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China hits PwC with six month ban and large fine in record penalty over Evergrande audit

UPDATE 6-China hits PwC with six month ban and large fine in record penalty over Evergrande audit China's finance ministry imposes six-month ban on PwC Zhong Tian Securities regulator finds PwC helped cover up Evergrande fraud Both regulators impose total fine of $62 mln on PwC Zhong Tian Adds comment from PwC Zhong Tian in paragraph 6 By Julie Zhu and Xie Yu HONG KONG, Sept 13 (Reuters) - Chinese regulators hit PwC's mainland China unit with a six-month suspension and a record fine of 441 milli
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China Policy Watch-Affirmative action ahead

BUZZ-COMMENT-China Policy Watch-Affirmative action ahead Sept 13 (Reuters) - President Xi Jinping on Thursday ramped up pressure on local governments to help achieve Beijing's GDP target for 2024. That sets the stage for more stimulus measures, and an anticipated cut in banks' reserve requirement ratio , possibly before China's Mid-Autumn festival break.
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China's Ant Group refinancing $6.5 bln credit line

China's Ant Group refinancing $6.5 bln credit line Sept 12 (Reuters) - China's Ant Group 688688.SS , backed by Alibaba founder Jack Ma, is refinancing a credit line of $6.5 billion, a company spokesperson said on Thursday. This was a refinancing of an existing syndicated bank credit line from 2019, the spokesperson added. Reporting by Deborah Sophi
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China stocks slip to six-year closing low; consumer-related shares drag

China stocks slip to six-year closing low; consumer-related shares drag Updates to market close SHANGHAI/HONG KONG, Sept 12 (Reuters) - China's stocks slid to their lowest close in nearly six years on Thursday, dragged down by consumer-related shares, as sentiment remained weak ahead of the holidays and investors were awaiting a slew of economic data for further catalysts.
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Buyout firm EQT explores $2 bln sale of Banking Circle, sources say

Buyout firm EQT explores $2 bln sale of Banking Circle, sources say By Milana Vinn, Amy-Jo Crowley and David French Sept 11 (Reuters) - Private equity firm EQT EQTAB.ST is exploring a sale of its majority stake in Banking Circle, hoping any deal would value the payments processor at more than $2 billion, including debt, several people familiar with the matter said.
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A billionaire farmer fights his jailing as tycoons face crackdown in China

SPECIAL REPORT-A billionaire farmer fights his jailing as tycoons face crackdown in China By David Lague HONG KONG, Sept 10 (Reuters) - In a handwritten submission from his prison in rural northern China, billionaire pig and chicken farmer Sun Dawu implored the court to hear his appeal. He was serving an 18-year sentence on charges including corruption.
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Alibaba's Hong Kong shares jump on joining stock connect scheme

BUZZ-Alibaba's Hong Kong shares jump on joining stock connect scheme ** Hong Kong shares of Chinese e-commerce giant Alibaba Group 9988.HK jump 5.2% to HK$82.35, their highest since Aug. 26, and on track to snap two straight sessions of falls ** Stock biggest pct gainer in the Hang Seng Index .HSI and the Hang Seng China Enterprises Index .HSCE ; s
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Alibaba Announces Inclusion Of Ordinary Shares In Shanghai-Hong Kong Stock Connect Program

BRIEF-Alibaba Announces Inclusion Of Ordinary Shares In Shanghai-Hong Kong Stock Connect Program Sept 9 (Reuters) - Alibaba Group Holding Ltd 9988.HK : INCLUSION OF ITS ORDINARY SHARES IN SHANGHAI-HONG KONG STOCK CONNECT AND SHENZHEN-HONG KONG STOCK CONNECT PROGRAMS Further company coverage: 9988.HK
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Alibaba.Com And Mastercard Team Up To Launch U.S. Co-Branded Business Credit Card Powered By Cardless

BRIEF-Alibaba.Com And Mastercard Team Up To Launch U.S. Co-Branded Business Credit Card Powered By Cardless Sept 5 (Reuters) - Alibaba.com: ALIBABA.COM AND MASTERCARD TEAM UP TO LAUNCH U.S. CO-BRANDED BUSINESS CREDIT CARD POWERED BY CARDLESS ALIBABA.COM: NEW CREDIT CARD WILL ENABLE CO'S BUYERS IN U.S. TO EARN REWARDS ON ALL PURCHASES IN FORM OF CAS
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U.S. STOCKS Autodesk, Gap, BioCardia

BUZZ-U.S. STOCKS ON THE MOVE-Autodesk, Gap, BioCardia Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes rose on Friday and were set for monthly gains after a key inflation report reiterated moderating price pressures, cementing bets for an interest-rate cut at the U.S.
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U.S. STOCKS Primerica, Affirm Holdings, 3D Systems

