In a significant development, HSBC Holdings has suspended its head of responsible investing pending an internal investigation. The development comes in the wake of central bank policymakers and other global authorities saying financial risks of climate change has been exaggerated. HSBC… Read More ›
In a significant development a former CEO of Goldman Sachs, Lloyd Blankfein said, he believes the US economy is at risk of slipping into a recession, even as the U.S. Federal Reserve continues to tackle inflation by hiking interest rates. Blankfein… Read More ›
In a statement, BMW’s Chief Executive Oliver Zipse stated, he aims to further strengthen the carmaker’s alliance with Toyota and wants it to go beyond 2025. The current alliance revolves around fuel cells and convertibles vehicles. “In the next decades,… Read More ›
On Thursday, with China’s coronavirus continuing to spread at its fastest pace outside China, shares continued to plunge downward wiping out more than $3 trillion in value in this week alone. U.S. Treasuries yields also hit their record lows on… Read More ›
According to Chinese policy sources, Beijing plans on keeping its inflation target at 3% in 2020, in contrast to speculation that it might raise the bar to give room for extra economic stimulus. The inflation target, which will later this… Read More ›
On Monday, in a move that further eases liquidity in China’s slowing economy, People’s Bank of China (PBOC) stated on its website that it was lowering the seven-day reverse repurchase rate to 2.50% from 2.55%. This is the first easing… Read More ›
China’s Association of Automobile Manufacturers (CAAM) expects NEV sales to touch at least 1.6 million units in 2019. On Monday, China top automobile industry association stated, carmakers in the country are likely to face fiercer competition in 2019. Its statement… Read More ›
Although China has the tools to manage growing headwinds from its trade war with the United States, a strong stimulus is likely to pile on even more debt, while a loose policy could result in the fall of domestic interest… Read More ›
A weak yuan fits well into the ongoing global move of a loose monetary policy. Chinese policymakers have also made it very easy for investors to borrow and short-sell the yuan, which indicates that they are indirectly pushing down interest… Read More ›
Mark Begor, 59, is set to join Equifax on April 16, this year. His appointment at the help of the consumer credit rating agency comes at a time when the firm faces significant headwinds stemming from what is slated to… Read More ›
manageria.biz 