Ant is working towards a dual-listing in Shanghai and Hong Kong possibly as soon as this month in what sources have said could be the world’s largest IPO, surpassing oil giant Saudi Aramco’s 2222.SE $29.4 billion float in December.
U.S. President Donald Trump is considering curbs on Ant, an affiliate of Chinese e-commerce firm Alibaba and Tencent over concerns their payment platforms threaten national security, Bloomberg News reported on Wednesday.

If implemented, the restrictions would illustrate how Trump’s administration is seeking to prevent Chinese companies from embedding themselves in the U.S. financial system before they become a significant competitive threat.

U.S. forecaster sees 85% chance of La Niña through winter

Oct 8, 2020

La Niña is characterized by unusually cold temperatures in the equatorial Pacific Ocean and linked with floods and drought.

AXA XL announces appointments for Asia & Europe Business Unit

Oct 8, 2020

Xavier Veyry, Chief Executive Officer, Asia & Europe at AXA XL, said: “I’m delighted we could find the right people within our organisation to lead our underwriting, captives and claims capabilities in Europe and Asia, as well as our local teams. It reflects the quality of talent at AXA XL.”

U.S. lawmakers detail Big Tech’s market abuses and press for strict reform

Oct 8, 2020

The report by the antitrust subcommittee of the Judiciary Committee recommends that Alphabet Inc.’s Google, Apple Inc., Amazon.com and Facebook – with a combined market value of over $5 trillion – should not both control and compete in related businesses.

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