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Banks ordered to face big investors' currency rigging suit

POSTED: Fri, 29 May 2020 10:54:00

(Reuters) — A U.S. judge on Thursday said institutional investors, including BlackRock Inc. and Allianz SE’s Pacific Investment Management Co., can pursue much of their lawsuit accusing 15 major banks of rigging prices in the $6.6 trillion-a-day foreign exchang... Read Article

Insurers report first combined quarterly loss in nearly two decades

POSTED: Fri, 29 May 2020 06:18:00

Data from the Australian Prudential Regulation Authority showed that general insurers reported a $1 billion Australia ($663 million) loss in the first quarter.... Read Article

Serious concerns with cargo ship that lost 40 containers

POSTED: Fri, 29 May 2020 06:17:00

An investigation by the Australia Maritime Safety Authority found serious concerns with the way the load was secured on cargo ship APL England, which lost 40 containers in rough seas off the coast of New South Wales on May 25.... Read Article

UK car industry to lose more than $15 billion due to pandemic

POSTED: Fri, 29 May 2020 06:16:00

The Society of Motor Manufacturers and Traders has said that the COVID-19 pandemic is expected to cost the U.K. car industry up to £12.5 billion ($15.4 billion) in revenues in April.... Read Article

Premiums rise 6% in Central, Eastern Europe

POSTED: Fri, 29 May 2020 06:14:00

Gross written premiums increased nearly 6% year-over-year to more than €39 billion ($43 billion) in 2019 in Central and Eastern Europe.... Read Article

Coronavirus dents major business sectors' output

POSTED: Fri, 29 May 2020 06:11:00

South Korea-based corporate analysis firm CEO Score said that the output of 17 of the country's 29 major business sectors declined in the first quarter due to the coronavirus pandemic.... Read Article

Tokio Marine unit seeks dismissal of COVID-19 suit

POSTED: Thu, 28 May 2020 14:57:00

A U.S. unit of Tokio Marine Group of Cos. filed a motion to dismiss a Las Vegas restaurant chain’s coronavirus-related business interruption suit on Tuesday.... Read Article

Carnival, pharmaceutical firm face virus-related suits

POSTED: Thu, 28 May 2020 14:41:00

Pandemic-related putative securities class-action lawsuits were filed this week by shareholders against Carnival Corp. and a biopharmaceutical company that allegedly falsely promised a vaccine.... Read Article

Arizona files consumer fraud suit against Google

POSTED: Thu, 28 May 2020 14:25:00

Arizona filed a consumer fraud lawsuit against Alphabet Inc.'s Google LLC on Wednesday, alleging that the U.S. tech giant used "deceptive" and "unfair" practices to obtain the location data of users.... Read Article

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