Friday, February 23, 2018

China seizes control of deal-hungry insurer Anbang

Chinese authorities say they are prosecuting the chairman of the Chinese insurance firm that owns New York's Waldorf Astoria, accusing him of "economic crimes."
CNNMoney Markets Now
 
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News: What you need to know about the markets
 
 
China seizes control of deal-hungry insurer Anbang
Chinese authorities say they are prosecuting the chairman of the Chinese insurance firm that owns New York's Waldorf Astoria, accusing him of "economic crimes." Read more »
 
China's big conglomerates are no longer buying up the world
Some of China's biggest companies are now much more focused on selling international assets rather than buying them. Read more »
 
3M and H&M probe claim they used Chinese prison labor
Three big companies are investigating allegations that prisoners in China made packaging bearing their brand names. Read more »
 
A decade at RBS: $81 billion lost; $1 billion made
Royal Bank of Scotland is making money again after nine years and $81 billion in losses, but investors are worried about a looming US fine for selling toxic mortgages. Read more »
 
Can Amazon shares maintain momentum?
Despite Amazon's seemingly unstoppable growth, D.A. Davidson's Tom Forte points out where there's room for improvement. Read more »
 
Treasury secretary says we can get paid more and prices won't rise. Well...
Treasury Secretary Steven Mnuchin said wages can rise without sparking inflation. Economists say Mnuchin's comment is true only in a perfect setting. In the current reality, wages and inflation will likely move in tandem, they say. Read more »
 
 
 
 
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