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One of China's richest men was arrested in the US on sexual misconduct allegations, then left the country (JD)

Liu Qiangdong, the founder and CEO of Chinese e-commerce giant JD.com was arrested in Minneapolis over the weekend. Liu has not been charged with anything, and went back to China afterward. China’s foreign ministry said it is looking into the matter. …read more […]

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Weak pound, higher commodity stocks boost FTSE

The UK’s top share index rose on Monday, starting September on a stronger note as a weaker pound and a bounce across commodity stocks helped British equities outperform continental peers. The blue chip FTSE 100 (.FTSE) index was up 1 percent at 7,504.60 points at its close, while mid caps (.FTMC) were flat in percentage terms. A rise in oil stocks contributed more than 21 points to the FTSE 100, the biggest sectoral boost to the index. …read more […]

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Lawyer for JD.com CEO says does not expect charges to be brought

A lawyer for JD.com Inc CEO Richard Liu, who was arrested on suspicion of criminal sexual misconduct in the U.S. state of Minnesota and later released, said on Monday that Liu denies any wrongdoing, and also said he does not expect charges to be brought against his client. Earl Gray, a Minnesota-based lawyer, said Liu was released without charges or a bail requirement, and was able to return to China, where the e-commerce firm is based. “Under these circumstances based on our substantial experience in the criminal justice system in Minnesota charges are highly unlikely in the future …read more […]