Factbox-China property rescue: Who are Ping An Insurance Group and Country Garden?
(Reuters) – Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the…
Earnings call: Nine Energy Service optimistic about Q4 and 2024 despite Q3 decline
In its Q3 2023 earnings report, Nine Energy Service (NYSE:NINE) revealed a revenue of $140.6 million and adjusted EBITDA of…
Reaction to Reuters report on Ping An, Country Garden
(Reuters) – Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the…
Continental hikes car market forecast, warns on 2024 outlook
(Reuters) – Germany’s Continental expects a strong fourth quarter for its automotive business and higher growth in the global auto…
Expeditors misses profit estimates on gloomy freight demand
(Reuters) – Logistics services provider Expeditors International (NASDAQ:EXPD) of Washington missed estimates for third-quarter profit on Tuesday due to a…
Coinbase to cease Bitcoin SV support amid ongoing controversy
Coinbase (NASDAQ:COIN), a top-tier U.S. cryptocurrency exchange, has announced it is discontinuing support for Bitcoin SV (BSV) by January 9,…
BizCap assists Performant Financial in securing $25m credit facility from Wells Fargo
Performant Financial, a provider of healthcare payments integrity and tech-enabled services, recently secured a $25 million credit facility from Wells…
World wine output to fall to lowest in 60 years
(Reuters) – World wine production is expected to fall to its lowest level in 60 years in 2023 due to…
Ballard Power Systems grapples with escalating cash burn, declining revenue
Ballard Power Systems (TSE:NASDAQ:BLDP), a company in the unprofitable sector, is facing concerns due to its increasing cash burn rate…
UK antitrust regulator to take on Big Tech with new legal power
(Reuters) – Britain’s antitrust regulator will gain legal powers to tailor rules for big tech companies, such as Meta (NASDAQ:META),…