Fuwei Films To Appoint Yong Fang As CFO After Completion Of Merger With BaiJiaYun

RTTNews | 1099日前
Fuwei Films To Appoint  Yong Fang As CFO After Completion Of Merger With BaiJiaYun

(RTTNews) - Fuwei Films (Holdings) Co., Ltd. (FFHL) announced Friday that Yong Fang will be appointed as the chief financial officer of the Company and Jingjing Cheng, the current chief financial officer of the Company, is expected to resign from such role.

This will take place immediately upon the completion of the merger transaction previously announced on July 19, 2022 contemplated by the agreement and plan of merger between Fuwei Films and BaiJiaYun Limited.

Fang has served as the CFO of BaiJiaYun Ltd. and its subsidiaries since June 2021. From July 2018 to May 2021, he served as the assistant controller of Sangraf International Inc. and from January 2018 to July 2018, Fang served as the technical accounting manager at SOA Projects, Inc.

From January 2015 to January 2018, Fang served as the senior auditor at the San Francisco office of Marcum LLP, an independent public accounting & advisory services firms. From January 2014 and January 2015, Fang worked as financial consultant at Murdock and Martel, which provides accounting, finance and human resources services to established and emerging growth companies in Silicon Valley, California.

read more
Russia Cuts Key Rate By 50 Bps As Expected

Russia Cuts Key Rate By 50 Bps As Expected

Russia's central bank cut its interest rate by 50 basis points on Friday but reiterated that it will maintain policy tight to bring inflation back to the target. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate to 16.00 percent from 16.50 percent. The decision matched market expectations. The bank has lowered the interest rate by 400 basis points since Jun
RTTNews | 1時52分前
Bay Street May Open Slightly Higher

Bay Street May Open Slightly Higher

The Canadian market, which snapped a four-day losing streak on Thursday, looks headed for a positive start Friday morning. Canadian retail sales data, and U.S. PCE reading are likely to make an impact.
RTTNews | 2時32分前
FTSE 100 Flat In Cautious Trade

FTSE 100 Flat In Cautious Trade

UK's FTSE 100 was flat a little past noon on Friday with investors largely refraining from making big moves. A report showing an improvement in consumer sentiment supported the market, while data showing an unexpected drop in retail sales appeared to render the mood cautious.
RTTNews | 3時13分前
CAC 40 Roughly Flat In Lackluster Trading

CAC 40 Roughly Flat In Lackluster Trading

France's CAC 40 was roughly flat a little past noon on Friday in somewhat lackluster trading as investors, digesting the recent policy announcements from the Bank of England and the European Central Bank, awaited the crucial PCE readings from the U.S., after yesterday's data showed an unexpected drop in consumer prices in the month of November in the world's largest economy.
RTTNews | 3時44分前
Bank Of Japan Lifts Policy Rate; Hints At More Hikes

Bank Of Japan Lifts Policy Rate; Hints At More Hikes

The Bank of Japan raised its benchmark rate by a quarter-point to the highest level in three decades as inflation continued to remain above the target and hinted at further hikes. The policy board, headed by Ueda Kazuo decided, by a unanimous vote, to hike the uncollateralized overnight call rate to "around 0.75 percent" from "around 0.5 percent."
RTTNews | 4時2分前
DAX Down Marginally As Stocks Turn In Mixed Performance

DAX Down Marginally As Stocks Turn In Mixed Performance

German stocks turned in a mixed performance Friday morning with investors assessing the monetary policy moves by the European Central Bank and the Bank of England, and data showing an unexpected drop in U.S. price growth.
RTTNews | 4時14分前
UK Retail Sales Fall Unexpectedly

UK Retail Sales Fall Unexpectedly

UK retail sales dropped unexpectedly in November as the Black Friday effect was slightly weaker than usual, data from the Office for National Statistics showed Friday. Retail sales dropped marginally by 0.1 percent in November from a month ago. The decline confounded expectations for an increase of 0.3 percent but this was slower than October's 0.9 percent decrease.
RTTNews | 5時7分前