Sun, December 15, 2024

by: bnnbloomberg

Australia Names Fry-McKibbin, Baker to RBA's Rate-Setting Board

McKibbin, who participated in the review of the central bank, and former Bendigo and Adelaide Bank CEO Marnie Baker to the Reserve Bank's new monetary policy committee.

by: The Globe and Mail

Freeland's fall economic statement to target affordability, U.S. competition amid scrutiny over spending

Freeland has said Monday's statement will also respond to Trump's pre-emptive threat of a 25-per-cent tariff on Canadian goods without action to strengthen the border

by: Sydney Morning Herald

Rates in the gun in the biggest shake-up at Reserve Bank in 64 years

Treasurer Jim Chalmers' overhaul of the Reserve Bank board is complete, with six people appointed to help run the bank and set interest rates.

by: moneycontrol.com

DAM Capital sets price band at Rs 269-283 per share: Listing timeline and IPO details

The IPO is an offer-for-sale (OFS) of up to 2.97 crore shares by existing shareholders and promoters. At the upper price band, the issue size is nearly Rs 840 crore, valuing the company at a market capitalization of around Rs 2,

by: CTV News

Canada Post, union make their case at labour board hearings

Canada Post says it and the union are taking part in hearings by the country's labour board on whether the two sides have reached an impasse.

by: The Globe and Mail

Ottawa intervenes in Canada Post strike, Bank of Canada delivers a cut and the 100 most livable cities: Business and investing stories for Dec. 15

Ottawa directed the Canadian Industrial Relations Board to order striking Canada Post workers back to their jobs, and to extend their existing collective agreement until May, 2025. Labour Minister Steve MacKinnon said a federal mediator appointed by the government during the strike informed him that negotiations were going in the wrong direction,

by: The New Zealand Herald

Former Blue Chip boss Mark Bryers jailed in Australia

Kiwi fraudster and former Blue Chip boss Mark Bryers has been jailed in Australia. Bryers, with construction boss George Alex, Lindsay Kirschberg, Pasquale Loccisano, and Gordon McAndrew were found guilty of conspiracy to cause loss and conspiring to deal in the proceeds of crime,

by: Couriermail

'Will see a rise': Warning as bosses continue to ignore Right to Disconnect legislation

Australia's new Right to Disconnect laws have been in place for months now, but it seems many employers still aren't getting it — and its something we will likely see causing big issues in 2025.

by: The Age

The $100k loan contract between Cats legend Joel Selwood and an accused fraudster

Loan documents reveal a man now under police investigation proposed to borrow $100,000 from Selwood, who would be repaid the principal and interest of $10,000 after eight months.

by: AOL

TKer: The price-to-earnings ratio is a very poor market-timing tool

This is on $275 earnings per share (EPS) for the year. "The quality of economic, business, consumer and job growth data from the start of the Fed's rate hike cycle in March of 2022 through the initial cuts to its benchmark interest rate in September and ...

by: Business Line

Public sector banks record net profit of ?85,520 crore in first half FY2024-25

by: The Financial Express

Pharma, FMCG, oil and gas lead hiring for AI/ML roles

Apart from sectors like automobile and banking and financial services, segments like pharma/biotech, FMCG, and oil and gas emerged as significant hirers for these profiles.

by: Forbes

Invest Like Private Equity In 2025 And Get Paid 12.3% Annually

Scott Bessent will advocate for financial deregulation and increased lending. This will be a boon for private equity (PE) firms and business development companies (BDCs).

by: Seattle Times

Backers of most U.S. mortgages have done little about climate risks

Fannie Mae and Freddie Mac know that floods and fires are a growing problem, but little action has yet been taken to mitigate future climate related financial risk.

by: USA Today

The Advocate's 20 Under 40 honorees focus on education to take advantage of opportunities

There are many questions about Licking County's future amid record growth, but one answer emerges from The Advocate's 20 Under 40 honorees: Education.

by: Detroit News

What will happen to Social Security under Trump's tax plan?

