• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Hong Kong Stock Exchange filings, Tencent Holdings (00700.HK) repurchased 465,000 shares on July 6 for HK$204.8 million.Barclays lowered its price target for PepsiCo (PEP.O) from $158 to $144.On July 6th, Yuexiu Property (00123.HK) announced that in June 2026, the company achieved contracted sales (including contracted sales from joint ventures and associates) of approximately RMB13.492 billion, representing a year-on-year increase of approximately 24.9%, and contracted sales area of approximately 489,200 square meters, representing a year-on-year increase of approximately 67.0%. From January to June 2026, the companys cumulative contracted sales (including contracted sales from joint ventures and associates) amounted to approximately RMB50.506 billion, representing a year-on-year decrease of approximately 17.9%, and cumulative contracted sales area was approximately 1,698,700 square meters, representing a year-on-year increase of approximately 16.2%.On July 6th, the Price, Cost and Certification Center held an opening meeting for its research project, "Technological and Economic Research on Virtual Power Plants Participating in Power System Regulation," on June 24th. The research team introduced its research approach, focusing on the pathways, construction and operation costs, and cost mitigation mechanisms for virtual power plants participating in power system regulation. Experts from the China Society for Economic System Reform, North China Electric Power University, and China Southern Power Grid Co., Ltd. exchanged views and offered suggestions with the research team. The meeting was chaired by Cheng Gang, Deputy Director of the Center, and attended by relevant personnel from the School of Control Science and Engineering and the School of Electrical Engineering of Zhejiang University, as well as relevant personnel from the Centers New Energy Price and Cost Department.On July 6th, the Ministry of Human Resources and Social Security issued a notice clarifying that the enrollment target for vocational schools in 2026 is 1.25 million students. Vocational schools across the country will conduct training for key groups such as rural migrant workers seeking employment and training, unemployed college graduates, registered unemployed individuals, and those facing employment difficulties, focusing on market demands and vocational skills requirements in key areas such as artificial intelligence, advanced manufacturing, low-altitude economy, new energy vehicles, and health and wellness services.

Visa Names Insider As the New Chief Executive Officer, Ryan McInerney

Charlie Brooks

Nov 18, 2022 11:41

4.png


Ryan McInerney, an insider, has been nominated as the new chief executive officer of Visa Inc., effective February 1.


McInerney, the payments giant's current president, succeeds Alfred Kelly Jr., who has served as CEO since 2016.


The leadership transfer occurs at a challenging time for the payments industry, as analysts expect impending headwinds from soaring inflation, which has reduced purchasing power and fueled fears of a major economic downturn.


Following the shift, Kelly, who has served as Visa's since 2019, will assume the post of executive chairman of the board.


Kelly's tenure coincided with the growth of financial technology companies and digital lenders, which posed strong threats to traditional businesses like Visa.


Following Charles Scharf's retirement, Kelly, a former president of rival American Express Co (NYSE:AXP), gained management of Visa. Scharf later became the CEO of Bank of New York Mellon Corporation (NYSE:BK) and is now the CEO of Wells Fargo & Company (NYSE:WFC).


Visa revealed quarterly earnings that were beyond forecasts last month as more Americans took advantage of a stronger dollar to venture abroad and spend lavishly on shopping and leisure.


The shares of the largest payments processor in the world have outpaced the S&P 500 Index as of the most recent market close.