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Bloomberg Even by the volatile standards of Chinese stocks, the swings in Didi Global were extraordinary. In the span of just a few hours, shares of the ride-hailing giant flipped from a 16% gain to a 12% loss, bounced back into positive territory, then turned lower yet again. And that was all before the opening bell in New York. By ...

Bloomberg Bain Capital and Baring Private Equity Asia are among firms considering bids to acquire an outsourcing business from their private equity rival Carlyle Group Inc, according to people familiar with the matter. A sale of VXI Global Solutions is entering the final stages and a buyer could emerge as early as in the coming weeks, the people said, asking ...

Bloomberg SoftBank Group Corp extended a six-day slump with another drop of as much as 9% in Tokyo as key companies in its portfolio delivered further bad news. Chinese ride-hailing giant Didi Global Inc began preparations to withdraw from US stock exchanges, shortly after the US Federal Trade Commission sued to block SoftBank’s sale of Arm Ltd to Nvidia Corp ...

Bloomberg Trust firms that have issued at least $5 billion in high-yield products linked to China Evergrande Group are bracing for a cascade of losses after the cash-strapped developer said it may no longer be able to meet its financial obligations. At least three firms, including Citic Trust Co, China Foreign Economy and Trade Trust Co and National Trust, notified ...

Bloomberg Myanmar’s military regime reduced Aung San Suu Kyi’s jail term to two years after a special court found her guilty in her first trial since her ouster in a February coup and sentenced her to four years in prison, according to a statement on the state broadcaster MRTV. Suu Kyi will serve her sentence at her current location thus ...

Dubai / WAM In the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the UAE government announced the launch of the UAE Railways ...

Dubai / WAM DP World’s flagship Jebel Ali hub including Jebel Ali Port and Jebel Ali Free Zone (Jafza) will highlight the growth prospects in the sector and their competitive offerings with their participation in the 15th edition of Gulf Petrochemicals and Chemicals Association (GPCA) Annual Forum from December 7-9. The forum serves as a vital platform for the chemical ...

ERBIL / WAM Ahmed Al Dhaheri, UAE Consul-General to the Kurdistan Region of Iraq, and Kwestan Mohamad Abdulla Maarouf, Minister of Labour and Social Affairs of Kurdistan, discussed several issues of common interest and coordination regarding social projects implemented by the UAE in Kurdistan. Maarouf extended her appreciation to the UAE, its leadership, its charitable institutions (Emirates Red Crescent and ...

Abu Dhabi / WAM Abu Dhabi National Insurance Company (Adnic), one of the leading regional multi-line insurance providers for corporates and individuals, has extended its partnership with Al Bayt Mitwahid Association for a year. A non-profit organisation dedicated to celebrating unity and promoting a culture of giving, Al Bayt Mitwahid provides an open platform for UAE communities to take part ...

Bloomberg One of the few funds to predict Beijing’s clampdown on education companies is doubling down on its bets on China’s solar companies. Ken Xu, Hong Kong-based chief investment officer at Strategic Vision Investment Ltd, withdrew from tutoring stocks in March after noting that state-backed media outlets and policy makers were echoing angst among parents about the societal impact of ...