Orsted Drops US Wind Projects, Taking $4 Billion Impairment Hit
Orsted A/S dropped the development of two US wind projects, recording impairment charges significantly above its previous predictions
2023-11-01 15:26
Evergrande Said to Have Proposed New Debt Plan, Reuters Says
China Evergrande Group has proposed a new debt restructuring plan for offshore bondholders, Reuters reported, citing two people
2023-11-01 15:23
Toyota Raises Profit Forecast 50% on Weak Yen, Record Sales
Toyota Motor Corp. raised its operating profit forecast 50% after posting record quarterly earnings, thanks to a weaker
2023-11-01 15:18
Saudi Arabia’s Tabby Valued at $1.5 Billion in Pre-IPO Fundraise
Saudi Arabia-based Tabby raised $200 million in a funding round that values the buy-now-pay-later firm at over $1.5
2023-11-01 14:54
Turkey may exclude banks from inflation-adjusted accounting -minister
ANKARA Turkey will move to inflation-adjusted accounting, but financial institutions may be excluded from the practice, Finance Minister
2023-11-01 14:50
In Major Protectionist Move, Spain Considers Stake in Telefonica
Spain is considering whether to shield its “most strategic” company from foreign takeovers in what could be the
2023-11-01 13:53
World’s Top Renewable Firms Reel Even as Installations Surge
The biggest manufacturers of wind turbines and solar panels are facing their most serious financial challenges in years
2023-11-01 13:19
El Niño Is Biggest Wildcard for World’s Most Consumed Edible Oil
Cooking oil traders are meticulously sifting through weather maps and production data for Indonesia in a quest for
2023-11-01 11:26
China Loosens Carbon Rules After Prices Hit Record to Ensure Power Winter Demand Is Met
China has loosened the rules governing its carbon market after prices rose to a record, to make it
2023-11-01 11:26
Asia Factories Grapple With High Costs Amid Israel-Hamas War
Manufacturing activity in Asia slumped again in October as conflict in the Middle East drove oil prices higher,
2023-11-01 11:21
Prada Sales Slow Despite Strong Miu Miu Label Performance
Prada SpA’s sales slowed as the Italian fashion company experiences a cutback in luxury demand that other competitors
2023-11-01 10:59
South Korean Exports Return to Growth in Boost to Outlook
South Korea’s exports rose for the first time since late last year in a positive sign for the
2023-11-01 10:53