Fri, December 6, 2024

by: The New York Times

Trump Names Top Silicon Valley Conservative to Oversee Crypto and A.I.

David Sacks, a venture capitalist who hosts a hit podcast, has generally called for a looser hand in regulating both emerging technologies.

by: Asian Development Bank

The Story of a Women-led Business Employing Women

by: RTE Online

Winners of Business & Finance awards announced

President of Global Affairs at Meta and former Deputy Prime Minister of the UK, Nick Clegg, was honoured at the 50th Annual Business & Finance Awards in Dublin.

by: Business Today

RBI MPC Meet: Is the central bank hinting at higher prices in near future? Here's what experts feel

The RBI marginally increased its inflation forecast for the fiscal year to 4.8% on Friday. This adjustment came after leaving the previous forecast unchanged at 4.5% in October.

by: Zawya

SACE and African Development Bank Group to work together under the "Mattei Plan"

by: abp LIVE

How Bajaj Finance is Making Digital Payments Simpler and Safer

Bajaj Finance has a long-standing reputation in the financial world for its forward-thinking approach, and digital payments are no exception.

by: businesslive.co.za

Nedbank scoops two prestigious global awards

The financial services provider has been named Best Bank for Transaction Banking in Southern Africa and Best Retail Bank in SA

by: Cyprus Mail

RIF launches new scheme for innovative Cypriot companies

The Research and Innovation Foundation (RIF) on Friday announced the launch of 'Boost,' a new blended finance scheme. The new scheme is designed to support certified innovative companies in Cyprus by providing grants of up to €300,

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: 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: 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: 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: 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: 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: 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 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: businesstech.co.za

Eskom to sell R5.7 billion business

Eskom, on the other hand, needs to raise revenue, with the sale of its home loan business a condition of the government's R254 billion bailout package for the state-owned entity. Eskom has recently proposed a revenue and price increase of 66% over the next three years, which equates to:

by: moneycontrol.com

Flying in fog season: Essential tips to avoid delays and cancellations

by: Business Line

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

by: Business Line

Fusion Finance plans ?800 crore rights issue to boost capital

by: Yahoo Finance

The Kroger Co (KR) Q3 2024 Earnings Call Highlights: Strong Digital Growth and Strategic ...

The Kroger Co (KR) reports robust digital sales and strategic advancements, despite facing macroeconomic pressures and reduced fuel profitability.

by: Business Times

Temasek unveils S$10 billion private credit entity

SINGAPORE'S state investment company Temasek said on Friday (Dec 6) that it has established a wholly owned private credit entity with an initial portfolio amounting to S$10 billion, consisting of direct investments and credit funds.

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: 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: 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: 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: Business Standard

Maldives Finance Minister Moosa Zameer graced Vishwa Samudra Golden Eagles Golf Championship

Vishwa Samudra Engineering (VSE) recently concluded The 8th Vishwa Samudra Golden Eagles Golf Championship in Delhi and Mumbai. Graced by the presence of Moosa Zameer, Finance Minister of the Maldives,

by: Business Standard

Year-end portfolio review, Vatsalya scheme: Top personal finance stories

This week report about how to check and balance your financial investments and how a government scheme for children's retirement scheme works

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

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: 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: Reuters

Russia's Sberbank to open offices in Russian-controlled Ukrainian regions this month

Russia's largest lender Sberbank plans to open offices in Russian-controlled parts of the Ukrainian regions of Kherson and Zaporizhzhia this month, Alexander Vedyakhin, first deputy chairman of Sberbank's board,

by: Reuters

Dollar General flags profit margin squeeze from holiday discounts, shares fall

Dollar General warned on Thursday profit margins would be pressured in the holiday quarter due to higher promotions and discounts as shoppers stuck to buying more essentials like groceries, sending its shares down as much as 5%.

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,

by: Reuters

Singapore's Temasek unveils $7.5 billion private credit entity

Singapore's state investment company Temasek said on Friday that it has established a wholly owned private credit entity with an initial portfolio amounting to S$10 billion ($7.5 billion), consisting of direct investments and credit funds.

by: Reuters

Volkwagen's German plants must get more efficient, CFO says

Volkswagen's finance chief said on Thursday its labour force would need to shrink if its German factories did not become more efficient and that the group's dividends would fall in line with earnings.

by: MSN

Ian King quits Business Live and will leave Sky News in Spring

Presenter Ian King has quit Business Live and will leave Sky News early next year, it has been announced. King has been with the news channel for ten years and has "agreed to contribute analysis and reporting" to Sky News' website over the coming months ahead of his departure.

by: MSN

Broadcom Inc (AVGO): Leading AI Innovation with Breakthrough Technologies

We recently published a list of 10 AI Stocks That Will Skyrocket. In this article, we are going to take a look at where Broadcom Inc. (NASDAQ:AVGO) stands against other AI stocks that will skyrocket.

by: Reuters

Investment banks eye 2025 income boom as Trump drives deal rebound

by: MSN

3 ways to earn an extra $500 for the holidays

by: MSN

Midcap and largecap IT stocks poised for 20% growth in next one year: Chakri Lokapriya

If you look at within financial services, let us take for instance, the power financiers, REC Power Finance. Now, these are relatively more secular in terms of their loan growth rates because infrastructure power where they lend to will be rather secure.

Trump Names Top Silicon Valley Conservative to Oversee Crypto and A.I.

David Sacks, a venture capitalist who hosts a hit podcast, has generally called for a looser hand in regulating both emerging technologies.

The article from The New York Times discusses David Sacks, a venture capitalist known for his involvement in the cryptocurrency and AI sectors, and his increasing influence within Republican politics, particularly his support for Donald Trump. Sacks, who has a history of backing tech startups and has recently pivoted towards political activism, has become a key figure in Silicon Valley's political landscape. His endorsement of Trump, especially in light of Trump's legal challenges and the 2024 presidential race, marks a significant alignment between tech moguls and conservative politics. Sacks has been vocal about his belief in Trump's policies on deregulation and tax cuts, which he sees as beneficial for the tech industry. Additionally, his involvement in cryptocurrency and AI reflects a broader trend where tech entrepreneurs are leveraging their influence to shape political discourse, particularly around issues like innovation, regulation, and economic policy.

Read the Full The New York Times Article at:
https://www.nytimes.com/2024/12/05/us/politics/david-sacks-crypto-ai-trump.html