CEO Financial News

Former finance minister Mathias Cormann was planning to join the consulting firm founded by ex-PwC boss Luke Sayers after he left the big four firm, the Senate inquiry into consultants has been told.

China’s 15th Single’s Day shopping event may have ended with a sputter, but Australian products from vitamins to infant formula are still hot sellers with shoppers, taking out the top spot in several health and wellness categories.

Southern Cross Austereo is set to say thanks but no thanks to Antony Catalano for his proposal to acquire the radio and television broadcaster, Street Talk understands.

Integrated Portfolio Solutions, a 14-year-old investment administration platform used by financial advisers and high-net-worth investors, is ready for a new owner.

ANZ and Westpac have given their highest carbon-emitting customers until October 2025 to present credible energy transition plans to the banks.

Direct to consumer brands on the GoKwik network saw a massive surge in order volumes on its platforms during the peak marketplace sale period this year, reversing the trend seen last few years when they see a dip in their orders when marketplaces launch their festive season sales. During the week long marketplace sales, the GMV for D2C brands on the GoKwik network grew 1.5 times in 2023 over the year before. Order volume and GMV surged by 43% and 52%, respectively, around the same time as marketplaces also grew their order volumes.

Mukesh Aghi, CEO of the US-India Strategic and Partnership Forum (USISPF) told PTI that it is important that communication starts between the US and China, the two largest global economies. The much-anticipated summit between Biden and Xi will take place on Wednesday on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, which the US is hosting in San Francisco from November 11 to 17. “I think the summit is important both from President Biden's perspective and also President Xi's perspective. China is struggling with its economy.

Alphabet CEO Sundar Pichai acknowledged in federal court on Tuesday that he sometimes marked documents as «privileged» and never turned off a setting that caused internal chats to delete automatically after one day. Pichai was in court in San Francisco to defend Alphabet's Google from a lawsuit by Epic Games that alleges its app store policies amount to an illegal monopoly and have caused consumers to pay artificially high prices.

The Royal Canadian Mint has revealed the image of King Charles that will soon be on all new coins.

Wall Street analysts are dialing back on the compliments paid to Corporate America at the fastest clip in years. «Good quarter,» «congratulations» and similar plaudits are drying up on quarterly earnings calls for S&P 500 companies, setting up 2023 for the biggest such annual decline since the Great Recession. The drop is even more pronounced when compared with the pandemic era, running 35% below the average pace in the previous three years. Analysts have gone cold on corporate executives as they climb a wall of worry that includes soaring labour costs, surging prices for raw materials, rising borrowing rates and heightening geopolitical tensions that have shown no signs of abating. «Fewer companies are doing well,» said Alex Zukin, an analyst covering software companies at Wolfe Research.

A South Korean blockchain-based K-pop startup has raised $8 million in its series A funding round.

(Reuters) — Lithium miner Livent (NYSE:LTHM) said on Tuesday its proposed $10.6 billion merger with Australia's Allkem had received all the required pre-closing regulatory approvals.

The Senate Committee on Banking, Houses, and Urban Affairs met on November 14th to conduct a hearing regarding oversight of financial regulators.

By Greg Bensinger

Aaron Klein is stepping down as chief executive at fintech Nitrogen and will be succeeded by Dan Zitting, former president of Galvanize.

By Divya Rajagopal

FTX founder, Sam Bankman-Fried, was found guilty on seven charges earlier this month following a grueling month-long trial which saw the former “king of crypto” testify in his own defense.

Though disgraced FTX boss Sam Bankman-Fried (SBF) has already lost in court, the crypto mogul’s law professor parents – Joe Bankman and Barbara Fried – may also face charges for abetting their son’s megalithic fraud.

Sea reported a surprise third-quarter loss as the Southeast Asian tech giant prioritized growth over profits by pouring money into its e-commerce business, sending its shares more than 17% lower on Tuesday. Rising competition from Alibaba Group's Lazada and ByteDance's TikTok, along with new entrants like PDD's Temu, have forced Sea to revamp its playbook this year, with warnings that the increased ecommerce investments may lead to losses in some quarters.

Hindus: The Hindu law accepts ‘right by birth’, which gives a woman rights in her parents’ property by birth. This includes both HUF property and assets bought by her parents with their own incomes. Muslims: The Muslim Law does not accept ‘right by birth’, says Vishnu Chundi, founder and CEO, AasaanWill.

FRANKFURT—Europe’s labor markets are starting to crack. After a year of near-zero economic growth, job creation is slowing and surveys suggest that more businesses in the region are preparing to lay off workers, threatening to further damp growth and drain public coffers. Germany’s unemployment rate has climbed by 0.8 percentage point in recent months to 5.8%, the highest level since 2017 outside the pandemic period.