"Seniors should not pay tax on Social Security," President-elect Donald Trump said on social media during his campaign in July. Currently, some people who collect Social Security owe income tax on a portion of their benefits. Trump's plans to ...

by: The Straits Times

Temasek Trust chair Ho Ching, OCBC chief Helen Wong among 3 S'pore women in Forbes power list

Temasek Trust chair Ho Ching took 32nd place in the latest Forbes ranking of the world's most powerful women, while OCBC chief executive Helen Wong made her debut at 59th. The third Singaporean woman in the list is Ms Jenny Lee,

by: Daily Express

Urgent warning over poverty pensions after Chancellor pushes back reforms

The warning follows a decision by the Chancellor, Rachel Reeves, to push back a review and reforms of workplace pensions

by: Zee Business

Max Life joins Axis to become Axis Max Life Insurance: Upholding the promise of double trust

Max Life Insurance has officially rebranded as Axis Max Life Insurance Ltd. on 13th December 2024, after receiving all required approvals.

by: Business Standard

IIHL's takeover of Reliance Capital set to complete by January end

With the acquisition of Reliance Capital and its subsidiaries, IIHL—which holds a stake in IndusInd Bank and is also in the process of acquiring Invesco Asset Management and Invesco Trustee—is targeting a valuation of $50 billion by 2030.

by: Wales Online

These are the fastest-growing 50 firms in Wales

Wales Fast Growth 50 firms collectively increased their sales by £626m from 2021-23 and created 1,400 new jobs

by: Post and Courier

SC offers mortgage loans below 6%, increases down payment money for potential home buyers (copy)

South Carolina residents hoping to buy a home could now get up to $10,000 in down payment assistance that may not have to be repaid, and other help from the state's housing agency.

by: Detroit News

What's new for Medicare in 2025?

Although there are slightly fewer Medicare Advantage plans offered in 2025, there are more plans that have lower star ratings.

by: Reuters

South Korea vows to keep markets stable after Yoon's impeachment

South Korea's finance ministry vowed on Sunday to continue to swiftly deploy market stabilising measures as needed to support the economy after President Yoon Suk Yeol was impeached over his brief imposition of martial law.

by: Yahoo Finance

Are Rivian's EVs Becoming a Jekyll-and-Hyde Story? Here's What You Need to Know.

Recently, Consumer Reports released two studies that showed Rivian was a bit of Jekyll and Hyde, as it took the top rank on one and dead last on the other.

by: businesstech.co.za

Allan Gray festive season warning for South Africa

South Africans tend to become less vigilant during the festive season, making the life of fraudsters far easier when targeting unsuspecting victims. Personal information is valuable, but we are often required to disclose our details frequently to access our bank accounts and investments.

by: The Motley Fool

Better Bargain "Magnificent Seven" AI Buy for 2025: Meta Platforms vs. Alphabet

Leading the way were a handful of stocks known as "Magnificent Seven" -- a reference to the 1960 Western. These megacaps have strong track records of earnings growth over time, and they continue to innovate,

by: The Motley Fool

Is SoundHound AI Stock a Buy Now?

SoundHound also improved its customer concentration and now relies less on a handful of large customers for the majority of its revenue. Just 12% of sales are attributed to its large customers now, down from 72% last year. This is a healthier revenue mix and means SoundHound's business would be less affected by one or two large customers leaving.

by: Business Standard

Wayanad landslide: Union govt 'adding chilli' to wounds, says Kerala FM

Kerala Finance Minister K N Balagopal on Sunday criticised the union government for demanding payment for disaster relief and rescue operations conducted by the Indian Air Force (IAF) during Wayanad landslides.

by: Arabian Business

Riyadh Metro to open Red and Green lines from Sunday, December 15

The Royal Commission for Riyadh City (RCRC) announced the roll-out of two additional lines (Red: King Abdullah Road, and Green: King Abdulaziz Road) of the Riyadh Metro on December 15, 2024. Passengers have access to stations on the two lines from 6am to midnight. Thus, five out of the six metro lines are now operational.

by: The Daily Telegraph

Rayner sets businesses and unions on collision course over sick pay reforms

Angela Rayner's plan to reform sick pay will add billions to the cost of doing business, bosses have warned...

by: Business Times

South Korea's central bank vows to stabilise markets amid political turmoil

SOUTH Korea's central bank vowed to stabilise financial markets and highlighted the importance of "uninterrupted implementation" of key fiscal and economic measures, in its first statement since lawmakers voted to impeach President Yoon Suk-yeol.

by: MSN

Oil Fracking Could Help Save The Environment

Fracking, one of the major sources of oil in the US, is a dirty business. Fracking fluids create contaminants. The fracking process releases methane. The equipment used makes soot. Fragments from the process can harm birds.

by: MSN

Activists keep pressure on big banks despite $10b cut in fossil fuel lending

An analysis of banks' environmental, social and governance strategies comes as a deadline looms for businesses to provide climate transition plans to one bank or risk losing finance.

by: moneycontrol.com

Quick ways to secure instant personal loan approval

By maintaining a good credit score, preparing documents in advance, and choosing the right lender, you can significantly boost your chances of approval.

