• Fri, December 6, 2024

by: businesstech.co.za

New currency for South Africa, Russia and China bites the dust

Following threats from Donald Trump of retaliation, South Africa and now India have quickly moved to dismiss the very notion of a new BRICS currency.

by: KOLR10 & Ozarks Local News

Japan's Nippon Steel sets sights on a growing overseas market in its bid to acquire US Steel

The world through steel," underlining why Japan's top steelmaker is pursuing its $15 billion bid to acquire U.S. Steel. "We can't expect

by: Business Times

Want work-life balance? You have to make sacrifices, say panellists at dialogue on careers

THE right balance between work and life differs for everyone, and no matter the choice, something will have to give, said panellists at a discussion on finding the right career on Thursday (Dec 5) - hosted by thrive,

by: cnbctv18

20th edition of CNBC-TV18 India Business Leader Awards to honour trailblazers leading India's growth story

The CNBC-TV18 India Business Leader Awards (IBLA), presented by Standard Chartered Bank, return for its 20th edition on December 7, 2024, in Mumbai. With the theme 'Leadership in Action' taking centre stage,

by: moneycontrol.com

It's better to bring it at a price we can justify for everyone: Mobikwik CEO on IPO valuation

Speaking about the price band set for the offering, Mobikwik's CEO emphasised the importance of aligning the IPO price with the company's long-term vision and the need to maintain investor confidence

by: Business Line

RBI proposes credit line access on UPI for Small Finance Banks

by: Food Manufacture

Futureproofing farming: Finance expert shares inheritance tax insight and planning tips

Following recent backlash from many UK farmers against changes to inheritance tax, Sam Cawley, investment director and chartered financial planner from law firm Nelsons, explores what this will mean and some key considerations to help prepare for change and mitigate impact.

by: ZDNet

My 4 favorite open-source apps for personal finance - that run on Linux, MacOS, and Windows

Want to manage your finances in a dedicated money app? These open-source options are some of the most popular - and for good reason.

by: Upstream

Chevron's 2025 capex reduction could be a precursor to other supermajor rein-ins next year

by: Tuko

Kenya to Borrow KSh 500b Diaspora Loan to Upgrade JKIA, Finance Other Projects

by: bnnbloomberg

A Sociologist Shines a Light on Traders, Flash Boys and Online Adtech

by: Seeking Alpha

Gibson Energy: A 6.4% Dividend Yield While Investing In Growth

Discover why Gibson Energy is a strong investment option with its generous dividend, low payout ratio, and improved financial health.

by: AOL

Exclusive: Prima, Mexico-based manufacturing and supply chain integrator, reveals it has raised $42.5 million

Prima raised $23 million in new Series A backing earlier this year, a few months before Donald Trump's election victory.

by: WTOP News

MGM National Harbor had a slower November than last year

by: Business Standard

Japan Credit Rating Agency awards SMFG India Credit AA- Rating, 4 Notches Above India's Sovereign Rating

SMFG India Credit (SMICC), a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), has been awarded an international credit rating of "AA-" with a stable outlook by the Japan Credit Rating Agency (JCR).

by: Insider Monkey

Tourlite Capital Management's Q3 2024 Investor Letter

Tourlite Capital Management, an investment management firm, released its third quarter 2024 investor letter. Tourlite Fund, LP Founder Class returned 4.5% for Q3 2024 and 13.8% year-t0-date while the S&P 500 Index returned 5.9% and 9.3%, respectively. In addition, please check the fund's top five holdings to know its best picks in 2024.

by: Kiplinger

Lululemon Jumps to the Top of the S&P 500 After Earnings. Here's Why

Lululemon had a rough start to 2024, but shares bottomed over the summer and have been trending higher since. And Wall Street thinks brighter days are in store for the consumer discretionary stock. According to S&P Global Market Intelligence, the consensus recommendation among the 36 covering analysts it tracks is a Buy.

by: Slate

The Real Reason UnitedHealthcare's Stock Prices Spiked After Its CEO's Murder

UnitedHealthcare is not alone in this position. A group of academics found in 2016 that it's not uncommon for stocks to go up after the sudden death of a CEO. Sometimes the market expresses its lack of faith in a dead CEO by boosting the stock after their passing.

