Wed, February 19, 2025

by: Forbes

Financial Technology Trends And Vertical AI Technology

By infusing domain-specific knowledge into a standard AI framework, we can create responses that are finely tuned to specific industries or processes. This refined AI approach is referred to as "vertical AI," which provides a concentrated understanding of the complexities inherent in financial operations, resulting in more informed decision-making.

by: sanews

Budget speech postponed

In an unprecedented moment for the South African Parliament and the country, National Assembly Speaker Thoko Didiza announced this afternoon, that the tabling of the Budget Speech for 2025/26 has been postponed to a later date.

by: Forbes

AI Bridges The Trust Gap: How Explainable AI Aligns Modelers And Business Leaders

• Collaboration is deepened. Regular cross-functional dialogue creates a feedback loop that continuously refines both AI models and business strategies. • Innovation is fostered. With clear insights into model behavior, AI becomes a collaborative partner in driving growth and innovation.

by: Reuters

Exclusive: Vanguard pauses corporate meetings over new ESG guidance

Top mutual fund manager Vanguard has paused meetings with portfolio companies while it reviews the impact of new guidance on investor activism from the U.S. Securities and Exchange Commission, according to people familiar with the matter.

by: manilatimes

Enlight Renewable Energy Reports Fourth Quarter and Full Year 2024 Financial Results

Enlight Renewable Energy Ltd. (NASDAQ: ENLT, TASE: ENLT) today reported financial results for the fourth quarter and full year ending December 31, 2024. The Company's earnings conference call and webcast will be held today at 8:00 AM ET.

by: Zawya

Al Masraf and Finneva sign agreement to boost UAE SME growth

Al Masraf (The Arab Bank for Investment and Foreign Trade) has signed an agreement with Finneva Information Technologies LLC (Finneva) to introduce innovative Supply Chain Finance solutions for Small & Medium Enterprises (SMEs) in the UAE.

by: MSN

Reserve Bank cuts OCR by 50 basis points to 3.75%

The 50 basis-point cut sends the OCR to a two-year-low of 3.75%

by: Forbes

Best Business Checking Accounts Of February 2025

Commissions do not affect our editors' opinions or evaluations. One of the most important decisions small business owners face is choosing the right business banking relationship. For many ...

by: AOL

Why Trump economic advisers are more focused on Wall Street than the Fed

National Economic Council director Kevin Hassett hopes to bring down borrowing costs via 10-year Treasury yields, echoing the stance of Treasury Secretary Scott Bessent.

by: Zawya

ECI highlights its role in empowering exports and supporting non-oil GDP

During the event, which was held on February 18 and 19, 2025 at Jumeirah Emirates Towers in Dubai, ECI exhibited its advanced credit services at a dedicated pavilion and launched various initiatives designed to support the country's manufacturers and exporters.

by: MSN

Edmonds School District faces estimated $8.5 million deficit

The shortfall is lower than previous years, but the effects are "cumulative," Superintendent Rebecca Miner said.

by: Reuters

Devon Energy beats fourth-quarter profit estimate on higher production

Oil and gas firm Devon Energy beat analysts' estimate for fourth-quarter profit on Tuesday, as higher production helped counter the impact from lower prices.

by: Mint

Samsung Galaxy S25 Ultra: What's new and what stands out

Available for ₹3,612 per month, the Samsung Galaxy S25 Ultra is designed for professionals needing efficiency and security in a high-performance smartphone.

by: MSN

Budget 2025 | Parties, unions warn against tax hikes

Unions and political parties are warning against tax increases when Finance Minister Enoch Godongwana presents the budget.

by: Reuters

HSBC to sell Bahrain retail banking operations as restructuring progresses

HSBC on Tuesday agreed to sell its retail banking operations in Bahrain to Bank of Bahrain and Kuwait (BBK) amid a global restructuring at the bank.
Tue, February 18, 2025

by: Variety

Angel City FC Names Carmen Bona President of Business Operations, Promotes Julie Uhrman to CEO

NWSL club Angel City FC has hired Carmen Bona as its president of business operations and promoted Julie Uhrman to CEO ahead of the 2025 season.

by: Yahoo

"We were prepared, but not ready;" Small business owners recovering from flooding

by: Mint

Quality Power IPO Day 3 Highlights: Issue booked 1.29x. Check GMP, key dates, review, subscription status

