• Tue, December 17, 2024

by: Business Daily Africa

CIC General pays Sh700 million in flood and protests claims

CIC General Insurance paid claims of about Sh300 million following the widespread flooding that hit Kenya between March and June.

by: Outlookindia

The Driving Force Behind Data Modernization: Bridging Technology And Innovation

The advancements we see today result from efforts by experts who bring vision, precision, and ingenuity to the challenges of modernization. Through his work, Srinivasa is helping to set the stage for a future where technology continues to break boundaries,

by: Yahoo Finance

YYC DataCon 2025: Canada's Premier Data and AI Conference Returns Bigger Than Ever

Following a transformative year in 2024, the YYC Data Society is proud to announce YYC DataCon 2025, the ultimate gathering for data, AI, and innovation leaders. Set to take place from February 27th to March 1st at Calgary's BMO Centre,

by: Techzim

Cassava Technologies (Liquid's Parent) Secures US$310m in Funding and Reorganises

A few months ago we talked about Liquid Intelligent Technologies being in some financial bother. The company has some good news on that front. Liquid's

by: The New Zealand Herald

Inflation, OCR, and closures: a look at New Zealand's economy in 2024 - The Front Page

The economy has been uncertain for quite some time, and 2024 was no different. Over the last year, we've seen some improvement. In October, the annual rate for inflation had fallen from 3.3% to 2.2%.

by: Kiplinger

On the Naughty List: Holiday Tax Scams to Look Out For

The IRS says scammers are on the prowl for your financial information. Know the signs so you don't fall victim.

by: Business Today

Restrictions lifted: ECL Finance and Edelweiss ARC get RBI's green signal

The Reserve Bank of India (RBI) on Tuesday lifted its five-month-long restrictions on two Edelweiss Group entities—ECL Finance and Edelweiss Asset Reconstruction Company (ARC)—after the firms took corrective steps to align with regulatory norms.

by: News Tribune

Car buyers and credit: What auto financing means for credit scores

Experian provides an overview of credit scores among auto loan borrowers using a review of anonymized and aggregated consumer data as compared to those without auto loans.

by: Investopedia

Millennials vs. Gen Z: Who's Winning the Savings Game?

Both Millennials and Gen Zers are saving money, despite high costs of living and student loan debt. But, both generations have trouble saying no to impulse purchases. Here's how they compare.

by: MarketWatch

How do the rich give away their money? With a smart strategy.

Some wealthy individuals are moving hundreds of thousands of dollars out of their estates, either all at once or over time

by: WPBF

New laws to take effect in Florida on Jan. 1

Some of the notable laws that go into effect on New Year's Day are targeted towards minors and social media use along with protection of first responders.

by: Think Advisor

Draft Bill Attacks Wealthy Families' Private Placement Life Policies

With the Protecting Proper Life Insurance From Abuse Act, Senate Finance Committee Chairman Ron Wyden has proposed classifying private placement life insurance arrangements as ordinary investment funds.

by: AOL

Is the GM stock rally just beginning?

Bank of America's John Murphy stops by to discuss why it's good to be GM right now and for the foreseeable future. GM has secured the Yahoo Finance Surprise of the Year award.

by: Moneyweb

Understanding PE multiples: The sub-10 and over-20 clubs

The risks at the opposite ends of the market are simply not the same, with far more needing to go right for one 'club' than the other.

by: MSNBC

Meet Forbes Media's first female CEO in the company's 107-year history

Sherry Phillips is breaking barriers and making history. This month, Forbes Media announced that Phillips, the company's chief revenue officer, will be promoted to chief executive officer, becoming the first female CEO in Forbes' 107-year history.

by: inc42

Aye Finance Files DRHP For INR 1,450 Cr IPO

The IPO will include a fresh issue of equity shares worth INR 885 Cr and an offer-for-sale (OFS) amounting to INR 565 Cr

by: Finance & Commerce

Chaska advances Beckman Coulter expansion plans

Beckman Coulter, a provider of life diagnostics systems for the health care industry, wants to grow its already strong presence in the southwest metro area with a $50 million building expansion in Chaska,

by: Forbes

Traditional IRA Contribution Limits For 2024 & 2025

Wondering about the traditional IRA contribution limits? Learn about income eligibility and how to maximize your retirement savings with this guide.

by: MSN

Connecticut Port Authority announces new executive director

The announcement follows a recent audit report of the CPA, noting "several internal control deficiencies" and issues with documentation.

