• Thu, December 12, 2024

by: Reuters

HSBC, World Bank's IFC launch $1 bln trade finance programme for emerging markets

HSBC and the World Bank's International Finance Corporation (IFC) will jointly provide funding to trade transactions valued at up to $1 billion, in a move to help fill a gap in financing for emerging market trade.

by: The Boston Globe

Nearly half of US teens are online 'constantly,' Pew report finds

Nearly half of American teenagers say they are online "constantly" despite concerns about the effects of social media and smartphones on their mental health, according to a new report published Thursday by the Pew Research Center.

by: Business Today

Simplify Your Home Loan Journey with Piramal Finance Home Loan Eligibility Calculator

Using the Piramal Finance Home Loan Eligibility Calculator is as easy as 1-2-3. Here's what you need to do: Enter Your Monthly Income: Input your regular income to determine your repayment capacity. Provide Details of Existing Loan EMIs (if any): Mention any ongoing loans or financial commitments.

by: MSN

Bajaj Finance shares in focus as co bets big on AI to drive growth and cut costs

Bajaj Finance is implementing a five-year AI integration plan to boost customer engagement, revenue, and productivity while reducing costs. Managing director Rajeev Jain projects significant cost savings and improved conversion rates.

by: Yahoo Finance

Closing costs: A guide to how they work and how much you'll pay

Closing costs make up a huge chunk of your home-buying budget. Our guide breaks down each type of closing cost, how much you'll pay, and how to reduce these fees.

by: moneycontrol.com

UBS flags concerns over lenders; cuts targets on AU Small Finance Bank, Axis Bank, IndusInd Bank

UBS maintained a neutral call on IndusInd Bank, reducing its target price to Rs 1,150 per share from Rs 1,350. Similarly, it remained neutral on Axis Bank, but lowered its target to Rs 1,210 from Rs 1,250. AU Small Finance Bank also faced a target cut, with UBS revising it down to Rs 640 from Rs 750, while retaining its neutral rating.

by: AOL

MyPillow CEO Mike Lindell sues a merchant cash advance firm over a 'sham' loan that had a 409% interest rate

Lindell's company had to turn to a merchant cash advance provider, which are considered payday lenders for businesses.

by: Indiatimes

Sensex Today | Stock Market LIVE Updates: Sensex falls over 500 pts, Nifty tests 24,400; metal stocks under pressure

Stock Market LIVE Updates | Domestic markets witnessed pressure throughout the session on Thursday closing near day's low, while broader markets finally saw selling after a 14 day gaining streak. In today's trade,

by: NDTV

3 Indians Shine On Forbes' 2024 World's Most Powerful Women List

Forbes has unveiled its 21st annual list of The World's 100 Most Powerful Women, a ranking of influential figures from industries such as business, entertainment, politics, philanthropy and policymaking.

by: MSN

I used to track every penny I had in a spreadsheet, but my new strategy is much less tedious and just as effective

Tracking every penny in and out of your account may seem like shrewd money management, but sometimes doing all that work is not worth the trouble.

by: Yahoo Finance

Boeing blues: a mom-and-pop supplier feels the pain

STORY: Rosemary and Larry Brester don't immediately look like players in the big business of making jet planes. But their family run firm in the Seattle area has been supplying Boeing with metal parts for decades.

by: Business Today

Stock recommendations by analyst for December 13: Mazagon Dock, Torrent Power and Tourism Finance

Domestic benchmarks on Thursday settled lower, dragged by consumer, automobile, banks, financials and energy stocks.

by: Reuters

Italian railways to woo investors for high-speed network spin-off

Italy's state-owned railway Ferrovie dello Stato (FS) will spin off its high-speed network into a dedicated company, the group's chief executive said, paving the way for a later stake sale to outside investors.

by: Yahoo Finance

Wall Street struggles as Trump rings opening bell while FTSE closes muted

The bull was let loose for stocks in Trump's first term and during President Joe Biden's term. The S&P 500 rose 61% under Trump from inauguration day through Dec. 11. It has advanced 58% from Biden's inauguration day to Dec. 11.

by: MSN

December 13, 2024, Birthday Forecast: Gear up for a transformative year

Influenced by the number 6, individuals born on December 13th can anticipate a year of growth and exciting opportunities. Career advancements are likely, especially between January and March, with financial stability throughout the year.

by: Yahoo Finance

Stock market today: S&P 500, Nasdaq, Dow slide with rate cuts, sticky inflation in focus

Investors got the next piece of the inflation puzzle after the latest reading on consumer prices boosted bets on a December rate cut.

by: MSN

This financial change can help Americans buy a home and build wealth

Not having a bank account or relying on alternative financial services can impede your ability to build wealth. Over 5 million households — 4.2% of Americans — are unbanked, meaning they do not have access to a bank account.
  • Fri, December 13, 2024

by: businesslive.co.za

Nedbank CIB backs DRDGold with R2bn for mining expansion

Nedbank Corporate and Investment Banking (CIB) has committed up to R2bn in flexible financial solutions, comprising short- and long-term finance facilities, to support DRDGold Limited's ambitious capital investment programme over the coming years.

by: Mint

Bajaj Finance pivots to profitability with AI, scales back payments ambitions

The lender's revised five-year plan shifts focus from aggressive expansion to sustainable growth, leveraging AI to double assets while retreating from low-margin payments ventures.

by: The New Zealand Herald

Gloriavale CEO says court backing BNZ to close accounts won't be end of the community

Gloriavale is adamant it will continue to operate, even if BNZ closes its accounts. "It will not be the end of the community," Phil Jamieson, the chief executive of the trust behind the exclusive religious community,

by: moneycontrol.com

Should you use a personal loan to fund your business?

