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Fired Chinese Insurance Regulator Charged With Bribery, Abuse of Power

Xiang Junbo was fired last April amid concerns the industry’s sizzling expansion had saddled the financial system with risk......»»

Category: topSource: wsjApr 16th, 2018

Chinese Insurance Regulator Pleads Guilty to Bribery Charges

China’s former chief insurance regulator confessed in court to charges he took bribes worth $3 million, paving the way for the sentencing of an official whose downfall symbolized Beijing’s battle against financial risk......»»

Category: topSource: wsjJun 14th, 2018

Anbang"s Wu Xiaohui Sentenced to 18 Years in Prison

Disgraced Chinese insurance magnate Wu Xiaohui was convicted of fraud and abuse of power connected with the meteoric rise of his company......»»

Category: asiaSource: wsjMay 10th, 2018

Malaysia"s Najib charged with abuse of power

Malaysia's Najib charged with abuse of power.....»»

Category: videosSource: videonewsindexJul 4th, 2018

California sues maker of Humira, says sales of blockbuster drug boosted through deceptive practices

California’s insurance regulator has accused.....»»

Category: topSource: latimesSep 18th, 2018

Maker of Humira boosted sales of blockbuster drug through deceptive practices, California regulator alleges

California’s insurance regulator has accused pha.....»»

Category: topSource: latimesSep 18th, 2018

Thunder Power EV receives China investment

Thunder Power EV, a China-based electric vehicle (EV) maker, has received CNY240 million (US$35.01 million) in investment from a Chinese government fund, according to Shen Wei, CEO of its parent company, Thunder Power Holdings......»»

Category: topSource: digitimesSep 18th, 2018

AbbVie shares fall after California insurance regulator sues company over alleged kickbacks - CNBC

CNBCAbbVie shares fall after California insurance regulator sues company over alleged kickbacksCNBCAbbVie shares fell almost 3 percent on Tuesday following a lawsuit by the California Department of Insurance alleging that the pharmaceutical com.....»»

Category: topSource: googlenewsSep 18th, 2018

Trump hits China with fresh tariffs, threatens more if Beijing retaliates

U.S. President Donald Trump escalated his trade war with Beijing, imposing 10 percent tariffs on about $200 billion worth of imports in a move one senior Chinese regulator said "poisoned" the atmosphere for negotiations......»»

Category: topSource: reutersSep 18th, 2018

Power Drain: Tesla Rival NIO Raises $1 Billion in Underwhelming IPO

Chinese electric-vehicle maker NIO priced its U.S. initial public offering near the bottom of its indicative price range, placing a $6.42 billion valuation on the Shanghai-based company that has billed itself as an emerging rival to Tesla......»»

Category: smallbizSource: wsjSep 12th, 2018

Chinese Life Insurance Company Is Near a 52-Week Low

The company has an attractive 3% forward dividend yieldRelated Stocks: LFC,.....»»

Category: blogSource: gurufocusSep 11th, 2018

NYT Says Op-Ed Investigation Would Be "Blatant Abuse Of Power"

Looks like the editors of the Grey Lady have been rattled by President Trump's threats. President Trump's demands that Attorney General Jeff Sessions investigate the New Yor.....»»

Category: blogSource: zerohedgeSep 8th, 2018

Bay Area mayors worry a high fee to leave PG&E would doom new city-operated utilities

The California Public Utilities Commission is considering two versions of an "exit fee" that would be charged to customers in San Jose and other localities that set up community-owned electric systems that could be cheaper and cleaner than PG&E power......»»

Category: topSource: bizjournalsSep 4th, 2018

Foreigners Love This Stock That China Investors Seem to Hate - Bloomberg

BloombergForeigners Love This Stock That China Investors Seem to HateBloombergFew Chinese companies divide the stock market like Ping An Insurance Group Co. The largest Chinese insurer by market valu.....»»

Category: topSource: googlenewsSep 4th, 2018

Trump"s pollution rules rollback to hit coal country hard

President Donald Trump picked West Virginia as the place to announce he'd roll back pollution rules for coal-fired power plants......»»

Category: topSource: foxnewsSep 3rd, 2018

Chinese billionaire Liu Qiangdong charged with criminal sexual misconduct - The Boston Globe

The Boston GlobeChinese billionaire Liu Qiangdong charged with criminal sexual misconductThe Boston GlobeChinese billionaire Liu Qiangdong, also known as Richard Liu, founder of the Beijing-based e-commerce site JD.com, was a.....»»

Category: topSource: googlenewsSep 3rd, 2018

George W. Bush, in eulogy for John McCain, celebrates McCain"s courage and how he "detested the abuse of power" and "swaggering despots"

Screenshot via ABC Former President George W. Bush spoke at the late Sen. John McCain's Saturday morning funeral service at the National Cathedral. Calling McCain "a man with a code," Bush described McCain's commitment to Ameri.....»»

Category: topSource: businessinsiderSep 1st, 2018

Chester manufacturing plant to get $150M upgrade

Kimberly-Clark Corp. announced plans to invest $150 million in its Chester manufacturing plant.  The funds will go into installing a natural gas-fired plant that will replace a coal-fired co-generation power plant as well as other infrastructure .....»»

Category: topSource: bizjournalsAug 31st, 2018

Utility to close coal power plants in Ohio, Pennsylvania

An Ohio-based energy company said Wednesday it is closing its last coal-fired power plants in Ohio and Pennsylvania, a move decried by the coal industry and called inevitable by environmentalists......»»

Category: topSource: foxnewsAug 30th, 2018

Why Coal Power Is Merkel’s Biggest Climate Challenge

The German government is deciding how quickly to close all the nation’s remaining coal-fired power plants, part of an effort to fulfill its pledges under the 2015 Paris Agreement on climate change. While environmentalists hope Europe’s biggest e.....»»

Category: topSource: washpostAug 29th, 2018

China ride-hailing giant Didi halts carpooling after killing

Chinese ride-hailing giant Didi Chuxing says it has fired two executives and will suspend its carpooling service nationwide from Monday after a woman was raped and killed by a driver in eastern China......»»

Category: topSource: foxnewsAug 26th, 2018