China Is Raising Up to $31.5 Billion to Fuel Chip Vision

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China Is Raising Up to $31.5 Billion to Fuel Chip Vision

China's government aims to raise as much as 200 billion yuan ($31.5 billion) to invest in homegrown chip companies and accelerate its ambition of building a world-class semiconductor industry, people familiar with the matter said. The state-backed China Integrated Circuit Industry Investment Fund Co.
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Wells Fargo Is Accused of Harming Fraud Victims by Closing Accounts

Many Wells Fargo customers, however, have complained that the bank was too quick to freeze or close accounts after signs of fraud — even if they themselves reported the suspicious activity. The consumer bureau's complaints database contains dozens of reports from aggrieved customers who said
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New superannuation category announced at Australian Accounting Awards

Accountants Daily, together with principal partner Thomson Reuters, is pleased to announce that submissions for the 2018 Australian Accounting Awards are officially open. Now in its fifth year, the awards program has been developed to recognise excellence and success in the Australian accounting
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Russia's Lukoil replaces chief accountant Khoba with Verkhov

MOSCOW, March 1 (Reuters) – Lukoil, Russia's second biggest oil producer, said on Thursday it will replace chief accountant Lyubov Khoba with Vyacheslav Verkhov effective from March 1. Verkhov has worked at Lukoil since 2000 and moving from the position of the head of accounting methodology
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Carlyle invests in CFGI

Carlyle Group said March 1 that it has invested in CFGI. Financial terms weren't announced. CFGI provides technical accounting and finance advisory services to the office of the chief financial officer. CFGI has offices in Boston, New York, Philadelphia and San Francisco. Duff & Phelps provided financial
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