A version of this story first appeared on CNN’s Business Before Bell Newsletter. Not a subscriber? You can sign up HERE. You can listen to an audio version of the newsletter by clicking on the same link. New York CNN – Americans have grown used to corporate executives treading the well-worn paths of the Northeast […]
Tag: IAB-Business
China Renaissance suspended the trade, the delays will result after the Founder Bao Fan disappeared
Hong Kong CNN – China Renaissance, a top dealmaker in the country’s tech industry, said it has suspended the sale of its shares and delayed the release of annual results because it has yet to contact its founder. Bao Fan, 52, started Boutique Investment Bank in 2005 and has not been reached since the middle […]
HSBC Spoff
Hong Kong CNN – HSBC’s top brass defended Monday frustrated shareholders in the lender’s biggest market, as Europe’s biggest bank continued to face calls to break up. In an informal shareholder meeting in Hong Kong, Chairman Mark Tucker and CEO Noel Quinn from investors on issues from how the bank came is asking for an […]
What the opec oil surprise means for US gas prices
New York CNN – Opec and its allies’ surprise at this move to slash oil production will soon be felt at US Gas Pumps. The group known as Opec+ announced on Sunday it will cut oil production by more than 1.6 million barrels a day starting in May, running through the end of the year. […]
The British pound has underperformed every other major currency this year
London CNN – The British pound crashed in a recording below Last fall as investors rebelled against budget plans by former prime minister Liz Truss. Now, it is enjoying a comeback. Sterling hit its highest level against the US Dollar in 10 months on Tuesday, topping 323. The UK currency was boosted by indicators of […]
The beauty industry’s $500 billion ‘Green’ ambitions are a patchwork at best. And they fell short
CNN – The growing climate crisis is changing many people’s purchasing patterns and this will affect the $500 billion dollar global beauty industry throughout product manufacturing, packaging and disposal. Strategy and consulting firm Simon Kucher’s Global Tuntofactust Truftability Spactust Trufacture 2021 found 60% of consumers worldwide rated sustainability as an important purchasing criterion, and 35% […]
