Sun, December 8, 2024

by: Arabian Business

Dubai Ruler Sheikh Mohammed announces new UAE Ministry of Family, government reshuffle

The changes include the establishment of the UAE Ministry of Family and the elevation of the Ministry of Community Development to become the Ministry of Community Empowerment

by: AOL

Wall Street's 2025 outlook for stocks

It's extremely difficult to predict short-term moves in the market with any accuracy. But the research, analysis, and commentary behind these forecasts can be very informative.

by: Yahoo Finance

Millions hurt by credit repair firms to share $1.8 billion in refunds

Payments to victims of Lexington Law and CreditRepair.com are the largest yet by Consumer Financial Protection Bureau.

by: Trinidad Express Newspapers

ANSA MD De Souza a new SRC chairman

ANSA Merchant Bank managing director Ian De Souza has been appointed as a Chairman of the Salaries Review Commission (SRC).

by: Daily News

Orient Finance achieves net profit of Rs. 186.39 Mn, reflecting 300.67% increase

Orient Finance PLC, for the period ended September 30, 2024, reported significant growth in key financial metrics and achieved a net

by: The West Australian

Bank deposits boom as mortgage borrowers battle - the gap widens

There are two clear groups of Australians right now - those with the cash and those without it, and the cash holders are laughing all the way to the bank.

by: MSN

12 Legit Work From Home Jobs That Pay $30 or More per Hour

If you need a good-paying work from home job, look no further! Here are 12 remote jobs that pay $30 per hour or more!

by: Business Standard

Potato supply ban sparks political tensions, price hikes in states

Amid political blame game over Bengal's ban on tuber exports, which led to shortages in Jharkhand and Odisha, Uttar Pradesh farmers are the unlikely winners

by: businessday

Mournful faces everywhere as economy bites with no respite in sight

Nigeria, Africa's largest oil producer, is reeling from a series of economic shocks exacerbated by policy decisions that, while

by: MSN

Let's Talk Business in Pueblo: Parade of Lights winners, new development programs and more

Here's what's new with Pueblo businesses this week, including PCSO K-9 teams recertifying, a new business scaling program and Pueblo Restaurant Week.

by: The West Australian

Green shoots emerging as Praemium follows the money

There is an old line that says 'patience pays a premium' when it comes to the market, and that by exerting some restraint the calm investor can gain opportunities that the bold never will.

by: Business Standard

Centre may halt Sovereign Gold Bonds issuance from FY26 to reduce govt debt

government's fiscal burden. Now that the government has decided to sustainably bring down the debt-to-GDP ratio from FY27, there is no reason why such a scheme should be continued. It has also outlived its initial purpose of reducing physical gold imports," a senior government official said,

by: Business Standard

Limited appetite raises questions on insurance FDI growth projections

The pace of FDI utilisation has been slow. Among private-sector non-life insurers, no company has reached the current 74 per cent threshold
Mon, December 9, 2024

by: Fast Company

Finance leaders discuss the challenges and opportunities reshaping the corporate world

by: The Boston Globe

Reimagining business success in Rhode Island communities

The LocalBiz Resiliency Program launches "one-stop shop" small business support cohorts in Woonsocket, Central Falls.

by: Arabian Business

Kuwait sets 2025 start for 15% corporate tax in major fiscal overhaul

The reform comes as Kuwait seeks to diversify its revenue streams beyond oil income, following similar moves by other Gulf nations to modernise their tax systems

by: NDTV

Over 250 Corporates, 8,000 Business School Students Attend IIM Mumbai's Premier Fest

AVARTAN 2024 is not only about academic knowledge but also about practical engagement with industry trends and corporate practices.

by: businesstech.co.za

Business Talk - Standard Bank's Amish Shunker and Justin Milo on South Africa's role as an intra-African trade leader

In this Business Talk with Michael Avery interview, Standard Bank's Amish Shunker and Justin Milo discuss intra-African trade and its impact on South Africa. Shunker is the Head of the Solutions Structuring Group and Head of Trade for Africa at Standard Bank CIB.

by: Mint

Why the coolest job in tech might actually be in a bank

For tech and AI talent, jobs at financial services companies are more desirable than they have ever been. Banks have been working hard to make it happen.

by: Daily Monitor

BoU banks on oil, mining inflows for stable shilling

Bank of Uganda has said increased capital inflows in mining and oil are expected to continue supporting the shilling, which has held a steady position for the better part of 2024. The shilling closed last Friday at Shs3,673.18 against the dollar, which is a strong improvement from a weak of above Shs3,800 in February.

