Activist investor Elliott calls for new CEO at NRG Energy

Activist investor Elliott Investment issued a public letter on Tuesday calling for a new chief executive at utility firm NRG Energy (NRG.N),  increasing pressure on incumbent Mauricio Gutierrez. Elliott said NRG’s recent measures were “wholly insufficient to remedy a deeply flawed strategy overseen by a leadership team unfit to execute”. The investor, which disclosed a more than 13% stake in […]

Aborted mutiny sends volatile rouble to 15-month low

The rouble sank to its lowest in nearly 15 months against the dollar on Monday in one of its most volatile sessions this year as investors responded for the first time to an aborted mutiny by armed mercenaries in Russia over the weekend. Mercenaries led by Yevgeny Prigozhin withdrew from the southern Russian city of Rostov-on-Don overnight […]

US urges Britain to pick a date for stock market shake up

Britain should set a date for halving the time it takes to settle a stock trade – and stick with it, U.S. Securities and Exchange Commission Chair Gary Gensler said on Thursday. Britain has said that UK stock markets should halve the time it takes to settle a trade on the London Stock Exchange (LSEG.L), and other platforms by […]

US FDIC chair nominee likely has the votes but confirmation process could drag

Christy Goldsmith Romero will likely win enough votes to be confirmed as U.S. Federal Deposit Insurance Corporation chair but Republicans are likely to slow walk the process. President Joe Biden last week nominated Goldsmith Romero, a Democratic commissioner at the Commodity Futures Trading Commission, to replace Martin Gruenberg who is stepping down after a probe found widespread sexual harassment […]