• Thu, January 30, 2025

by: Couriermail

Millers and Noni B close as last of Mosaic Brands shuts down

Almost 3000 employees of a string of iconic Australian fashion labels will lose their job after the pin was pulled on the final retailers in the collapsed Mosaic Brands stable.

by: NDTV

Experts On How Budget Can Empower Businesses And Consumers

Giving an overview of the retail sector, Mr Parekh said that it has witnessed robust growth, and is projected to rise from $779 billion in 2019 to $1.8 trillion by 2030.

by: Oneindia

Union Budget 2025: Petrol And Diesel To Come Under GST?

Petrol and diesel are exempt from the Goods and Services Tax (GST) and are instead subject to a mixture of Value Added Tax (VAT), central excise duty, and central sales tax, which are imposed at varying rates by individual states.

by: cnbctv18

Budget 2025 Expectations LIVE: Key figures to track for India's economic trajectory

Finance Minister Nirmala Sitharaman is set to present the Union Budget on February 1, 2025, which plays a crucial role in shaping India's economic future. The Budget serves as a strategic tool for resource allocation,

by: decrypt

Elastos Secures $20M Investment from Rollman Capital to Unlock Trillions in Bitcoin Finance

The $20M investment from Rollman will drive the advancement of Elastos technologies and also help Elastos reorient its branding, mature its technological stance, and go to market. This includes enhancing marketing efforts, which will further position Elastos as a leader in the growing Bitcoin-native DeFi space.

by: AOL

6 ways for seniors and retirees to save on homeowners insurance

The average cost of a homeowners policy has risen more than 30% since 2020. Despite rising costs, you can still find ways to save, especially for seniors. See money-saving tips to save you money on yo

by: Investopedia

S&P 500 Gains and Losses Today: UPS Stock Drops as Shipper Trims Amazon Deliveries

The S&P 500 added 0.4% on Thursday, Jan. 30, as a report showed consumer spending continued to buoy economic growth.

by: Reuters

Congo losses expose limit of South Africa's diplomatic ambitions

South Africa often uses its diplomatic heft to position itself as defender of the "global south" on the world stage, but the deaths of 13 of its soldiers in eastern Congo fighting have exposed an inability to project hard power in its own backyard.

by: Forbes

Cyber Threats: Protecting Your Business And People Through Culture Change

All companies, but particularly financial service companies, are increasingly vulnerable to sophisticated cyber threats. We all recognize the critical importance of staying ahead of these threats and keeping vigilant.

by: MSN

Leo Daily Horoscope Today (July 23- Aug 22) January 31, 2025: Your health and personality will gain strength!

Leo Money Horoscope Today You may make valuable purchases. Pay attention to your expenses. Financial matters will be influential. Leo Career Horoscope Today In career and business, you will work with a sense of unity.

by: Newsroom

Finance boss steps out of the fire - into the Health NZ pan

Analysis: Bevan McKenzie resigned under duress from Fletcher Building; now he takes the job of another chief finance officer who was forced out.

by: Forbes

Top 5 Sustainable Income Streams: Earn While Helping The Planet

Discover five lucrative sustainable business ideas that help the planet and boost your income! From eco-fashion to renewable energy, explore the future of green profits.

by: Reuters

Marsh McLennan beats profit estimates on risk and insurance business strength

Insurance brokerage and consulting firm Marsh McLennan's fourth-quarter profit beat Wall Street estimates on Thursday, powered by record growth in its risk and insurance business.

by: MSN

Top Cryptos to Invest in This Week: Qubetics Sells Over 452M Tokens, Binance Nears $1,000, and SEI Gears Up for a Rebound

Discover this week's top crypto picks! Qubetics presale soars past 452M tokens, Binance approaches $1,000, and SEI signals a breakout. Don't miss these market movers!

by: cnbctv18

RBI files application for insolvency proceedings against Aviom India Housing Finance

On Monday, the RBI superseded the board of Aviom India Housing Finance owing to governance concerns and defaults in meeting various payment obligations.

by: Oneindia

Union Budget 2025: Will Stock Markets Remain Open On Feb 1? Know Whether You Can Do Trading On Saturday

While the stock markets work from Monday to Friday, this Saturday it functions like a normal day in view of budget 2025, which will be presented by Finance Minister Nirmala Sitharaman.

by: cnbctv18

Digital payments rise 11% on year in September 2024: RBI data

DPI, introduced in March 2018, tracks the extent of digital payment adoption, using March 2018 as the base year set at 100.

