Hikvision reports financial results for the first half of 2022

Hikvision reports financial results for the first half of 2022

HANGZHOU, China, August 19, 2022 /PRNewswire/ — Hikvision has reported its financial results for the first half of 2022. During the reporting period, the company generated revenues of RMB 37.26 billion, an increase of 9.90% year-on-year (year-on-year). The net profits attributable to the shareholders of the listed company were RMB 5.76 billionwhich reflects a year-on-year decrease of 11.14%. During the first half of 2022, Hikvision achieved revenue of RMB 11.71 billion in foreign markets, with year-on-year growth of 23.72%. Hikvision reports financial results for the first half of 2022 Hikvision reports financial results for the first half of 2022 With…

Read More »

China sentences Canadian tycoon to 13 years for financial crimes

BEIJING (AP) — A Chinese-born Canadian tycoon who disappeared from Hong Kong in 2017 was sentenced Friday to 13 years in prison for a string of billionaire financial crimes and his company was fined $8.1 billion, announced a court. Xiao Jianhua was convicted of misusing billions of dollars in bank and insurance deposits controlled by his Tomorrow Group and offering bribes to officials, Shanghai No. 1 Intermediate People’s Court said on its social media account . Xiao was fined 6.5 million yuan ($950,000) and his company 55 billion yuan ($8.1 billion), the court said. Xiao was last seen in a…

Read More »

China sentences Canadian tycoon to 13 years for financial crimes

BEIJING (AP) — A Chinese-born Canadian tycoon who disappeared from Hong Kong in 2017 was sentenced Friday to 13 years in prison for a string of billionaire financial crimes and his company was fined $8.1 billion, announced a court. Xiao Jianhua was convicted of misusing billions of dollars in bank and insurance deposits controlled by his Tomorrow Group and offering bribes to officials, Shanghai No. 1 Intermediate People’s Court said on its social media account . Xiao was fined 6.5 million yuan ($950,000) and his company 55 billion yuan ($8.1 billion), the court said. Xiao was last seen in a…

Read More »

China sentences Canadian tycoon to 13 years for financial crimes

BEIJING (AP) — A Chinese-born Canadian tycoon who disappeared from Hong Kong in 2017 was sentenced Friday to 13 years in prison for a string of billionaire financial crimes and his company was fined $8.1 billion, announced a court. Xiao Jianhua was convicted of misusing billions of dollars in bank and insurance deposits controlled by his Tomorrow Group and offering bribes to officials, Shanghai No. 1 Intermediate People’s Court said on its social media account . Xiao was fined 6.5 million yuan ($950,000) and his company 55 billion yuan ($8.1 billion), the court said. Xiao was last seen in a…

Read More »

What Rakesh Jhunjhunwala said about investing through mutual funds

Rakesh Jhunjhunwala, the Indian billionaire investor who is admirably called the ‘Warren Buffett of India’ because he set an exemplary example of how to create wealth from the stock market died on August 14 in Mumbai. A qualified CA and the son of an Income Tax officer, Jhunjhunwala had entered the stock market in 1985 when the Sensex was at 150 points with only ₹5000. The journey that began with ₹5,000 and has left this world today leaving a wealth of $5.8 billion (according to Forbes data) to his family. He is no longer with us, but his investment principles…

Read More »

Top financial services news of the day

Fed’s Bullard leans toward a September hike of 0.75 percentage points The president of the Fed of St. Louis, James Bullard said he is considering supporting another major rate hike at the central bank’s policy meeting next month, adding that he is not ready to say the economy has seen the worst increase in inflation. Wall Street is betting the Fed is bluffing in a high-stakes inflation game The market rally reflects the belief that inflation has peaked and rates will fall sometime next year, a prospect that Fed officials have tried to dismiss. The Central Bank of Turkey cuts…

Read More »

Consumer confidence falls to lowest level since 1974

British consumer confidence fell to a record low in August as cost-of-living pressures and a weak economic outlook continued to mount. Research firm GfK’s consumer confidence barometer fell to minus 44 in August from minus 41 in July, the lowest level since the survey began in 1974 and below expectations of economists that consumer confidence remained unchanged from the previous month. All five measures fell, reflecting acute concerns as the cost of living rises, said GfK’s director of client strategy, Joe Staton. UK inflation hit a new four-decade high of 10.1% in July, the highest rate among Group of Seven…

Read More »

The City Council approves economic development agreements for TIF districts | news

ENID, Okla. — An economic development agreement is now in place between the city of Enid and a renewable energy service provider, along with an amended economic development agreement with Transportation Partners and Logistics. Enid city commissioners on Tuesday evening approved an economic development agreement with Takkion and an amendment to an existing economic development agreement with TP&L on 66th. The 7-0 vote, Commissioner Jerry Allen said Tuesday, “ends a big problem” for the Enid community. “New jobs, new investment and new things happening with old things we already have — it’s a great day,” he said during the meeting….

Read More »