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On March 23, Country Garden Holdings Co., Ltd. (02007.HK) announced in Hong Kong that the Group expects its profit for the year ended December 31, 2025 to be between approximately RMB1 billion and RMB2.2 billion, compared to a loss of approximately RMB35.145 billion in 2024. The turnaround to profit this year is mainly due to the non-cash gain recorded from the Groups debt restructuring. Excluding the impact of the aforementioned debt restructuring gain, the Groups loss was mainly due to industry factors, which put pressure on the gross profit margin of the Groups development business, and further impairment provisions for certain assets and property projects.Money markets reduced bets on a European Central Bank rate hike, with deposit rates now expected to be 2.72% by year-end, compared to an earlier forecast of 2.94%.U.S. energy stocks gave back gains in pre-market trading, with Chevron down 1.2%, ExxonMobil down 1.3%, Occidental Petroleum down 4.5%, and ConocoPhillips down 1.8%.On March 23, China Aoyuan (03883.HK) announced in Hong Kong that the company and AddHero are finalizing the distribution arrangements for the relevant trust assets and have exercised their discretion. In accordance with the terms of the China Aoyuan and AddHero schemes, without extending the application deadline (which expired on February 27, 2026), the holding period will be further extended to allow the trust assets to be distributed in accordance with the terms of the holding period trust deed. The holding period will end when the trust assets are distributed.According to RIA Novosti, Russian Foreign Minister Sergey Lavrov stated that the attack on Iranian nuclear facilities is unacceptable.

TotalEnergies To Restrict Russian Investment

Charlie Brooks

Apr 01, 2022 10:21

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TotalEnergies, the French oil corporation, has criticized the invasion of Ukraine and said that it would refrain from investing in new projects in Russia as a result of this event.


The business, which owns more than 19 percent of Russia's natural gas giant Novatek, made the announcement in response to Vladimir Putin's invasion of Ukraine on Tuesday.


The corporation claims that the conflict is a disaster for Ukrainians and a menace to Europe.


However, although TotalEnergies indicated its intention to halt future investment, it did not go as far as counterparts BP and Shell. Following Russia's invasion of Ukraine last week, which drew harsh penalties from Europe and the US, some businesses have moved to rethink their operations in the nation.


BP and Shell are two of the largest companies that have announced significant moves away from the Russian market.


BP said this weekend that it was selling its interest in state-controlled oil company Rosneft, while Shell announced on Monday that it was exiting joint ventures with global natural gas powerhouse Gazprom.


TotalEnergies' action indicates that it intends to stay in the nation, although in collaboration with the EU and US governments.


The corporation pledged in its statement to support and enforce all measures imposed so far against Russia, "regardless of the impact" these penalties may have on its assets and operations in the nation.

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