Zhongzhi Enterprise Group: Chinese shadow bank files for bankruptcy
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
The troubled firm reportedly told investors in November its liabilities had outstripped its assets.
Updated Jan. 8, 2024 5:44 am ET Shell said its fourth-quarter earnings took a hit of between $2.5 billion and $4.5 billion in impairments that were offset by significantly higher gas trading, while its overall production volumes are on track to meet targets. The London-based energy giant said Monday that the impairments were primarily driven…
Business & Finance 08 December 2023, 2:27 am 1 minute Reuters exclusively reported two significant stories in the aerospace sector on Thursday about U.S. plane maker Boeing. Reuters started the day breaking news about Boeing closing in on a Thai Airways plane order and then later in the day filed an exclusive about a two-month…
Newell Brands will slash about 7% of its office roles and pare down its real-estate footprint in an organizational realignment. The Atlanta-based maker of Rubbermaid and Sharpie said it expected to realize annual pretax savings of $65 million to $90 million net of reinvestment, the majority of which is expected this year. Copyright ©2024 Dow…
Business & Finance 21 November 2023, 2:14 pm 1 minute Reuters exclusively reported that India’s Jindal Power Ltd, the only company whose expression of interest to take over Go First was accepted by creditors, has decided to not follow through with a bid, three people familiar with the plans said, pushing the insolvent airline closer…
Amazon did not respond to BuzzFeed News’ initial request for comment. Later, the company said there was no change in its policy after all. “This morning’s email to some of our employees was sent in error,” Amazon said. “There is no change to our policies right now with regard to TikTok.” A spokesperson for TikTok…
The National Association of Realtors is grappling with more turmoil in its top leadership ranks just over two months after the trade group’s CEO stepped down well before his planned retirement. The Chicago-based organization said Monday that NAR president Tracy Kasper has resigned, effective immediately, and is being succeeded by the trade group’s president-elect, Kevin…