A personal loan can be a viable option for starting a small business, especially for new entrepreneurs without collateral or an established business history. Before opting for a personal loan, evaluate your repayment capacity, loan amount needs ...

by: Business Recorder

Sri Lanka says Adani port project to continue despite US charges

COLOMBO: Indian conglomerate Adani Group's port project in Sri Lanka will go ahead despite US charges against its founder and sudden changes to its financing, the island nation said Friday.

by: Indiatimes

Sensex Today | Stock Market LIVE Updates: Sensex falls over 550 pts, Nifty below 24,400; metal stocks under pressure

Stock Market LIVE Updates | Indian shares traded lower on Friday, weighed down by metal stocks due to a strong U.S. dollar and uncertainty surrounding stimulus measures from top consumer China.

by: China Briefing

China Expands Private Pension Scheme Nationwide Following Two-Year Pilot Program

After a two-year pilot program, China has officially expanded its private pension scheme nationwide. Starting December 15, 2024, workers covered by urban employee basic pension insurance or urban-rural resident basic pension insurance across the country can participate in this supplementary pension scheme.

by: Business Standard

Govt consistently increased capex for infra development: MoS Finance

The Modi government has consistently increased its expenditure towards infrastructure building over the last 5 years and aims to achieve the Rs 11.11 lakh crore capex target set for the current fiscal,

by: Daily Express

Santander, Barclays, TSB and Halifax cut home loan rates ahead of Stamp Duty crunch

Santander, Barclays, TSB and the Halifax are reducing rates on new deals after some others cut the cost of new home loans earlier this week

by: Independent.ie

Bank of Ireland's app and online banking down as Christmas shopping reaches fever pitch

Customers of Bank of Ireland have expressed huge frustration after Bank of Ireland's mobile phone app and its online banking facility went down.

by: Moneyweb

GCR downgrades Sasfin Bank outlook, highlights regulatory risks

The ratings agency cites concerns over strategic transitions and ongoing legal challenges impacting the bank's stability.

by: Delaware County Daily Times

Today in Delaware County history, Dec. 13

That's music to the ears of County Council Vice Chairman Wally Nunn, who's been trying to get Delaware County's powerful delegation in the state Legislature to abolish the property tax for years. 10 Years Ago,

by: bnnbloomberg

HSBC Sent Stenn Into Administration Over Fears About Client List

HSBC Holdings Plc triggered the shuttering of trade-finance firm Stenn Technologies after uncovering transactions that were supposed to be with key customers but were potentially bogus instead, people familiar with the matter said.

by: Forbes

Challenges And Opportunities Of Digital Transformation In US Law Firms

In this time of transformation, firms must adapt to remain competitive and deliver the best possible client experience.

by: Business Standard

No problem with Adani funding Colombo Port project: Sri Lankan minister

The Sri Lankan government wants to see the deep-water container terminal project at the Colombo port go ahead and has no issue with the Adani-led conglomerate using its own resources to fund it, ports minister Bimal Rathnayaka has said.

by: moneycontrol.com

Personal Finance: Why the angst against SIP is futile

Recently, there have been a couple of statements on social media calling the Systematic Investment Plans (SIP) a scam.

by: Business Standard

Life insurers adjust term premiums ahead of business end of financial year

While some companies are increasing rates, others are slashing them, and still others have made no change; GST changes on premium taxation may change outlook

by: Yahoo Finance

Meet the Supercharged Artificial Intelligence (AI) Growth Stock That Could Join Apple, Nvidia, and Microsoft in the $3 Trillion Club by 2027

One company leading the charge in AI research and implementation is Amazon (NASDAQ: AMZN). The company is well-positioned to reap the benefits of its foray into AI, which will ultimately help secure its membership in the $3 trillion club by 2027. Let's take a look at how AI will fuel its ascent.

by: Seeking Alpha

Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends

Top Dividend Kings for long-term investing in 2024, including high-yielders and top-gain potentials across various sectors. Click here for a detailed analysis.

by: Arabian Business

Global water solutions and services major Ecolab launches innovative modular manufacturing in Egypt

The containerized solution enables rapid deployment of local production capabilities, strengthening regional manufacturing capacity and supply chain infrastructure

by: Reuters

Exclusive: Aviva's India officials approved brokerage model queried by taxmen

An Aviva business model that Indian tax officials say was used to pay agents unlawful commissions from 2017 to 2023 was rolled out internally in 2013 and approved in writing by top India executives, a confidential company document shows.

by: The New York Times

What Is Venture Capital Now Anyway?

