Banking and Finance

As the new year unfolds, the US dollar has emerged as a key topic of debate within the global financial community. Following a notable 7% increase in the dollar index in 2024, traders are now deliberating its potential trajectory. On Thursday, the dollar dipped slightly by 0.2%, settling at 108.32,...

Automotive supplier Dana announced on November 25 that Bruce McDonald, a seasoned executive and current board member, has been appointed as chairman and interim CEO. The company stated that McDonald will oversee operations while facilitating the search for a permanent successor to James Kamsickas, who retired in October. Kamsickas is...

Singapore-based DBS has announced the appointment of Rajat Verma as the new chief executive for its India operations, with the promotion awaiting approval from the Reserve Bank of India. Verma is set to take over on 1 March 2025, succeeding Surojit Shome, who will retire on 28 February 2025 after...

Thruvision Group plc (AIM: THRU), a prominent provider of walk-through security technology, has announced that Victoria Balchin, the current Chief Financial Officer, will assume the role of Chief Executive Officer starting January 2, 2025. This internal promotion follows the departure of the former CEO, Colin Evans, in October 2024. The...

Singapore Post (SPOS.SI) has announced the appointment of Isaac Mah, currently the CFO of its Australian business, as the new group finance chief. The announcement came on Sunday, just a week after the company dismissed three senior executives, including its previous CFO, due to their mishandling of a whistleblower report....

Following an extensive search process, Racing SA has announced that Nick Bawden will take on the role of Chief Executive Officer starting February 1, 2025. Racing SA Chairman Rob Rorrison expressed the board's enthusiasm for Bawden’s promotion, highlighting his significant contributions as a key member of the management team. Rorrison...

Olympus Corporation has enlisted the help of a global executive recruitment firm to assist its board search committee in identifying and evaluating candidates for the role of CEO. The Tokyo-based medtech company emphasized its commitment to completing the succession process swiftly and efficiently to ensure sustained leadership and growth, according...

Leonard Livschitz, CEO of Grid Dynamics Holdings, Inc. (NASDAQ: GDYN), recently reduced his ownership stake in the company, selling 40,000 shares of common stock on December 24, 2024. According to a filing with the Securities and Exchange Commission, the shares were sold at a weighted average price of $20.53, amounting...

KULR Technology Group, a space technology company listed on the New York Stock Exchange (NYSE), has made a significant foray into cryptocurrency by acquiring Bitcoin worth $21 million. The company announced on December 26 that it had purchased 217.18 Bitcoins at an average price of $96,556.53 per coin. This acquisition...

Shareholders of a company operating what could be the world’s largest lithium deposit received an early Christmas gift this week. General Motors (GM), which had previously partnered on the project, officially closed its joint venture with the company, marking a significant milestone that further aligns the two firms' futures. The...