• Mon, December 2, 2024

by: Bill Williamson

Stock market today: Nasdaq touches all-time high, S&P 500 holds near record to kick off final month of banner 2024

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by: Bill Williamson

Cheap electric car finance could be on the cards as government aims to boost sales

A newspaper column and whispers suggest that government-backed cheap EV loans could be coming to stimulate market

by: Bill Williamson

Stock market today: Nasdaq jumps, aims for record as stocks kick off final month of banner 2024

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by: Bill Williamson

Stock market today: Nasdaq pops as Dow, S&P 500 hold near record highs to kick off final month of banner 2024

The S&P 500 ( ^GSPC) was relatively flat, coming off a record close, while the Dow Jones Industrial Average ( ^DJI) was little changed on the heels of the index's own all-time high. The tech-heavy Nasdaq Composite ( ^IXIC) was up 0.2%.

by: Bill Williamson

Accenture nominates Masahiko Uotani, Jennifer Nason to board of directors

by: Bill Williamson

St James's Place to cut around 500 jobs, source says

by: Bill Williamson

Roanoke announces new city manager

ROANOKE, Va. (WDBJ) - The Roanoke City Council has announced its new city manager to replace Bob Cowell, who resigned in June. Valmarie H. Turner will join the city in mid-January, with the City Council having unanimously approved an employment agreement with her at its December 2 meeting.

by: Bill Williamson

Stock market today: Nasdaq pops as Dow, S&P 500 hold near records to kick off final month of banner 2024

The S&P 500 ( ^GSPC) edged up roughly 0.1%, coming off a record close, while the Dow Jones Industrial Average ( ^DJI) slipped 0.4% from its recent all-time closing high. The tech-heavy Nasdaq Composite ( ^IXIC) popped 0.8%.

by: Bill Williamson

B2B supply chain financing platform Mintifi raises $80 million from Prosus

The investment firm acquired a 10.65 per cent effective interest in the Mumbai-based fintech with the latest round of fund infusion

by: Bill Williamson

Why Keir Starmer's botched honeymoon with business is firmly in the bin

The Labour Party attempted to woo Britain's businesses, but they were having absolutely none of it and now we know precisely why.

by: Bill Williamson

Trump's second coming: What it means for the global economy and India's next move

The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge? - Issue Date: Dec 08,

by: Bill Williamson

Intel CEO Gelsinger retires; Zinsner and Johnston Holthaus named interim co-CEOs

Intel CEO CEO Pat Gelsinger has retired, with David Zinsner and Michelle Johnston Holthaus named as interim Co-CEOs. Gelsinger, whose career has spanned more than 40 years, also stepped down from

by: Bill Williamson

Truth about viral prediction that work as we know it will be 'extinct' within a decade

A series of posts on social media purporting to contain stark predictions from a tech guru about the future of work, including that the 9-to-5 model will be dead in a decade, have gone viral.

by: Bill Williamson

Govt to proceed with plan to set up revenue body, Hashim signals

Hashim Djojohadikusumo, Prabowo's top adviser and biological brother, said on Sunday that the Third Deputy Finance Minister Anggito Abimanyu is set to take helm of the planned body once it is established.

by: Bill Williamson

Hero Future Energies to invest $1.3bn in India's Karnataka

Hero Future Energies has signed a memorandum of understanding (MoU) with the government of the Indian state of Karnataka.

by: Bill Williamson

Business cycle funds: Ideal for seasoned investors with macro-driven goals

Business cycle funds aim to optimise returns by aligning their portfolios with different phases of the economic cycle

by: Bill Williamson

Taurus Daily Horoscope Today (April 20- May 20), December 2, 2024: Keep a broad perspective!

