China's Haitong International cuts UBS business ties over pig comment

  • 📰 Reuters
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Haitong International Securities has cut ties with UBS after a comment about Chi...

BEIJING/SHANGHAI - Haitong International Securities has cut ties with UBS after a comment about Chinese pigs by a top economist at the Swiss bank was perceived by some as a racist slur.

“There is not a clear timetable on when to resume the collaboration, which is subject to the management’s decision,” Haitong International said in an email sent to Reuters. African swine fever, a disease deadly to pigs, is ravaging herds across Asia. China has reported more than 120 outbreaks since it was first detected in the country in August.

In December last year, UBS became the first foreign bank in China to get official approval to acquire a controlling stake in its local securities joint venture.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Fuck China. They own %50 of Sudans oil projects, and not saying shut about Sudan just to keep their Billions... Russia, same for UAE , and others, are complicit in this in order to guarantee money bags

Chinese snowflakes.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Haitong International Securities cuts business ties with UBS after 'Chinese pig' commentHaitong International Securities cuts business ties with UBS, following a comment about Chinese pigs made by the Swiss bank’s global chief economist Seems like a paranoid overreaction to me🙄 Good chinese bankers go to work for ubs or gs, morons work for haitong, citic or bocom really trying hard to be offended, and in any case Haitong is a competitor of UBS so maybe former just pot stirring
Source: Reuters - 🏆 2. / 97 Read more »