• Wed, February 19, 2025

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: 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: 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: News24

LIVE | Budget postponed to 12 March following Cabinet clash over VAT hike to 17%

The government is scrambling for extra revenue to keep a lid on South Africa's growing debt burden while continuing to fund the machinery of state amid rising healthcare and social services costs and a public sector wage hike.

by: LionhearTV

Igloo kicks off 2025 with multi-market partnership wins and Chief Distribution Officer appointment

Leading regional insurtech Igloo enters 2025 with a strong push, launching new partnerships, introducing new products with existing partners across the region, and appointing a Chief Distribution Officer to grow its embedded insurance and sales intermediaries business lines.

by: CNBC

Here's what happens if Fannie Mae and Freddie Mac go private

The U.S. government may soon return Fannie Mae and Freddie Mac to private markets less than two decades after turmoil nearly toppled the mortgage industry.

by: Bloomberg

South Africa Budget Under Added Scrutiny Given Trump Aid Tensions

South Africa's finance minister is under pressure to chart an economic course that navigates the hazards unleashed by Donald Trump's trade war.

by: legit

How 28 states received $68 million from FG to implement business reforms, details emerge

As part of plans to improve the ease of doing business in the country, the Federal Government of Nigeria has given 28 states a total of $68 million.

by: Fortune

Not just Alibaba's Jack Ma: Who's who at the summit seen as a 'symbolic' end to China's crackdown on tech

Huawei's Ren Zhengfei, BYD's Wang Chuanfu, and Xiaomi's Lei Jun were among the leading tech executives that met Xi Jinping on Monday.

by: MiBolsilloColombia

How to create a payment plan if you requested a loan to open your business

Navigating the complexities of business loan repayment requires a strategic approach. Understanding the nuances between personal and commercial loans, accurately projecting financials, and prioritizing payments are crucial steps.

by: Fortune

Tax season 2025 scorecard: Americans are waiting longer to file and are receiving bigger refunds

The IRS's update on the progress of tax season this year so far shows that average tax refund amounts are up 18.6% versus the same time last year, total filings down slightly to date.

by: ConsumerAffairs

What is a mortgage banker?

A mortgage banker is an individual or financial institution that directly originates and funds mortgage loans, guiding borrowers through the process of securing a home loan. The mortgage banker either works for a bank or some other financial company and makes money through the fees they charge to set up the mortgage.

by: AOL

Automated invoice processing: A guide to simplifying AP

Ramp explains how with the right automation tools, businesses can streamline accounts payable processes, from invoice capture to payment processing.

by: Kiplinger

7 of Warren Buffett's Biggest Misses

Warren Buffett's investing wins are highly regarded across Wall Street, but no one can bat a thousand. Here are some of Buffett's biggest misses.

by: CNBC

5 tax scams in 2025 and how to avoid them

These scams usually come via email with catchy subject lines like "Unclaimed Refund" or "Tax Refund Payment," often with a fake version of the IRS logo. Typically, you're asked to click a link and provide your Social Security number, birthday, address and driver's license to "claim" your refund.

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: Kiplinger

Why Toll Brothers Stock Is Falling After Earnings

Toll Brothers stock is lower Wednesday after the homebuilder missed expectations for its first quarter. Here's what you need to know.

by: AOL

Gas prices are headed higher, and a 'ripple effect' could make it worse in certain regions

According to one forecast, prices at the pump could jump by as much as $0.60 a gallon between now and mid-April.

by: Forbes

Web3: The Next Digital Frontier

With a predicted market value of $5.5 billion by 2030, Web3 represents a decentralized, transparent and user-empowered digital ecosystem poised to revolutionize industries, economies and the way we engage with technology.

by: ConsumerAffairs

What is tax avoidance vs. tax evasion?

