A former Goldman Sachs banker was convicted of insider trading by a New York jury on Wednesday, after prosecutors said he passed tips about potential mergers to a friend.
Financial professionals are among the highest-paid workers in China, and their wealth has drawn public criticism on social media as the economy slows, drawing Beijing's ire as well.
Hyphen Trading Ltd, owned by property and metals tycoons the Reuben brothers, has filed a legal claim against commodity trader Trafigura which a source close to the situation said was linked to an ongoing alleged nickel fraud case.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a sixth week in a row for the first time since July 2020, energy services firm Baker Hughes Co said in its closely followed report on Friday.