BUZZ-U.S. STOCKS ON THE MOVE-Primerica, Affirm Holdings, 3D Systems Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 The Nasdaq and the S&P 500 inched up in choppy trading on Friday ahead of a long weekend, after signs of moderating price pressures, strengthened bets for an interest-rate cut at the U.S.
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U.S. STOCKS Alnylam Pharmaceuticals, Emergent BioSolutions, Talos Energy

BUZZ-U.S. STOCKS ON THE MOVE-Alnylam Pharmaceuticals, Emergent BioSolutions, Talos Energy Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes were set for a higher start on Friday after a key inflation report reiterated that price pressures were moderating, cementing bets for an interest-rate cut at the Federal Reserve's upcoming meeting in September.
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U.S. STOCKS Intel, Dell, Intuitive Machines

BUZZ-U.S. STOCKS ON THE MOVE-Intel, Dell, Intuitive Machines Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures edged up on Friday ahead of a crucial inflation report that could influence investor expectations about the extent of the central bank's interest-rate cuts this year.
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China stocks extend losses while HK declines as consumer firms weigh

China stocks extend losses while HK declines as consumer firms weigh Updates to market close By Summer Zhen HONG KONG, Aug 28 (Reuters) - China's blue-chip stocks logged a third day of losses, while Hong Kong dropped on Wednesday, as disappointing interim results from beverage and restaurant companies highlighted the country's deflation risks. ** Shares of Nongfu Spring 9633.HK , China's largest bottled water supplier, slumped more than 10% after the firm posted much slower profit growth for the
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China, Hong Kong stocks decline weighed down by consumer firms

China, Hong Kong stocks decline weighed down by consumer firms By Summer Zhen HONG KONG, Aug 28 (Reuters) - China and Hong Kong stocks dropped on Wednesday, as disappointing interim results from beverage and restaurant companies highlighted deflation risks. ** Shares of Nongfu Spring 9633.HK , China's largest bottled water supplier, slumped 12% after the firm posted a much slower profit growth for the first half amid a fierce domestic price war, dragging down Hong Kong's Hang Seng Index.
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Alibaba Group Says Now A Dual Primary Listed Company On HK Stock Exchange

BRIEF-Alibaba Group Says Now A Dual Primary Listed Company On HK Stock Exchange Aug 28 (Reuters) - Alibaba Group Holding Ltd 9988.HK : VOLUNTARY ANNOUNCEMENT DUAL PRIMARY LISTING ON MAIN BOARD OF STOCK EXCHANGE OF HONG KONG LIMITED NOW A DUAL PRIMARY LISTED COMPANY ON HONG KONG STOCK EXCHANGE AND NEW YORK STOCK EXCHANGE VOLUNTARY CONVERSION OF SECO
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China's JD.com announces $5 bln share buyback plan

UPDATE 2-China's JD.com announces $5 bln share buyback plan Adds quarterly results, competitive landscape and recent share moves in paragraphs 5-7, previous buybacks in paragraph 4. Aug 27 (Reuters) - JD.com 9618.HK said on Tuesday its board has approved a new $5 billion share repurchase program, effective September, allowing the Chinese e-commerce giant to buy back its stock over the next 36 months.
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China stocks slip on tariffs, e-commerce warning

China stocks slip on tariffs, e-commerce warning Updates to close SINGAPORE, Aug 27 (Reuters) - Chinese stock markets fell on Tuesday, with Canadian tariffs weighing on shares of electric vehicle and steel makers and downbeat comments about domestic demand dragging on e-commerce shares, while financials steadied Hong Kong's market. ** The Shanghai Composite index .SSEC closed 0.24% lower at 2,848.73. ** China's blue-chip CSI300 index .CSI300 fell 0.57%, with the consumer staples sector .CSI00091
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China stocks slip on tariffs, e-commerce warning

China stocks slip on tariffs, e-commerce warning SINGAPORE, Aug 27 (Reuters) - Chinese stock markets fell on Tuesday, with Canadian tariffs weighing on shares in electric vehicle and steel makers, while downbeat comments from PDD Holdings dragged down e-commerce shares. ** At the midday break, the Shanghai Composite index .SSEC was down 0.36% at 2,845.37. ** China's blue-chip CSI300 index .CSI300 was down 0.61%.
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China's PDD suffers $55 bln market cap wipeout after flagging an uncertain market

CORRECTED-UPDATE 5-China's PDD suffers $55 bln market cap wipeout after flagging an uncertain market Corrects market cap loss number to $55 billion, from $40 billion, in headline and second paragraph PDD has biggest one-day share price tumble since 2018 Management says stiff competition will hurt revenue growth Increased investments will weigh on profitability By Sophie Yu and Deborah Mary Sophia Aug 27 (Reuters) - China's PDD Holdings PDD.O missed market estimates for quarterly revenue on Monda
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