Signa Holds Last-Ditch Funding Talks as Insolvency Wave Looms
Signa is holding last-ditch talks with investors, hoping to secure a funding lifeline and avoid a wave of
2023-11-26 05:18
Benko’s €23 Billion Empire Starts Crumbling With Insolvency
A unit of Signa Prime Selection AG filed for insolvency in a Berlin court on Friday, Der Spiegel
2023-11-25 03:24
What We Know About Banks at Risk From Benko’s Crumbling Empire
The crumbling of Austrian tycoon Rene Benko’s property empire has investors on edge. Swiss lender Julius Baer Group
2023-11-23 22:59
US Airlines Keep Adding Seats They Can’t Get Anyone to Fill
A record 30 million people are expected to catch a flight over the Thanksgiving holiday, but airlines that
2023-11-22 18:47
Record Fosun Asset Sales Can’t Halt Stock Drop to Decade Low
Even after a record stretch of asset sales that total at least $6.6 billion in just two years,
2023-11-22 15:52
Julius Baer’s €600 Million Loans to Signa Draw Swiss Scrutiny
Julius Baer Group Ltd.’s exposure to the crumbling empire of Rene Benko is being monitored by Swiss regulator
2023-11-22 00:16
Julius Baer Warns of Lower Profit as Credit Provisions Jump
Julius Baer Group Ltd. warned that its full-year profit will probably decline after provisions for bad loans jumped,
2023-11-20 16:48
Israel Latest: Focus Turns to Gaza’s South in Next Stage of War
Israel said it was entering the “next stage” of the six-week-old war with Hamas, turning its attention to
2023-11-19 15:49
How United and Other US Airlines Lost Momentum on Sustainable Jet Fuel
United Airlines presents itself as the unrivaled leader in cleaner jet fuel. A recent ad campaign featuring the
2023-11-18 03:22
Xpeng’s Gu Sees Margin Recovery After Bigger-Than-Expected Loss
Xpeng Inc. Co-President Brian Gu said he expects margins to turn positive this quarter, after the Chinese electric-vehicle
2023-11-17 12:52
Signa Prime Pursues Investors to Bridge €2 Billion Fund Gap
Austrian tycoon Rene Benko’s Signa Prime unit has approached investors over the last few days seeking up to
2023-11-16 14:59
Apple’s Cook, BlackRock’s Fink Among CEOs Attending Xi Dinner
US business titans including Apple Inc.’s Tim Cook and BlackRock Inc.’s Larry Fink are set to attend a
2023-11-16 08:57