Bao Fan, a well-connected banker, is the latest businessman in China to disappear, raising concerns that Beijing’s crackdown on the technology and financial industries will continue.
Category: High Net Worth Individuals
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‘Last Night in New York’ Review: A Social Chronicler Explains Himself
A slew of well-off New Yorkers, many of them not very nice, sing the praises of their “Boswell,” David Patrick Columbia, in a new documentary.
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Gautam Adani’s Rise Was Intertwined With India’s. Now It’s Unraveling.
The tycoon often said the Adani Group’s goals were in lock step with India’s needs. Now, the company’s fortunes are crashing, a collapse whose pain will be felt across the country.
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As Parisians March to Fight Pension Changes, Shopkeepers Nod and Agree
Angry protests over a plan to raise France’s retirement age pile uncertainty on small businesses, but most are siding with the demonstrators.
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Gautam Adani Lost $36 Billion in Days. Who Is He, and What Happened?
Gautam Adani is facing perhaps his biggest challenge yet as a small U.S. investment firm accuses his Indian conglomerate of fraud and stock manipulation.
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Embattled Indian Business Empire Raises $2.5 Billion in Tricky Share Offering
Gautam Adani’s conglomerate managed to raise fresh funds despite market turmoil looming over the move.
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Adani Loses Billions After Attack by a Short Seller, Hindenburg Research
The Adani Group, the Indian conglomerate run by Asia’s wealthiest man, has gone on the offensive to fight fraud allegations by an American investor.
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Gautam Adani’s Conglomerate Shaken by Stock Market Rout
The Adani Group, founded by Gautam Adani, Asia’s richest person, has lost $50 billion in value this week as it rebutted a critical report from a New York investment firm.
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Entrepreneurs Flee China’s Heavy Hand: ‘You Don’t Have to Stay There’
Weary of crackdowns and lockdowns, businesspeople are moving out of China and taking their wealth with them. Many have found a new home in Singapore.
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World Economic Forum in Davos Confronts a New Order
The Covid-19 pandemic, invasion of Ukraine, trend toward autocracy and economic inequalities challenge the World Economic Forum’s relevance.
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I.R.S. Backlogs Continue as Republicans Mount Offensive
The National Taxpayer Advocate expressed hope that better days were ahead for the tax collection agency.
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A ‘Bargain’ on Billionaires’ Row Still Clocks in at $50 Million
In a seasonal slowdown in top sales in Manhattan in December, there were still lofty prices, but many fell below what the sellers were asking.