Category: PMN Business

Sep 21

Trafigura’s New Boss Is Ex-Soldier Who Says Profit Comes First

Breadcrumb Trail Links PMN Business Richard Holtum is preparing to become the third CEO in Trafigura’s history. Author of the article: Bloomberg News Jack Farchy, Archie Hunter and Alfred Cang Published Sep 21, 2024  •  6 minute read 1s[b5[2i11]}088){4q{tk{u_media_dl_1.png Trafigura company filings Article content (Bloomberg) — A couple of months ago, the man in line to be […]
Sep 20

Hungary Touts Booming Russian Business Links in Standoff With EU

Article content (Bloomberg) — Hungary hosted a Russian business forum in Budapest on Friday, showcasing booming links with Moscow that have alienated the country’s European Union and NATO allies. Prime Minister Viktor Orban’s government, which holds the EU’s rotating presidency through December, says it observes sanctions against Russia that were passed over its objections, while […]
Sep 19

TD Names Chun CEO as Masrani to Retire Amid US Investigation

Article content (Bloomberg) — Toronto-Dominion Bank said Chief Executive Officer Bharat Masrani will retire in April and Raymond Chun will take the top job, as the bank grapples with investigations by the Department of Justice and financial regulators into lapses of money-laundering controls at its US branches. Chun, 55, who’s currently head of TD’s Canadian […]
Sep 17

US Retail Sales Post Surprise Gain, Helped by Online Stores

Article content (Bloomberg) — US retail sales unexpectedly rose in August, supported by online purchases that masked more mixed results at other merchants. The value of retail purchases, unadjusted for inflation, increased 0.1% after a revised 1.1% gain in July, Commerce Department data showed Tuesday. Excluding autos and gasoline stations, sales advanced for fourth month. […]