Category: chief
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Strong case for 50 bp Fed cut, says former NY Fed chief Dudley By Reuters
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SINGAPORE (Reuters) – There is a strong case for a 50 basis point cut in U.S. interest rates, former New York Federal Reserve President Bill Dudley said. “I think there is a strong case for the 50, whether they do it or not,” he said at the Bretton Woods Committee’s…
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A police officer sued after he was allegedly ousted for giving a traffic ticket to a friend of the chief
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A New York City police officer has reached a $175,000 settlement with the city in a lawsuit that shed light on the use of “Courtesy Cards” Officers are distributing money to friends and relatives to avoid traffic stops and other minor infractions, according to an agreement filed in Manhattan federal…
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Westpac appoints Anthony Miller as new chief executive officer By Reuters
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(Reuters) – Westpac Banking Corp, Australia’s third-biggest lender, said it had appointed Anthony Miller as its new chief executive and managing director on Monday, effective from December 16, 2024. Miller joined the company in 2020, having served as CEO of Westpac’s Business and Wealth division. He succeeds Peter King, who…
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Cyclists urged to consider insurance to enhance safety, says Lloyd’s chief
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John Neal, chief executive of Lloyd’s of London, the world’s largest insurance market, says cyclists should consider taking out insurance to protect themselves and pedestrians. Neil’s comments come in response to a series of serious accidents involving cyclists, which have sparked renewed debate about the need for mandatory insurance. Neil…
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Hezbollah chief says Sunday attack on Israel went as planned, further strikes possible By Reuters
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BEIRUT (Reuters) – Hezbollah leader Sayyed Hassan Nasrallah said on Sunday his group would assess the impact of its missile and drone attack on Israeli military targets earlier in the day before deciding whether to carry out further attacks to avenge its slain commander. The leader of the Lebanese militant…
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IMF chief economist says Bank of Japan rate hikes a good development for Japan
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The Bank of Japan could continue to raise interest rates gradually at a “data-dependent” pace, IMF chief economist Pierre-Olivier Gourinchas told Reuters in an interview at the annual Jackson Hole Economic Symposium on Friday: Inflation is above the bank’s 2% target. Inflation expectations have started to move “perhaps even slightly…
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Foxconn chief defends hiring practices after report married women rejected in India By Reuters
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Written by Praveen Paramasivam SRIPERUMBUDUR, India (Reuters) – Foxconn’s chairman defended its hiring practices on Saturday after New Delhi ordered an investigation following a Reuters report that the Apple supplier was rejecting married women from iPhone assembly jobs. “Foxconn hires regardless of gender, but women make up a large part…
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Mercedes-Benz chief in South Korea to meet residents after EV fire damaged property By Reuters
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SEOUL (Reuters) – The head of Mercedes-Benz in South Korea on Wednesday met residents of an apartment complex damaged by a fire that started in one of its electric cars and raged for more than eight hours, raising concerns about public safety. Mercedes-Benz Korea CEO Matthias Veitel will hold a…
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Don’t rush back into the stock market as more pain is coming if the economy keeps slowing, Stifel chief strategist says
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iStock; Rebecca Zisser / P Barry Bannister of Stifel said stocks have risen since last week’s sell-off, but there is still reason for caution. The Fed’s 2% inflation target is “just a pipe dream” while the housing market is expected to recover, Bannister said. He reiterated his prediction of a…
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Hindenburg Claims Sebi Chief Has Adani Conflict Which She Denies
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Breadcrumbs Path Links PMN Business Hindenburg Research has accused the head of India’s market regulator of a conflict of interest, which it says prevented a thorough examination of allegations of manipulation and fraud at the Adani Group, an allegation she has strongly denied. Article author: Bloomberg News Menaka Doshi Published…
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Bangladesh chief justice, central bank chief quit amid protests, officials say By Reuters
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DHAKA (Reuters) – Bangladesh’s chief justice and central bank governor have resigned, officials said on Saturday, as student protests that forced Prime Minister Sheikh Hasina to flee widen to target more officials appointed under her rule. A justice ministry official, speaking on condition of anonymity, said Supreme Court Chief Justice…
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Customers Bancorp names veteran Allen Love its chief compliance officer By Reuters
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(Reuters) – Customers Bancorp (NYSE:CBM) on Friday named industry veteran Allen Love as its chief compliance and anti-money laundering officer. The announcement comes a day after the US Federal Reserve imposed enforcement action on the bank, which manages $22 billion in assets, over “significant deficiencies” in its risk management and…
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Japan chief cabinet secretary Hayashi says wage rises will spread in Japan
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Chief Cabinet Secretary Hayashi Wage increases likely to spread to part-time workers and small businesses by fall with strong Shunto results and minimum wage increases No comment on daily stock movements He says it is important for the government to make its decision calmly, when asked about the volatility of…
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Abrdn finance chief Jason Windsor to replace Stephen Bird as CEO, Financial Times reports By Reuters
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(Reuters) – Jason Windsor, the chief financial officer of British fund manager Aberdeen, is the frontrunner to take over as chief executive of the company after Stephen Bird leaves, the Financial Times reported on Saturday. The newspaper reported, citing two sources close to the process, that Windsor could be formally…
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Japan chief cabinet secretary Hayashi says equity prices are determined in the market
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Japan chief cabinet secretary Hayashi says equity prices are determined in the market
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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UK’s new Treasury chief says previous government ‘covered up’ financial turmoil ahead of election
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Danica Kirka Published on July 29, 2024 • Read for 3 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content LONDON (AP) — Britain’s new Chancellor of the…