Quality Power Electrical Equipments IPO price band is set at ₹401 to ₹425 per share. Subscription kicked off on February 14 and closes on February 18. Quality Power operates in the domain of energy transition technology and electrical solutions.

by: Fortune

Southwest to cut 15% of corporate jobs in first-ever layoffs

The layoffs challenge Southwest's philosophy that happy employees would lead to happy customers, profitability and happy Southwest shareholders.

by: Indiatimes

India Live News Updates: India, Qatar agree to enhance cooperation in information and intelligence sharing

India, Qatar agreed to enhance cooperation in information and intelligence sharing; developing, exchanging best practices

by: Kiplinger

Why You May Owe More Tax Soon on Popular Employee Benefits

The proposal is estimated to save $50 billion in spending over 10 years. Kate is a CPA with experience in audit and technology. As a Tax Writer at Kiplinger, Kate believes that tax and finance news should meet people where they are today, across cultural, educational, and disciplinary backgrounds.

by: ABC

Judge approves emergency plan to keep Britain's largest water company afloat

A judge has approved an emergency plan to keep Britain's largest water company afloat and averted a possible temporary government takeover

by: Nairametrics

Klak Unveils Cash Management Platform for SMBs in Nigeria and Kenya

Klak, a leading B2B SaaS provider, has officially launched its innovative cash flow management and finance automation platform designed to

by: Forbes

Banks Are Gaining Access To A Growing Amount Of Data: Here's How To Use It

As banks gain access to new data and realize opportunities to analyze this data at scale, they can use the resulting insights to deliver on consumers' growing demands.

by: bnnbloomberg

Colombia Suffered a Low Growth 2024 as Energy Sector Lagged

Colombia suffered another year of weak economic growth as the oil, gas and coal sectors contracted while tight monetary policy held back manufacturing.

by: Forbes

Gold Is Booming: It's Time To Invest Like It's WWIII

Gold is for War. That is why governments stack it - gold is for bullets, tanks and ships when the chips are down. So, it is not a happy moment to watch gold go vertical.

by: News24

News24 invites you to unpack the Budget with Godongwana and Kieswetter

News24 writer-at-large Carol Paton will unpack the Budget with Finance Minister Enoch Godongwana, SA Revenue Service Commissioner Edward Kieswetter, and Standard Bank chief economist Goolam Ballim.

by: MoneyWeek

Saba seven becomes four: what now for UK investment trusts?

Having been defeated by seven UK investment trusts' shareholders, Saba's new approach poses the question of what investment trusts mean to retail investors

by: Edie

TNFD launches upskilling platform to help corporates master nature disclosure

The Taskforce on Nature-related Financial Disclosures (TNFD) has introduced new online platforms to help organisations and individuals build capacity and knowledge on nature and business risks and opportunities.

by: Kiplinger

Why 'Standard' Digital Background Checks Can Be So Unreliable

Missing online data, as well as stringent federal and state privacy rules, make it difficult to discover a prospective employee's or tenant's criminal past.

by: Zawya

Mamo and Paymentology join forces to drive financial inclusion for SMEs across UAE

Mamo partners with Paymentology to work towards closing the financial inclusion gap for SMEs, providing them with virtual Visa prepaid cards linked to Mamo's single platform. The solution empowers businesses to efficiently manage payments, expenses, and financial operations in a streamlined manner

by: MSN

Fortis Inc. (NYSE:FTS) Q4 2024 Earnings Call Transcript

Q4 2024 Earnings Call Transcript February 14, 2025 Fortis Inc. beats earnings expectations. Reported EPS is $0.583, expectations were $0.57. Operator: Thank you for standing by. This is Betsy, the conference operator.

by: Oneindia

India To Cut Import Duties Amid US Tariff Concerns, Says Finance Minister Sitharaman

A 15 per cent to 20 per cent average increase in tariffs could reduce India's exports to the US by 3-3.5 per cent

by: WFMJ

Lariccia School of Accounting and Finance at YSU set as site for VITA Program

The VITA Program began on February 7 and will continue every Friday until April 11. Appointments must be made to participate in the VITA Program as no walk-ins are accepted.

by: Reuters

Mexican tequila makers fret as US tariffs threaten their business

With the threat of a 25% U.S. import tax hanging over them, Mexican tequila manufacturers are anxious that businesses they've spent years building will have the rug pulled out from under them.

by: MSN

LIVE UPDATES: Singapore Budget 2025

PM Wong says the 2025 Budget advances ForwardSG plans. Singapore Business Review is tracking developments from Singapore's 2025 budget statement live as they are announced by Prime Minister and Minister for Finance Lawrence Wong.

by: MSN

Why do some Americans feel franchising is a 'great business model' to consider?

The Claman Countdown' panelists Anthony Pompliano and Alex Smereczniak unpack the benefits of the franchise business model.

by: Reuters

Indian benchmarks end flat as Reliance, HDFC offset weakness in earnings, trade worries

India's benchmark indexes settled flat on Monday after eight sessions of declines, as gains in heavyweights HDFC Bank and Reliance Industries offset weakness due to muted corporate earnings and global trade uncertainty.
Mon, February 17, 2025

by: Reuters

Complaints targeting BYD flood Chinese consumer portal after smart EV launch

Complaints about BYD , over its move to offer free smart driving features across most of its line-up have flooded a prominent Chinese auto quality platform, many from customers who said they had overpaid for their cars.

by: cnbctv18

How India's financial services industry is shaping up in the next decade: An Infosys Finacle perspective

As India's digital public infrastructure evolves rapidly, it is poised to maintain its leadership in digital financial services growth for the next decade, writes Infosys Finacle's chief business officer and global head Sajit Vijayakumar.

by: Forbes

Blockchain Rewiring TradFi: A Trillion-Dollar Shift

Wall Street's financial infrastructure is transforming as blockchain moves beyond pilots. Major banks are integrating solutions as the market heads toward $49.2B by 2030.

by: Couriermail

'Step up and do their job': Finance expert Mark Bouris reveals interest rates call

One of Australia's biggest finance experts has revealed why high interest rates will do nothing to help a crushing Aussie problem. Everybody assumes that the only way to kill inflation is high interest rates. A lot of the inflation in the economy can be solved by common sense policy.

by: TechRepublic

The Big Power of Small AI in 2025

In this TechRepublic exclusive, an IBM VP explains how small language models are a boon for companies of all sizes, enabling them to overcome resource and budget constraints to tap into the business value of AI.

by: manilatimes

Spectrotel Announces Key Executive Appointments: Welcomes New Chief Financial Officer and Chief Technology Officer

Spectrotel, Inc., a trusted provider of managed network solutions and comprehensive services, today announced strategic executive appointments, naming Sanjay Patel as Chief Technology Officer (CTO) and Adam Siskind as Chief Financial Officer (CFO),

by: Forbes

What Are CFOs Saying About Climate Action Amid Geopolitical Uncertainty?

A new survey of 500 CFOs reveals that businesses are doubling down on sustainability despite economic uncertainty, proving that green investments are here to stay.

by: CNET

I Hate Accounting Software. Here's How I Manage My Freelance and Business Taxes Instead

The No. 1 rule of bookkeeping without using accounting software is to have separate accounts for your business and personal funds. This keeps you organized and makes it simple to keep personal and business transactions separate. Business expenses come out of your business bank account and business income flows into it.

by: MSN

Pressure on BP to merge with Shell and create a British oil giant

The aim is to bring the two oil giants together so they can compete with international rivals such as France's TotalEnergies and US giants ExxonMobil and Chevron.

by: MSN

LightPath Technologies, Inc. (NASDAQ:LPTH) Q2 2025 Earnings Call Transcript

Q2 2025 Earnings Call Transcript February 14, 2025 Operator: Good afternoon, ladies and gentlemen. Thank you for standing by. Welcome to LightPath Technologies Second Quarter Fiscal 2025 Earnings Conference Call.

HSBC to sell Bahrain retail banking unit to Bank of Bahrain and Kuwait

HSBC said on Tuesday it has agreed to sell its retail banking operations in Bahrain amid a wider restructuring at the bank.

HSBC has agreed to sell its retail banking business in Bahrain to Bank of Bahrain and Kuwait (BBK) as part of its strategy to streamline operations and focus on core markets. The deal includes HSBC's personal banking, wealth management, and small business banking operations, but excludes its wholesale banking business. The transaction, which is subject to regulatory approval, is expected to be completed by the end of 2024. This move follows HSBC's broader strategy to divest from less profitable regions to concentrate on Asia, where it sees significant growth potential. BBK, on the other hand, aims to expand its market share in Bahrain through this acquisition.

Read the Full Reuters Article at:
https://www.reuters.com/business/finance/hsbc-sell-bahrain-retail-banking-unit-bank-bahrain-kuwait-2025-02-18/