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China's cash-squeezed Country Garden faces another dollar coupon deadline
China's cash-squeezed Country Garden faces another dollar coupon deadline
By Xie Yu HONG KONG Embattled Chinese property developer Country Garden faces yet another liquidity test with Monday's
2023-09-18 18:46
Factbox-How the US SEC is overhauling the fund industry
Factbox-How the US SEC is overhauling the fund industry
By Chris Prentice and Michelle Price WASHINGTON The U.S. Securities and Exchange Commission, led by chair Gary Gensler,
2023-08-24 02:17
Manchester United share price crashes by £500m after report Glazers may not sell
Manchester United share price crashes by £500m after report Glazers may not sell
Manchester United’s valuation on the New York Stock Exchange plummeted by more than £500million in the wake of a report that the Glazers have decided not to sell. Nine months ago the owners announced a full sale was among the options being considered as part of a strategic review at the Old Trafford club. Sheikh Jassim and Sir Jim Ratcliffe made offers to buy United, yet the interminable potential takeover process rumbles on as fans continue to protest against the Glazers. Hopes of a full sale were seemingly dashed when the Mail on Sunday reported that the owners are taking the club off the market and will try to sell again in 2025. That report led to more than £500m being knocked off United’s share price on Tuesday. After the New York Stock Exchange reopened following the Labor Day holiday, the price plummeted from 23.66 US dollars (£18.83) to 19.35 US dollars (£15.40) by close. United’s market capitalisation – the company’s worth on the stock market – was left at 3.15billion US dollars (£2.5billion) after the 18.22 per cent drop. Earlier this year the Glazer family reportedly valued United at £6bn. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-09-06 15:54
Philips Slumps After Order Drop Outweighs Improved Outlook
Philips Slumps After Order Drop Outweighs Improved Outlook
Royal Philips NV fell after a decline in new orders and ongoing uncertainties on costs related to a
2023-07-24 15:45
Twitter Says Ads Mostly Unaffected by Limits That Target Bots
Twitter Says Ads Mostly Unaffected by Limits That Target Bots
Twitter said its temporary cap on the number of tweets that accounts can see each day has had
2023-07-05 02:47
Emissions scandal: Ex-Audi boss admits role in fraud by negligence in German court
Emissions scandal: Ex-Audi boss admits role in fraud by negligence in German court
MUNICH Former Audi boss Rupert Stadler accepted his role in committing fraud by negligence in the diesel emissions
2023-05-16 17:27
Meta to contest EU antitrust charges at July 13 hearing
Meta to contest EU antitrust charges at July 13 hearing
By Foo Yun Chee BRUSSELS Facebook owner Meta will contest EU antitrust charges at a closed hearing on
2023-07-13 08:21
Yellen says US GDP is a 'good strong number'
Yellen says US GDP is a 'good strong number'
U.S. Treasury Secretary Janet Yellen on Thursday said the growth data for the third quarter reported by the
2023-10-27 01:56
Volkswagen to launch China-specific entry level electric platform
Volkswagen to launch China-specific entry level electric platform
HEFEI, China/BERLIN Volkswagen said on Friday it will develop a new platform for entry-level electric vehicles in China
2023-11-24 15:27
China Guides Banks to Cap Early 2024 Loans, Shift Some Forward
China Guides Banks to Cap Early 2024 Loans, Shift Some Forward
China’s central bank has encouraged lenders to cap the amount of new loans they issue in early 2024
2023-11-21 12:57
Bank of England's Bailey vows to
Bank of England's Bailey vows to "see the job through" on inflation
LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Monday the British central bank had to "see the job
2023-07-10 23:29
Saudi Arabia Mulls Buying 54 Dassault Fighter Jets, Tribune Says
Saudi Arabia Mulls Buying 54 Dassault Fighter Jets, Tribune Says
Saudi Arabia is considering the purchase of 54 Rafale fighter jets from French manufacturer Dassault Aviation SA, according
2023-10-22 07:21