Daimler sees operating loss ahead in Q2 over virus
German carmaker Daimler warned Wednesday that it would likely make an operating loss in the `second quarter due to the impact of the coronavirus pandemic.
Apr 29, 2020
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Page 7 - News tagged with financial markets
Automotive
Coronavirus calls into question PSA-Fiat Chrysler merger
Will they or won't they? On top of massive economic damage, the coronavirus pandemic now is casting doubt over the pending merger of PSA Group and Fiat Chrysler (FCA), financial sources told AFP.
Mar 25, 2020
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Business
What a seminal economics paper tells us about the future of creativity
Full disclosure: ChatGPT didn't write this—but theoretically, it could have. Generative AI has progressed to the point where its output seems comparable in style and quality to that of human content creators. At first glance, ...
Apr 18, 2024
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Business
Crypto could cause next financial crisis: India central bank chief
India's central bank governor warned Wednesday that cryptocurrency markets risked causing the next global financial crisis, saying the recent collapse of FTX was proof of the sector's "inherent risks".
Dec 21, 2022
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Business
Chinese regulator orders Ant Group to conduct major overhaul
Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of technology firms.
Apr 12, 2021
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Business
House panel to hold hearing on crypto exchange FTX collapse
Lawmakers plan to investigate the failure of FTX, the large crypto exchange that collapsed last week and filed for bankruptcy protection, leaving investors and customers staring at losses that could total in the billions ...
Nov 16, 2022
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Business
Hong Kong Stock Exchange unveils shock £32bn bid for London rival
The Hong Kong Stock Exchange has bid almost £32 billion for its London rival in a shock move Wednesday to bring together two of the world's largest financial hubs in Asia and Europe.
Sep 11, 2019
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Business
Archegos founder to go on trial for fraud, market manipulation
Archegos founder Bill Hwang will go on trial Monday for alleged securities fraud and market manipulation, prosecutors said, following the fund's spectacular 2021 implosion that cost large banks billions of dollars.
May 13, 2024
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Business
New rule tightens worker classification standards; Uber, Lyft say their drivers won't be affected
The Biden administration enacted a new labor rule Tuesday that aims to prevent the misclassification of workers as "independent contractors," a step that could bolster both legal protections and compensation for millions ...
Jan 9, 2024
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Business
ECB set to start countdown on new eurozone stimulus
The European Central Bank is likely to point Thursday to an interest rate cut in September, analysts say, although recent hints towards bucking up sluggish growth and inflation could even mean a move this week.
Jul 23, 2019
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