In a significant development a U.S. appeals court has revived a litigation wherein large banks had been accused of conspiring to rig the Libor interest rate benchmark, including during the 2008 financial crisis, to boost their profits at investors’ expense… Read More ›
According to public data, the iShares of ESG MSCI EM Leaders ETF saw heavy outflows this week, leading to a tenfold drop in the assets managed by the ETF focused on sustainable emerging-market companies. In September, Finland’s Ilmarinen Mutual Pension Insurance… Read More ›
From January 4, Germany will drop its demand for travellers from Britain to quarantine and provide a negative COVID-19 test – requirements that were imposed earlier in December during a surge of the Omicron coronavirus variant. In a tweet, the… Read More ›
In a statement IKEA said, it is raising the prices by around 9% following an increase in raw material prices and transportation costs. Previously, IKEA had said it was leasing more ships, buying more containers and re-routing goods between warehouses… Read More ›
In an interview to German daily Muenchner Merkur, BMW’s CEO Oliver Zipse said, the carmaker plans on creating up to 6,000 new jobs in 2022 as it prepares to meet heightened demand for its electric vehicles. “BMW is on a… Read More ›
In a statement South Korean chipmaker SK Hynix Inc said, it had completed the first phase of its acquisition of Intel Corp’s NAND flash memory chip business, having received regulatory nods from eight countries. The acquisition, which was signed in 2020, will… Read More ›
In a regulatory filing SpaceX reported that it had raised $337.4 million in equity financing. Earlier this year in October, SpaceX, which counts Alphabet Inc and Fidelity Investments among its investors, touched $100 billion in valuation following a secondary sale of… Read More ›
China Evergrande Group’s shares tumbled on Thursday after the crisis-hit real estate developer failed to pay offshore coupons due earlier this week. Evergrande, whose $19 billion in international bonds are in cross-default after missing a deadline to pay coupons earlier… Read More ›
In a statement China’s Geely Holding said, Zeekr, its premium electric mobility brand, will collaborate with Alphabet Inc’s self-driving unit Waymo to make electric vehicles for the latter, which will be deployed as fully autonomous ride-hailing vehicles across the United States…. Read More ›
On Wednesday, in a statement Russia’s Deputy Prime Minister Alexander Novak said, Moscow believes that the Nord Stream 2 gas pipeline will get the necessary certification and will eventually start working. Although construction on the Nord Stream 2 gas pipeline,… Read More ›
manageria.biz 