Andrew Bailey, chief executive of the FCA, has been appointed as the new governor of the Bank of England. The move is not without controversy, with the FCA being criticised over its supervision of Neil Woodford (formerly fund manager at Invesco Perpetual, since rebranded to Invesco)'s flagship fund which was suspended in June 2019 and eventually closed.
Sunday, 22 December 2019
Friday, 6 December 2019
Saudi Aramco IPO Goes Live Raising $25.6bn
The shares were priced at 32 Saudi Riyals or 8.53 USD. The valuation is $1.7 trillion versus $2 trillion target. This makes it more valuable than Apple, valued at $1.17 trillion.
Monday, 2 December 2019
US-China Trade War Hits Hardware Vendors' Bottom Line - Cisco, HP Enterprise and Dell
CISCO CEO, Los Gatos resident and Maths and Computing graduate Chuck Robbins (who succeeded John Chambers as CEO in July 2015), has blamed the macroeconomic climate for poor results. HPE made similar comments.
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