• Fri, December 13, 2024

by: bnnbloomberg

Ghana Cocoa Buyers Sidelined as Exporters Fill Funding Gap

Ghana's cocoa regulator's growing dependence on top exporters to help finance bean purchases is leaving local buying companies marginalized and making the world's No. 2 grower and global markets increasingly reliant on big foreign players.

by: Tuko

HELB Tourism Fund: Kenyan Govt Launches Revolving Finance for Wildlife Students

Tourism Training revolving Fund, in collaboration with the Higher Education Loans Board (HELB), seek to encourage young Kenyans to take a career in tourism.

by: Kiplinger

Is Costco Stock Still a Buy After Earnings?

Costco stock is slightly higher after the warehouse club beat expectations for its fiscal first quarter. Here's what Wall Street has to say.

by: Fortune

Bud Light gets more bad news as popularity continues to fall

Beleaguered brand drops out of first place in draft beer sales.

by: MarketWatch

Fed's review of KeyCorp deal signals lighter touch on bank mergers by central bank

Analyst hails Fed's quicker-than-expected approval of an investment in KeyCorp by the Bank of Nova Scotia as a good sign for more dealmaking.

by: CoinDesk

Michael Novogratz's Galaxy Appoints Former Point72 Exec as CFO

Michael Novogratz's Galaxy Digital (GLXY) has hired former Point72 chief financial officer Anthony Paquette to serve in the same role at the crypto financial services firm. He will replace Alex Ioffe, who will transition into a senior adviser role, the company said in a statement on Friday.

by: Finance & Commerce

Wells Fargo Center sells at reportedly steep discount

The new owner of the Wells Fargo Center in downtown Minneapolis appears to have landed the iconic building at a fire sale price.

by: Business Insider

The deals 4 tech bankers think the 'AI arms race' could drive in 2025

How is Wall Street gearing up for the AI dealmaking gold rush? By focusing on infrastructure and data companies selling AI pickaxes and shovels.

by: The New York Times

The Fed Is Stuck Fighting the Last War

Mired in a battle to contain surging prices, the central bank also needs to be nimble enough for the economic downturns to come, our columnist says.

by: ZDNet

4 top personal finance apps for Linux that run on MacOS and Windows, too

Looking for a money app to get your finances in order for 2025? Here's why I recommend these open-source options.

by: Arabian Business

New tax in the UAE; Lottery warning; Crypto trading in Dubai; Kuwait halts e-visas; Saudi to host 2034 World Cup - 10 things you missed this week

Also making headlines this week were Saudi Arabia being awarded the 2034 FIFA World Cup, Kuwait halting e-visas, a massive new pedestrian network in Dubai and the top family businesses in the region were revealed. Catch up with the biggest stories this week, as selected by Arabian Business editors.

by: AOL

Investing in crypto: Pros and cons

Investing in crypto is something you really should take time to consider, including weighing the pros and cons. Here are some of the pros. Crypto, especially Bitcoin, is known for its rapid price moves, which have left many investors unfathomably wealthy.

by: Business Today

Insurance query: I want to know whether smoking and drinking are major clauses in a term insurance or not

My friend and I are in the process of considering term insurance, and a major point of concern for us is regarding smoking and drinking. Every broker has asked us whether we smoke or drink. One of us is a smoker who smokes almost daily, while the other ...

by: Yahoo Finance

1847 Holdings LLC Announces $11.42 Million Private Placement to Fund the Planned Acquisition of a Millwork, Cabinetry, and Door Manufacturer

NEW YORK, NY / ACCESSWIRE / December 13, 2024 /1847 Holdings LLC (NYSE American:EFSH) ("1847 Holdings" or the "Company"), a holding company specializing in identifying over-looked, deep value investment opportunities in middle market businesses,

by: MSN

Freedom Holding Corp brings FIDE world rapid & blitz chess championships to Wall Street

The worlds of finance and chess may seem very different. However, there are some surprising similarities between chess and business when it comes to strategic planning, decision-making and adapting to ever-changing circumstances.

by: Reuters

Exclusive: Yellen warns incoming Trump team against interfering with bank supervision

U.S. Treasury Secretary Janet Yellen on Friday urged the incoming Trump administration to refrain from interfering with what she called critically important appropriate regulation of American banks' capital levels,

by: Austin

Banks in deep water as President Biden rules against overdraft charges and fees

The Biden administration finalized a rule that will cap overdraft fees at $5 at the largest banks and credit unions.

