Page 4 - Guy Debelle News Today

(Bloomberg) -- Fortescue Metals Group Ltd. is being hit by an executive exodus, as the world’s fourth-largest iron ore miner seeks to become a major new-energy player under a transition championed by its chairman and founder, billionaire Andrew Forrest. Most Read from BloombergHong Kong Shuts Down City Before Super Typhoon Saola HitsEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintFake Spare Parts Were Supplied to Fix Top-Selling Jet EnginePut...

Former RBA deputy governor’s exit comes days after the mining group’s CFO and chief executive departed

The former Reserve Bank deputy governor has become the third senior executive this week to free themselves from the orbit of Andrew Forrest.

The miner’s superpower has been its ability to balance entrepreneurialism and governance stability. The departure of yet another executive says something is out of whack. 

The local share market closed lower as traders took profits from four days of gains ahead of an important US jobs report.

Households are spending 55% more on housing than they were in June 2005

The ASX 200 was trading 0.28% lower at 7,285 points this afternoon, although the benchmark index is set for a positive week overall.  Today’s standout...

1 September, 2023 How was the week?A pretty busy one at PEAK.We're looking forward to some time outdoors and a bit of R&R.Enjoy the weekend!Across Markets...The sharemarket dipped on Friday, as China’s efforts to shore up its stalling economy failed to reverse a negative mood, but the index ended the week 2.3 per cent higher

Three high-ranking employees, including its CEO and its CFO, have left Fortescue in the past week with no reasons given – and retail investors are concerned

The exit was announced on Thursday evening barely three days after chief executive Fiona Hick parted ways with the company after just six months in the job.