By Clare JimHONG KONG (Reuters) - Hong Kong’s New World Development, which has been battling liquidity stress for the past three years, is set to report an interim net loss of up to $875 million on Friday, hurt by a prolonged property downturn and high interest costs.Investors are watching to see whether the deepening debt woes of New World, one of the biggest property developers in Hong Kong, c ...
By Himanshi Akhand(Reuters) -Australian cash-strapped casino operator Star Entertainment said it expects to receive bailout offers on Friday but warned it might not be able to file its first-half earnings which should be submitted by the end of the day.Star "anticipates that it will receive one or more liquidity proposals during the course of today," it said in a statement.Its earnings report can ...
By Lisa BarringtonSEOUL (Reuters) - Pilots first heard about a Chinese live-fire naval exercise near Australia last week when already in the air, receiving messages that forced some to change paths through a busy air corridor, satellite text messages to and from pilots seen by Reuters show.The incident highlights how airlines are increasingly having to react at short notice to geopolitical disrupt ...
By Nikhil Sharma and Purvi Agarwal(Reuters) - European shares closed at a record high on Wednesday as corporate earnings took centre stage and investors assessed the impact of a critical minerals agreement between the U.S. and Ukraine.The pan-European STOXX 600 index was up 1%, boosted by banks for a second consecutive session. Insurers followed with a 2.4% gain after Germany's Munich Re posted an ...