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PWC TROUBLES IN CHINA
PwC troubles in China deepen with exit of Hong Kong partnersPricewaterhouseCoopers faces escalating challenges in Hong Kong due to its involvement in the China Evergrande Group audits. The firm is ex...- Explainer: How big are the Big Four accounting firms in China?Chinese regulators have imposed a six-month business suspension and a record fine of $62 million on PwC's auditing unit in mainland China o...
- PwC to bring UK partner for help after Evergrande scandal hurts operations in China: ReportPwC is set to appoint UK partner Hemione Hudson to lead its China business following the Evergrande fallout. Chinese regulators are expecte...
- PwC China faces 6-mth business ban, large fine over Evergrande audit, sources sayChinese regulators are likely to impose a six-month business suspension for part of PricewaterhouseCoopers' auditing unit in mainland China...
- PwC loses major client Bank of China amid regulatory probePwC has lost its biggest mainland China client, Bank of China, to EY. This change follows a regulatory probe into PwC's work with China Eve...
- PwC to slash China partners' pay after being hit by client exodusPwC has asked its China-based partners to take up to a 50% pay cut amid a regulatory probe and client departures, prompting cost cuts and l...
- PwC weighs halving of China financial services audit staffPwC plans to cut up to half its financial services auditing staff in China amid regulatory scrutiny and client departures. The firm, which ...
- Mass layoffs at PwC after exodus of clients in ChinaPricewaterhouseCoopers LLP is reducing staff in China due to declining revenue prospects and client exodus. Over 100 employees across Beiji...
- PwC names new China head amid regulatory scrutinyPwC said in a statement to Reuters on Wednesday that Shanghai-based Li assumed the role of chairman of PwC China and Asia Pacific with effe...
- PwC in major accounting scandal? China may impose record fine on PricewaterhouseCoopers over Evergrande auditing workChina is set to impose a record fine on PricewaterhouseCoopers LLP and may suspend some of its local operations due to its involvement in a...
- China's real estate magnate Hui Ka Yan loses 93 per cent of his wealthOnce the second-richest person in Asia, the China Evergrande Group chairman's fortune is considerably diminished, moreover, Hui is also fin...
- The $15 billion reason why Asia bond defaults could riseGS forecasts a 3 per cent default rate next year for Asia high-yield corporate bonds.
- Indian companies wary of China dumping solar equipmentWith over 100 GW of this target dependent on solar power, and the govt’s plans to scale up domestic manufacturing in India by offering capi...
- Budget 2015: No major relief for struggling aviation sector, say experts"Overall, nothing to write home about. India's troubled aviation sector will continue to struggle for another year," Amber Dubey said.
- Foreign banks await more details on subsidiary guidelines: PwCConsultancy firm PwC said foreign banks are awaiting more details about the RBI guidelines on subsidiarisation of their Indian outfits.
- Government tells firms to be more adventurous in oil questForeign minister told energy firms on Tuesday to be more adventurous in searching for oil supplies.
- Death of a PwC employee: Concerns about work fatigue & stress in offices in ChinaOf some 5,000 Chinese employees polled across the country, nearly 45% of respondents said they often felt they were suffering during and af...
- Now, bankers come under fire for high bonuses in UKRBS has set aside GBP 1.7 billion for staff bonuses, and Barclays has opted for gulf money to protect its bonuses. 2008: Year of financial ...
- PE firms adopt alternatives for better returnsPE firms are mainly diversifying into infrastructure assets, debt funds and energy technology investments. FII Investments | MF Investments...
- India top destination in global IT cos' hiring spreeAs the talent hunt for skilled technology workers intensifies worldwide, India has emerged as the top destination for global IT companies' ...
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