The large-scale government intervention in airlines triggered by the coronavirus crisis will hold back sector consolidation for up to five years, the head of global industry body IATA predicted on Wednesday (Mar 17).
Shares of Sun Country Airlines Holdings Inc, a low-cost carrier backed by private-equity firm Apollo Global Management Inc, jumped around 38per cent in their Nasdaq debut on Wednesday.
The acting chair of the U.S. securities regulator on Wednesday called for clearer disclosures on how asset managers cast the votes that dominate most corporate elections.
Volvo Cars, which is owned by China's Geely, will temporarily stop or adjust production in China and the United States for parts of March due to a global shortage of semiconductor chips, it said on Wednesday (Mar 17)
Shares of Sun Country Airlines Holdings Inc, a low-cost carrier backed by private-equity firm Apollo Global Management Inc, jumped around 38per cent in their Nasdaq debut on Wednesday.
Americans spent 42 per cent less on travel in 2020 as US spending fell US$492 billion amid the COVID-19 pandemic, according to an industry group.
Morgan Stanley has become the first big U.S. bank to offer its wealth management clients access to Bitcoin funds, CNBC reported on Wednesday.
Morgan Stanley has become the first big U.S. bank to offer its wealth management clients access to Bitcoin funds, CNBC reported on Wednesday.
Coinbase Global Inc, the largest U.S. cryptocurrency exchange, said on Wednesday recent private market transactions had valued the company at around US$68 billion this year ahead of a planned stock market listing.
Volkswagen expects to double electric vehicle deliveries and increase profits for its core brand this year after the world's second-largest carmaker stepped up its switch to fully electric vehicles.
