HONG KONG (Reuters) - Embattled Chinese property developer Shimao Group ( SIOPF ) said on Wednesday a Hong Kong court had adjourned until Aug. 12 a liquidation hearing against the company, allowing it more time to work with creditors on a revised restructuring proposal. Many Chinese property developers are facing liquidation lawsuits by creditors since the sector slipped into a...

06:17 AM EDT, 07/31/2024 (MT Newswires) -- Crown Holdings ( CCK ) said Tuesday that its subsidiary Crown European Holdings priced an offering of 600 million euros ($649.6 million) of 4.5% senior unsecured notes due 2030 at par. The company said it plans to use the net proceeds, together with cash on hand, primarily to pay its outstanding 2.625% senior...

06:16 AM EDT, 07/31/2024 (MT Newswires) -- CGI Federal (GIB) said late Tuesday that it intends to acquire Aeyon, an Artificial Intelligence technologies firm, for an undisclosed amount. The company said the acquisition would expand its federal offerings portfolio and relationships with critical national security clients. It added that it entered into a definitive purchase agreement on June 22, expected...

SAO PAULO, July 31 (Reuters) - Brazilian motor maker WEG on Wednesday reported second-quarter net income of 1.44 billion reais ($256.58 million), up 5.4% from a year earlier and slightly above the 1.35 billion reais expected by analysts polled by LSEG. ($1 = 5.6122 reais) ...