In a statement Boeing Co said, it has tapped former General Electric executive Brian West as its chief financial officer. The development comes two months after the surprise retirement of finance chief Greg Smith. West is scheduled to take charge on August… Read More ›
Shares of SentinelOne Inc, a security software provider, jumped by 21.4% in their U.S. stock market debut giving the company a market capitalization of around $11 billion. Shares of SentinelOne opened at $46 on Wednesday and closed at $42.5, above… Read More ›
Exports from South Korea have grown consistently across 4 quarters, posting a double digit growth in June, propelled by a strong economic recovery in major markets globally and continued strong demand for memory chips and automobiles. In June, South Korean… Read More ›
In a statement FTSE said, China’s Didi Global Inc will be added to its global equity indexes on July 8 following its U.S. stock market debut. In a statement FTSE said, Didi’s shares will be included in the FTSE All-World… Read More ›
According to two sources close, Scott Bommer, a former hedge fund manager, is set to launch a hybrid hedge fund and private equity fund under Blackstone Group with close to $2 billion in assets. The bulk of the capital raised for… Read More ›
On Thursday, in a statement SoftBank Group Corp said it plans on raising $7.35 billion by selling U.S. dollar- and euro-denominated bonds sometime this month. The development marks the Japanese conglomerate’s first such foreign bond sale in three years. SoftBank… Read More ›
According to the results of the European Commission’s monthly sentiment survey for the 19 countries sharing the euro, the economic sentiment among these countries have touched a 21-year-high following an accelerated pace of COVID-19 vaccinations on the back of which… Read More ›
On Wednesday, a group of banks, including Singapore’s DBS and UBS announced plans to create a new way of measuring the impact of environmental and social financing. The group, called Banking for Impact, also includes ABN Amro and Danske Bank;… Read More ›
A report by UNCTAD and the UN’s World Tourism Organization (UNWTO) states, international tourism arrivals are likely to stagnate in 2021, with select Western markets being the exception. The COVID-19 related disruption is likely to cause up to $2.4 trillion… Read More ›
In June, the pace of Chinese factory activity expanded at a moderate pace following an increase in prices of raw materials and disruptions in its export province of Guangdong which affected business activity. China’s official manufacturing Purchasing Manager’s Index (PMI)… Read More ›
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