Benchmark and Andreessen Horowitz — embody a profound debate about the future of an industry that funds and fosters American innovation.

by: Arabian Business

Egypt's central bank advances digital payments with tokenisation and Apple Pay integration

The launch was coordinated with several banks, mobile payment application providers, and fintech companies to facilitate the integration of both international and local systems

by: Yahoo Finance

Ahead of Trump's inauguration, Trump Organization expands its global business

As Donald Trump prepares to return to the White House, his namesake company is expanding its global footprint. Trump's son Eric Trump, an executive vice president with the Trump Organization, on Wednesday formally announced that the family's real estate company is partnering with the Saudi Arabian real estate firm Dar Al Arkan to launch a Trump Tower in Jeddah,

by: Arabian Business

Major changes to UAE's VAT rules impact fund managers and virtual asset traders - All you need to know

Fund managers now have a VAT exemption for services provided independently to funds licensed by a competent authority in the UAE. Image: Shutterstock Major changes to the UAE's Value Added Tax (VAT) rules took effect on Nov. 15, with fund managers and ...

by: MSN

Taurus Daily Horoscope Today (April 20- May 20), December 13, 2024: Avoid falling prey to fraud!

Taurus Money Horoscope Today Keep a strong focus on the budget and work according to plans. Exercise patience in commercial endeavours. Business activities will show improvement. Taurus Career Horoscope Today A sense of partnership will increase in professional tasks.

by: MSN

Engineering and management studies: The crisis India is facing and a look at what can be done

One of the most important recent concerns has been the level and quality of employment, particularly among our educated youth. While we are the fastest growing large economy, we have struggled to find quality work for engineers and management students graduating even from our elite institutes.

by: MSN

UK economy in October suffers first back-to-back declines since 2020

Britain's economy shrank for a second month in a row in October in the run-up to the government's first budget, the first back-to-back falls in output since the onset of the COVID-19 pandemic and a setback for new finance minister Rachel Reeves.

by: MSN

ECB's Villeroy: more interest rate cuts to come in 2025

The European Central Bank is likely to further ease interest rates next year and is at ease with market projections for future rates, ECB policymaker and Bank of France head Francois Villeroy de Galhau said on Friday.

by: MSN

How SAP's (SAP) AI Integration is Changing the Mobile Business Experience

We recently compiled a list of the Top 10 AI Stocks on Latest News and Analyst Ratings. In this article, we are going to take a look at where SAP SE (NYSE:SAP) stands against the other AI stocks. Hugh Gimber,

by: MSN

Virgo Daily Horoscope Today (Aug 23- Sept 22) December 13, 2024: Increase politeness in speech!

Virgo Money Horoscope Today Improvements in work and business may pick up speed by evening. Refrain from unnecessary interference and show caution in transactions. Virgo Career Horoscope Today Plans will advance with wisdom.

Stock market today: S&P 500, Nasdaq, Dow slide with rate cuts, sticky inflation in focus

Investors got the next piece of the inflation puzzle after the latest reading on consumer prices boosted bets on a December rate cut.
The article from Yahoo Finance discusses the current state of the U.S. stock market, highlighting a decline in major indices like the S&P 500, Nasdaq, and Dow Jones Industrial Average. This downturn is attributed to concerns over persistent inflation and the Federal Reserve's potential response regarding interest rates. Investors are particularly focused on whether the Fed will cut rates soon, given the recent economic data suggesting inflation remains sticky. The market's reaction reflects uncertainty about future monetary policy, with some sectors like technology experiencing more significant drops due to their sensitivity to interest rate changes. Additionally, the article touches on broader economic indicators, including employment data and consumer spending, which are also influencing market sentiment.

Read the Full YAHOO!Finance Article at:
https://finance.yahoo.com/news/live/stock-market-today-sp-500-nasdaq-dow-slide-with-rate-cuts-sticky-inflation-in-focus-143027556.html

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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%.
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%.
The market's record year may have more room to run, with sentiment buoyed by recent outperformance and historical trends.
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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%.
Large, loosely-explained payments to a third-party intermediary hired to facilitate business in Africa did not raise "red flags" at Trafigura, its chief financial officer told a Swiss court trying the commodity trader for bribery on Thursday.
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Shares in Close Brothers rose 3.4% to 248p as a result, while Lloyds climbed 2.4%. The FTSE 100 finished 21.26 points, or 0.26%, higher to end the day at 8,301.62. The index also benefited from stronger trading in the US, as Wall Street was lifted by the latest CPI inflation figures.
The FTSE 100 and European markets opened lower on Tuesday in London, following a dip for US markets, as traders look to a key US consumer inflation print on Wednesday. UK chancellor Rachel Reeves pledged an "iron fist against waste" on Tuesday morning, saying government budgets will be asked to identify efficiency savings of 5%.

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Will Interest Rates Go Down In 2025?

After starting 2022 at just 0.1%, the official cash rate is now 3.1% and tipped to rise further. Since the Reserve Bank of Australia (RBA) began lifting the cash rate in May 2022, there have been eight interest rate rises last year,