December 18, 2023 8:22 am
Metro Bank (MTRO) announced last Friday that it had moved away from its planned sale of a GBP 3 billion mortgage portfolio, as it cited market conditions. The British lender started to explore the potential sale in October as part of urgent moves to strengthen its balance sheet. “Given the prevailing market environment, it is […]
Read moreDecember 17, 2023 12:30 pm
Hewlett Packard Enterprise said on Friday that it had appointed Marie Myers as its new Executive Vice President and Chief Financial Officer, effective January 15th 2024. Myers has been CFO of HP Inc since 2021 and has spent over 20 years in a number of financial leadership roles at the company. Before her CFO role […]
Read moreDecember 16, 2023 2:34 pm
Mountain Valley MD Holdings Inc said on Friday that it had appointed Yong Yao as its next Chief Financial Officer, effective January 15th 2024. The company’s current Chief Financial Officer, Lucie Letellier, has resigned due to health issues. Letellier will assist with the transition to the new CFO. Yao brings vast expertise in financial markets, […]
Read moreDecember 15, 2023 12:27 pm
Crawford United Corporation said on Friday that its Board of Directors had authorized a share buyback program, under which the company may repurchase up to 300,000 of its Class A and/or Class B common shares. The share repurchases may be conducted from time to time in the open market at prevailing market prices, in privately […]
Read moreDecember 15, 2023 10:53 am
BMW Group said on Thursday that it had obtained a test license for Level 3 autonomous driving on high-speed roads in Shanghai. It has been one step closer to permitting driverless vehicles in the largest auto market worldwide. The German luxury car maker said it would launch products equipped with L3 self-driving functionality, when it […]
Read moreDecember 15, 2023 8:18 am
Spot Gold was on track to register a weekly advance, supported by prospects of Federal Reserve rate cuts in 2024, which drove the US Dollar and US bond yields lower. The Federal Reserve left the fed funds rate target range without change at 5.25%-5.50% for a third successive policy meeting in December, as largely expected. […]
Read moreDecember 14, 2023 12:21 pm
Willis Towers Watson (WTW), a global advisory, broking and solutions company, said on Thursday that it had entered into a definitive agreement to acquire AIMUW, a specialist Managing General Agent in Italy. However, the company did not disclose any financial details regarding the agreement. The transaction is expected to close in January 2024. The deal […]
Read moreDecember 14, 2023 10:23 am
Costs to produce solar panels in China have slumped 42% over the past year, according to a Reuters report. This way, local manufacturers have gained a significant advantage over competitors based in the United States and Europe. Solar panel production cost in China has decreased to 15 cents per watt in 2023 from 26 cents […]
Read moreDecember 14, 2023 8:21 am
The Australian Dollar advanced to a fresh 25-week high against the British Pound on Thursday, after data showed Australia’s employment had risen at the sharpest rate since August in November. Employment levels rose by 61,500 to 14.26 million last month, far exceeding market consensus of an 11,000 gain. Part-time employment rose by 4,500 to 4.35 […]
Read moreDecember 13, 2023 12:12 pm
LIZHI Inc, an audio-based social and entertainment platform, said on Wednesday that its board of directors had authorized a share buyback program. Under the latter, the company will repurchase its Class A ordinary shares with an aggregate value of up to $3 million over the upcoming 12 months, starting from December 13th. The share repurchases […]
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