by: World Socialist Web Site

Canada's Liberal government implodes

Justin Trudeau's prime ministership and his Liberal government hang by a thread after his Finance Minister and Deputy Prime Minister, Chrystia Freeland, resigned from the cabinet Monday morning in a manner calculated to inflict maximum political damage.

by: moneycontrol.com

Why Aadhar Housing Finance is a sound long-term bet

The affordable housing finance (AHF) sector is in a sweet spot, given the high demand for small-ticket home loan (HL), low penetration, and government support. We feel that Aadhar Housing Finance (Aadhar; CMP: Rs 438; M Cap: Rs 18,872 crore; Overweight) is well poised to leverage sectoral tailwinds.

by: Mint

Enel India deal on the final stretch

Three investors have made a binding bid for Enel Group's renewable energy business in India, potentially valuing the wind and solar assets at over $500 million.

by: The Globe and Mail

Business leaders' take on Finance Minister LeBlanc: deep ties to Trudeau, no ties to finance

While LeBlanc has limited business experience, he has won praise from friends with roots in both politics and commerce

by: The New York Times

Bracing for a Fed Pullback

Wall Street sees the central bank cutting interest rates on Wednesday. But growing worries about inflation are adding to investor uncertainty about its policy agenda for 2025.

by: bnnbloomberg

Hong Kong Watchdog Searches Finance Firms' Offices in Listings Probe

Hong Kong's securities watchdog last month searched the offices of about a dozen finance firms and individuals as part of a probe of company listings on the Nasdaq Inc. exchange, according to people familiar with the matter.

by: India TV

PM Kisan Yojana: 19th installment date, eligibility, registration process and e-KYC details

Image Source : PTI/FILE PHOTO Farmers load freshly harvested sugarcane into a tractor trolley. The Pradhan Mantri Kisan Samman Nidhi Yojana (PM Kisan), jointly launched by the Government of India and the Ministry of Agriculture and Farmers Welfare ...

by: Seeking Alpha

MoneyLion Has An Unusual M&A Deal For You

MoneyLion's acquisition by Gen Digital for $1 billion offers a potential high-reward investment opportunity with strong revenue growth. See more on ML stock here.

by: MSN

Cancer Daily Horoscope Today (June 21 - July 22) December 18, 2024: Avoid neglecting loved ones!

Cancer Money Horoscope Today You will achieve desired results in all business matters. Economic and commercial opportunities will expand. Cancer Career Horoscope Today Professional connections will grow.

by: Reuters

Corporate America pledges donations for Trump's inauguration

Companies ranging from finance majors to Silicon Valley behemoths are pledging donations to Donald Trump's inaugural fund as business leaders rush to ensure a favorable relationship with the U.S. president-elect after his November election win.

by: cnbctv18

Top Stories | Sensex, Nifty at 2-week low, Trudeau's troubles, One Nation, One Election, and more

TV18's daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 PM.

by: Forbes

CFOs Are Paid More, But Have Less Job Security

Signet Jewelers CFO talks strategy to boost top line growth, rate cut is likely this week, SoftBank makes huge U.S. investment pledge.

by: bnnbloomberg

Gulf's Consumer Culture Lures Banks and Private Credit to Region

Governments in the Gulf have been fighting to bring investment onshore, as sovereign wealth funds invest vast sums of money abroad. It's been an uphill battle, but global lenders are taking notice of one niche area: consumer loans.

by: Yahoo Finance

LION ELECTRIC ANNOUNCES EXPIRY OF COVENANT RELIEF PERIOD AND DEFAULTS UNDER CERTAIN OF ITS SENIOR DEBT INSTRUMENTS

The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, announced today the expiry of the previously announced covenant relief period under its senior revolving credit agreement entered into with a syndicate of lenders represented by National Bank of Canada,

by: AOL

GM investors plug into electrified growth story amid uncertain road

General Motors has won Yahoo Finance's Surprise of the Year award. So what's next for the auto icon? GM CEO Mary Barra shares her latest vision.

by: Forbes

20 Effective Ways To Communicate Cap Table Details To Stakeholders And Investors

Avoid overloading everyone with unnecessary details—many software tools offer excessive features you won't need.

by: Yahoo Finance

Bernstein Names Nvidia and Broadcom Top Semiconductor Picks for 2025

Emphasizing their critical roles in advancing AI and GPU technologies, Bernstein has listed Nvidia ( NVDA, Financials) and Broadcom ( AVGO, Financials) as top semiconductor stocks for 2025.

by: MSN

Up 75% in a Year, Is It Time to Take Profits on SoFi Stock?

