stateowned

Former chairman of state-owned bank China Everbright Group arrested

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HONG KONG — The former chairman of state-owned Chinese bank China Everbright Group has been arrested on suspicion of embezzlement and bribery, prosecutors said in a statement Monday, amid an intensified campaign against corruption. The investigation into Tang Shuangning, the former party secretary and chairman of China Everbright Group has ended and the case would … Read more

Mexico’s state-owned oil firm suggests oil washing up on seashores is from pure seepage

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The top of Mexico’s state-owned oil firm contends oil washing up on the nation’s Gulf coast seashores couldn’t have come from a spill of about 1,350 barrels attributable to a pipeline leak MEXICO CITY — The top of Mexico’s state-owned oil firm contended Wednesday that oil washing up on the nation’s Gulf coast seashores couldn’t … Read more