CEO Financial News

Top Wall Street bankers said they’re pessimistic about the outlook of the global economy next year with elections in the U.S., monetary policies and escalating Middle East tensions weighing on sentiment. 

Kaufman Hall Investment Management has acquired the assets of Ponder Investment Co., a $1 billion AUM firm that provides investment management services to nonprofit health care, cultural, and other institutions.

Despite what some have been led to believe, “cryptocurrency isn’t the currency of choice for criminals,” according to Perianne Boring, CEO of the Chamber of Digital Commerce.

By Mimosa Spencer

corporate funding in the global solar sector rose 55% to 28.9 billion during January-September 2023, mainly due to the push to meet energy transition objectives, Mercom Capital has said. The global corporate funding in the sector was USD 18.7 billion in the first nine months of 2022, the US-based research firm said in its latest report. Despite inflationary challenges and elevated interest rates, financing in solar industry has remained robust through the first three quarters of 2023, Mercom Capital Group CEO Raj Prabhu said. «The resilience can be attributed to a strong global push to achieve energy transition objectives and demand created by the Inflation Reduction Act — which has helped the sector weather persistent economic challenges and retain the interest of investors,» he added. In the venture capital segment in India, Juniper Green Energy secured a USD 350 million investment from AT Capital Group and Vitol to achieve its target to triple its operational capacity to 2.5 GW by 2026 and forge ahead with its ambitious development plans.

By Karl Plume

By David French

(Reuters) — NextEra Energy (NYSE:NEE) reported third-quarter profit that beat Wall Street estimates on Tuesday, on the back of higher retail sales at its utilities business and additional projects at its renewable energy units.

(Reuters) -Indivior on Monday agreed to pay $385 million to settle lawsuits in the U.S. brought by drug wholesalers on claims it illegally suppressed generic competition for its opioid addiction treatment Suboxone.

By Rajesh Kumar Singh

Given the high utility of Generative Artificial Intelligence 77% of CEOs in India consider it as a double edge sword, says KPMG's report. Whereas, the 88% of CEOs globally share the same opinion about AI.

In this article

Paytm Founder and CEO Vijay Shekhar Sharma on Monday announced the launch of VSS Investments Fund for his private investments, with a total target corpus of Rs 30 crore.

Bandhan Mutual Fund today (October 23) announced the launch of Bandhan Nifty Alpha 50 Index Fund. It is an open-ended index scheme tracking the Nifty Alpha 50 Index, which provides investors with an opportunity to invest in a well-diversified portfolio of stocks that have generated high alpha (relatively higher returns than the market) over the last one year.

Hinduja-led IIHL — the successful bidder for Reliance Capital under insolvency proceedings — cannot extinguish the employees stock options (ESOPs) and other incentive schemes for the Reliance General Insurance Company (RGIC) employees, a subsidiary of Reliance Capital, according to legal opinion taken by Reliance General Insurance. The legal opinion was necessitated as IIHL in its resolution plan for Reliance Capital has sought to extinguish all employees stock option plans, phantom stocks or similar incentive schemes of Reliance Capital and its subsidiaries, including RGIC, so that no additional cost is incurred after the takeover.

Amid the ongoing Navratri festival in India, there has been a surge in Gold prices. At the time of writing today (October 23), 24-carat gold was selling at Rs 6145 per gram in Mumbai, up by around Rs 1350 per gram since October 17. The eruption of a fresh conflict in West Asia is being seen as the prime reason behind the recent surge in Gold prices.

Malaysia’s government says it will allow Lynas Rare Earths to continue to import and process rare earths until March 2026

Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge

Italian soccer club AC Milan has recorded a profit for the first time in nearly two decades

A strike by autoworkers against General Motors is expected to cut the automaker's pretax earnings by $800 million this year, and another $200 million per week after that

Qatar Airways Group chief executive Akbar Al Baker is stepping down after 27 years at the helm of the company