China’s Ant seeks to ease staff concerns about selling company’s shares

China’s Ant Group is working on measures to help staff with “short-term liquidity problems”, its executive chairman said in internal messages, after the halting of the fintech giant’s $37 billion IPO dashed employees’ hopes of cashing in their shares. The listing of the affiliate of Chinese e-commerce giant Alibaba Group Holding last November would have […]

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Greensill Capital eyeing insolvency protection in Australia

Troubled supply chain finance firm Greensill Capital is seeking insolvency protection in Australia, the Financial Times reported on Tuesday, after Credit Suisse suspended $10 billion of funds linked to the London-based company’s lending operations. Greensill, backed by Japan’s SoftBank Group, is looking to invoke a “safe harbour” protection in Australia where its parent company is […]

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