Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings 
Anthropic Brings Claude AI Models to Microsoft Azure Foundry With NVIDIA Blackwell GPUs 
China Eastern Orders 25 Airbus A330neo Jets in $9.35 Billion Deal to Boost International Expansion 
Asian Stocks End Strong Quarter as Dollar Surges, Yen Hits 40-Year Low Ahead of US Jobs Data 
Trump Urges Gasoline Retailers to Cut Prices to $2.50 Per Gallon, Warns of Legal Action 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Firmus Partners With Nvidia to Deliver 170,000 AI GPUs in $30 Billion Cloud Infrastructure Deal 
China Sets 1.25% Overnight Reverse Repo Rate Below Market Expectations 
Super Micro Shares Slide After Taiwan Raids Over Alleged Nvidia AI Chip Smuggling Probe 
Gold Price Falls as Fed Rate Hike Fears and U.S.-Iran Tensions Weigh on Bullion 
Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO 
Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts 
South32 Sells Major Aluminium Assets to Alcoa in Deal Worth Up to $5.6 Billion 
Europe Heatwave Creates Growth Opportunity for Carrier, Trane, and Johnson Controls, Citi Says 
Kakaku.com Shares Rise as Bain Capital and LY Corp Prepare Higher Takeover Bid Than EQT 
Oil Prices Slip as U.S.-Iran Peace Talks and Strait of Hormuz Risks Keep Markets on Edge 
The Carlyle Group financial services company announced last weekend that its chief executive officer, Kewsong Lee, has resigned. It was an unexpected move because his contract is to lead the company as its chief for five years, so he still has the remaining five months to fulfill.
His resignation as Carlyle’s CEO this month will as officially end his term since being appointed with the role with GlennYoungkin as co-chief in January 2018. Officials said that his sudden exit will reverse a changing of the guard set in motion just five years ago when the company’s founders gave up their leadership duties and passed them on to the new co-CEOs.
The private equity firm said that Lee will step down immediately. Reuters reported that Carlyle and the outgoing chief mutually agreed that they will not be extending or renewing his contract once it concluded by the end of this year. It was said that the company did not disclose the reason for the decision regarding Lee’s contract renewal.
The reason for his resignation was not mentioned as well but there were reports that say it was due to a dispute in negotiations regarding his contract renewal. Lee also stepped down as a board member of the company.
Bill Conway, The Carlyle Group’s co-founder, will be serving as interim CEO while the search for a new chief is carried out. It was also noted that Lee’s departure comes just 18 months after the company announced its strategic plan to scale up growth and boost shareholder value.
“The Board is grateful to Kewsong for everything he has done to position Carlyle for the future. As Carlyle undertakes this process to select a new leader, we do so from a position of strength, a testament to the performance of our talented team,” Conway said in a press release to announce changes in company leadership.
He added, “Today, Carlyle is a more diversified, resilient firm with the resources to continue to invest in accelerating our growth trajectory. Looking ahead, our objective remains to execute on our vision of enhancing scale, speed, and performance in order to grow and deliver sustainable results, in any investment environment."
Finally, Conway also said that the search for a new CEO will be done with a sense of urgency. While they wait for the new leader, the interim chief assured they will continue to work and continue to execute the existing business plan.
