Shares in the property market, another set of old-economy companies, have also climbed, even though not all stocks in the sector have experienced the same boost. Share prices of property developer Vanke spiked 23.14 percent from Jun. 1 until Thursday, after mostly stagnating in the first four months of the year. Poly Real Estate has
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Ken James | Bloomberg | Getty Images Signage outside the offices of the California Public Employees’ Retirement System (Calpers) in Sacramento, California, U.S., on Sept. 13, 2010. The California Public Employees’ Retirement System (CalPERS) is in talks to outsource its private equity business to BlackRock, according to a person familiar with the matter. The largest
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Check out the companies making headlines after the bell: Equifax‘s stock fell more than 6 percent during extended trading after the credit reporting firm announced a cybersecurity incident could have potentially affected 143 million consumers in the U.S. The compromised data includes names, birth dates, social security numbers, addresses and potentially drivers licenses. Shares of
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A former Amazon financial analyst allegedly leaked the company’s earnings results to a former fraternity brother in exchange for $10,000, the Securities and Exchange Commission announced Thursday. The agency charged Brett Kennedy and Maziar Rezakhani with insider trading. It alleges Kennedy gave Rezakhani Amazon’s 2015 first-quarter earnings information while Kennedy was an employee at the
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The criticism in the Education Department letter echoes ongoing charges from other administration officials, congressional Republicans and the financial services industry that the agency and its director, Richard Cordray, operate with too much power and too little oversight. And as lawmakers are resuming their work in Washington this week following their month-long recess, multiple pieces
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The centre-right government has been keen to get Nordea to shift its headquarters to Helsinki, campaigning on Finland’s membership in the euro zone and the EU’s banking union, and predictable policy outlook. “Welcome to Finland Nordea HQ. Finland’s membership in the Banking Union provides a stable business environment,” Finland’s Finance Minister Petteri Orpo wrote on
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Cathal McNaughton | Reuters People gather in central Delhi for a protest against the government’s decision to withdraw 500 and 1000 Indian rupee banknotes from circulation, India November 28, 2016. India’s surprise move to ban several bank notes last November — aimed at rooting out illicit cash — appeared to have achieved the opposite of
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Private jet companies are seeing a surge in demand from wealthy Florida residents scrambling to leave before Hurricane Irma. With commercial flights booked or canceled, and the roads clogged with traffic, private jet companies said demand Wednesday and this week is shaping up to double or triple the usual demand. While this is normally a
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