President Xi Jinping’s campaign against corruption is growing into one of the broadest in China’s modern history, snaring dozens of businessmen and government officials and positioning Xi as the country’s most powerful leader in decades.
People working for the U.S. Securities and Exchange Commission who owned stock in companies under investigation were more likely to sell shares than other investors in the months before the agency announced it was taking enforcement actions, according to a new academic paper.
Pernod Ricard SA, which sells Havana Club rum in every country except the U.S., was dealt a blow in efforts to sell the liquor in the American market after the U.S. Supreme Court decided not to intervene in a clash over rights to the name.
Known as “Mayor Bulldozer” for the massive infrastructure projects he built while running the eastern Chinese city of Nanjing, Ji Jianye traveled to Beijing last year to represent his province in the national legislature. He won’t be at this year’s gathering which starts today.
Chinese microblogger Dong Rubin mused to his 45,000 followers last month that he might face arrest amid a government crackdown on Internet rumors. On Sept. 10, he was detained for misreporting the worth of his business.