Airline Shares Battered, Airfares Surge as Iran War Intensifies March 9, 2026 By Julie Zhu and Christoph Steitz Airline stocks were hammered on Monday, while airfares soared as the U.S.-Israeli war with Iran sent oil prices surging, sparking...
Missile Fire Hinders Middle East Rescue Flights as Airspace Edges Open March 6, 2026 By Julie Zhu and Federico Maccioni Emirati airlines resumed some flights to global cities from the war-hit Gulf on Friday, but a Lufthansa jet that was...
Perishables to Plane Parts Stranded as Middle East Conflict Hits Air Cargo March 5, 2026 By Allison Lampert , Lisa Baertlein, Julie Zhu and Tim Hepher Shipments ranging from fresh produce to airplane parts are in limbo as Middle East conflict squeezes cargo capacity and pushes...
PwC’s China Unit Suspended for 6 Months, Hit With Record Fine for Evergrande Audit September 13, 2024 By Julie Zhu and Xie Yu Chinese regulators on Friday hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine...
EY, KPMG Benefit Most From PwC China’s Regulatory Woes August 15, 2024 By Julie Zhu and Xie Yu Ernst & Young (EY) and KPMG have snapped up over half of PwC’s corporate clients in China that have fled...
PwC Weighs Halving of China Financial Services Audit Staff, Sources Say July 16, 2024 By Julie Zhu PricewaterhouseCoopers (PwC) is considering slashing up to half its financial services auditing staff in China, two people with knowledge of...
Update: China Ends Ant Group’s Regulatory Revamp With Fine of $984M July 7, 2023 By Julie Zhu and Jane Xu Chinese authorities announced on Friday a 7.12 billion yuan ($984 million) fine for Ant Group, ending a years-long regulatory overhaul...
China Expected to Cut Fine on Ant Group to About $700M: Sources April 18, 2023 By Julie Zhu and Jane Xu Chinese regulators are expected to fine Ant Group about a quarter less than the more than $1 billion initially planned...
China Signals Ant’s Reemergence in Accepting Financial Holding Company Plan: Reuters June 17, 2022 By Julie Zhu and Xie Yu HONG KONG, June 17 (Reuters) – China’s central bank has accepted Ant Group’s application to set up a financial holding...
Beijing Gives Initial Green Light to Revive Ant Group’s IPO as Crackdown Eases: Sources June 10, 2022 By Julie Zhu China’s central leadership has given billionaire Jack Ma’s Ant Group a tentative green light to revive its initial public offering...