Just 18 months ago, Tencent Holdings Ltd. was on the cusp of becoming Asia’s second trillion-dollar company, as Chinese internet giants carried the fight for dominance to their US rivals.
The water level on the Rhine River at the key waypoint of Kaub dropped to a critical 40 centimeter (15.75 inch) mark as Europe’s blistering summer shrivels the artery.
Activist investor Jonathan Litt has built a new position in Apartment Investment & Management Co. and has met with management to discuss ways to improve value for shareholders, including exploring a sale of the real estate investment trust, according to people familiar with the matter.
Five of China’s largest state-owned companies announced plans to delist from US exchanges as the two countries struggle to come to an agreement allowing American regulators to inspect audits of Chinese businesses.
Sanctions over Russia’s invasion of Ukraine have forced it to divert oil sales and triggered an exodus of multinationals.
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