In a decision Wednesday from Ottawa, policy makers led by Governor Tiff Macklem held the bank’s overnight rate at 0.25% and reiterated a pledge not to raise borrowing costs before damage from the pandemic is fully repaired, something the central bank …
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Japanese car manufacturer Nissan was going through a rough patch before the COVID-19 pandemic emerged and caused major disruption in the global automobile market. Even, as the industry is returning to a status resembling normalcy, the troubles of …
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MUMBAI: Former economic affairs secretary Atanu Chakraborty is likely to be the next chairperson of the country’s largest private sector lender HDFC Bank, said one person aware of the matter. The appointment is subject to the Reserve Bank of India’s …
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Tesla’s rocketing share price this year has created an army of millionaires – self-named ‘Teslanaires’. Shares in Elon Musk’s electric car firm have risen more than 700% during 2020 to become the world’s most valuable car company. But it’s been a …
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What a whirlwind holiday for Jack Ma and his fintech empire. The People’s Bank of China, the country’s central bank, summoned Ant Group for regulatory talks on December 26, announcing a sweeping plan for the fintech firm to “rectify” its regulatory violations …
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