Otis Worldwide Appoints Cristina Mendez As CFO

RTTNews | il y a 399
Otis Worldwide Appoints Cristina Mendez As CFO

(RTTNews) - Otis Worldwide Corp. (OTIS) announced Friday the appointment of Cristina Mendez as Executive Vice President & Chief Financial Officer, reporting directly to Otis Chair, CEO and President, Judy Marks.

Effective August 23, Mendez will succeed Anurag Maheshwari, who is pursuing an opportunity outside Otis.

Mendez currently serves as Senior Vice President, Finance EMEA & Transformation, with a strong focus on FP&A, M&A and transformation activities.

Before joining Otis in 2022, she served as a senior Finance executive in the global telecommunications industry for more than 15 years. She spent a majority of her career at the Telefonica Group, where she was Senior Vice President, Director Controlling of Telefonica Deutschland.

read more
U.S. Dollar Drops After Powell's Speech

U.S. Dollar Drops After Powell's Speech

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.
RTTNews | il y a 4h 8min
TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

The Canadian market is up firmly in positive territory a little past noon on Friday, with stocks from across several sectors moving higher on strong buying support amid rising hopes of an interest rate cut by the Federal Reserve in September.
RTTNews | il y a 9h 39min
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.
RTTNews | il y a 11h 47min
FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.
RTTNews | il y a 16h 9min