Author: TI Editor
Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly…
TORONTO (AP) — Former central banker Mark Carney will become Canada’s next prime minister after a Liberal Party leadership vote in a landslide. Carney is 59. He was born in Fort Smith, Northwest Territories, on March 16, 1965, and raised in Edmonton, Alberta. Credentials Carney ran the Bank of Canada from 2008 to 2013 and the Bank of England from 2013 to 2020. After helping Canada manage the worst impacts of the 2008 financial crisis, he was recruited to become the first non-Brit to run the Bank of England since it was founded in 1694. In 2020, he began serving…
Stakeholders Empowerment Services (SES) and Institutional Investor Advisory Services (IiAS), both based in Mumbai, have put out contrasting notes on Hyundai’s resolutions for dealing with seven related companies. While SES has asked shareholders to vote against 6 out of the 7 resolutions, saying that through the proposed deals, Hyundai Motor India may end up transferring its potential profits to firms linked with its promoters, IiAS did not red flag any proposed deal with the companies, advising shareholders to approve them. The remote e-voting on the resolutions started on 12 February and is scheduled to end on 13 March. The result…
The country’s seventh-largest software services provider announced a 13-year contract with Sabre late last Tuesday, valued at $1.56 billion. This translates into $120 million revenue a year for Coforge. This is the largest deal signed by any mid-cap software services provider in the country. While investors’ enthusiasm resulted in Coforge’s stock jumping 8% on Wednesday to close at ₹7,811, doubts persist on Sabre’s ability to service the contract, primarily due to its poor financial health, which was ravaged by the covid-19 pandemic and has yet to recover. “Sabre is yet to recover fully from the hit it suffered during the…
Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly…
Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business professional, or simply interested in the dynamics of various industries, our reports offer a deep dive into the developments that shape the economic landscape. From startups to established giants, we bring you the news that matters to help you make informed decisions in a rapidly…
(Bloomberg Opinion) — Adrian Orr, who until a few days ago led the Reserve Bank of New Zealand, once declared it the most transparent monetary authority in the world. That his sudden resignation midway through his term is shrouded in mystery is ironic — but not entirely out of keeping. Orr was a central banker who jealously guarded his autonomy. He could’ve been more sensitive to optics or framed his answers with a touch more finesse. The nation paid a steep price for the aggressive interest-rate increases of the past few years, enduring a deeper-than-expected recession. Orr left few people in any doubt…
(Bloomberg) — After more than 13 years at the helm BNP Paribas SA, Jean-Laurent Bonnafe isn’t quite done yet. With less than two years before the chief executive officer reaches retirement age, BNP Paribas is asking shareholders to raise the age limit for his role and give him a new three-year board term. Approval at the shareholder meeting in May would open the door for the 63 year-old to stay on until 2028, and perhaps longer. Already one of Europe’s longest-serving bank CEOs, Bonnafe built up the trading business and propelled the asset management unit into the top ranks with…
(Bloomberg) — A shareholder in Japan’s Seven & i Holdings Co. is pressuring the company to engage “more deeply” with Alimentation Couche-Tard Inc. over its $47.5 billion buyout approach. “The Board has taken several decisions that leave significant unanswered questions,” Artisan Partners Asset Management Inc.’s portfolio managers N. David Samra and Benjamin L. Herrick said in a letter to Seven & i’s board on Sunday. The money manager owns stakes of roughly 1% in both the company and Couche-Tard, according to data compiled by Bloomberg. “Those questions revolve around potential conflicts of interest and failure to pursue the path that…
(Bloomberg) — Four years after his resignation from Barclays Plc, Jes Staley will finally give his account of the events that ended his career — in the hopes of overturning a lifetime ban from the finance industry. Staley has sat quietly in a windowless London court room for the past week, occasionally sipping from a can of Diet Coke as his closest former colleagues described how his friendship with Jeffrey Epstein led to his fall from the summit of global banking. On Tuesday, the 68-year-old former chief executive officer is scheduled to take the stand as part of the legal…