Tag Archives: Tycoon

The European Union has lifted sanctions against a Russian technology tycoon, in a rare break from a policy of punishing the country’s elites for the invasion of Ukraine. Arkady Volozh, who co-founded Russia’s largest tech company, Yandex, was taken off the list of sanctioned individuals after condemning the invasion of Ukraine and taking public steps to sever ties to Russia. The decision was announced in a document published by the European Council on Wednesday. Mr. Volozh is one the most… Source link

Russia’s announcement that it is suspending its participation in a Black Sea grain export deal requires a strong international response from the United Nations and the Group of 20 (G20) major economies, Ukrainian President Volodymyr Zelenskiy said on October 29. “This is a completely transparent attempt by Russia to return to the threat of large-scale famine for Africa, for Asia,” Zelenskiy said in a video address, adding that Russia should be kicked out of the G20. “Why can a handful of… Source link

Russia’s announcement that it is suspending its participation in a Black Sea grain export deal requires a strong international response from the United Nations and the Group of 20 (G20) major economies, Ukrainian President Volodymyr Zelenskiy said on October 29. “This is a completely transparent attempt by Russia to return to the threat of large-scale famine for Africa, for Asia,” Zelenskiy said in a video address, adding that Russia should be kicked out of the G20. “Why can a handful of… Source link

(Bloomberg) — By 2:08 p.m. Shanghai time on March 8, it was clear that Xiang Guangda’s giant bet on a fall in nickel prices was going spectacularly wrong. Most Read from Bloomberg Futures had just skyrocketed above $100,000 a ton and his trade was more than $10 billion underwater. It was threatening not only to bankrupt Xiang’s company, but to trigger a Lehman Brothers-like shock through the entire metals industry and possibly topple the London Metal Exchange itself. But Xiang was calm…. Source link

Rongtong Fund Management, which was once part of Xiao Jianhua‘s Tomorrow Group, has unveiled a management reshuffle, marking its official exit from the missing Chinese magnate’s embattled financial empire. Zhang Wei was named Rongtong’s chairman on Friday, taking over from Gao Feng who resigned citing personal reasons after seven years in the position, according to a statement issued by the asset management firm. Zhang is also the chairman of New Times Securities, which owns Rongtung, and was… Source link

Pinduoduo founder Colin Huang The founder of high-flying Chinese e-commerce group Pinduoduo has stepped down unexpectedly as chairman. Colin Huang is China’s seventh richest person and is worth more than $50bn from his stake in the online firm. Mr Huang’s exit comes as Pinduoduo overtook rival tech giants JD.com and Alibaba with 788m annual active buyers on its platform last year. But his company has been criticised for its work culture following the death of two employees recently. Mr Huang will… Source link

TipRanks 3 Monster Growth Stocks That Could Reach New Highs Every investor knows that you can’t look to a stock’s past performance as predictor of future gains. It’s become axiom, even, one of the stock phrases that we all learn about in Econ 101: ‘Past performance does not guarantee future returns’ is common formulation. But that simple phrase, while true, raises a tough question: How should an investor judge a stock? The truth is, past is prologue, not prophet, and investors can… Source link