Independent thinking for complex markets and current events
The entire global LNG map rewired in 30 days. The flows did not collapse. They rerouted straight to American exporters. And nobody has mapped what this means. In February, Qatar shipped 8.4 billion cubic meters of LNG to Europe. In March, after Iranian retaliation strikes destroyed two liquefaction trains and the gas-to-liquids facility at Ras …
Tech Layoff Tracker @TechLayoffLover I am hearing from multiple sources inside Oracle that the company is planning thousands of job cuts. Potentially 20,000 to 30,000 roles across the board. This is to free up $8-10 billion in cash flow. All to fund massive AI data center expansion. US banks are pulling back from financing. Borrowing …
Officials at agencies throughout the Department of Health and Human Services say they are bracing for steep layoffs, as Secretary Robert F. Kennedy Jr. and his aides are nearing their final decisions on a sweeping restructuring of the department. Decisions by Kennedy and his team on the changes to the department’s makeup and organization are …
View post on imgur.com Time magazine is cutting 22 roles across departments, including editorial, technology, sales & marketing and Time Studios. In a memo to staff announcing the layoffs Tuesday, Time CEO Jessica Sibley cited business challenges, including lower advertising budgets, competition and shifts in consumer behavior, and a shift to focus on higher growth …
Nike is cutting 2% of its current workforce, or more than 1,500 jobs, as part of a broader restructuring, the company said late Thursday. The Beaverton, Oregon-based sneaker giant said it wants to better use its capital to invest in its growth areas, such as running, women’s and the Jordan brand. “This is how we …
This is a new very bad development as until recently Evergrande was facing “just” a restructuring. Liquidation = death. Panic then possible as many others potentially in line for the same fate. Decision date is Monday 30 October, in 20 days. via YAHOO: (Bloomberg) — A group of offshore creditors of China Evergrande Group said …
by waitingonawait Friend thinks this will be a nuke to the economy. https://www.reuters.com/world/china/chinese-developer-country-garden-faces-fresh-offshore-payments-deadline-2023-10-09/ HONG KONG, Oct 9 (Reuters) – China’s Country Garden (2007.HK) may announce a restructuring plan for its offshore debt soon, local media reported on Monday, as the country’s largest private property developer faced another looming debt deadline. The developer, which missed two dollar interest …
(Bloomberg) — Global funds further trimmed their Chinese stock holdings in September, extending a relentless selloff and lowering their average position in the country to the lowest level since 2020, Morgan Stanley said. Net monthly outflows from active long-only managers in China and Hong Kong equities totaled $3.2 billion during the month largely due to …