by: Reuters

Blackstone's profit surges as dealmaking rebounds, execs signal CRE recovery

Blackstone beat estimates for fourth-quarter profit on Thursday, driven by a pickup in dealmaking, while executives at the world's largest alternative asset manager signaled that the troubled commercial real estate sector was stabilizing.

by: Forbes

At-Will Government Jobs? The Dangerous Shift In Federal Employment

Project 2025 threatens federal job security, shifting civil service roles to at-will employment. Explore its impact on workers, businesses, private sector and democracy.

by: MSN

Major trucking company files Chapter 11 bankruptcy

About 88,000 trucking companies and 8,000 freight brokerage companies went out of business in 2023, according to Freight Caviar. 💸💰 Don't miss the move: Subscribe to TheStreet's free daily newsletter 💰💸 The trucking business did not improve much in 2024 as data from the Federal Motor Carriers Association shows that the industry had a net loss of about 10,

by: Reuters

German tax revenue rose more than expected in 2024, finance ministry says

Germany's federal and state government tax revenue rose 3.8% in 2024 from the previous year despite the economy contracting, the finance ministry said in its monthly report on Thursday.

by: Forbes

Why Sustainability Is Critical For Business Success In 2025 (and The Data To Prove It)

In the context of concurrent geopolitical, climate, and policy challenges, the business case for sustainability is clear and compelling.

by: MSN

Who got to work remotely in 2024 and who didn't, according to data

To better understand how access to a remote schedule varies by a worker's ability, job type, and demographics, accessiBe analyzed Bureau of Labor Statistics data.

by: Forbes

SuperOps Raises $25 Million For Expansion Into New Markets

US start-up SuperOps has picked up $55 million of funding over its first five years and is now looking to move beyond the MSP market to serve IT departments directly

by: MSN

Trump Media expands into fintech, launching Truth.Fi brand

This story incorporates reporting from Business Insider, Yahoo Finance, Finbold | Finance in Bold and Bloomberg L.P..Trump Media & Technology Group (TMTG) has announced its entry into the financial technology sector with the launch of a new brand,

by: Reuters

India's central bank files bankruptcy application against Aviom India Housing Finance

India's central bank on Thursday said it has filed an application with a company tribunal to initiate bankruptcy proceedings against Aviom India Housing Finance.

by: Forbes

10 Technology And Business Trends That May Revolutionize Finance In 2025

I recommend corporate executives, startup founders and investors understand each trend and how to capitalize on it to attract more customers and grow their businesses.

by: Reuters

Dutch lender Volksbank fined for inadequate risk management

Dutch state-owned lender de Volksbank on Thursday said it had been fined 20 million euros ($20.83 million) by the Dutch central bank for inadequate risk management and failure to prevent money laundering.

by: MSN

EU Commission aims to simplify its way to future growth

The European Commission has presented its new economic strategy for the coming years. Simplification features prominently in a package of proposals that is sorely lacking in novelty. View on euronews

by: Reuters

Bank of England readies rate cut and could hint at more to come

The Bank of England looks likely to cut interest rates next week, when it could also nudge investors to expect faster reductions than they currently predict as the economy flatlines.

by: MSN

Planes and trains are great, but Reeves must fix financial infrastructure too

New rail projects and reservoirs are welcome, but if Rachel Reeves really wants Britain to be a better place to do business, she must modernise the City too, says Chris Elms In her speech yesterday ,

by: Reuters

Finland's Nordea Bank Q4 posts operating earnings slightly above estimates

Finnish lender Nordea Bank reported fourth-quarter operating earnings slightly above estimates on Thursday and said the Nordic mortgage and corporate lending markets remained slow amid declining interest rates and an improving housing market.

by: Reuters

Deutsche Bank posts weaker-than-expected profit and ditches 2025 cost target

Deutsche Bank on Thursday posted a bigger-than-expected drop in fourth quarter and 2024 full-year profit as legal provisions and restructuring costs eroded revenue gains at its global investment banking division.
  • Fri, January 31, 2025

by: fintechmagazine

This Week's Top 5 Stories in the Fintech Industry

FinTech Magazine rounds up this week's top stories, from Bitcoin's endorsement at Davos to Visa's African fintech partnership with Moniepoint

by: NDTV

Budget 2025: What Is Standard Deduction And How It Benefits Taxpayers

With the Union Budget 2025 set to be presented on February 1, Finance Minister Nirmala Sitharaman faces mounting expectations for tax relief as inflation rises and disposable income shrinks.

by: Oneindia

Economic Survey 2024-25: From Grains To Fisheries, India's Agriculture Achieves Strong Growth

