By Anthony O. Goriainoff London's Heathrow Airport said it expects to report a rise in revenue and adjusted Ebitda for 2023 on a strong traffic recovery in.
China Investment Corp (CIC), the nation’s sovereign wealth fund established to help diversify its foreign-exchange reserves, suffered investment losses in 2022 as the COVID-19 pandemic and geopolitical tensions roiled global markets and eroded its assets and long-term returns, reports the South China Morning Post. CIC’s total assets fell to $1.24 trillion by the end of…
The commission administering China’s largest state firms has cautioned them to control and prevent risk in their financial subsidiaries and operations, a sign of heightened focus on systemic shortfalls as debt burdens continue to plague smaller institutions.
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