Taurus Money Horoscope Today There will be growth in various business matters. Follow rules and regulations, as income sources are likely to expand. Taurus Career Horoscope Today Work performance will improve,

by: Bill Williamson

Why ATM solutions company CMS Info Systems is looking for a queen

Once upon a time, the parent of CMS Info Systems provided traffic management services. Today, the lion's share of its revenue comes from cash management, a business that is under pressure from the rise in digital transactions.

by: Bill Williamson

India removes windfall profit tax on domestically-produced crude oil and fuel exports

by: Bill Williamson

Ripple's XRP Becomes One of World's Biggest Cryptocurrencies After Trump Election Surge

Ripple Labs' XRP Token has come up trumps post-election to become one of the world's biggest cryptocurrencies. The currency leapfrogged Solana's SOL and is now fourth behind only Tether's USDT, Ether token and of course Bitcoin.

by: Bill Williamson

Swiss corruption case involving Trafigura and former executive opens

Trafigura and three other defendants including a former board member go on trial over the alleged payment of bribes to an Angolan oil official for oil deals in a landmark case that opens on Monday.

by: Bill Williamson

Sebi issues attachment order for Anil Ambani's Reliance Big Entertainment

In its order, Sebi directed the attachment of all accounts, lockers, and proceeds due, along with freezing any debits from the accounts

by: Bill Williamson

Stock market today: Dow, S&P 500 hold near record highs to kick off final month of banner 2024

S&P 500 futures ( ES=F) slipped 0.1%, coming off a record close, while Dow Jones Industrial Average futures ( YM=F) were little changed on the heels of the index's own all-time high. Contracts on the tech-heavy Nasdaq 100 ( NQ=F) were also down 0.1%.

by: Bill Williamson

The good and the bad for South Africa heading into 2025

Momentum Investments unpacks how recent developments have created a more favourable environment for South Africa, but major risks remain.

by: Bill Williamson

Costco's Buffalo plan: cost, timeline and more

Costco wants "the site fully built out before they start building construction," Matt Oates, Benderson director of engineering, said in the May 16 email.

by: Bill Williamson

Avoid bad financial decisions: Spend wisely this festive season

by: Bill Williamson

Money blog: The one supplement experts agree is worth every penny

A reader's dispute with Karpet Kingdom, a look at whether vitamin D pills are worth it, and a story about Lifetime ISA rules leaving some Britons out of pocket are among the posts in today's Money blog - Sky News' hub for personal finance and consumer news.

by: Bill Williamson

Comment: Women are custodians of nature - and key to improving the integrity of carbon markets

As the world grapples with the urgent need to combat climate change, we find ourselves at a crucial juncture in the evolution of carbon markets.

by: Bill Williamson

Top Dividend Stocks To Watch In December 2024

by: Bill Williamson

Explainer: What's next in France's political and budget crises?

France's minority government is in a precarious position, with the far-right National Rally party promising to force the collapse of Prime Minister Michel Barnier's cabinet unless it yields to its demands on next year's budget.

by: Bill Williamson

The Closing: Dayssi Kanavos

Flag Luxury hotel developer and hospitality expert answers questions about getting into real estate, working with family and building in Miami

by: Bill Williamson

I'm in my 50s and am planning for early retirement abroad - how do I reduce my taxes on the $9 million in my retirement accounts?

F.I.R.E. strategy followers without a tax plan can face early withdrawal penalties, and tax issues that can be exacerbated if they become expats.

by: Bill Williamson

Business Council of Australia declares South Australia the winner for 2024

South Australia beats out every other state and territory as the best place in the country for business, the Business Council of Australia says.

by: Bill Williamson

Finance in the Age of AI: BFSI CFOs explore operational excellence, enhanced security and future readiness

Get the latest Business News, Live Share & Stock Market Updates, Top News from India and across world. Read Top Business News and updates on financial, economic and banking news on CNBCTV18.

by: Bill Williamson

Lord's Mark Industries Ltd. Strengthens Financial Governance with the Appointment of Sanjeev S Gupta & Associates as Peer Auditor

Lord's Mark Industries Ltd., a diversified business group, is pleased to announce the appointment of Sanjeev S Gupta & Associates. They are among top 25 audit firms in our country as per sources.

by: Bill Williamson

Maxed out? Try these five Stealth Elf moves to take control of your credit card debt

by: Bill Williamson

Kazakh & Chinese Officials, Business Leaders Intend to Enhance Interregional Cooperation

