Citi names Gutiérrez-Orrantia Europe banking and cluster head in restructure
By Andres Gonzalez LONDON Nacho Gutiérrez-Orrantia, one of Citi's most senior bankers in Europe, will become banking and
2023-11-20 22:51
Reaction to Alibaba's scrapping of cloud unit spin-off
HONG KONG Hong Kong-listed shares of China's Alibaba Group plunged 10% on Friday, wiping about $20 billion off
2023-11-17 17:47
Alibaba's U-turn on cloud unit spin-off lops $20 billion off its market value
By Donny Kwok and Casey Hall HONG KONG/SHANGHAI (Reuters) -Alibaba Group's Hong Kong shares slumped 10% on Friday after it
2023-11-17 12:15
Finland's Neste to cut 400 jobs in cost cutting drive
COPENHAGEN Finland's Neste said on Wednesday it plans to save 50 million euros ($53 million) annually through measures
2023-11-01 16:16
Entertainment giant Endeavor announces review of strategic options
(Reuters) -Global sports and entertainment giant Endeavor Group Holdings said on Wednesday it has begun a formal review to evaluate
2023-10-26 05:16
China's Country Garden warns of default again as property sales plunge
For the second time in just over two months, Country Garden has warned investors that it could default on its $190 billion debt in a reminder that China's real estate crisis is far from over.
2023-10-10 17:22
French retailer Casino finalises rescue deal led by Czech tycoon
By Dominique Vidalon PARIS (Reuters) -French supermarket group Casino has finalised a deal to avert bankruptcy through a debt restructuring
2023-10-05 23:48
SAS shares plunge 95% as restructuring wipes out owners
COPENHAGEN Shares in SAS tumbled 95% in opening trade on Wednesday after the Scandinavian airline announced new big
2023-10-04 15:17
Carlyle pulls back from US consumer bets as part of strategic overhaul -source
By Anirban Sen (Reuters) -Private equity firm Carlyle Group plans to pull back from investing in U.S.-based consumer, media and
2023-10-03 07:20
Brazil airline Azul completes payment deal with lessors, OEMs
SAO PAULO Brazilian airline Azul has completed restructuring obligations it had with most of its lessors and equipment
2023-10-02 19:27
Casas Bahia executive quits as crisis deepens at Brazil retailer
SAO PAULO A top executive of Casas Bahia has decided to quit after less than five months on
2023-09-27 23:59
SAS says bids in equity solicitation process being evaluated
STOCKHOLM Airline SAS said on Tuesday the evaluation process is ongoing after the period ended for making final
2023-09-26 15:21