Exclusive: Chinese regulatory probe delays approval for Ant’s IPO, sources say

HONG KONG/BEIJING – China’s securities regulator is probing a potential conflict of interest in fintech giant Ant Group’s planned $35 billion stock listing, delaying approval for what could be the world’s largest IPO, three people with direct knowledge of the matter said. The China Securities Regulatory Commission (CSRC) is looking into the role of Alipay, […]

Continue Reading

Walt Disney restructures entertainment businesses to boost streaming

Walt Disney Co said on Monday it had restructured its media and entertainment businesses to accelerate growth of Disney+ and other streaming services as consumers increasingly gravitate to digital viewing. Disney is focusing on streaming in new shake-up Under the reorganization, Disney will separate the development and production of programming from distribution to be more […]

Continue Reading

EU to win right to tariffs on $4 billion in U.S. goods in WTO Boeing case

BRUSSELS/PARIS/WASHINGTON – The European Union on Tuesday won the right to impose tariffs on $4 billion of U.S. goods in retaliation against subsidies for planemaker Boeing BA.N – deepening a record trade spat that has already prompted Washington to slap duties on EU imports. The World Trade Organization tariff award, which confirms a decision first […]

Continue Reading