Fitch

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Unilever has been struggling to grow its sales partly, according to Bank of America analysts, due to management that is ‘overly focused’ on profitability and unwilling to step up investment

It’s five years next month since Unilever, home of household brands from Hellmann’s mayonnaise to Dove soap and Domestos disinfectant, fended off an (...)

Unfinished apartment buildings at an Evergrande construction site. Photograph: Andrea Verdelli/Bloomberg

Trading of Evergrande Group shares was suspended in Hong Kong on Monday, days after Chinese media reported that the indebted property developer would (...)

Izzy Keane and Ailbhe Keane whose company Izzy Wheels designs colourful wheelchair wheel covers, claimed the EU’s Rising Innovator Award for women entrepreneurs following the launch of Disney x Izzy, a collaboration with the near-100 year-old media empire that saw it produce covers adorned with characters from Minnie Mouse to Marvel’s Spider-Man.

Goodbye 2021, the sequel to 2020 that dared to ratchet up January doom several apocalyptic notches and then stumbled on in that spirit for months. It(...)

A woman and a dog pass an Ulster Bank branch in Raheny, Dublin. The withdrawal of Ulster Bank from the Irish market would be a “major hammer blow” to customers and workers, the Dail has heard. Picture date: Thursday February 18, 2021. PA Photo. See PA story IRISH UlsterBank. Photo credit should read: Brian Lawless/PA Wire

Apple, whose shares soared by more than a third in 2021 amid booming demand for its new iPhone 13 and subscription services such as Apple TV+ and iCl(...)

Moody’s, Fitch and S&P downgraded Chinese property developers’ ratings 43, 54 and 30 times, respectively, in 2021, compared with six, 12 and 11 times in 2020. Photograph: Jerome Favre/EPA

Chinese property developers have been hit by record numbers of downgrades from international credit rating agencies this year, as Evergrande’s collaps(...)

The $550 million debt was part of a $2.2 billion rescue package WeWork struck with SoftBank in 2019 and drew down last year. Photograph: Kiyoshi Ota/Bloomberg

SoftBank sold $550 million (€486 million ) worth of WeWork debt it had provided the lossmaking property group during its liquidity crisis more than a (...)

The Evergrande Centre building in Shanghai . Photograph: Alex Plavevski/EPA

Fitch has become the first rating agency to declare that China Evergrande’s overseas bonds are in default after the world’s most indebted developer fa(...)

The China Evergrande Group logo at the lobby of the Evergrande Center in Shanghai, China. Photographer: Qilai Shen/Bloomberg

Some investors in China Evergrande say they have not received crucial bond payments after the expiry of a 30-day grace period on Monday, as the world’(...)

A man carries a box in front of Spice Bazaar at Eminonu district in Istanbul on Thursday. Turkey-watchers identify four key pressure points facing the economy. Photograph: Ozan Kose/AFP via Getty Images

Turkish president Recep Tayyip Erdogan’s defence of recent interest rate cuts and declaration of an “economic war of independence” has sent the lira p(...)

Evergrande Centre building in Shanghai:   The Chinese property group may not be the only one to struggle for finance. Photograph: Alex Plavevski/EPA

China’s property sector woes could spell trouble for prestige mega-projects in London, New York, Sydney and other top cities, as the developers behind(...)

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