Alibaba increases its stake in YTO Express by investing $966 million
Alibaba and YTO Express will partner in digital technology and air cargo
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Dubai FDI, Guidepoint sign new MoU to drive foreign investors growth
The MoU will support strategic directives of Dubai’s government
Chinese regulators grants domestic fund custody licence to Citigroup
Standard Chartered was the first bank to obtain a domestic fund custody license in 2018
HSBC rolls out one-stop solution Omni Collect in India
The solution provides different payment options for websites
Bupa Investments acquires 4% stake in Bupa Arabia
BOIL acquired 8 million Bupa Arabia shares worth $134 million
JP Morgan signs business deal with Brazils’ Bradesco
The US banking giant will potentially transfer its Brazilian onshore clients to Bradesco
GIC partly acquires Reliance Industries-owned telecom towers for $3.4 bn
GIC will foray into the Indian telecom market with the acquisition
Global oil market recovers with rise in Chinese oil demand
Chinese imports of US crude oil surged in August
Africa’s Export Trading Group signs $400-million agreement with Afreximbank
The funds will cater to the needs of African agricultural exporters
World’s largest miner BHP to become carbon neutral by 2050
The company will announce a new development this month as part of its carbon neutral goals