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- Ford’s EV business to lose $2 billion in 2022, offset by big profits in fleet and legacy unitsThe badge of a Ford Motor Company e-Transit electric vehicle during a presentation in Washington, DC, US, Wednesday, July 28, 2021. El Drago | Bloomberg | Getty Images Ford Motor said Thursday that its electric vehicle business lost $2.1 billion on an operating basis last year, a loss that was more than $10 billion in ...
- Food banks used by 3% of UK households – BBC NewsCost of living: Food banks used by 3% of UK householdsBBC
- Infosys announces retirement of Kiran Mazumdar-Shaw from the boardKiran Mazumdar-Shaw is the Chairperson and Managing Director of Biocon Limited. (file) New Delhi: Infosys today announced that Kiran Mazumdar-Shaw will retire from its board as an independent director on completion of her term on March 22, 2023. Accordingly, the Board has appointed D Sundaram as the lead independent director of the company with effect from ...
- Live news: Switzerland and Norway raise rates again in fight against inflationLive news: Switzerland raises rates again in fight against inflationfinancial Times Investment banks Cenkos and finnCap to merge in all-share dealsky News FTSE 100 opens lower as markets await Bank of England rate decisionProactive Investors UK UK investment banks Cenkos and finnCap to merge in £21 million dealreuters UK brokers Sencos and Fincap have agreed a deal worth £43 ...
- Swiss central bank hikes interest rates by 50 basis points despite Credit Suisse turmoilThe Swiss national flag hangs from the Federal Palace, the parliament building of Switzerland, in Bern, Switzerland, Thursday, December 13, 2018. The Swiss National Bank cut its inflation forecast and showed no inclination to close its crisis-era setting, citing the franc’s strength and rising global risks. Photographer: Stephen Wermuth/Bloomberg via Getty Images Bloomberg | ...
- Maruti Suzuki to increase prices of its entire range of cars from AprilMaruti Suzuki has announced plans to increase prices across its model range starting next month. The decision, revealed in a regulatory filing on Thursday, is aimed at mitigating the impact ...
- European lawmakers quietly fume at US regulators as SVB collapsesEU regulators and officials are concerned about a possible contagion in their banking sectors following the recent turmoil in the United States. However, he believes that the US should learn from some of the regulatory actions taken in the euro area. Basel III is a set of reforms that strengthen supervision and risk management of banks and ...
- Swiss regulator defends elimination of AT1 bonds in Credit Suisse dealSwiss financial regulator FINMA has defended its decision to write off the value of risky Additional Tier 1 bonds as part of the Credit Suisse rescue deal. The move angered some bondholders because Credit Suisse’s shareholders would receive payments. In a statement on Thursday, FINMA said AT1 “contractually provide that they will be fully written ...
- Russia launches deadly attacks across Ukraine as China’s Xi leaves Moscow(CNN) Russia launched a wave of deadly attacks on towns and cities across Ukraine on Wednesday as Chinese leader Xi Jinping left Moscow after talks with President Vladimir Putin. Xi left the Russian capital pledging to deepen ties with Putin but the meetings failed to achieve a breakthrough on Ukraine. According to Ukrainian officials, as soon as ...
- FM Sitharaman to meet CEOs of PSU banks amid ongoing global banking crisis: ReportFinance Minister Nirmala Sitharaman is scheduled to meet the managing directors of public sector banks (PSBs) on March 25 to review the performance in the backdrop of the failure of some banks in the US and the liquidity crisis faced by Credit Suisse. Finance Minister Nirmala Sitharaman will hold the first full review meeting with banks ...