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BEIJING (Reuters) – China’s commerce ministry said on Wednesday that it had added four U.S. companies to its so-called “Unreliable Entity List” for their involvement in arms sales to Taiwan, which China regards as part of its territory. The blacklisted companies, which include Pacific Rim Defense and Summit Technologies Inc., will be banned from exporting to and importing from China or making new investments in the country, according to the […]

BEIJING (Reuters) – China’s commerce ministry said on Wednesday that it had added four U.S. companies to its so-called “Unreliable Entity List” for their involvement in arms sales to Taiwan, which China regards as part of its territory. The blacklisted companies, which include Pacific Rim Defense and Summit Technologies Inc., will be banned from exporting to and importing from China or making new investments in the country, according to the […]

By Crispin Kyala BUKAVU, Democratic Republic of Congo (Reuters) – A Congolese court has sentenced three Chinese citizens to seven years in prison after they were arrested in possession of gold bars and $400,000 in cash and found guilty of illegal activities linked to the artisanal mining sector. The trio are the first Chinese nationals to stand trial since Democratic Republic of Congo launched its latest push to crack down […]

By Crispin Kyala BUKAVU, Democratic Republic of Congo (Reuters) – A Congolese court has sentenced three Chinese citizens to seven years in prison after they were arrested in possession of gold bars and $400,000 in cash and found guilty of illegal activities linked to the artisanal mining sector. The trio are the first Chinese nationals to stand trial since Democratic Republic of Congo launched its latest push to crack down […]

By Davide Barbuscia NEW YORK (Reuters) -BlackRock’s assets hit a record high $11.6 trillion in the fourth quarter of last year as the world’s largest money manager posted a 21% profit jump, with fee income buoyed by stronger equity markets. Assets managed by the New York-based company increased to $11.55 trillion from $10.01 trillion a year earlier and $11.48 trillion in the third quarter. Client assets were buoyed by a […]

By Davide Barbuscia NEW YORK (Reuters) -BlackRock’s assets hit a record high $11.6 trillion in the fourth quarter of last year as the world’s largest money manager posted a 21% profit jump, with fee income buoyed by stronger equity markets. Assets managed by the New York-based company increased to $11.55 trillion from $10.01 trillion a year earlier and $11.48 trillion in the third quarter. Client assets were buoyed by a […]

By Manya Saini, Noor Zainab Hussain and Saeed Azhar (Reuters) -Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading, sending its shares up 3% before the bell. Profit rose to $4.11 billion, or $11.95 per diluted share, for the fourth quarter ended Dec. 31, compared with $2.01 billion, or $5.48 per […]

By Manya Saini, Noor Zainab Hussain and Saeed Azhar (Reuters) -Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading, sending its shares up 3% before the bell. Profit rose to $4.11 billion, or $11.95 per diluted share, for the fourth quarter ended Dec. 31, compared with $2.01 billion, or $5.48 per […]

JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts. Earnings per share rose to $4.81 from $3.04 a year ago. The result beat Wall Street profit projections of $4.09 a share, according to the data firm FactSet. Total managed revenue hit $43.7 billion, up 10%, from $39.9 billion a year ago. Wall Street was […]

JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts. Earnings per share rose to $4.81 from $3.04 a year ago. The result beat Wall Street profit projections of $4.09 a share, according to the data firm FactSet. Total managed revenue hit $43.7 billion, up 10%, from $39.9 billion a year ago. Wall Street was […]