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Business Highlights

___ White House grades states’ infrastructure as it pushes bill WASHINGTON (AP) — President Joe Biden wants Congress to know he’s sincere about cutting a deal on in...

Chinese regulator orders Ant Group to conduct major overhaul

HONG KONG (AP) — Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid step...

Alibaba shrugs off $2.75 billion antitrust fine, shares rally

SHANGHAI (Reuters) -Alibaba does not expect any material impact from the antitrust crackdown in China that will push it to overhaul how it deals with merchants, its CEO said on Monday, after regulator...

Asia off to cautious start ahead of earnings, US data

SYDNEY (Reuters) - Asian shares started cautiously on Monday as investors wait to see if U.S. earnings can justify sky-high valuations, while bond markets could be tested by what should be very strong...

China's antitrust regulator bulking up as crackdown on behemoths widens

BEIJING/HONG KONG (Reuters) - China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behaviour, especially among the country&rs...

China regulators fine Alibaba $2.75 billion for anti-monopoly violations

Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan ($2.75 billion) for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever antitrust f...

Alibaba fined $2.8 billion on monopoly charge in China

BEIJING (AP) — Chinese regulators have fined giant e-commerce giant Alibaba 18.3 billion yuan ($2.8 billion) on charges of violating anti-monopoly rules. The ruling Communist Party i...

Chinese regulator fines e-commerce giant Alibaba $2.8 billion on charges of violating anti-monopoly rules

BEIJING (AP) — Chinese regulator fines e-commerce giant Alibaba $2.8 billion on charges of violating anti-monopoly rules.

China: Alibaba fined $2.8 billion over anti-monopoly violations

Chinese e-commerce giant Alibaba was fined 18.2 billion yuan ($2.78 billion, €2.3 billion) by regulators on Saturday for violating anti-monopoly rules, state-run media reported. The State Admini...

China halts new enrollments at business school backed by Jack Ma: FT

Beijing authorities have forced an elite business school backed by Alibaba Group Co Ltd founder Jack Ma to halt enrollments, the Financial Times said on Friday (April 9), citing sources familiar with ...

Overseas Tokyo ticket holders may get only partial refunds

TOKYO (AP) — Many fans living outside Japan who bought Tokyo Olympic tickets from brokers — so-called Authorized Ticket Resellers — will not get full refunds. And they may have a long wait to get any ...

Business Highlights

___ Dominion Voting sues Fox for $1.6B over 2020 election claims WASHINGTON (AP) — Dominion Voting Systems has filed a $1.6 billion defamation lawsuit against Fox N...

China erasing H&M from internet amid Xinjiang backlash

HONG KONG (AP) — H&M disappeared from the internet in China as the government raised pressure on shoe and clothing brands and announced sanctions Friday against British officials in a spiraling fi...

CIFI’s total profit grew by 28.7% to RMB11.9 billion in 2020

CIFI Group Announces 2020 Annual Results Total profit grew by 28.7% to RMB11.9 billion exceeding RMB10 billion for the first timeCore net profit to equity owners of the Company increased by 16.3%...

Asian markets mixed after tech sell-off on Wall St

BANGKOK (AP) — Shares were mixed in Asia on Thursday, as Chinese benchmarks stalled on concerns over big companies that might lose their listings on U.S. exchanges. Tokyo's Nikkei 2...