by: Yahoo Finance

Former Hockey Player Patrick Dovigi Makes A Quick $6 Million In 6 Months With Speedy Aspen Flip

Many former athletes go broke when they retire, but some, like Patrick Dovigi, become successful business owners and make a fortune in real estate as a side hustle. The former 90s NHL goalkeeper just pocketed a cool $6 million in six months with a

by: Business Insider

Mark Cuban says AI won't have much of an impact on jobs that require you to think

Mark Cuban told Business Insider that AI's impact on a company's workforce will be determined by how well the firm can implement the technology.
Sat, December 14, 2024

by: Goodreturns

1:2 Split: Tata's Auto Stock Just Rs 95 Away From 52-Week Low, Prices Hike Update; Buy For Rs 900-1100 TP

Tata Motors has announced a price hike for its commercial vehicles from January 2025. Additionally, the biggest development is Tata Motors demerger ratio of 1:2. That being said, is there a buying opportunity in this Tata stock?

by: Benzinga.com

TikTok Ban Signed Into Law: What It Means For America's $15 Billion Small Business Economy

TikTok will be banned in the United States on Jan. 19, 2025, after a federal appeals court rejected its bid to overturn the ban that President Biden signed in April. The law states that if TikTok's parent company, ByteDance, doesn't divest its ownership to non-Chinese companies, the app will be banned in the U.S.

by: business-live

Subsea firms call on Government to build confidence through industrial strategy

Industry body the Global Underwater Hub has voiced concerns that export opportunities could ultimately lead to domestic firms leaving the UK

by: Independent Online

Trustworthy: essential trust management steps for South Africans in 2025

Discover the critical steps South African trustees must take to ensure compliance with updated trust regulations and avoid penalties in 2025.

by: Couriermail

CCTV shows moment Woolworths worker is fly-kicked as warning is issued ahead of Christmas

Skyrocketing rates of assault against retail employees, particularly in the big supermarkets, has led the NSW government introduce tougher new penalties in anticipation of the chaotic Christmas and boxing day shopping seasons. The clips reveal a range of ...

by: AOL

Sixers injury woes worsen with Rookie of the Year candidate Jared McCain out indefinitely

Rookie guard Jared McCain, a top candidate for Rookie of the Year honors, sustained a lateral meniscus tear in his left knee on Friday and will require surgery that knocks him out indefinitely, the Sixers announced.

by: The Motley Fool

Could Buying SoFi Stock Today Set You Up for Life?

If you invest enough money in SoFi stock, it could be a strong element of a well-diversified portfolio and help set you up for life. I don't recommend putting all your eggs in one basket, but I do recommend buying SoFi stock and holding it for many years.

by: Wall Street Journal

The Week CEOs Bent the Knee to Trump

When Donald Trump arrived at the New York Stock Exchange this week for a postelection victory lap, dozens of influential executives lined up to catch a glimpse of the man who holds the future of their businesses in his hands.

by: Forbes

Fed Dollar 'Crisis' Warning Spurs Sudden $100,000 Bitcoin Price Surge

The influential billionaire investor Ray Dalio warned of a looming "debt crisis" which he expects will trigger a decline of U.S. dollar

by: Yahoo Finance

Stock market today: Wall Street ends mixed after a bumpy week

Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The benchmark index posted a loss for the week, its first after three straight weekly gains.

by: MSN

The rise and fall and rise again of Bitcoin

Now his re-election has sent the volatile price of Bitcoin sky-high. These days, he's known as 37244-510. Not quite as catchy as SBF, the three-letter acronym mentioned in hushed tones back when he was revered as the richest man in the crypto sphere.

South Korea vows to keep markets stable after Yoon's impeachment

South Korea's finance ministry vowed on Sunday to continue to swiftly deploy market stabilising measures as needed to support the economy after President Yoon Suk Yeol was impeached over his brief imposition of martial law.

The Bank of Korea (BOK) has pledged to maintain financial market stability in light of potential political turmoil following a possible impeachment of President Yoon Suk Yeol. This assurance comes after the opposition-controlled parliament initiated impeachment proceedings against Yoon, citing reasons such as his handling of a military incident and allegations of corruption. The BOK's statement aims to reassure investors and the public that it will take necessary measures to prevent any adverse economic impacts from the political uncertainty. The central bank emphasized its commitment to monitoring economic conditions closely and intervening if necessary to ensure market stability. This move is seen as an attempt to mitigate any potential negative effects on South Korea's financial markets, which could be exacerbated by the political instability.

Read the Full Reuters Article at:
https://www.reuters.com/markets/rates-bonds/bank-korea-vows-keep-markets-stable-yoon-impeachment-2024-12-15/