(Bloomberg) -- More than a dozen employees have left Shanghai-based copper traders affiliated with Chinese conglomerate Amer International Group Co. in the...
-- More than a dozen employees have left Shanghai-based copper traders affiliated with Chinese conglomerate Amer International Group Co. in the past few weeks, according to people familiar with the matter, in the latest sign of challenges facing one of China’s biggest private companies.
The departures are mainly due to the challenging market conditions, four of the people said. Many market participants, including some of the largest banks, have stepped back from the Chinese metals trade in the past year amid low margins and some high-profile disputes — including the fall of Maike Metals International Co., once the country’s top copper trader.
Shenzen-based Amer was founded by Wang in the 1990s, and has long been on the Fortune Global 500 list of the world’s largest companies. It had annual revenue of $90.5 billion and profit of $1.5 billion last year, according to Fortune. Steve Ballmer joined Microsoft in 1980 as Bill Gates' assistant, became CEO in 2000, and retired in 2014 with a 4% stake that's worth a fortune today.Are you looking for stocks to buy before the next bull market? Here are two top picks! The post A Bull Market Is Coming: 2 Spectacular Growth Stocks to Buy Now and Hold Forever appeared first on The Motley Fool Canada.Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles.
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