On Friday, in a statement Allianz said, its local Chinese asset management business has received regulatory approval, marking the first wholly foreign-owned insurance asset management company in the country. Foreign financial institutions are eager to expand their onshore footprint in… Read More ›
In a statement Giorgio Armani said, sales in the first half of 2021 has bounced back robustly after its business in the United States and China saw sales at the Italian fashion group return close to pre-pandemic levels. “The goal… Read More ›
On Thursday, France’s BPCE, which is in the process of delisting its Natixis investment banking arm, announced plans to boost its revenues by 2024 by partly increasing its focus on sustainable investing. It expects the move to generate additional revenues… Read More ›
In a statement Rolls-Royce said, Anita Frew will succeed Ian Davis as the company’s chairwoman on October 1 2021, making her the first woman to chair the British aero-engine company. Davis will be retiring from the company as its chairman… Read More ›
On Wednesday, in a statement KKR, a private equity firm, said it aims to acquire John Laing Group in a deal that values the British infrastructure investor at around $2.84 billion (2 billion pounds). The development makes John Laing the… Read More ›
Pensions & Investment Research Consultants (PIRC), a governance advisor, has recommended Chevron Corp’s shareholders to vote against the company’s CEO Michael Wirth at the upcoming shareholder meeting. PIRC’s recommendation is such since Wirth is the company’s CEO as well as… Read More ›
On Monday, Australian casino operator Star Entertainment Group proposed an all-stock acquisition of larger rival Crown Resorts Ltd in a deal that valued at $7 billion (A$9 billion); the deal sees Star Entertainment Group tying up with two private equity… Read More ›
In a significant development, Anheuser-Busch InBev CEO Carlos Brito is set to step down from the company in July; he will be replaced by the head of the company’s North America division. The development comes at a time when AB InBev,… Read More ›
On Friday, the chairman of Toshiba Corp issued a statement stating CVC Capital Partners’ recent offer to take the company private, was unsolicited and would require various antitrust approvals and financing. “This initial proposal by CVC was completely unsolicited and… Read More ›
In a statement electronic trading firm Citadel Securities said, it has appointed Heath Tarbert as its chief legal officer. The development comes after Tarbert resigned as chair of the Commodity Futures Trading Commission (CFTC). Citadel, co-founded by billionaire investor Kenneth… Read More ›
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