China’s top market regulator has launched an inspection into Luckin Coffee , joining the country’s securities watchdog in doing so as the coffee chain comes under scrutiny for fabricating millions of dollars worth of sales deals.
U.S. chipmaker Broadcom has offered to settle an EU antitrust investigation into its exclusivity deals with TV and modem makers, EU antitrust regulators said on Monday.
Japan’s Nissan Motor Co Ltd will slash its domestic auto production plans by 70% in May and 43% in June, documents seen by Reuters show, as the impact of the coronavirus shakes the troubled automaker.
Top news and what to watch in the markets on Monday, April 27, 2020. …read more […]
Georgia Gov. Brian Kemp’s decision to open some nonessential businesses this week was embraced by some while drawing protests from others. WSJ’s Cameron McWhirter reports from on the ground near Atlanta as business owners weigh saving their businesses and safety concerns. Photo: Ron Harris/AP …read more […]
Oil prices fell on Monday on concerns about scarce storage capacity and global economic doldrums from the coronavirus pandemic.
German insurer Allianz has struck a deal to invest in the bancassurance business of Spanish lender BBVA , two sources close to the matter told Reuters, adding that an announcement could come as early as Monday.
Apr.27 — Prime Minister Boris Johnson, in his first public statement since returning to work after his hospitalization for Covid-19, urged the U.K. not to let up on the social distancing measures that he said are bringing the coronavirus under control. Lifting the lockdown now would risk a “second spike” of infections that would do even more damage, he said outside 10 Downing Street. …read more […]
(Bloomberg) — Deutsche Bank AG became the latest European lender to try and put a price on the pain ahead because of the coronavirus, setting aside about 500 million euros ($542 million) to cover souring loans after a better-than-expected first quarter performance.Provisions for soured credit were probably the highest in six years and the lender scrapped its minimum target for capital buffers, the company said late Sunday. At the same time, revenue and net income beat analyst estimates during the three-month period, for a large part unaffected by the outbreak.Chief Executive Officer Christian Sewing has been trying to reassure stakeholders …read more […]
Manward Press Founder Andy Snyder takes a look at the current mess in the oil market and the valuable lesson it teaches us when forming a strong diversification strategy.
Anyone who lost a bunch of money over the last eight weeks… pay attention. We’ve got some valuable advice.We started in the money business right out of college. We remember getting our diploma one day and grabbing a fresh stack of books seemingly the next, studying for our licensing exams. We aced them. They weren’t hard.
We were quizzed on the stuff we’d been reading about for years – the prize-winning theories… the …read more […]
Shares in Air France-KLM and Lufthansa led European stock market gains on Monday on hopes that government bailouts would see them through the coronavirus crisis. Lufthansa was up 7% in Frankfurt after a German minister said it would need to be supported, while Air France-KLM was 3.5% higher at 0829 GMT as investors digested a 7 billion euro ($7.6 billion) French state loan package announced late on Friday. Lufthansa, which warned last week it had cash to survive just weeks unaided amid a global air travel shutdown, is in talks over a state aid package worth …read more […]
Shares in Air France-KLM and Lufthansa led European stock market gains on Monday on hopes that government bailouts would see them through the coronavirus crisis.
Stock markets rallied on Monday as the Bank of Japan added more stimulus to cushion the impact of the coronavirus and investors cheered news more countries were easing lockdowns, though the oil price took another tumble with storage running short.
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