Category: Business
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Country Garden Lost $24.33 Billion in 2023
The Chinese developer released its long-delayed results showing that its net loss narrowed in the first half of 2024 following a record loss in 2023.
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Canada Approves Bunge’s $8.2 Billion Deal for Viterra
Canada has approved Bunge’s $8.2 billion deal for Glencore-backed Viterra, as the companies agreed to concessions to address previous antitrust concerns.
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SGS, Bureau Veritas in Talks for Potential Multibillion-Dollar Tie-Up
The Swiss and French companies are in talks about a combination that would create a giant in Europe’s inspection, certification, and testing services industry, with a combined market value of some $33 billion.
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Experian Posts Revenue Growth in Line With Guidance
The company reported total revenue growth of 8% at constant exchange rates for the third quarter of fiscal 2025, and confirmed its guidance for the year.
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Basic Materials Roundup: Market Talk
Find insight on Clariant, Newmont and more in the latest Market Talks covering Basic Materials.
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BP Expects to Book Up to $2 Billion in Charges, Sees Lower Upstream Production
The British oil-and-gas giant said the non-cash, post-tax charges are attributable across its business divisions.
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Persimmon Profit Seen at Upper End of Views
The house builder said its 2024 private sales rate was ahead of last year’s and that underlying pretax profit will be at the higher end of expectations.
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Ocado Retail Revenue Soars
Ocado said revenue from Ocado Retail, its joint venture co-owned with Marks & Spencer grew sharply, driven by improved volumes and a record Christmas performance.
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Malibu’s Famous Fish Shack Is Gone. Its Owners Aren’t Sure They Can Rebuild.
The Reel Inn was destroyed after more than 30 years in Malibu. Such small independent businesses have a more difficult time than others bouncing back from natural disasters.
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Clariant Gets Damages Claim from BASF
Clariant said it was served with a damages claim by BASF over alleged infringements of competition law on the ethylene purchasing market passed by the European Commission in July 2020.