Anbang Insurance Group Co has been asked by Chinese regulators to reduce its stakes in China Minsheng Banking Corp and China Merchants Bank Co to comply with new rules governing bank shareholdings, according to people familiar with the matter.
Hyundai Motorsport has registered its third victory of the 2017 FIA World Rally Championship (WRC), with Thierry Neuville and Hayden Paddon securing the team’s first 1-2 finish in WRC since the Rallye Deutschland 2014. Dani Sordo completed the rally in fourth place overall, making it the most succes
Turkey’s central bank kept its main interest rates steady yesterday, in line with market expectations, as it looks to balance double-digit inflation with President Tayyip Erdogan’s calls for cheaper credit.
Riyadh-based ACWA Power said it expects the first of four power generation companies owned by Saudi Electricity Co (SEC) will be offered to the market by the year-end, as the kingdom presses ahead with its overhaul of the state sector.
Action movie star Jackie Chan accepted an honourary Oscar on Saturday as Hollywood A-listers sounded a cautionary note over President-elect Donald Trump's victory in the polls.
Continuing my series of articles on the development of Qatar’s financial sector and its contribution to economic diversification...