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Vingroup founder Pham Nhat Vuong plans to give at least $1 billion more from his personal wealth to the company’s EV maker unit VinFast Auto Ltd. to fund its global expansion, he said at Vingroup’s shareholders’ meeting in Hanoi.
Investors are looking for the next policy domino to fall in Asia amid an escalating campaign against a resurgent dollar, after Indonesia used a surprise interest rate hike to defend the rupiah.
When it comes to Chinese real estate, John Lam is a lone wolf.
Analysts upgraded their forecast for China’s growth this year after a better-than-expected performance in the first quarter — but they see more signs that the world’s second-biggest economy will struggle to escape from deflationary pressures.
A rash of failures of A-rated insurers points to a hidden weakness in the market, researchers say.
Jul 20, 2021
, Bloomberg News
(Bloomberg) -- Colony Capital founder and Trump ally Tom Barrack, who was charged on Tuesday with illegally lobbying on behalf of the United Arab Emirates, will remain in federal custody pending a July 26 bail hearing in Los Angeles.
Barrack was arrested in California earlier on Tuesday on charges unsealed the same day by federal prosecutors in Brooklyn, New York. At his initial court appearance in Los Angeles, the government asked that Barrack be denied bail as a flight risk, given his immense wealth and overseas contacts, and be transported to New York to face charges. A federal magistrate judge set a hearing on the issue for Monday.
©2021 Bloomberg L.P.
