Shares of JBS SA $JBSS3.SA, the world's largest meat supplier, have experienced their most significant decline in two years. This drop can be attributed to rising losses in the North American meat sector, despite profitable operations in poultry. This article will explore the current issues facing the company and its prospects for future development.
Chinese real estate developer Country Garden Holdings Co. has reported a significant decrease in losses for 2024. This development is particularly crucial for the company, which has faced defaults on its obligations and is actively working to engage creditors as part of its debt restructuring plan. This article will explore the factors that contributed to the reduction in losses and how the company plans to move forward.
Recent news about the financial difficulties of Porsche Automobil Holding SE has drawn attention from investors and analysts, highlighting significant shifts within the European automotive industry. According to a report, the company expects that in the 2024 financial year, losses after tax will amount to approximately €20 billion, equivalent to $21.7 billion. This data underscores the challenging circumstances faced by leading automotive manufacturers in Europe, particularly Volkswagen AG, the largest shareholder of which is Porsche SE.