Billions at stake: Property giant Evergrande is facing new crisis

[ad_1] One of the world’s biggest debt restructuring plans has been thrown into uncertainty raising fears of a major Chinese property crisis. The fear of the possible defaulting of Chinese…

News you need: Saturday, September 23, 2023

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Toshiba to come off the stock exchange after consortium takeover

[ad_1] Toshiba will delist from the Tokyo Stock Exchange within about a month, ending its more than seven-decade history as a listed company. Toshiba is set to be delisted after…

Chip designer Arm secures almost $5 billion in mammoth IPO

[ad_1] British chip designer Arm Holdings’ shares debut on the Nasdaq on Thursday, in what is the largest initial public offering in nearly two years. The market waited with bated…

Birkenstock next European company to file for Wall Street

[ad_1] Birkenstock is following in UK chip-maker Arm’s footsteps as a high-profile European company seeking a public offering in the US rather than the old continent. German sandal maker Birkenstock,…

News you need: Friday, September 8, 2023

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Hanesbrands enters Champion licensing deal with global fashion group

[ad_1] HanesBrands Inc.’s latest maneuver to address its financial, production and marketing challenges is entering a multi-year Champion and C9 Champion license agreement with global fashion conglomerate G-III Apparel Group Ltd.…

Saudi Telecom Company becomes Spanish Telefónica’s top shareholder

[ad_1] Saudi Arabia’s STC Group has amassed a 9.9% stake worth €2.1 billion in the Spanish multinational telecommunications company The Saudi Telecom Company (STC) has bought a 9.9% stake in…

Novo Nordisk topples LVMH as Europe’s most valuable company

[ad_1] The Danish drugmaker has ended French luxury group LVMH’s two-and-a-half-year reign as the most valuable company in Europe. Novo Nordisk’s stock price kept climbing in European trading on Tuesday…

Asian shares surge after good news from US jobs market

[ad_1] Stocks were higher in Asia on Monday after Wall Street was boosted by a report that signalled the US jobs market, while still healthy, is showing some signs of…