ASTANA - Kazakh Deputy Prime Minister and Foreign Minister Murat Nurtleu and Sichuan Communist Party Committee Secretary Wang Xiaohui reviewed the opportunities for Kazakhstan and China's interregional cooperation during a Nov. 30 meeting in Chengdu.

by: Bill Williamson

FTSE 100 LIVE: Stocks lower as UK house prices grow at fastest annual pace for two years

by: Bill Williamson

FinBox launches Industry's first Account Aggregation based data platform

FinBox, One of India's leading credit infrastructure and risk intelligence companies - has recently announced the launch of an Account Aggregator based Customer Data Platform (CDP) This unified platform will enable banks and NBFCs to access extensive customer data points and get actionable insights real-time.

by: Bill Williamson

Active fund managers hiked exposure to these sub-sectors. Are you invested in any of these?

Active fund managers have either increased their exposure to or taken fresh positions in equities in these sub-sectors.

by: Bill Williamson

Brian Anderson, driver of Akron polymer cluster, takes a break

People around town who've been following the development of a polymer club hang that moniker on Brian Anderson because more than probably any other single person he's been responsible for the cluster's successful development — and its ability to attract about $100 million in funding from the federal and state governments,

by: Bill Williamson

Canadian banks to show mixed Q4 earnings as mortgage renewals, rate cuts loom

Four out of Canada's six largest banks are expected to show a rise in earnings for the fourth quarter as Bay Street turns its focus to the lenders' forecasts for the new year amid interest rate cuts,

by: Bill Williamson

How to get a PAN card digitally on your email? A step-by-step guide

A nominal fee is required for a physical PAN card. It is important to note that existing PAN cards will remain valid even without the QR code

by: Bill Williamson

SBI to Open 500 New Branches in FY25 | Latest News

State Bank of India (SBI) plans to open 500 new branches across India in FY25. The bank has already opened 135 new branches till October 31, 2024.

by: Bill Williamson

Prosus' potential India IPOs: Meesho, BlueStone, PayU and Urban Company

Prosus is also looking at Captain Fresh, Mintifi, Vastu Housing Finance, Mensa Brands and Eruditus as future IPO candidates to capitalise on India's startup ecosystem

by: Bill Williamson

'Cost of health, life insurance...': Nirmala Sitharaman shares crucial update on GST in Parliament

In a written response in the Lok Sabha on December 2, Sitharaman mentioned that during its meeting on September 9, the GST Council had proposed forming a Group of Ministers (GoM) to comprehensively address the issues related to GST on life and health insurance.

by: Bill Williamson

Stupid Good BBQ opens in Springfield this week (why it's called that)

Stupid Good BBQ, the latest concept from Great American Restaurants, one of the largest independent restaurant operators in the D.C. area, opens Dec. 5, in Springfield, Virginia.

by: Bill Williamson

Major update on 'new' currency for South Africa, China and India

US President-elect Donald Trump previously issued a warning to BRICS countries trying to establish a new shared currency.

Major update on 'new' currency for South Africa, China and India

US President-elect Donald Trump previously issued a warning to BRICS countries trying to establish a new shared currency.
The article from BusinessTech discusses the potential introduction of a new common currency for the BRICS countries (Brazil, Russia, India, China, and South Africa) as an alternative to the dominance of the US dollar in global trade. This initiative, which has been a topic of discussion for years, aims to reduce reliance on the dollar, especially in light of geopolitical tensions and economic sanctions affecting some BRICS nations. The idea was highlighted during the 14th BRICS Summit in 2022, where leaders expressed interest in exploring local currency settlement mechanisms and possibly a new currency. However, the article notes that while there is interest, the practical implementation faces significant challenges including the need for economic convergence, political will, and the establishment of a robust financial infrastructure. The discussions are ongoing, with no definitive timeline or concrete steps announced yet, but the concept is seen as a move towards de-dollarization and enhancing economic sovereignty among these emerging economies.

Read the Full businesstech.co.za Article at:
https://businesstech.co.za/news/finance/802430/major-update-on-new-currency-for-south-africa-china-and-india/

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