Business & Finance
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Hire SWN Company To Detail Report Before Going To Inverse

Edna J. May
Business - Susquehanna Workforce Network

SWN has reported $603.43 million in the sale for the fiscal quarter and Zack report. This provides the right analysts to have some issues with earning. On the other hand, it has the lowest sale estimate of $589.66 million and has the highest at $626. 64 million. This company has posted sales of up to $636.00 million at the time of the quarter and also suggested a negative year over the growth rate up to 5.1% and this company issue in the next earning report by Thursday, October 22nd. When you don’t have ideas over it, you are suggested to … Read More

Business & Finance
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China says to penalise Luckin Coffee for accounting fraud

Edna J. May

BEIJING (Reuters) – Chinese regulators said they would penalise Luckin Coffee after confirming accounting fraud that has already forced the company to delist from the U.S. Nasdaq exchange.

The Ministry of Finance, which began an investigation into Luckin Coffee (China) and Luckin Coffee (Beijing) in early May, found Luckin booked 2.25 billion yuan ($322.60 million) of sales through fake coupons from April 2019 to the end of last year, it said in a statement on its website on Friday.

It also found Luckin inflated sales by 2.12 billion yuan klik disini during the period, while costs were inflated by 1.2

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Business & Finance
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German ministers face grilling over Wirecard collapse

Edna J. May

Frankfurt am Main (AFP) – Germany’s finance and economy ministers will be grilled by lawmakers on Wednesday about the massive fraud scandal that brought down payments provider Wirecard, amid criticism that authorities failed to act on early warning signs.

Wirecard filed for insolvency last month after admitting that 1.9 billion euros ($2.2 billion) missing from its accounts did not exist.

Former CEO Markus Braun has been arrested on suspicion of falsifying accounts and market manipulation.

The Wirecard revelations have stunned Germany, drawing comparisons with the Enron accounting scandal in the United States almost two decades ago.

Germany’s parliamentary finance committee

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Business & Finance
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KKR Real Estate Finance Trust Inc. — Moody’s assigns first-time Ba2 backed senior secured rating to KKR Real Estate Finance Trust’s Term Loan B; outlook stable

Edna J. May

Rating Action: Moody’s assigns first-time Ba2 backed senior secured rating to KKR Real Estate Finance Trust’s Term Loan B; outlook stable

New York, July 27, 2020 — Moody’s Investors Service, (“Moody’s”) has assigned a first-time Ba3 corporate family rating to KKR Real Estate Finance Trust Inc. (KREF) and a backed Ba2 rating to the company’s senior secured term loan B, issued by subsidiary KREF Holdings X LLC. The outlook for both entities is stable.

The rapid and widening pandemic and corresponding deterioration in the global and US economic outlooks are leading to significant declines in commercial activity, eroding the financial … Read More