Banking and Finance

Aon has announced that Anne Corona will assume the dual positions of CEO for Enterprise Clients and Global Chief Commercial Officer (CCO) starting January 1, 2025. The company explained that this move aligns with its broader initiative to enhance commercial capabilities. The strategy focuses on improving data integration, strengthening global...

Intel Corporation (NASDAQ: INTC) has announced that CEO Pat Gelsinger has retired, concluding a distinguished career spanning more than 40 years. Effective December 1, 2024, Gelsinger also stepped down from the company’s board of directors. In the interim, David Zinsner, Intel’s Executive Vice President and Chief Financial Officer, and Michelle...

Shares of Grupo Elektra plummeted 71% on Monday as trading resumed after a prolonged halt, erasing $5.5 billion from billionaire Ricardo Salinas Pliego’s net worth and removing him from the list of the world’s 500 wealthiest individuals. The Bolsa Mexicana de Valores disclosed in a filing that regulators had instructed...

Just days before UniCredit CEO Andrea Orcel shifted his attention to a domestic acquisition, resistance to his interest in Germany’s Commerzbank intensified. Members of Germany’s corporate elite reportedly urged Commerzbank’s CEO to reject any merger proposal, warning that the bank might suffer a fate similar to Bavarian lender HVB, which...

Stellantis, the multinational automaker behind brands like Chrysler, Jeep, Fiat, and Peugeot, has confirmed the resignation of its CEO, Carlos Tavares, citing unresolved differences with the board and ongoing struggles in sales performance. The company’s announcement follows a cascade of challenges, including declining sales, unsold inventory piling up at dealerships,...

Two months after issuing a profit warning, Stellantis, the manufacturer of Jeep, Fiat, and Peugeot vehicles, saw its stock lose approximately 40% of its value this year. In response to this situation, Stellantis CEO Carlos Tavares resigned abruptly. The company announced that it would begin the search for a replacement...

U.S. President-elect Donald Trump has threatened to impose 100% tariffs on the BRICS group, a coalition of nine nations if they attempt to create a currency rival to the U.S. dollar. The BRICS alliance includes major world powers such as China, India, and Russia, along with Brazil, South Africa, Iran,...

Telstra Broadcast Services (TBS) has appointed Karen Clark as its new chief executive officer. Her extensive background in the media, telecommunications, and technology sectors positions her to lead TBS through its next phase of growth. Clark is expected to enhance the company’s offerings for global broadcasters, media firms, and sports...

Lotte Group, South Korea's sixth-largest conglomerate, has undertaken the most extensive leadership shakeup in its history, replacing CEOs at 18 of its 58 subsidiaries. The sweeping changes, announced on November 28, come amid growing concerns about the financial stability of Lotte Chemical, one of its core affiliates. Notably, Shin Yoo-yeol,...

New World Development (NWD) has divested its interest in Hong Kong’s largest sports infrastructure project, Kai Tak Sports Park (KTSP), to its parent company, Chow Tai Fook Enterprises (CTFE). The move marks a significant step in NWD’s ongoing efforts to reduce its financial burden following a historic loss. In a...