Germany’s financial market watchdog BaFin is investigating Wirecard’s communication with investors directly ahead of the publication of a critical audit by KPMG, a spokeswoman for the regulator said on Friday.
The rebound has been powered by technology stocks but BofA said there were signs of “tech fatigue”. Tchnology stocks saw the first week of outflows so far this year, with investors redeeming $43 million worth, BofA said its weekly research note. Investors added $11.3 billion into bonds and $53.5 billion into cash in the past week, BofA said, with an internal indicator of sentiment at “extreme bearish”. …read more […]
Investors pulled $16.2 billion from stocks in the past week in the largest weekly redemption since the March stock market slump, according to the Bank of America’s weekly flows data.
Tesla Inc plans to reopen its sole U.S. car plant in Fremont, California as soon as Friday, Bloomberg reported https://www.bloomberg.com/news/articles/2020-05-08/tesla-aims-to-restart-fremont-plant-as-soon-as-friday-musk-says?sref=y3YMCJ4e on Friday, citing an email from the company to its staff.
Sony Corp said on Friday it will manufacture and donate medical face shields to hospitals in Japan, amid worries about the availability of protective equipment for healthcare workers dealing with the coronavirus pandemic.
Global shares rallied on Friday as investors cheered signs of improving Sino-American relations and looked towards more governments gradually reopening their economies.
National flag carrier Garuda Indonesia will seek to restructure $500 million of Islamic bonds due to mature next month, the deputy of the state-owned enterprises ministry said on Friday.
Siemens has secured a 3 billion euro ($3.25 billion) loan that will be transferred to the group’s Energy unit, which is scheduled to be spun off at the end of September, Chief Executive Joe Kaeser told Bloomberg TV on Friday.
Siemens is preparing for a prolonged economic trough triggered by the COVID-19 pandemic, Chief Executive Joe Kaeser told CNBC on Friday after releasing fiscal second-quarter results.
(Bloomberg) — Wall Street’s biggest firms are divided on where markets are heading to next.While most risk assets are well off their mid-March lows, when uncertainty about the global impact of the coronavirus outbreak was at its peak, there is little consensus on what is to follow. At the core of the debate is the long-term effectiveness of the massive stimulus from central banks and governments.When $8 Trillion in Global Fiscal Stimulus Still Isn’t EnoughCitigroup Inc., for one, doesn’t get the “puzzling” rise in stocks.“Extensive policy response, led by ample liquidity provided by central banks, likely contributed to the move …read more […]
Asian shares rose on Friday as a phone call between U.S. and Chinese officials raised hopes that trade tensions were easing,
Siemens Chief Financial Officer Ralf Thomas said the moderate sales decline expected by the German industrial company for its 2020 business year would mean a decline of up to 5%.
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