EXCLUSIVE Luxembourg banks ask to freeze Ecuadorian property amid Perenco dispute, paperwork present

Bailiff orders 122 banking institutions operating in Luxembourg to freeze Ecuadorian assets Ecuador to issue Luxembourg-listed bonds in 2020 debt overhaul Some bondholders received interest payments due on July 31 LONDON, Aug. 1 (Reuters) – A Luxembourg bailiff has ordered banks to freeze assets held by Ecuador in Luxembourg accounts due to a dispute over … Read more

How China turned the zero level for the automotive chip scarcity

TAIPEI/SHANGHAI/SINGAPORE, July 19 (Reuters) – From his small office in Singapore, Kelvin Pang is ready to bet his $23 million payday that the worst chip shortages are not over yet for automakers – at least in China. Pang bought 62,000 microcontrollers, the chips that help control a range of functions from a car’s engine and … Read more