Category: Finance

Huaxia Happiness exposed itself to over 5.2 billion yuan of overdue debt involving a number of financial institutions

(hereinafter referred to as “Huaxia Happiness”) issued the “Announcement on the Failure of the Company and Subordinate Subsidiaries to Repay…

Pfizer estimates $15 billion profit this year from big sales of Chinese communist virus vaccine

Pfizer Inc. on Tuesday (Feb. 2) self-estimated that this year, sales of a vaccine for the Chinese common virus (Wuhan…

GameStop kills 60% in mid-day rush, falls below $100 per share Fed official speaks out

GameStop’s epic short-selling war is about to come to an end? GameStop opened down 42% on Tuesday (Jan. 2), and…

China’s largest meat producer Yurun reorganized in bankruptcy with debts of over 70 billion

On Monday evening, China’s Yurun Food announced that only two of its subsidiaries, Nanjing Yurun and Anhui Fureun, are involved…

Not optimistic Ali’s first statement: Ant Group listing has significant uncertainty

Alibaba Group, which is under “antitrust” investigation, released its fiscal year 2021 third-quarter earnings report on the Hong Kong Stock…

Costs soar + many competitors “Ghost Kitchen” is difficult to earn

As competition intensifies and costs rise, ghost kitchens threaten to take off and fall. The rise of “ghost kitchens” and…

Chinese solar giant defaults on $500 million in bonds

On Monday, Chinese solar giant GCL-Poly Energy Holdings Ltd. defaulted on its $500 million bonds after terminating its exchange offer…

Switching from fossil fuels to green energy Siemens Energy to cut 7,800 jobs by 2025

Siemens Energy plans to reduce its gas and power division by one-sixth; the timeline is to cut 7,800 jobs by…

New wave of epidemics hits China’s economy, dragging down service sector

China’s economy started the New Year on a weaker note and slowed more than expected due to a new wave…