India's agriculture sector has shown strong resilience and consistent growth, even in the face of challenges, according to the Economic Survey 2024-25 presented by Finance Minister Nirmala Sitharaman.

by: Techopedia

Perplexity's Sonar: New API for AI Search Explained

Learn more about the new Perplexity Sonar API to build your own generative search tools powered by real-time, web-wide research and not limited by training data.

by: Kiplinger

The Outlook for Home and Auto Insurance in 2025

Home and auto insurance premiums may not increase as much as in recent years, but the industry remains under pressure.

by: Kiplinger

Three Key Questions for Small-Business Owners in 2025

Ensure that bills are paid on time. This is equally important for outflows and revenue collection. Having a solid grasp on accounts receivable and accounts payable will set up your business for success. People are always at the heart of every business; staying on top of bills will improve relationships with vendors, employees and clients.

by: Indiatimes

Economic Survey 2025 Live Updates, Union Budget: Economic Survey highlights 8% growth needed for 'Viksit Bharat' by 2047

Live: FM Nirmala Sitharaman tables Economic Survey, the pandemic's impact has been fully absorbed, as reflected in GDP expenditure components. Government expenditure has decreased from 10.8% in FY18 to 10.

by: Forbes

In Crypto We Trust: What The Trump Administration Means For Crypto

Last week's Executive Order on digital financial technology cut a decisive path and set the course for U.S. crypto policy to be put into law. For many, it offers trust.

by: Indiatimes

Economic Survey 2025 Live Updates: PM Modi invokes goddess Lakshmi for poor and middle class ahead of Budget session

Live: Finance Minister Nirmala Sitharaman will table the Economic Survey 2025 in Parliament today at the start of the Budget ses

by: MSN

'I have a new lease on life': I sold my business for $130,000. It's the first time I'm not living paycheck to paycheck. What should I do with this money?

I'm in my early 40s, and I have worked myself into a sad state of health with the stress of running my own business for 15 years. In April, I pulled off the Band-Aid and sold my shares for about $130,

by: Reuters

UK regulator seeks to simplify bond rules to boost UK investment

Britain's financial watchdog said on Friday it is seeking to simplify corporate bond prospectuses to boost investment opportunities for investors in the UK and reduce costs and barriers for companies raising capital.

by: MSN

The FBI says crypto fraud cost Americans $5.6 billion a year. Here's how you can stay safe

From phishing texts to 'pig butchering' romance scams, cryptocurrency fraud is on the rise. Here's how to spot scams before it's too late.

by: MSN

Yoma James Kukor: The Entrepreneur Redefining Success in Finance and Business

In a world where financial literacy and entrepreneurship are becoming vital skills, Yoma James Kukor is a name that stands out. Based in the United Kingdom, Yoma is an accomplished entrepreneur, investor,

by: Reuters

US economy resilient despite moderation in growth in fourth quarter

U.S. economic growth slowed in the fourth quarter as a strike at Boeing depressed business investment in equipment, but consumer spending increased at its fastest pace in nearly two years, underscoring strong domestic demand that probably keeps the Federal Reserve on a slow interest rate cut path this year.

by: Reuters

French budget talks on right path, Finance Minister says

French Finance Minister Eric Lombard said on Friday that talks on getting the 2025 budget passed through parliament were "on the right track", although some compromises may still be needed.

Deutsche Bank posts weaker-than-expected profit and ditches 2025 cost target

Deutsche Bank on Thursday posted a bigger-than-expected drop in fourth quarter and 2024 full-year profit as legal provisions and restructuring costs eroded revenue gains at its global investment banking division.
Deutsche Bank reported a weaker-than-expected profit for the fourth quarter of 2024, with a significant drop in investment banking revenue due to a slowdown in deal-making activities. The bank's net profit was 1.26 billion euros, falling short of the 1.33 billion euros anticipated by analysts. This performance led Deutsche Bank to abandon its 2025 cost target of 17 billion euros, citing inflation and investments in technology as reasons for the increased costs. Despite the profit miss, the bank's shares rose by 3.5% in early trading, buoyed by a 10% increase in full-year net profit to 4.2 billion euros. Additionally, the bank announced a share buyback program of 1.6 billion euros and a 50% increase in its dividend to 0.45 euros per share, signaling confidence in its future financial stability.

Read the Full Reuters Article at:
https://www.reuters.com/business/finance/deutsche-bank-posts-weaker-than-expected-profit-ditches-2025-cost-target-2025-01-30/

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