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Share to Twitter Share to Linkedin Top Nevada-based cannabis cultivator and producer Flower One has made a key hire to its C-suite team. The company has named Tim Shoemake as chief operating officer. His appointment began June 28, 2022. On Shoemake joining Flower One, Kellen O'Keefe, president and CEO of Flower One, expressed unbounded enthusiasm. “We are very excited to have Tim on board, as he brings a unique combination of experience both inside and outside of cannabis to the table,” said O’Keefe, in a statement . “Tim’s expertise in large-scale, highly competitive perishable goods manufacturing makes him a valuable asset, and we look forward to working closely with him to assure we deliver the quality and consistency needed to be successful.” Shoemake echoed O'Keefe's enthusiasm. “I am thrilled to be part of such a fantastic organization, with a clear vision and deep commitment to doing things right," he said, also in a statement. "The … [Read more...] about Nevada Cannabis Firm Flower One Expands C-Suite With New Hire

- A + A LONDON (June 30): Investors knew that, after two years of COVID-19 chaos, 2022 would be a bumpy ride, but nobody expected this - the most turbulent first half global markets have ever seen. To grasp just how torrid things have been, consider two things. MSCI's 47-country world stocks index has suffered its biggest 1H drop since its creation in 1990. At same time, 10-year U.S. Treasury bonds - the benchmark of global borrowing markets and traditional go-to asset in troubled times - have had their worst first half since 1788. Why? Russia's invasion of Ukraine supercharged what was already fast-rising inflation, forcing the big central banks to jack up interest rates and politicians to warn of new world orders. The result? A $13 trillion wipeout in world stocks, a 15.5% plunge Japan's yen, Italy's worst rout since the euro zone crisis, and what is shaping up to be the strongest commodities rally since World War I. Add to that Russia being gouged out the … [Read more...] about Markets in 1H: The almost perfect storm

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A ALL eyes are on RHB Banking Group’s newly minted group managing director (MD) and group CEO Mohd Rashid Mohamad as he steers the fourth-largest banking group by assets forward in a tough operating landscape. “It’s very challenging, especially now in a fast-changing market environment, and as we face potential risks such as geopolitical and inflationary,” acknowledges Rashid in his first exclusive interview as group MD/CEO. Competition has intensified, given new entrants into the market, which are not just new banks but also technology companies that compete for the same pie. Rashid adds that this has partly affected the profitability of the industry, along with many other factors. He notes that banks globally no longer see “high ROEs” as before. For RHB Bank Bhd, its return on equity (ROE) in the past 10 financial years hit a high of 13.4% in FY2012 before … [Read more...] about Cover Story: RHB’s Game Plan in ‘fast-changing’ new normal