by: Miami Herald

Here's a plan to fix the housing crisis, starting with boosting home inventory

by: Yahoo Finance

CWB to reschedule fourth quarter and fiscal 2024 results release

CWB Financial Group (TSX: CWB) ("CWB") today announced that the release of its fourth quarter and fiscal 2024 financial results will be rescheduled. CWB deferred the release of its results from the originally planned date of December 6,

by: Crain's Cleveland Business

Kluch opening its largest cannabis facility yet in Cuyahoga Falls

Klutch Cannabis is working on construction at 1972 Akron-Peninsula Road, converting a former packaging plant on the city's border with Akron, where it plans to begin operations next year, said Klutch Founder and CEO Adam Thomarios.

by: MSN

9 Income Streams You Can Build While Still an Employee, According to Codie Sanchez

From Wall Street to Main Street, Codie Sanchez is leading a revolution in personal finance and wealth. The author of "Main Street Millionaire" is on a self-proclaimed mission "to create 1

by: Reuters

Inflation prompts India cenbank to raise agri loan limit

India's central bank said on Friday it will raise the limit for collateral-free agriculture loans to 200,000 rupees ($2,364.15) in a bid to enhance access to formal credit for small and marginal farmers in the country.

by: Fox Business

The U.S. added 227,000 jobs in November, setting in motion potential Fed rate cuts in December

The job market remains stable but isn't growing substantially. This may lead to more interest rate cuts when the Fed meets in December.

by: Firstpost

Is Muhammad Yunus preparing Bangladesh for crisis or elections?

by: businessday

Inadequate finance, power stifle MSMEs growth in 2024 - Report

Limited access to finance and unreliable power supply remain the biggest hurdles for Nigeria's micro, small, and medium enterprises

by: MSN

This anti-'woke' investor is wooing Trump voters. His first target: Starbucks

The anti-'woke' Azoria fund targeting Starbucks and other S&P 500 companies is the first to try to profit from the Trump election.

by: Crain's Cleveland Business

New Cleveland Fed president is optimistic about the region despite financial challenges

Hammack takes on this new role following a long tenure with Goldman Sachs Group Inc., where she began working in 1993 as capital markets analyst. Her last role there was cohead of the firm's global financing group.

by: Reuters

Exclusive: WhatsApp use by Credit Suisse staff scrutinised by UK regulator, documents show

The UK's Financial Conduct Authority is scrutinising allegations that some former Credit Suisse employees shared confidential information over the WhatsApp messaging platform, documents seen by Reuters show.

by: Business Standard

IDFC FIRST Bank Elevates Customer Experience with India's First AI-Powered Interactive Avatar of its brand ambassador Amitabh Bachchan

IDFC FIRST Bank has unveiled the first-of-its-kind AI-powered holographic digital avatar of the country's most celebrated and legendary actor Amitabh Bachchan, setting a new benchmark in customer engagement and digital innovation.

by: businessday

IFC invests record $14.2bn in Africa in 2024 to support economic growth

by: Yahoo Finance

Meet the Unstoppable Artificial Intelligence (AI) Stock That Could Join Apple, Nvidia, and Microsoft in the $3 Trillion Club by 2028

Meet the Unstoppable Artificial Intelligence (AI) Stock That Could Join Apple, Nvidia, and Microsoft in the $3 Trillion Club by 2028 At the start of 2022, Apple (NASDAQ: AAPL) became the first company to reach a $3 trillion market cap.

by: Business Line

Share Market Highlights: Sensex, Nifty dip; RBI's CRR cut eases liquidity worries

by: Business Times

Want work-life balance? You have to make sacrifices, say panellists at thrive dialogue on career

THE right balance between work and life differs for everyone, and no matter the choice, something will have to give, said panellists at a discussion on finding the right career on Thursday (Dec 5) - hosted by thrive,

by: businessday

BOI, African Guarantee Fund sign $50m deal to scale up MSME financing

The Bank of Industry (BOI) and African Guarantee Fund (AGF) have signed a $50 million Loan Portfolio Guarantee framework that will

by: Reuters

EVs, plug-in hybrids' reliability concerns ease but still lag gas-powered peers, survey shows

Electric vehicles and plug-in hybrids are seeing concerns over their reliability easing but they still lag gas-powered vehicles, a survey by an influential U.S. non-profit organization showed on Thursday.

