Hints and tips:
...Do also read the great John Plender’s essay on the overlooked threats to the global financial system....
...Nio listed in 2018 on New York’s Nasdaq exchange, but has struggled with heavy financial losses, production problems and the high costs of rolling out its battery swapping system — the technology at the...
...Waymo told the Financial Times that it had “a couple of hundred cars” in each of the three fully autonomous zones....
...If he is troubled by his company’s financial outlook, he did not show it in Xi’an on Saturday. Such was the demand to attend the Nio Day, tickets were available only through a lottery system....
...Job moves Edward Tilly, the chief executive of Chicago-based exchange operator Cboe Global Markets, has resigned after the company said he failed to disclose personal relationships with colleagues....
...Revenues from the group’s Aladdin risk management system and other technology services rose 8 per cent year on year to $359mn, above analysts’ expectations....
...Financial markets may have hit the buffers last year, but this did make one type of investment a lot more popular: buffered exchange traded funds....
...In the capital, there is evidence that message has not been delivered, and vaccine clinics visited by the Financial Times remain empty....
...Email me your thoughts at sid.v@ft.com. Latest news Amy Kazmin in Rome has a fascinating piece on why Giorgia Meloni is pushing back on Italy’s shift to digital payments....
...Separately, over the weekend Beijing praised comments Musk made on Taiwan in an interview with the Financial Times....
...And let’s not overlook the backlash to the Supreme Court rule, the Dobbs ruling on scrapping Roe v Wade....
...However, Xiaoxi Zhang, an expert on the Chinese financial system with research group Gavekal, said “the recovery trajectory is all but certain to be much weaker than the rapid rebound after the 2020 lockdowns...
...In a statement to the Financial Times, BYD said there had been no statement given to the Hong Kong exchange declaring a major shareholder was changing its holding in the company, which would be required...
...A version of this article was first published by Nikkei Asia on February 14 2023. ©2023 Nikkei Inc. All rights reserved....
...In an interview with the Financial Times in May, Musk said he considered the rise of Chinese EV makers a threat to his business. Tesla’s stranglehold on the luxury EV market is loosening....
...But Zach Edwards, founder of Victory Medium, a tech consultancy, said: “They can’t ban every app in China....
...Revenue rose 5 per cent year on year, and Fink said the company had received record new mandates for its Aladdin system, which helps other financial services companies manage risk....
...Turbulent global markets drove the $440bn California Public Employees’ Retirement System, the largest US public pension plan, to its first annual loss since the global financial crisis in 2009....
...The manoeuvre is known as the Texas two-step and seeks to exploit loopholes in the legal system but judges are beginning to crack down....
...Only 60 per cent of workers in south-east Asia are estimated to have bank accounts, Naik said, but ecommerce in the region is growing quickly as more consumers gain access to the financial system....
...Let us know what you think at imani.moise@ft.com and sid.v@ft.com. A programming note: FintechFT will take a one-week break in observance of the Easter holiday. The next issue will be April 25....
...“We work with governments to improve the resiliency of the financial system”, Fink said, adding that asset managers are different to banks because they are fiduciaries and their assets belong to their clients...
...Tesla’s interest in a direct financial commitment to secure capacity comes as industries ranging from cars to telecom equipment makers, such as Cisco, are seeking new ways to overcome the global chip shortage...
...Our new year’s resolution is to continue bringing you sharp analysis of the tech trends disrupting financial systems around the world....
...Jones, a financial services group....
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