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Norway wealth fund backs shareholder proposal to split Goldman CEO, chair roles
Proxy advisors Institutional Shareholder Services (ISS) and Glass Lewis have recommended that investors back a shareholder resolution urging the bank to split the two roles currently held by David Solomon, at Goldman's annual meeting on April 24. Norges Bank Investment Management (NBIM), which operates the Norwegian fund, is the 12th biggest investor in Goldman Sachs according to LSEG data, with a 0.84% stake in the Wall Street bank at the end of 2023, valued at the time at $1.09 billion.
1-min read - BusinessReuters
Crypto fans count down to bitcoin's 'halving'
Bitcoin enthusiasts were eagerly waiting for bitcoin's 'halving' on Friday - a change to the cryptocurrency's underlying technology designed to cut the rate at which new bitcoins are created. The halving, which happens roughly every four years, was written into Bitcoin's code at its inception by pseudonymous creator Satoshi Nakamoto as a way to reduce the rate at which bitcoins are created. Chris Gannatti, Global Head of Research at asset manager WisdomTree, which markets bitcoin exchange-trad
2-min read - BusinessForkast News
Bitcoin halving event looms, market volatility spikes
Upcoming Bitcoin halving triggers market uncertainty.
1-min read - BusinessBloomberg
Japan’s Nikkei Falls More Than 3% on Chips, Middle East Concerns
(Bloomberg) -- Japan’s Nikkei 225 Stock Average had its biggest weekly drop since June 2022 amid a global selloff in stocks as the outlook for US interest rates and tensions in the Middle East spooked investors.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024The gauge declined 2.7%,
2-min read - NewsReuters
Emirates suspends check-in for transit through Dubai after storm
DUBAI (Reuters) -Dubai's flagship airline Emirates is suspending check-in for all customers with onward connections through the city until 2359 GMT on Friday, three days after a record storm swept the United Arab Emirates. Emirates, one of the world's biggest international airlines, said customers travelling to Dubai as their final destination may check-in and travel as usual. The suspension shows the airline and its hub, Dubai International Airport, are still struggling to clear a backlog of
2-min read - BusinessBloomberg
Stock Futures Fall on Mideast Worries, Havens Gain: Markets Wrap
(Bloomberg) -- European and US equity index futures declined as global markets were rocked by fresh conflict in the Middle East that sent stocks lower while oil and haven assets including Treasuries and the dollar higher. Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024Gains for Tre
4-min read - BusinessBloomberg
‘Super Peso’ Smacked in Flash Crash by Rising Middle East Risk
(Bloomberg) -- The Mexican peso slumped the most in four years as increasing conflict in the Middle East sapped demand for the currency that has been one of the favorite targets for carry trades.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityIsrael Launches Retaliatory Strike on Iran, US Officials SayRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingThese Are the World’s Best Airports in 2024The peso tumbled more than 6% against th
2-min read
