Bankers say pressure to undercut rivals has become acute as price-sensitive state-owned issuers dominate market ... ( read original story ...)
Lawmakers Subpoena JPMorgan and BofA Over IPO of Chinese Battery Startup
A House committee focused on national security had previously urged banks to stop work on CATL’s initial public offering. ( read original story ...)
AWS reportedly shutters AI research lab in Shanghai
A former applied scientist at the lab reportedly announced its closure in a post on WeChat, China’s most popular social network. The Financial Post cited the researcher as saying that the lab “was ... ( read original story ...)
Amazon Reportedly Shuttering Shanghai AI Lab Amid Heightened U.S.-China Strains
Amazon (NASDAQ:AMZN) is reportedly shutting down its artificial intelligence research lab in Shanghai, a move that highlights the growing challenges American tech companies face in China, according to ... ( read original story ...)
Amazon shuts down Shanghai AI research lab
Ecommerce group Amazon is shutting down its Shanghai artificial intelligence lab, becoming the latest US company to retreat from Chinese research efforts amid rising geopolitical tensions. ( read original story ...)
US federal court upholds dismissal of terror victims’ claims against global banks
A US federal court on Monday upheld the dismissal of claims brought by US service members and civilians against three major global banks accused of indirectly funding terrorist attacks in ... ( read original story ...)
Wells Fargo executive barred from leaving China, as bank suspends travel there
Wells Fargo has suspended all employee travel to China after a U.S. executive was barred from leaving the country last week due to "a criminal case," several national news outlets have reported. ( read original story ...)