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Tuesday 02 February 2016 3:47 pmPrudential share price plummets on reports Chinese regulators are tightening insurance restrictionsBy: Emma HaslettShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleA temporary suspension of shares in Pruden <a href=https://www.polenes.com.de>polene</a> tial was triggered this afternoon, after its share price fell more than eight per cent.The fall came after Bloombergreported C <a href=https://www.stanley-uk.uk>stanley mug</a> hina s currency regulator was tightening restrictions on its citizens buying insurance products from overseas.Purchases of insurance products using UnionPay credit and debit cards will be capped at $5,000 per transaction, according to sources.That caused Prudential shares to plummet more than eight per cent, to 1,208p, and triggered an automatic suspension of shares. A mechanism used by the London Stock Exchange puts shares into an auction if a suspension is triggered. It s thought Prudential s shares were out of action for around five minutes.However,Prudentialrsquo Hong Kong unit is primarily focuse <a href=https://www.stanleycup.at>stanley thermobecher</a> d on regular premium business where the average premium size is below the $5,000 cap. Analysts also indicated the impact on Prudential is likely to be limited.Meanwhile, the FTSE 100 was 2.7 per cent down, at 5,897 points, in late afternoon trading, as oil fell back below $30 per barrel. Amid today s unsettling stock market reaction, Prudential stands out as one of the big losers, said David Morrison, senior market stra Onyl Europe delays privatised railway
Monday 07 January 2013 2:02 am|Updated:Thursday 30 May 2019 6:22 amRolls-Royce is hit by claims of bribery in China engine dealsBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleROLLS-ROYCE has been accused of bribing two airlines in China, as more details emerge about a corruption investigation centred on the FTSE 100 firmrsquo overseas arms. The engineering giant said in Decembe <a href=https://www.stanley-de.de>stanley germany</a> r that it had handed information to the Serious Fraud Office SFO , after an internal probe uncovered matters of concern in In <a href=https://www.cup-stanley.ca>stanley mugs</a> donesia and China. Allegations that Rolls made payments linked to engine contracts with Air China in 2005 and China Eastern in 2010, which appeared in a string of online messageboard posts under the pseudonym Soaringdragon in 2011, were reported yesterday by the Sunday Times. Rolls-Royce would not comment yesterday on whether the $2bn pound;1.2bn engine deals form part of its internal investigation, or whether the SFO has been alerted to the claims. The SFO d <a href=https://www.stanley-cup.at>stanley austria</a> id not respond to calls for comment yesterday. The investigation began after online posts by a former Rolls-Royce employee detailing claims of payments in Indonesia caught the watchdogrsquo attention.Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: SectionsNewsCategoriesBusinessTrending ArticlesLabour will regret the Rentersrsquo; Rights ActUK at