HONG KONG, May 8 Reuters Cashstrapped China Vanke is selling a large Shenzhen land plot at a reserve price of 2.24 billion yuan 310 million via auction, the developer39;s latest move to raise funds to ease its liquidity stress. The auction of the 19,000 squaremetre block, which the statebacked property developer bought in late 2017 for […]

Reuters Tyson Foods shares suffered their worst oneday decline in a year on Monday after the U.S. meatpacker warned that consumers are under pressure from persistent inflation and high commodity costs could weigh on upcoming results. The Arkansasbased meatpacker reported secondquarter sales that fell short of analysts39; estimates, though profits surpassed expectations. Thirdquarter results could be […]

CAGP, majority owned by Chandra Asri, to buy the assets Transaction expected to be completed by end2024 Buyers get foothold in Asia39;s main oil hub but refinery is old SINGAPORE, May 8 Reuters Shell said on Wednesday it has agreed to sell its refinery and petrochemical assets in Singapore, Asia39;s main oil hub, to a joint […]

Siemens Gamesa CEO Eickholt to step down by endJuly To resume 4.X sales in Europe by endSeptember Now expects 2024 sales to grow by 1012 Q2 profit before special items up more than fourfold Shares 11.5 FRANKFURTDUESSELDORF, May 8 Reuters Siemens Energy unveiled sweeping changes at its struggling wind division on Wednesday, including job cuts […]

Shares down 4 after margin miss in Europe Aviation business and systems integration weigh in Europe European margin to improve in Q2 Q1 EBITA of SEK 2.36 billion meets expectations May 8 Reuters Core profit at Sweden39;s Securitas rose 8 in the firstquarter year on year as expected on Wednesday but a dip in its profit […]

SEOUL, May 8 Reuters Korean Air will sell five of its planes to U.S. aerospace firm Sierra Nevada Corporation, the airline said in an exchange filing on Wednesday. Sierra Nevada recently won a 13 billion U.S. Air Force contract to develop a successor to the E4B Nightwatch, known as the Doomsday plane due to its ability to survive […]