by: Seeking Alpha

GenAI Breakthroughs And Bottlenecks

MediaTalk host Mike Reynolds and fellow S&P Global Market Intelligence reporter Iuri Struta discuss the future of technology and innovation, exploring

by: Diginomica

Can ERP standardization be a differentiator? PwC shares details of its global S/4HANA Public Cloud Edition rollout

SAP's has changed how it positions the S/4HANA Public Cloud Edition. But can it live up to the billing for performance and scale? What do the results look like? In this diginomica exclusive, we share what PwC has learned to date.

by: The Daily Signal

Entrepreneurs Look to Capitalize on Trump's Mandate

Entrepreneurs embraced the values of Trump's political movement and now they hope to capitalize on it for themselves and their investors.

by: The Globe and Mail

Freeland confirms Ottawa to develop $15-billion program to help pension funds invest in AI data centres

Finance Minister Chrystia Freeland confirmed Ottawa plans to develop a $15-billion program to generate up to $45-billion in investments from pension plans to build AI data centres, as first reported by The Globe and Mail. A daily look at the most important business stories that are making news and moving markets, written by Chris Wilson-Smith

by: Reuters

Shale drilling techniques could lead to a geothermal surge, IEA says

The shale drilling techniques that led to a boom in oil and gas output have also spurred the development of geothermal, which in theory could provide a stable source of power equal to the demand of India and the United States combined,

by: MSN

Adobe Inc. (NASDAQ:ADBE) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript December 11, 2024 Adobe Inc. beats earnings expectations. Reported EPS is $4.81, expectations were $4.66. Operator: Good day, and welcome to the Q4 and FY2024 Adobe earnings conference call.

by: Yahoo Finance

Why IonQ, Applovin, and BigBear.ai Dropped Like a Rock This Week

Shares of some of the market's hottest stocks took a big step back this week as investors reconsidered whether these stocks have run too far too fast in 2024. According to data provided by S&P Global Market Intelligence,

by: Arabian Business

Saudi Arabia and the UK set $38bn trade target, outline plans for investment, education, health and more

"The United Kingdom continues to be one of the largest foreign investors in Saudi Arabia. Building on the success of its landmark approx. $700m Shariah-compliant financing facility in Qiddiya earlier this year, UK Export Finance announced plans to increase its market exposure to $6bn.

by: The New York Times

Bank of America Flagged Suspicious Payments to Epstein Only After He Died

Senate staff members are urging that Bank of America be investigated for the way it reported payments to Jeffrey Epstein, the disgraced financier.

by: Business Insider

Sachem Capital Corp. Announces Chief Financial Officer Transition

by: AOL

Broadcom stock soars as company touts 'massive' AI opportunity

Broadcom stock soared Friday after the company touted its "massive" opportunity in the AI market during a quarterly earnings call the prior evening.

by: Seeking Alpha

Alibaba: Why 2025 Could Be The Year Of Redemption

Alibaba's stock could see a rebound in 2025 with China's stimulus plans. See why BABA stock is a strong buy, driven by Cloud growth and aggressive buybacks.

by: Kiplinger

RH Fell Short on Earnings But Its Stock Is Up. Here's Why

RH stock is one of the biggest percentage gainers Friday as the home improvement retailer's upbeat outlook offsets an earnings miss.

by: AOL

Will Nvidia Be a $5 Trillion Company in 2025?

Nvidia (NASDAQ: NVDA) has been one of the hottest stocks on Wall Street over the past two years and performed well enough that it's vying for the title of the world's largest company against Apple. Nvidia performed so well in years past that a rise to $5 trillion doesn't seem all that far away,

by: Reuters

Canada says it will respond robustly if US imposes tariffs

Ottawa and the provinces will respond robustly if the incoming U.S. administration goes ahead with a promise to impose tariffs on imports from Canada, Finance Minister Chrystia Freeland said on Friday.

by: MSN

Every MicroStrategy Investor Should Keep an Eye on This Number

Investing in MicroStrategy for Bitcoin exposure? Don't forget to monitor this crucial metric before joining chairman Michael Saylor's Bitcoin-buying spree.

by: MSN

Nordson Corporation (NASDAQ:NDSN) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript December 12, 2024 Operator: Thank you for standing by. And welcome to the Nordson Corporation Fourth Quarter Fiscal Year 2024 call. All lines have been placed on mute to prevent any background noise.

by: MSN

TSU taps new interim president to repair "divided" university

The Tennessee State University board selected one of its own to serve as interim president and lead the financially strapped institution through a period of intense economic upheaval. Why it matters: TSU,

by: MSN

Michigan Black Business Alliance Opens New Hub In Downtown Michigan To Support Entrepreneurs

The Michigan Black Business Alliance has opened a new hub to empower more entrepreneurs and drive economic equity. According to Crain's Detroit Business, the organization — which focuses on closing the racial wealth gap through access to capital,

by: MSN

How Global Business Leaders Can Build a Sustainable Supply Chain

Businesses can build sustainable supply chains by leveraging technology to reduce environmental impact, optimize resources and track emissions while balancing operational efficiency and sustainability goals.

by: MSN

Who are luxury real estate brokers Tal and Oren Alexander?

