Browsing: $3.5 billion

Norway’s Equinor has made headlines by selling its stake in a Brazilian oil field for a staggering $3.5 billion! This bold decision signals a significant strategic shift in the company’s investment portfolio. With this move, Equinor is not just reshaping its future but also honing in on key assets to enhance operational efficiency.

Sunac China has projected a substantial loss of $3.5 billion for 2024, marking a significant increase from previous estimates. The company’s financial struggles reflect ongoing challenges in China’s real estate sector, raising concerns among investors.