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The number of the richest people in China, whose wealth is at least 2 billion yuan, in 2018 decreased by 11% compared with 2017 at a record decline rate for 20 years, finversia.ru reported. The number of Chinese yuan billionaires this year was 1,893 people. The fall on the Chinese stock exchanges, associated with a slowdown in economic growth and trade disputes between the US and China, reduced the list of the richest people in China by 456 people. The founder of Alibaba Group, Jack Ma, topped the rating for the second time in 4 years. In 2018, his fortune increased by $10 billion to $30 billion. This year, among the richest people in China, a record number of women has been recorded. Their share in the rating was 28.7%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
KYC Policy