Chinese companies trading on U.S. stock exchanges may face tighter scrutiny as the Securities and Exchange Commission (SEC) seeks to update decades-old rules on foreign private issuers (FPIs), a move that could further test deteriorating China-U.S. relations.
The surge in foreign companies, particularly from China, leveraging offshore tax havens to list on U.S. exchanges has made it more difficult for American regulators to oversee them, as their FPI status gives them exemptions from the same disclosure requirements as their domestic counterparts.
£12M commitment for disaster risk finance will enable faster responses to climate shocks in vulnerable countries and reduce recovery costs.UK financial institutions mobilised to channel private investment
United States President Donald Trump’s executive order to establish a Bitcoin strategic reserve and a stockpile of other digital assets has failed to impress crypto markets, with Bitcoin’s value
Despite Governor Ferguson’s hemming and hawing, state lawmakers are advancing a wealth tax that could raise billions to fully fund public schools and avert a budget crisis.President and convicted
The European Public Prosecutor’s Office (EPPO) carried out 25 searches and other investigative measures in six countries on January 17, in an action targeting a suspected 19 million euro VAT fraud,