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China Official Says Crackdown on Murky Conglomerates Isn't Over – BloombergQuint

BloombergQuint China Official Says Crackdown on Murky Conglomerates Isn't OverBloombergQuint(Bloomberg) — China's banking regulator vowed to take action against those who built large financial conglomerates through complex ownership structures and fraudulent capital injections, signaling last year's government crackdown on such entities is …and more » Source: Business and finance

Bitcoin Steadies From 26% Slump as Traders Brave Volatility – Bloomberg

Bloomberg Bitcoin Steadies From 26% Slump as Traders Brave VolatilityBloombergBitcoin held above $11,000 a day after losing a quarter of its value as traders sought a floor for pricing amid growing concern regulators around the world will move ahead with new rules to restrict the burgeoning cryptocurrency industry. The largest …and more » Source: Business and […]

Drugmaker's $15 Billion Rally in 11 Days Attracts New Bear Call – BloombergQuint

BloombergQuint Drugmaker's $15 Billion Rally in 11 Days Attracts New Bear CallBloombergQuint(Bloomberg) — After a 57 percent stock rally in 11 trading days this year, one analyst has decided that now is the time to give South Korea's Celltrion Inc. a sell rating. Nomura Securities Co. analyst Cara Song initiated coverage on both Celltrion …and […]

Pandora Braces for Showdown With Owners After Market Meltdown – BloombergQuint

Pandora Braces for Showdown With Owners After Market MeltdownBloombergQuint(Bloomberg) — Pandora A/S is preparing to face shareholders in person just days after a disappointing set of results wiped more than a tenth off the Danish jewelry maker's market value. Chief Executive Officer Anders Colding Friis and the departing …and more » Source: Business and finance

Tencent Cracks Down on Cheats in World's Top-Selling Video Game – BloombergQuint

BloombergQuint Tencent Cracks Down on Cheats in World's Top-Selling Video GameBloombergQuint(Bloomberg) — Tencent Holdings Ltd. is going after the cheaters that infest PlayerUnknown's Battlegrounds as it prepares to bring the world's top-selling game to China. Ahead of its debut this year, the biggest gaming company on the planet has …and more » Source: Business and finance

Crypto Hedge Funds Soar More Than 1000% as Bubble Debate Rages – BloombergQuint

BloombergQuint Crypto Hedge Funds Soar More Than 1000% as Bubble Debate RagesBloombergQuint(Bloomberg) — While most of the world's institutional investors watched from the sidelines as cryptocurrencies surged last year, a small group of hedge fund managers piled in. Call them visionaries or just plain lucky, but boy did they hit the jackpot …and more » Source: […]

Asia Stocks Rise; Yen Slips Amid Concern on Moves: Markets Wrap – BloombergQuint

BloombergQuint Asia Stocks Rise; Yen Slips Amid Concern on Moves: Markets WrapBloombergQuint(Bloomberg) — Asian equities' best start to a year since 2006 continued Tuesday as most bourses in the region pushed higher. The yen declined amid concern Japanese authorities may want to limit gains that pushed the currency to a four-month high. The …and more » […]

Wal-Mart said to revamp manager roles – The Malaysian Reserve

The Malaysian Reserve Wal-Mart said to revamp manager rolesThe Malaysian ReserveNEW YORK • A day after embarking on a pay hike, Wal-Mart Stores Inc is taking steps to shake up management at thousands of its stores. The world's biggest retailer is removing about 3,500 store co-managers, a salaried role that acts as a lieutenant …and […]

Chinese trade with North Korea dropped 50% last month – The Malaysian Reserve

The Malaysian Reserve Chinese trade with North Korea dropped 50% last monthThe Malaysian ReserveBy BLOOMBERG. BEIJING • China's trade with North Korea shrank by more than half last month, as Beijing implements United Nations (UN) sanctions against Kim Jong-un's nuclear weapons programme. The value of Chinese goods exported to North Korea last …and more » Source: […]

A $300 Billion Reason to Keep Drugs Cheap in India – BloombergQuint

BloombergQuint A $300 Billion Reason to Keep Drugs Cheap in IndiaBloombergQuint(Bloomberg Gadfly) — Global pharmaceutical companies have bemoaned for years India's capricious policies on prices and patents. Now the government needs billions of dollars for its "Make in India" program, why can't the industry get a fairer deal …and more » Source: Business and finance