Investors bet on state-backed developers as Chinese property begins recovery
By Li Gu and Summer Zhen SHANGHAI/HONG KONG (Reuters) – Investors betting on recovery in China’s battered property sector are favouring the stocks and bonds of state-backed firms that are more likely…
Japan’s state-backed JIC hires SMBC Nikko for potential Toshiba deal -sources
By Makiko Yamazaki and Kane Wu TOKYO/HONG KONG – State-backed Japan Investment Corp (JIC) has hired SMBC Nikko Securities as its financial adviser for its pursuit of a potential equity investment in…
Apple Stops Selling All Products In Russia, Drops State-Backed Media Apps
Apple announced Tuesday it would pause the sale of all products in Russia, citing the country’s invasion of Ukraine. “We are deeply concerned about the Russian invasion of Ukraine and stand with…
US Tech Companies Crack Down On Russian State-Backed Media Despite Kremlin Pressure
US Tech Companies Crack Down On Russian State-Backed Media Despite Kremlin Pressure Ailan Evans on February 28, 2022 American tech companies have taken steps to limit the spread of content from Russian…
Stellantis repays 6.3 billion euro Italy state-backed loan in advance
ROME – Carmaker Stellantis said on Friday its unit FCA Italy and other Italian subsidiaries had repaid a 6.3 billion euro ($7 billion) loan to Italy’s top lender Intesa Sanpaolo. The loan…
Stellantis ready to repay 6.3 billion euro Italy state-backed loan in advance- sources
MILAN – Stellantis is preparing to early repay a 6.3 billion euros ($7 billion) loan backed by Italian government its predecessor Fiat Chrysler obtained at the peak of a COVID-19 outbreak, two…
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