J.C. Penney gets rescue deal approval

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Source: Dukascopy Bank SA
A US judge approved a rescue deal for J.C. Penney Co, saving the firm from potential bankruptcy caused by the coronavirus crisis; the deal that is expected to save approximately 60K jobs.
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Tue, 10 Nov 2020 10:27:23 GMT

Huawei plans Honor unit sale

Huawei is planning a sale of its budget-brand phone unit Honor in the deal worth $15.2B to the Shenzhen government and Digital China-led consortium, Reuters reported on Tuesday.

Tue, 10 Nov 2020 08:20:29 GMT

Adidas sees sales returning to growth

Adidas, the German sportswear giant, is expecting its China sales returning to growth in the Q4, forecasting a similar sales decline level overall as the firm had reported in the Q3.

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