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China Evergrande liquidation hearing in Hong Kong court adjourned to January

Business
Jessica Roberts

[1/4]The company logo is seen on the headquarters of China Evergrande Group in Shenzhen, Guangdong province, China September 26, 2021. REUTERS/Aly Song/File ...

Europe’s Signa toppled in property rout

Business
Jessica Roberts

VIENNA/FRANKFURT, Nov 29 (Reuters) – Property and retail giant Signa declared insolvency on Wednesday after last-ditch attempts to secure fresh funding failed, ...

China wealth manager Zhongzhi flags insolvency, $64 billion in liabilities

Business
Jessica Roberts

BEIJING, Nov 23 (Reuters) – China’s Zhongzhi Enterprise Group, a leading wealth manager, told investors it is heavily insolvent with up to ...

SoftBank’s WeWork, once most valuable US startup, succumbs to bankruptcy

Business
Jessica Roberts

Nov 6 (Reuters) – WeWork (WE.N), the SoftBank Group (9984.T)-backed startup whose meteoric rise and fall reshaped the office sector globally, sought ...

Ex-crypto mogul Sam Bankman-Fried convicted of defrauding FTX customers

Business
Jessica Roberts

[1/5]FTX founder Sam Bankman-Fried looks on during his fraud trial over the collapse of the bankrupt cryptocurrency exchange as U.S. District Judge ...

New York law firm Stroock to dissolve after 147 years

Trending
Sarah Wilson

A boardroom is seen in an office building in Manhattan, New York City, New York, U.S., May 24, 2021. REUTERS/Andrew Kelly/File Photo ...

WeWork shares sink to record low on reports bankruptcy filing imminent

Trending
Sarah Wilson

A sign marks a WeWork location in Boston, Massachusetts, U.S., August 14, 2023. REUTERS/Brian Snyder Acquire Licensing Rights Nov 1 (Reuters) – ...

China Evergrande granted final reprieve as winding-up hearing adjourned

Business
Jessica Roberts

An Evergrande sign is seen near residential buildings at an Evergrande residential complex in Beijing, China September 27, 2023. REUTERS/Florence Lo/File Photo ...

FTX founder Sam Bankman-Fried kicks off fraud trial defense case

Business
Jessica Roberts

Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud ...