• Wed, February 12, 2025

by: Newsroom

'Woke banks' row: Bank reveals $132m exposure to risky petrol stations

BNZ says it isn't completely banning lending to petrol stations, but maintains its rationale to limit exposure is commercial, not idealogical.

by: News24

SA will likely wait until 2026 to lower inflation target, investors and analysts say

South Africa will probably wait until next year to lower its inflation target, according to a Bloomberg survey of investors and analysts.

by: CNET

How to Track a Paper Tax Refund Check That's Coming in the Mail

Typically, a paper check will take three to eight weeks to arrive in your mailbox, but you can track exactly where your tax refund is and when you can expect to receive it with the USPS' tracking tool, Informed Delivery. The free service sends you alerts for all new mail and provides images of the front of envelopes.

by: Tuko

APHRC Advertises Field Interviewer Jobs for Form 4 Leavers with KCSE C+, Other Positions

The African Population and Health Research Center (APHRC) has announced job openings for field interviewers, inviting applications from Form 4 leavers with KCSE C+.

by: TradeWinds

Wallenius Wilhelmsen boasts 'unique' backlog with room to run as trade-choking tariffs loom

Wallenius Wilhelmsen shares spent 2024 on a roller coaster, opening the year at NOK 90.50 ($8.04) before peaking as high as NOK 138.80 and ending the year at NOK 93.50.

by: MyJoyOnline

UBA Ghana wins 3 awards from Global Business and Finance Magazine

UBA Ghana has been recognised with three top awards by the Global Business and Finance Magazine Awards. The Bank won Best Digital Bank Ghana 2025, Best ESG & Sustainability Bank Ghana 2025 and Bank of the Year - Corporate & Commercial Banking Ghana 2025

by: Diginomica

From AI to ROI via EX - Freshworks priorities for 2025 take shape as revenues rise, losses narrow in 2024

From AI to ROI via EX - Freshworks priorities for 2025 take shape as revenues rise, losses narrow in 2024 Employee Experience is being pitched as a growth sweet spot for Freshworks as the CRM vendor ends its 2024 fiscal year on a strong beat with revenues up and losses down.

by: WTNH

What does having the Consumer Financial Protection Bureau on hold mean for consumers?

The Consumer Financial Protection Bureau, which Congress established to monitor credit card companies, mortgage providers, debt collectors and other segments of the consumer

by: manilatimes

Ascendis Pharma Reports Fourth Quarter and Full Year 2024 Financial Results

COPENHAGEN, Denmark, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Ascendis Pharma A/S (Nasdaq: ASND) today announced financial results for the fourth quarter and full year ended December 31, 2024, and provided a business update.

by: WDSU

Inflation rises as consumer prices surge in January

January's Consumer Price Index shows a significant increase, with economists concerned about future price hikes.

by: Fortune

'We are a speck of dust': CEO of $80 billion DoorDash reveals candid take on popular delivery app's standing

DoorDash's CEO argues his company has plenty of room for growth in its core restaurant delivery business in addition to newer initiatives.

by: TechRepublic

Chase Business Checking Review: Is It Right for You?

Read our Chase Business Banking Review to discover the pros, cons, fees, and features of Chase's business checking accounts, and decide if it's right for you!

by: AOL

JPMorgan Chase reportedly to start rounds of layoffs

JPMorgan Chase has several rounds of layoffs coming this year, and some workers at the company have apparently started being told they will lose their jobs, according to Barron's.

by: AOL

Worried about a market bubble? Here are 4 tips to protect your portfolio now and in the future

Consider holding a portion of your portfolio in a highly liquid investment — like a money market fund — to be better positioned for future opportunities. Make sure you're taking care of the basics and consistently contributing to a workplace retirement plan like a 401 (k). Remember that slow and steady typically wins the investing race.

by: Forbes

The Life Insurance Industry Is Misbranded

Since its inception in the 1800s, the total value of U.S. life insurance has ballooned to over $21 trillion today. Life insurance grew quickly during its first 75 years, but growth slowed in the 20th century and flattened over the past decade.

by: Reuters

MGM shares surge after topping quarterly profit, revenue estimates

Casino operator MGM Resorts International beat fourth-quarter profit and revenue estimates on Wednesday, aided by strength from more bookings across its properties.

by: Reuters

JPMorgan Chase begins planned layoffs for 2025, source says

JPMorgan Chase started informing some employees of job cuts last week, a source familiar with the matter told Reuters on Wednesday, as it begins one of several planned reductions this year.

by: Forbes

How Payment Tech Can Help 5 Year-End Financial Pain Points

Here are five common pain points finance teams probably faced in closing out 2024—and how the right tools implemented today can make next year's close less stressful.

by: Reuters

Bank bosses expect US policy uncertainty to persist under Trump, but stay bullish on economy

U.S. bank executives said on Tuesday they expected policy uncertainty to linger as President Donald Trump's second administration takes shape, but remained optimistic on the economic outlook.

by: Reuters

India's central bank removes restrictions on Kotak Mahindra Bank onboarding customers online

India's central bank on Wednesday lifted restrictions on Kotak Mahindra Bank that had barred the lender from onboarding new customers through its online channels and issuing new credit cards.

by: Reuters

Republican senators call for $1,000 tax on new EV sales to pay for road repairs

A group of Senate Republicans on Wednesday proposed a $1,000 tax on new electric vehicle purchases to account for the cost of federal road repairs.

by: Reuters

Dutch bank ABN Amro fourth-quarter profit drops less than expected

Dutch lender ABN Amro beat fourth-quarter profit expectations on Wednesday, as resistant income from net interest and fees aided the results.

by: Reuters

BofA doubles banking team in Switzerland amid shifting regulatory landscape

Bank of America has doubled its banking team in Switzerland, seizing on a potential opportunity to gain market share as bigger Swiss rivals deal with tougher regulation.

by: MSN

Q2 Holdings (NYSE:QTWO) Exceeds Q4 Expectations, Stock Soars

Banking software provider Q2 (NYSE:QTWO) reported Q4 CY2024 results , with sales up 12.9% year on year to $183 million. Guidance for next quarter's revenue was better than expected at $186 million at the midpoint,

by: MSN

U.S. Tariffs on China Stir Concern Among Economists and Businesses

As the U.S. begins imposing additional tariffs on Chinese goods, local economies and businesses, including Baltimore Bicycle Works, are facing potential challenges. Worker-owner Bernardo V Hill expresses concern over the tariffs affecting imports critical to the U.

by: Reuters

Trump squeeze wins concessions - some real, others less so

U.S. President Donald Trump has thrust himself onto the world stage, issuing ultimatums to friend and foe alike and insisting they jump to the tune of American interests or else.

by: Reuters

Commerzbank plans job cuts, new targets to keep UniCredit away, sources say

Germany's Commerzbank is preparing staff cuts and revamped financial targets in its efforts to fend off tie-up advances by Italy's UniCredit , multiple people with direct knowledge of the plans told Reuters.

by: MSN

People Who Have Worked For Billionaires Are Sharing Their Stories, And I'm Convinced The.1% Live In A Different World Than We Do

"They loved to tell me to clean the toilet. When I protested, they said, 'What? You think you are too good to clean a toilet just because you have a college degree?' You know? I knew they were disrespecting me,

by: MSN

S&P 500, Dow, Nasdaq open down. Inflation unexpectedly accelerates, and it's not just eggs

US stocks fell at the open after January inflation unexpectedly heated up, likely keeping rates steady. Some economists say the easing cycle is over.

by: Reuters

JPMorgan sees investment banking fees rising by mid-teens percentage in first quarter

JPMorgan Chase's investment banking fees have grown by a mid-teens percentage so far in the first quarter as clients' economic optimism grows, Chief Operating Officer Jennifer Piepszak said on Tuesday.

by: Reuters

SoftBank's Son back to form with big bets and quarterly loss

Japan's SoftBank Group booked a surprise $2.4 billion quarterly loss on Wednesday, hit by a decline in the value of e-commerce platform Coupang and other tech companies held by its Vision Fund investment arm.

by: MSN

Dolphin Tungsten Mine Gets Tasmanian Government Support as Group 6 Restructures

Eric Abetz, Tasmania's minister for business, industry and resources, said on Monday (February 10) that the state's government has decided to support Group 6 Metals' (ASX:G6M) Dolphin tungsten mine. Under a debt-to-equity agreement,

by: MSN

"Really a 24/7 job": Shark Tank investor Lori Greiner talks about the challenges of being her own boss

Shark Tank investor Lori Greiner has been part of the ABC reality TV series where she has guided young entrepreneurs and new business owners.

by: MSN

Warren Buffett's Berkshire buys more Occidental after 30% sell-off from record high

The Omaha, Nebraska-based conglomerate scooped up 763,000 shares of the Houston-based oil and gas producer on Friday for $35.7 million, according to a filing.

by: MSN

New Income Tax Bill 2025 to propose no tweaking between old, new tax regimes every tax year; here's what it means for taxpayers

The proposed bill states upon choosing the new regime, taxpayers are unable to revert to the previous system in subsequent years unless specific criteria are breached. In this framework, taxpayers must forego some deductions and exemptions in return for a reduced tax rate under the New Tax Regime.

by: MSN

Intel stock has gotten an unexpected boost from JD Vance

Intel (INTC) stock rose nearly 3% in early trading Wednesday, extending gains from the prior day when Vice President JD Vance made bullish comments about domestic chip manufacturing. "To safeguard America's advantage,

by: MSN

Valentine's Day chocolate prices are soaring. Here's why

Chocolate lovers are facing a bittersweet Valentine's Day as climate change threatens the future of cocoa production, according to a new report. The traditional romantic gift may become a luxury as extreme weather events drive up cocoa prices and create uncertainty for farmers,

by: MSN

Linda McMahon invested in dozens of bonds funding public school projects across the US

President Trump's education secretary nominee invested in bonds that are helping to fund dozens of projects at public schools, such as new computers and renovated science labs.

by: MSN

Korea's economy, Japan's youth and Ireland

More Japanese youth are now working at Korean companies, restaurants, and clothing stores. While Japan's economy was once more than three times the size of Korea's in 2000, Korea has now surpassed it.

by: MSN

Gen Z Aussies warned over 'concerning' AI prediction: 'Knee-jerk reaction'

A "concerning" number of bosses have revealed their bleak perspective on the youngest workers and it's a worrying sign for Gen Z. The Hult International Business School found that 37 per cent of employers would rather hire artificial intelligence models over Gen Z graduates.

by: MSN

TPG Inc. (NASDAQ:TPG) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript February 11, 2025 TPG Inc. misses on earnings expectations. Reported EPS is $-0.06 EPS, expectations were $0.52. Operator: Good morning, and welcome to the TPG's fourth Quarter 2024 Earnings Conference Call.

by: MSN

Will the EU's plan to reduce red tape for businesses negatively impact workers?

Brussels wants to simplify and reduce the administrative burden for businesses in order to improve European competitiveness. View on euronews

by: MSN

Sunoco LP (NYSE:SUN) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript February 11, 2025 Sunoco LP misses on earnings expectations. Reported EPS is $0.75 EPS, expectations were $1.48. Operator: Greetings, and welcome to Sunoco LP's fourth quarter 2024 earnings call.

by: MSN

Cincinnati Financial Corporation (NASDAQ:CINF) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript February 11, 2025 Operator: Good morning, and welcome to the Cincinnati Financial Corporation Fourth Quarter and Full Year 2024 Earnings Conference Call. All participants will be in listen-only mode.

by: MSN

Compass Minerals International, Inc. (NYSE:CMP) Q1 2025 Earnings Call Transcript

Q1 2025 Earnings Call Transcript February 11, 2025 Operator: Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Compass Minerals First Quarter Fiscal 2025 Earnings Conference Call.

by: MSN

The latest merger & acquisition and fundraising news in Welsh business

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and content measurement, audience insights and product development. List of Partners (vendors)

by: MSN

Super Micro stock surges after outlining ambitious 2026 targets, assuring investors it will avoid delisting

Super Micro Computer (SMCI) stock climbed as much as 12% in premarket trading on Wednesday after the tech company announced a positive update on its plans to avoid being delisted by the Nasdaq and outlined an ambitious new revenue goal for 2026.

by: MSN

The market is looking very positively at DOGE and Elon Musk, says Wharton's Jeremy Siegel

Jeremy Siegel, professor emeritus of finance at University of Pennsylvania's Wharton School of Business and Wisdom Tree chief economist, joins 'Squawk Box' to discuss the latest market trends, state of the economy,

'Woke banks' row: Bank reveals $132m exposure to risky petrol stations

BNZ says it isn't completely banning lending to petrol stations, but maintains its rationale to limit exposure is commercial, not idealogical.
The article from Newsroom discusses BNZ's clarification regarding its exposure to petrol stations, prompted by New Zealand First's criticism of "woke banks" for allegedly discriminating against certain industries. BNZ stated that it does not have a policy against lending to petrol stations, but it does consider the environmental impact of its lending decisions. This comes in the context of a broader debate where NZ First leader Winston Peters has accused banks of being overly influenced by environmental, social, and governance (ESG) criteria, potentially at the expense of traditional sectors like fuel retail. The article also touches on the political implications, with Peters using this issue to appeal to voters concerned about banks' social agendas, while banks like BNZ emphasize their commitment to sustainable practices without explicitly excluding any sector.

Read the Full Newsroom Article at:
https://newsroom.co.nz/2025/02/11/bnz-clarifies-petrol-station-exposure-as-nz-first-takes-on-woke-banks/

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