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Mirae Asset’s $43bn subsidiary names Ryan O’Connor as chief executive
...The favoured bidder in an estimated €610mn contract for 20 electric trains is CRRC Qingdao Sifang Locomotive, a subsidiary of CRRC, the world’s largest train manufacturer....
Luis Berruga helped build the Mirae subsidiary into one of sector’s largest providers
...Consolidated financial statements are supposed to present the finances of a parent and its subsidiaries as a single group....
...Rival Morgan Stanley reported that the mean pay gap at its main UK subsidiary edged lower in 2023 to 48 per cent from 48.8 per cent....
...Shares of the Hong Kong-listed shipping and logistics subsidiary of Cosco, one of the world’s largest shipping groups, dipped 15 per cent after the company reported profits fell 86 per cent year on year...
Gracell Biotechnologies would operate as wholly owned subsidiary under terms of deal
...“There was no reason at all to throw out the exemption for the European subsidiaries . . ....
...Toyota promised “a fundamental reform” to revive its subsidiary....
...Following a Transport ministry raid on Daihatsu headquarters late last year, the subsidiary suspended all worldwide vehicle shipments....
...Legislature and president declare danger posed by highly profitable subsidiary of demonised foreign company. They demand the foreign owner sells said subsidiary to investors of their own country....
...The company has taken significant hits to profits from currency movements in Africa in recent years, and last September delisted its Nigerian subsidiary....
...Once assets are transferred to such a subsidiary, they are outside of lenders’ reach — even if they once constituted part of the collateral package....
...“For one, Swiss authorities signal to the market that they do not tolerate circumvention via subsidiaries in places like Dubai,” he said....
...The UK subsidiary of Israeli defence contractor Elbit Systems has also been a target of arms protesters for several years....
...Deutsche Bank subsidiary DWS has agreed to pay $25mn to settle two separate enforcement actions brought by the US Securities and Exchange Commission for alleged money-laundering violations and misstatements...
...The US federal drug regulator has told British American Tobacco’s US subsidiary to halt sales of its menthol-flavoured Vuse Alto vape, the most popular e-cigarette in the US, following a jump in popularity...
...The subsidiary was seized and placed under “temporary management” by local authorities in July, not long after Carlsberg announced it had found a buyer for Baltika....
...Losses in the insurance subsidiary are not reflected in the bank’s consolidated accounts....
...US healthcare giant UnitedHealth Group swung to a loss in the first quarter, as costs incurred by a data breach at its Change Healthcare subsidiary weighed on earnings....
...In November, Italy exercised its “golden power” to stop the takeover of Microtecnica, Collins’s Italian subsidiary....
...CRRC Qingdao Sifang Locomotive, a subsidiary of CRRC, the world’s largest train manufacturer, pulled out after Brussels used a new anti-subsidy law for the first time....
...Taobao China, an Alibaba subsidiary, said in a filing on Wednesday that it planned to sell 33mn of US-traded shares of Xpeng, which is dual-listed in New York and Hong Kong....
...Last year its Turkish subsidiary Petrol Ofisi agreed to acquire BP’s downstream business in Turkey....
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