© Reuters. FILE PHOTO: An advertisement of property developer Sunac China Holdings is seen at a residential complex in Shanghai, China March 25, 2018. Picture taken March 25, 2018. REUTERS/Stringer/File Photo By Xie Yu HONG KONG (Reuters) -Creditors of Sunac China Holdings Ltd have approved its $9 billion offshore debt…

© Reuters. Striking United Auto Workers walk the picket line outside the Ford Michigan Assembly Plant in Wayne, Michigan, U.S. September 17, 2023. REUTERS/Rebecca Cook By David Shepardson and Joseph White (Reuters) -The United Auto Workers union said it would announce on Friday more plants to strike if no serious…

© Reuters. FILE PHOTO: The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photo (Reuters) – Chinese property developer Country Garden won bondholders’ approval on the last of a batch of eight local notes it…

© Reuters. General view of the site of the derailment of a train carrying hazardous waste, in East Palestine, Ohio, U.S., March 2, 2023. REUTERS/Alan Freed/File photo By David Shepardson (Reuters) – Norfolk Southern (NYSE:) said on Monday it launched an interim program to compensate homeowners around East Palestine, Ohio…

© Reuters. An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems due to a cyber attack in Las Vegas, Nevada, U.S., September 13, 2023. REUTERS/Bridget Bennett By Zeba Siddiqui SAN FRANCISCO (Reuters) – Hackers who breached casino giants MGM Resorts (NYSE:) International…

© Reuters. Amid economic uncertainty in the United States, Mike Wilson, Morgan Stanley’s top U.S. equity strategist, has advised investors on Monday to focus on late-cycle stock sectors. This advice comes as part of a balanced portfolio approach that involves a combination of defensive growth sectors and late-cycle cyclicals. Wilson’s…

© Reuters European equities experienced a noticeable decline on Monday, September 18, 2023, as investors remained cautious in anticipation of the monetary policy decisions from the Federal Reserve, the Bank of England (BoE), and the Bank of Japan (BoJ). This caution was reflected in the pan-European , which fell by…

© Reuters. FILE PHOTO: A logo of Chinese developer Country Garden is pictured in Tianjin, China August 18, 2023. REUTERS/Tingshu Wang/File Photo HONG KONG (Reuters) – Embattled Chinese developer Country Garden has won approval from creditors to extend repayment on another onshore bond, the last in the batch of eight…

© Reuters. FILE PHOTO: Bottles of prescription painkillers Oxycodone Hydrochloride, 30mg pills, made by Mallinckrodt sit on a counter at a local pharmacy, in Provo, Utah, U.S., April 25, 2017. REUTERS/George Frey/File Photo (Reuters) – Bankrupt drugmaker Mallinckrodt (OTC:) is in talks with major investors about selling some or all…

2/2 © Reuters. FILE PHOTO: Israeli Prime Minister Benjamin Netanyahu speaks as he attends an economic forum at Ministry of Enterprises and Made in Italy, in Rome, Italy, March 10, 2023. REUTERS/Remo Casilli/File Photo 2/2 By Sheila Dang and Ari Rabinovitch (Reuters) – Israeli Prime Minister Benjamin Netanyahu urged Elon…