SAIC Motor sees up to 90% drop in 2024 profits
Investing.com — SAIC Motor Corp., the Chinese collaborator of General Motors Co (NYSE:GM)., has announced that its preliminary profit for 2024 could see a drop as extreme as 90%. This drastic decline is attributed to a writedown of the American
SES SA shores up bonds amid rising competition
Investing.com — Satellite operator SES SA has taken steps to bolster its bonds, which have recently been under pressure due to increasing competition, notably from Elon Musk’s Starlink. This move has led to a notable recovery in its debt. The Luxembourg-based
France pushes for overhaul of European ESG regulations
Investing.com — France is advocating for a significant revision of European regulations, particularly those related to Environmental, Social, and Governance (ESG) rules. This comes as Europe grapples with its competitiveness amid extensive deregulation in the United States, led by President
Probably time to invest in Europe, BlackRock’s Fink tells Davos
DAVOS, Switzerland (Reuters) -There is too much pessimism around Europe and it could be time to be investing back in the region, BlackRock (NYSE:BLK) CEO Larry Fink said at the World Economic Forum annual meeting on Friday. Euro zone business began
China 2024 fiscal revenue growth shrinks, non-tax income jumps
BEIJING (Reuters) -China’s fiscal revenue in 2024 grew 1.3% from a year earlier, slowing sharply from a 6.4% rise in 2023, finance ministry data showed on Friday, as a protracted property market slump and slowing domestic demand weighs on the