Tether has appointed Simon McWilliams as CFO to enhance financial transparency and audit readiness amid increasing regulatory scrutiny in the stablecoin market. The company is also diversifying by acquiring a majority stake in Adecoagro SA, signaling a shift towards traditional industries. As competition with Circle intensifies, Tether’s USDT on The Open Network (TON) has rapidly grown to $1.4 billion, showcasing its expanding influence in the blockchain space.
about Tether appoints new CFO and expands into traditional industriesSeabridge Gold Inc.
0 in Finance and 0 in Crypto last weekEFG International Announces Board of Directors Reorganization Ahead of AGM
EFG International will see significant changes to its Board of Directors at the upcoming AGM on March 21, with four current members not seeking re-election. New candidates include Yvonne Bettkober, Luisa Delgado, Wanda Eriksen, and Konstantinos Tsiverioti, each bringing extensive experience in digital transformation, luxury goods, finance, and banking. Chairman Alexander Classen expressed confidence that these new members will contribute to the sustainable growth of EFG.
about EFG International Announces Board of Directors Reorganization Ahead of AGMEuropean Markets React to Economic Forecasts and Corporate Earnings Reports
The Swedish Riksbank has cut interest rates by 25 basis points to 2.25%, citing limited inflation risk amid weak economic activity. Meanwhile, Volvo Group reported a decline in fourth-quarter operating profit but a 24% increase in net order intake, while Spain’s GDP grew by 0.8% in Q4 2024, surpassing expectations. In the luxury sector, LVMH’s shares fell nearly 5% despite better-than-expected revenues, reflecting ongoing pressures in key segments.
about European Markets React to Economic Forecasts and Corporate Earnings Reports