Millions of users continue to flock to digital banking platforms for the unmatched convenience and speed of financial services. SoFi Technologies, Inc. (SOFI), a leading fintech disruptor, offers a comprehensive suite of services - loans,

by: Reuters

NZ Commerce Commission cuts local companies' fees for Visa, Mastercard payments

New Zealand's Commerce Commission on Wednesday issued a draft decision to reduce the fees that local businesses pay to accept Visa and Mastercard payments.

by: Reuters

What options does PM Trudeau face in Canada's leadership crisis?

Canadian Liberal Prime Minister Justin Trudeau is under increasing pressure to quit after Finance Minister Chrystia Freeland resigned over a policy clash on Monday, setting up one of the worst crises of his nine years in power.

by: MSN

Leo Daily Horoscope Today (July 23- Aug 22) December 18, 2024: Relationships will remain harmonious!

Leo Money Horoscope Today Focus on expenses and investments. Planned expenditures will increase. Leo Career Horoscope Today Work will remain moderate. Increase preparation for your plans. Gains in career and business will remain average.

by: Forbes

Navigating Cloud Networking And The Cost Dilemma In The Age Of AI

As cloud adoption matures, so do its associated costs—driven significantly by the rise of artificial intelligence (AI) and the escalating energy demands of data centers.

by: MSN

WSJ Crossword December 18 2024 Answers (12/18/24)

Our WSJ Crossword December 18, 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: Reuters

Half US at high risk of power shortfall in next decade, regulator says

About half of the United States is at increased risk of power supply shortfalls in the next decade that could lead to outages and electricity conservation measures, the North American Electric Reliability Corporation said on Tuesday.

by: MSN

Former NFL player, AllianceBernstein vice president Winston Justice named SageSpring CEO

After eight seasons in the NFL and a decade in finance, Winston Justice will be Franklin-based wealth management firm SageSpring's new CEO.

by: Reuters

Barclays loses challenge to motor finance ruling as UK watchdog's redress scheme looms

Barclays on Tuesday lost its bid to overturn a key ruling on motor finance commission, in a case likely to affect a potential multibillion pound consumer redress scheme from Britain's finance watchdog.

by: MSN

KNSL Stock Rallies 49.9% YTD: A Signal for Investors to Hold Tight?

Shares of Kinsale Capital Group, Inc. KNSL have soared 49.9% year to date (YTD), outperforming the industry's 28.2% growth. The insurer also outperformed the Zacks S&P 500 composite and the Finance sector's return of 27.

by: MSN

FASAC to get six new members in January 2025

The Financial Accounting Foundation (FAF) has appointed six new members to the Financial Accounting Standards Advisory Council (FASAC), effective 1 January 2025. The FASAC plays a role in advising the Financial Accounting Standards Board (FASB) on various matters,

by: MSN

Quanex Building Products Corporation (NYSE:NX) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript December 13, 2024 Operator: Good day, and thank you for standing by. Welcome to the Fourth Quarter and Full Year 2024 Quanex Building Products Corporation Earnings Conference Call.

Gulf's Consumer Culture Lures Banks and Private Credit to Region

Governments in the Gulf have been fighting to bring investment onshore, as sovereign wealth funds invest vast sums of money abroad. It's been an uphill battle, but global lenders are taking notice of one niche area: consumer loans.
The article from BNN Bloomberg discusses how the Gulf region's burgeoning consumer culture is attracting banks and private credit firms. The region, particularly the United Arab Emirates and Saudi Arabia, is experiencing a surge in consumer spending, driven by a young, affluent population and government initiatives to diversify economies away from oil. This has led to increased demand for consumer loans, credit cards, and other financial products. Banks are expanding their retail banking operations, while private credit firms are stepping in to offer alternative financing solutions, especially as traditional bank lending becomes more regulated. The growth in sectors like retail, real estate, and tourism further fuels this trend, with financial institutions seeing the Gulf as a lucrative market for both consumer and commercial lending. However, this expansion also brings challenges such as managing credit risk in a region known for its economic volatility.

Read the Full bnnbloomberg Article at:
https://www.bnnbloomberg.ca/business/2024/12/17/gulfs-consumer-culture-lures-banks-and-private-credit-to-region/

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