by: Business Insider

Meet the new Trump administration staffers who will shape key US policies starting in 2025

Trump's cabinet picks so far include Matt Gaetz, Elon Musk, and Pete Hegseth. See who else he's tapped in 2024 to be part of his administration.

by: Cyprus Mail

Keve president to address economic challenges and opportunities at AGM

Cyprus Chamber of Commerce & Industry (Keve) president Stavros Stavrou is set to deliver a speech addressing key economic and business issues at the chamber's annual general meeting on Thursday. The event will be held in Nicosia and will feature a keynote address by the president Nikos Christodoulides.

by: Daily News

Tanzania's path to prosperity

Tanzania is one of the most preferred destinations for foreign investment in Africa, ranking among the 10 biggest recipients of FDI on the continent, thanks to robust economic growth and continuing reforms to improve business and investment climate.

by: Fortune

Barbara Corcoran says one of her best business decisions came about because of a breakup

"But you know what about endings? They force you on to a new beginning," said real estate mogul Barbara Corcoran.

by: Tuko

UK finance minister hails 'milestone' talks with EU counterparts

UK finance minister Rachel Reeves advocated Monday for "more normal trading relations" with the European Union, as she became the first British chancellor since Brexit to attend a meeting of eurozone counterparts.

by: RTE Online

Reeves pushes for closer trade ties with EU in Brussels talks

Improving trade ties with the European Union could boost the economy and drive up living standards, UK Chancellor Rachel Reeves claimed, as she attended a meeting of EU finance ministers today.

by: The Hill

Cyprus and the US double down on a joint effort to combat financial crimes with more training

Cyprus and the U.S. said Monday that they're doubling down on a joint effort to crack down on illicit finance with additional training of Cypriot law enforcement authorities

by: cnbctv18

Budget 2025 | SEZs lost sheen after removal of direct tax breaks, govt mulls amendments to attract cos: Govt sources

Sources highlighted that the government plans to introduce changes to Rules and Subordinate Legislation under the SEZ Act to address immediate concerns, as passing the Bill may take time.

by: Forbes

World War III Has Already Begun - And Businesses Need To Take Note

The sudden collapse of Assad highlights the interconnectedness of a growing number of global conflicts, revealing a hard truth most of us would rather not think about.

by: Cyprus Mail

Hadjimanolis praises role of education in maritime industry

The Lloyd's List Greek Shipping Awards 2024 brought together hundreds of industry leaders in Athens, celebrating the achievements of local and international shipping. Deputy Minister of Shipping Marina Hadjimanolis attended on behalf of the Republic of Cyprus and presented the 'Achievement in Education or Training 2024' award to Captain

by: RTE Online

UK finance minister Reeves to attend Eurogroup meeting

The President of the Eurogroup and Minister for Public Expenditure, National Development Plan Delivery and Reform, Paschal Donohoe, is in Brussels to chair the December Eurogroup meeting.

by: cnbctv18

Bajaj Allianz Nov Update: General insurance gross direct premium at ?1,324.67 crore

Bajaj Allianz Life Insurance recorded total new business premiums of ₹659.35 crore for November. Shares of parent company Bajaj Finserv Ltd ended at ₹1,638.05, up by ₹2.20, or 0.13%, on the BSE.

by: The New Zealand Herald

UK finance minister to address EU counterparts in post-Brexit 'reset'

Britain's Chancellor Rachel Reeves is set to address a meeting of Eurozone finance ministers in Brussels on Monday to urge a "business-like relationship" between the European Union and post-Brexit UK.

by: Forbes

Talking AI: Top Three Barriers To Digital Adoption

While the industry has grown in terms of infusing innovation into formerly manual processes, many lenders say they are not ready to dive into the latest wave of AI.

by: Business Standard

Shaktikanta Das: The man behind GST, note ban, Covid monetary response

Shaktikanta Das, who will demit office as the Governor of the Reserve Bank of India on Tuesday, was the key man behind the planning and execution of the demonetisation drive and rollout of the landmark Goods and Services Tax (GST).

by: Reuters

BYD on track to top 2024 sales goal and outsell Ford, Honda

China's top electric vehicle producer BYD is set to show further market share gains when November vehicle sales data is released on Monday, putting it on course to exceed its annual goal and overtake Ford and Honda in global sales.

by: Yahoo Finance

Platform Accounting Group acquires DHS Advisors

By joining the group, DHS Advisors' team of directors are expected to gain access to expanded resources and support.

by: AOL

Forget bling, De Beers has found a surprising use for lab-grown diamonds outside of luxury jewelry, and business is booming

De Beers has a huge sway on diamond prices as it's still a significant player in the market. However, it has repeatedly cut diamond prices in the hopes of attracting more buyers, painting a gloomier picture of the future.

by: Yahoo Finance

Trump's business empire has expanded. Here's where he could profit in his second term.

