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18.07.2024 17:42
BOE Is Scrutinizing Bank Margin Rules to Stop Another Archegos UK regulators are examining the policies banks use when deciding how much margin to demand from clients as they look to avoid another incident like the implosion of Archegos Capital Management, which cost the industry billions of dollars and plunged Credit Suisse into a crisis that ultimately led to its collapse.

18.07.2024 17:40
ECB Leaves Interest Rates Unchanged The European Central Bank left interest rates unchanged after last month’s landmark cut — giving away little on its plans as investors and economists bet on another move in September. TheВ deposit rateВ was kept at 3.75% on Thursday — as all 55 economists in a BloombergВ surveyВ predicted. Lizzy Burden reports from Frankfurt. (Source: Bloomberg)

18.07.2024 16:32
UK’s Reeves: Tough Decisions Ahead on Public Finances UK Chancellor of the Exchequer Rachel Reeves says “difficult decisions” are ahead as she works to fix Britain’s public finances, raising the prospect of tax hikes or spending cuts in her first Budget in the autumn. “I’m going to be honest about the scale of the challenge, I’m going to level with people,” Reeves told Bloomberg’s Francine Lacqua in her first TV interview since becoming Britain’s first female chancellor.

18.07.2024 14:24
Saudi National Carrier Firms Up Lilium Flying Taxi Order Saudi Arabia’s national carrier will buy 50 electric aircraft from German manufacturer Lilium NV, with an option to double the purchase as the oil-rich kingdom looks for advanced modes of travel to tourist attractions.

18.07.2024 11:32
ABB CEO on Margin, Data Center Demand, China ABB Ltd. recorded a record 19% margin in the second quarter driven by strong demand from data centers, offsetting declines in other business areas. CEO Björn Rosengren attributes the results to growing demand for AI, data centers and global electrification. Speaking to Bloomberg’s Tom Mankenzie on “Daybreak Europe,” he says demand for electrification should continue to grow in the long-term.


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