Banking and Finance

Singapore Post revealed on Sunday that it had terminated its CEO and two senior executives following an internal inquiry into their mishandling of whistleblower allegations involving employee misconduct. The announcement triggered a significant drop in the company's stock, with shares tumbling 9.8%—their steepest decline since March 2020—as trading opened on...

Foxtel, the pay TV and streaming company controlled by News Corp, has been sold to DAZN, a sports streaming platform owned by one of the world's wealthiest individuals, Sir Len Blavatnik, for an enterprise value of $2.2 billion. As part of the agreement, News Corp will retain a 6% minority...

Steve Ballmer has made a bold investment decision by concentrating almost entirely on Microsoft (NASDAQ: MSFT) stock. According to CEOWORLD magazine, over 80 percent of his portfolio is allocated to Microsoft, with the remaining portion invested in stock index funds. As the largest individual shareholder in the company, Ballmer strategically...

President-elect Donald Trump has made decisive moves by announcing his selections for two vital defense positions. Billionaire investor Stephen Feinberg will take on the role of Deputy Secretary of Defense. As the co-chief executive of Cerberus Capital Management LP, a private equity firm he established in 1992, Feinberg brings significant...

President-elect Donald Trump dismissed the notion that Elon Musk influences the Republican Party. This reaction came after Musk was involved in defeating a government spending bill last week. Following this incident, Democrats and Trump's opponents mocked him by referring to Musk as “President Musk.” Trump said the notion that he...

Gregory B. Maffei, President and CEO of Liberty Broadband Corp (NASDAQ: LBRDA), recently carried out stock sales amounting to approximately $12.8 million. According to filings from December 19, 2024, the transactions involved the disposal of Series C Common Stock across two days, December 18 and 19. Maffei sold 137,733 shares...

Generation Development Group (GDG), an ASX-listed investment firm, has announced internal leadership changes. Former Olympic swimmer Grant Hackett has been named chief executive officer, while Rob Coombe transitions to the role of executive chair. Hackett’s new position comes with an annual fixed salary of $615,531, supplemented by superannuation and the...

Samsung Electronics Co., Ltd. has appointed CU Kim as President and CEO for Southeast Asia and Oceania (SEAO). Bringing over 20 years of leadership experience across regions like the Middle East and Latin America, Kim will oversee the company’s next phase of growth in a region recognized as a global...

Mitsubishi Heavy Industries, Ltd. (MHI) has announced significant executive appointments and board member nominations, marking a pivotal leadership transition. Effective April 1, 2025, current Chief Technology Officer (CTO) Eisaku Ito will assume the roles of President and Chief Executive Officer (CEO), succeeding Seiji Izumisawa, who will transition to Chairman of...

Binance.US has announced plans to restore its USD services in early 2025, signaling its first significant operational shift since regulatory pressures halted its fiat trading operations. The exchange had suspended dollar deposits and withdrawals in June 2023, following civil claims filed by the SEC that led to restricted banking access....