Banking and Finance

Global stock markets made significant gains on Friday, following a strong rally on Wall Street the previous day. This upturn came as a positive report on U.S. unemployment alleviated some concerns about an economic slowdown. European markets opened higher, recovering nearly all the losses suffered during the week’s global market...

The Philippine economy experienced a stronger-than-expected expansion in the second quarter of 2024, driven by increased government spending and investments, which helped counterbalance sluggish consumer spending due to rising inflation. According to the Philippine Statistics Authority, the country's Gross Domestic Product (GDP) grew by 6.3% from April to June compared...

Romania continues to rank as one of Europe's most affordable countries for new housing, securing the third spot after Bosnia and Herzegovina and Greece, according to the latest Deloitte Property Index. The Deloitte Property Index, now in its 13th edition, offers an in-depth analysis of the residential real estate market...

After two years at the helm, Rajalingam Subramaniam, widely recognized in Malaysia’s shipping industry as Captain Raja, has decided to step down from his role as president and CEO of MISC Berhad, the nation’s leading shipping company. This unexpected decision marks a significant leadership transition for one of the world’s...

Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, has announced that its Board has appointed Matti Shem Tov, former CEO of ProQuest, as the company’s next CEO, effective August 9, 2024. In addition to his role as CEO, Shem Tov will join Clarivate’s Board of Directors. Jonathan...

The Everen Group, a consortium of leading energy insurance companies, has announced the appointment of Robert Foskey as its new President and Chief Executive Officer, effective August 5, 2024. Foskey brings a wealth of experience and a proven track record within the Everen Group, positioning him to guide the company...

Union Bancaire Privée (UBP) has announced the appointment of Teresa Lee as the region head for North Asia and the chief executive of its Hong Kong operations. Lee brings a wealth of experience from her previous roles, including her tenure at the Bank of Singapore, where she served as head...

In a significant move, Jensen Huang, the CEO of Nvidia, sold $322.7 million worth of company shares in July. This sale brings his total stock sales to nearly $500 million over the summer, positioning him strategically ahead of a severe tech-led global stock decline driven by weak earnings reports and...

Abrdn Plc reported positive net inflows in the first half of 2024 as the asset management firm continues its search for a new permanent chief executive officer. The firm announced on Tuesday that clients contributed a net of around $1 billion to its funds during the first six months of the...

Monday proved to be a harsh day for billionaires worldwide, as a massive market selloff wiped out a staggering $201.9 billion from the collective net worths of the world’s 2,713 billionaires in less than 24 hours. The turmoil began in Asia, where Japan's Nikkei index plummeted by 12%—its worst trading...