Offstream
news

Chinese animated film "Ne Zha 2" amasses a total box office of ¥12.3 billion (US$1.69 billion), surpassing "Inside Out 2" as the highest-grossing animated film globally.
2025-02-18

Indian oil refiners start payments for Russian oil imports in Chinese yuan as an alternative to the US dollar due to the sanctions against Russia.
2023-07-3

The Russian ruble experiences extreme buy–sell spreads. While the currency exchanges in banks offer a range of 70–90 rubles per US dollar and 80–100 rubles per euro, sell quotes vary from 100 rubles to over 150 rubles for 1 US dollar. Panic selling is suspected as a reason for the fluctuations.
2022-02-27

The Sandiganbayan, the Philippines' anti-graft court, orders Royal Traders Holding Co. Inc., a bank formerly controlled by the late dictator Ferdinand Marcos, to pay the Philippine government an estimated PHP1 billion ($32.446 million) in bank certificates that were confiscated by the United States Customs Service after Marcos was deposed in 1986.
2021-09-29

Amazon wins a legal dispute against a European Union order to pay back taxes of €250 million ($303 million). The setback renewed calls from EU lawmakers for a global corporate tax deal and for several to voice their support for the Biden administration's proposed 21% minimum tax rate on multinationals.
2021-05-12

A parent is sentenced to five months in prison, a fine of $100,000 and 500 hours of community service for his involvement in the college admissions scandal.
2019-10-4

The Iranian rial hits another record low against the US dollar ahead of August 7, when the first round of fresh United States sanctions against Iran begin.
2018-07-30

American multinational private equity firm Kohlberg Kravis Roberts purchases American new media company Internet Brands for $1.1 billion.
2014-06-4

China loosens controls on the yuan, allowing it to fluctuate up to 1% in trading against the United States dollar, up from 0.5%.
2012-04-15

The United States House of Representatives approves legislation that would lead to trade sanctions against China, which is accused of undervaluing the yuan.
2010-09-29