Brothers Tal and Oren Alexander were arrested this week on sex trafficking charges. So, who are the luxury real estate brokers who built fame from their business in Miami and New York?

by: MSN

Paid family leave proposal in Michigan: What it could mean for employees and businesses

Nick Price calls it a "huge benefit" to be able to offer up to 12 weeks of paid family and medical leave to his employees. The owner of the Main Street Bakery in Hopkins, Price is supportive of a proposal in Michigan for a paid family leave program.

by: MSN

Manufacturing business relocating in Muhlenberg County

Former US House Speaker Nancy Pelosi injured in Europe, admitted to hospital First-Of-Its-Kind Predator Caught 8,000 Meters Deep In The Atacama Trench Conan O'Brien's parents die three days apart after 66 years of marriage If you and your partner use any of these 5 phrases regularly, your relationship is stronger than most

by: MSN

Business 'pauses' EU and Northern Ireland sales

A Guernsey knitwear producer has halted selling hats and scarves to the European Union (EU) and Northern Ireland due to new EU rules which came into force on Friday, its bosses say. The EU's General Product Safety Regulation (GPSR) creates new requirements for Great Britain's businesses,

by: MSN

Internships in 2024: Stipends soar to Rs 1 lakh per month amid record growth

Internship Report reveals a 25% growth in internship opportunities, alongside a notable increase in stipends. The average stipend has risen to Rs 8,000 per month, with some internships offering up to Rs 1 lakh.

by: MSN

Dwayne Tucker: What to know about Tennessee State University's new interim president

Dwayne Tucker has served as the CEO of LEAD Public Schools since 2018, along with holding a seat on the TSU board since April.

by: MSN

Iberdrola to sell UK smart metering business to raise $1.27bn

Spanish utility Iberdrola is exploring the sale of its smart metering business in the UK, with the aim of raising £1bn ($1.27bn). The move comes amidst growing investor interest in the smart metering sector,

by: MSN

From Chili's to burger chains, here are the restaurant industry winners and losers in 2024

Chili's, Taco Bell and the casual-dining segment were some of the big winners in the restaurant industry this year.

by: MSN

'Travesty of justice': Reaction pours in after Biden commutes Rita Crundwell's sentence

President Biden announced the largest single-day act of clemency in modern history on Thursday. He is commuting the sentences of approximately 1,500 Americans and granting pardons to 39 individuals convicted of non-violent crimes.

by: MSN

Outside the syllabus, Hindi's growing in Tamil Nadu. More takers than in other southern states

Chennai: Tamil Nadu's relationship with Hindi has always been fraught. So, when Union Finance Minister Nirmala Sitharaman recounted how Tamil Nadu didn't allow her to learn Hindi during her school days,

by: MSN

Opposition charges NDP has 'conveniently' withheld financial results, sparking fears that B.C. deficit has skyrocketed

Opposition MLAs say the NDP are 12 days late and counting in filing their quarterly financial outlook. The delay is fuelling speculation over the reason — is it simple administrative delay or is it hiding a deficit ballooning higher than the $8.

Ghana Cocoa Buyers Sidelined as Exporters Fill Funding Gap

Ghana's cocoa regulator's growing dependence on top exporters to help finance bean purchases is leaving local buying companies marginalized and making the world's No. 2 grower and global markets increasingly reliant on big foreign players.
The article from BNN Bloomberg discusses the current situation in Ghana's cocoa market, where local buyers are being sidelined due to a funding gap. Ghana, one of the world's leading cocoa producers, is experiencing a significant shortfall in cocoa supply due to various factors including adverse weather conditions and diseases affecting cocoa trees. As a result, international cocoa exporters have stepped in to fill the funding gap by providing financial support directly to cocoa farmers, bypassing local buyers. This shift has led to a situation where these exporters are now directly purchasing cocoa at the farm gate, which has marginalized local traders and intermediaries. The article highlights the economic implications for local businesses, the potential long-term effects on the cocoa supply chain, and the government's efforts to address the funding issues to stabilize the market.

Read the Full bnnbloomberg Article at:
https://www.bnnbloomberg.ca/investing/commodities/2024/12/13/ghana-cocoa-buyers-sidelined-as-exporters-fill-funding-gap/

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