When Trump returns to the White House, he'll do so with a more sprawling business empire and far fewer promises about how he'll avoid conflicts of interest.

by: Reuters

From budgets to diplomacy, South Korea reels from martial law fallout as Trump looms

From trade and diplomacy to markets and budgets, South Korea struggled to contain the fallout from the president's brief but shocking martial law attempt last week, just as the country navigates an uncertain future with its ally the United States.

by: Reuters

Exclusive: Kering in talks with Italy to settle Alexander McQueen tax dispute, sources say

French luxury goods group Kering is negotiating with the Italian tax authorities to settle a tax probe centred on its Alexander McQueen fashion brand, two sources with direct knowledge of the matter told Reuters on Monday.

by: Reuters

Exclusive: China regulators tell banks to expedite offshore company listings, sources say

Regulators in mainland China and Hong Kong have told some of the world's biggest investment banks to help speed up Chinese companies' listings in the city, said sources, in a bid to boost fundraising overseas and revitalise the world's No.

by: Reuters

Bank of England's Ramsden says will be vigilant towards greater risk-taking

The Bank of England will be vigilant over the possibility that investors will take greater risks after a year of relative stability in markets, Deputy Governor Dave Ramsden said on Monday.

by: MSN

Arthur J Gallagher strikes $13.5 billion deal to strengthen US insurance broker business

Arthur J Gallagher said on Monday it would acquire insurance broker AssuredPartners in an all-cash deal worth $13.45 billion, as it looks to bolster its focus on property and casualty and employee benefits across the U.

by: MSN

WSJ Crossword December 9 2024 Answers (12/9/24)

Our WSJ Crossword December 9, 2024 answers guide should help you finish today's crossword if you've found yourself stuck on a crossword clue. The Wall Street Journal Crossword is a well-known and respected puzzle that appeals to solvers looking for a challenging and thought-provoking experience.

by: MSN

Arthur J. Gallagher to buy AssuredPartners in $13.45 billion deal

Arthur J. Gallagher said on Monday it has agreed to acquire insurance broker AssuredPartners in a $13.45 billion deal, as it looks to bolster its presence in the vast and fast-growing middle-market segment.

by: MSN

Why house flipping can help 'make housing affordable again'

The biggest cause of the housing crisis is a lack of inventory, and building more homes is clearly a critical part of the equation.

by: MSN

Finance and audit experts dominate South Korea's year-end leadership shakeups

Year-end leadership reshuffles across major South Korean conglomerates are spotlighting a growing preference for executives with backgrounds in finance and auditing. The appointments underscore a strategic pivot as companies navigate heightened uncertainties both domestically and globally while addressing challenges in their core operations.

Limited appetite raises questions on insurance FDI growth projections

The pace of FDI utilisation has been slow. Among private-sector non-life insurers, no company has reached the current 74 per cent threshold

The article from Business Standard discusses the challenges and projections regarding Foreign Direct Investment (FDI) in India's insurance sector. Despite the government's efforts to increase FDI limits from 49% to 74% in 2021, the actual inflow of FDI has been underwhelming. The article highlights that while there was an initial surge in FDI post-liberalization, the growth has since stagnated, with only a marginal increase in FDI equity inflows from $1.1 billion in FY21 to $1.2 billion in FY23. Industry experts suggest that the limited appetite for FDI could be due to several factors including regulatory uncertainties, profitability concerns, and the high capital requirements for insurance businesses. There's also a noted preference among foreign investors for other sectors like fintech and digital lending, which promise quicker returns. The article raises questions about the effectiveness of policy changes in attracting substantial foreign investment into the insurance sector, suggesting that more comprehensive reforms might be necessary to truly stimulate growth.

Read the Full Business Standard Article at:
https://www.business-standard.com/economy/news/limited-appetite-raises-questions-on-insurance-fdi-growth-projections-124120800411_1.html