalisation, boosted by Chinese language customers’ urge for food for luxurious items following Beijing’s determination to elevate all coronavirus-related restrictions. Shares within the Paris-listed firm, whose manufacturers embody Louis Vuitton and Dior, edged up 0.3 per cent […]

ING sues China’s biggest bank over copper trading losses

China’s largest financial institution is being sued by Dutch lender ING for losses suffered in a batch of copper offers in a case that highlights the dangers of servicing the scandal-plagued world of commodity buying and selling. Amsterdam-based ING is claiming $170mn in damages from Industrial and Business Financial institution of China, alleging it breached […]

US banks on alert over falling commercial real estate valuations

US banks have gotten more and more fearful about falling industrial property valuations and the chance they pose to lenders’ stability sheets, senior executives mentioned this week. Workplace valuations particularly have been pummelled by rising rates of interest and plenty of staff’ choice for working from residence for the reason that coronavirus pandemic. Nevertheless, monetary […]

China lashes out against US-Philippines alliance

China has launched an pressing intervention towards the Philippines’ rising navy alliance with the US as Asian nations get dragged into the geopolitical rivalry between Beijing and Washington. On his first go to to Manila, Chinese language overseas minister Qin Gang on Saturday urged the Philippines to “proceed our conventional friendship . . . preserve our guarantees to one […]

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