by: Business Standard

How to check your GST refund status and know common reasons for delays

One major cause of delay is incomplete documentation. Missing or incorrect information, such as mismatched invoices or inadequate export declarations, can slow down the process. Another common issue is discrepancies between the details in your GST returns (e.g., GSTR-1, GSTR-3B) and the refund claim.

by: MSN

Patterson Companies, Inc. (NASDAQ:PDCO) Q2 2025 Earnings Call Transcript

Q2 2025 Earnings Call Transcript December 5, 2024 Operator: Thank you for standing by and welcome to the Patterson Companies' Second Quarter Fiscal 2025 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

by: Reuters

Trump's easing of regulations to trigger Japan outbound M&A, Citi exec says

Japanese companies will find it easier to gain approval for U.S. acquisitions under the incoming Trump administration, the vice chairman of Citigroup in Japan said, even as President-elect Donald Trump opposes Nippon Steel's attempted buyout of U.

by: MSN

Direct Line Agrees to Aviva's Sweetened $4.6 Billion Takeover Offer

Aviva improved the offer for its smaller rival by 10%, and both parties said they have reached a preliminary agreement on the terms of a potential deal.

by: MSN

Top 5 Benefits of Integrating CryptoProcessing.com into Your Business Model

As crypto adoption grows, businesses are finding new ways to use digital assets to boost efficiency and customer experience. Integrating a crypto payment processor for business like CryptoProcessing.com can offer more than just transaction capabilities.

by: Reuters

Climate-vulnerable countries push for credit rating overhaul

A group of climate vulnerable nations is using a U.N. meeting this week to push for a credit ratings overhaul, arguing ratings should reflect climate resilience measures, an advisor to the group told Reuters.

by: MSN

What Trump's nominations say about where trade and other economic policies might go

Some of Trump's Cabinet picks have raised hopes that his policies will not be wildly disruptive or bring back inflation. That may be wishful thinking.

by: MSN

Pulmuone names new CEO as strategy executive gets bump up

Pulmuone named Lee Woo-bong, its current corporate strategy officer, as the food company's new CEO on Friday. Lee joined Pulmuone in 1988 and has worked in the company's sales, finance, strategy and management departments throughout his career.

by: MSN

US Executives Turn Sharply Positive After Trump's Win, Surveys Show

US executives turned significantly more optimistic about the economy and prospects for their own businesses after Donald Trump won the presidential election, with finance chiefs and other leaders expecting stronger growth in 2025 even as they see inflation as a risk,
  • Sat, December 7, 2024

by: NBC News

Wealthy Americans are still ducking the IRS crackdown on non-filers

A quirk in federal tax law may be incentivizing wealthy people who want to avoid paying taxes to simply not file their returns.

by: Business Standard

Annapurna Finance raises $109.5 mn via multilateral ECB transactions

Micro and SME lender Annapurna Finance has raised USD 109.5 million (around Rs 927 crore) through a multilateral syndicated social loan facility under the external commercial borrowing framework, a statement said on Saturday.

by: The New York Times

Backers of Most U.S. Mortgages Have Done Little About Climate Risks

Fannie Mae and Freddie Mac know increasing floods and wildfires are a problem. Dealing with them, however, would require trade-offs.

Climate-vulnerable countries push for credit rating overhaul

A group of climate vulnerable nations is using a U.N. meeting this week to push for a credit ratings overhaul, arguing ratings should reflect climate resilience measures, an advisor to the group told Reuters.
The article from Reuters discusses how climate-vulnerable countries are advocating for a significant overhaul of the global credit rating system. These nations argue that current credit ratings do not adequately account for the economic impacts of climate change, which disproportionately affects them. At the COP28 climate summit in Dubai, representatives from these countries, including finance ministers and central bank governors, are pushing for reforms that would recognize their efforts in climate adaptation and mitigation. They propose that credit ratings should reflect investments in green infrastructure and resilience measures, which could potentially lower borrowing costs and provide better access to international finance. This push comes amidst growing recognition that traditional economic metrics fail to capture the full scope of climate-related financial risks and opportunities.

Read the Full Reuters Article at:
https://www.reuters.com/business/environment/climate-vulnerable-countries-push-credit-rating-overhaul-2024-12-06/