Bloomberg Mexico’s economic contraction may be deeper than expected, according to Scotiabank. The bank now estimates Mexico’s gross domestic product (GDP) to drop 8.4% in 2020, more than the 5.77% contraction it predicted on March 20, due to the increasingly adverse economic indicators, Economia Hoy newspaper reported. The forecast was adjusted due to the lack of an effective policy response ...

Bloomberg Man Group Plc is facing a rise in withdrawals after being hit by $10.7 billion of losses last quarter amid unprecedented volatility in global markets. The investment firm pulled in net new cash and some of its hedge fund strategies made money, but it wasn’t enough to compensate for the drop in performance. Assets under management declined to $104.2 ...

Bloomberg Uber Technologies says a guilty plea by its former star engineer is proof that he’s a liar — and supports its decision to make Anthony Levandowski alone shoulder a $180 million legal award Google won against him. The ride-hailing company, which recruited Levandowski in 2016 from Alphabet Inc.’s self-driving car program, ended up firing him after the companies became ...