The main difference between tax avoidance and tax evasion is that tax evasion is illegal, while tax avoidance is perfectly legal.

by: Reuters

South African budget delay over VAT hike shows cracks in coalition

Mtambo CAPE TOWN (Reuters) - South Africa's national budget was postponed on Wednesday because the two biggest parties in the ruling coalition disagreed over raising value-added tax, an unprecedented delay that caused the rand and government bonds to fall.

by: AOL

Bausch and Lomb's dealmaking CEO Brent Saunders: No deal for company is imminent

After completing $300 billion in healthcare deals over several decades, there is one deal Bausch and Lomb ( BLCO) chairman and CEO Brent Saunders won't be making in 2025. The one for his contact lens maker with a history dating back to the 1800s.

by: Kiplinger

Legislation Cracking Down on IRS Tax Refund Mail Theft Advances

A string of bipartisan measures targeting taxpayer refunds, rights, and protections move forward on Capitol Hill.

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: 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: 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: Reuters

Will Western companies return to Russia as Trump warms up to Putin?

As Moscow and Washington discuss how to end the war in Ukraine, one of the many questions on investors' minds is whether the corporate exodus from Russia in opposition to the February 2022 invasion of its neighbour may be reversed.

by: MSN

Where does the CFO path lead? New data shows 34% became president or CEO in 2024, up from 20% the prior year

The modern CFO role continues to expand, making them desired candidates for broader positions. And companies around the world are tapping into their talents. Russell Reynolds Associates, a leadership advisory firm,

by: MSN

Budget speech cancellation will delay policies, impact markets

Parties under South Africa's government of national unity (GNU) disagreed on the looming tax increases, with the DA saying it was opposed to an increase in Value Added Tax.

by: Reuters

Pershing Square proposes $900 million deal to increase Howard Hughes stake

Billionaire investor Bill Ackman's Pershing Square Capital Management said on Tuesday it would buy 10 million newly issued shares of Howard Hughes Holdings for $900 million as it revised its proposal to the real estate developer.

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: Reuters

Goldman Sachs names insiders Connolly and Voris joint heads of Americas ECM unit, memo says

Goldman Sachs has appointed insiders William Connolly and Michael Voris as co-heads of Equity Capital Markets (ECM) in the Americas, according to a memo seen by Reuters on Wednesday.

by: MSN

Why the budget speech was postponed according to the Democratic Alliance

The Minister of Finance Enoch Godongwana announced that the first Government of National Unity's budget speech was postponed to 12 March. SA weighed in.

by: Reuters

HSBC delays net-zero emissions target by 20 years

HSBC is ditching its target of reaching net-zero carbon emissions across its business by 2030 because of slow change in the economy, the bank said on Wednesday, compounding fears from campaigners that the world's biggest lenders are rowing back on climate pledges.

by: MSN

6 Trends To Watch As Fintech Shapes SMB Finances In The GCC

The pace of technological innovation continues to accelerate. For small- and medium-sized businesses (SMBs) in the region, the fintech landscape is evolving rapidly, presenting transformative opportun

by: MSN

Tony Robbins' top 9 tips for investing success

Below are some of Robbins' most valuable tips for navigating the financial waters, including what to look for when hiring a financial advisor. 9 tips from Tony Robbins on buildi

by: Reuters

Etsy misses holiday-quarter sales estimates, shares fall

Etsy missed Wall Street estimates for holiday-quarter revenue and gross merchandise sales, hurt by weak spending on gifts and handcrafted goods, sending shares of the online marketplace down 8% in premarket trading on Wednesday.

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: MSN

Timeline: Trump's first 30 days bring remarkable change for crypto

It has been one month since US President Donald Trump was sworn into office and began making sweeping and controversial changes, many of which directly affect the cryptocurrency industry. Just 30 days into his presidency,

by: MSN

More than 170 countries to participate in AIM Congress 2025 in Abu Dhabi next April

More than 170 countries have confirmed their participation in the AIM Congress 2025 International Exhibition, taking place as part of the congress's fourteenth edition at the Abu Dhabi National Exhibition Centre from 7th to 9th April.

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: MSN

Budget 2025 | Urgent calls for support measures for SMEs from Godongwana

Ahead of the 2025 Budget Speech, an expert urges Finance Minister Enoch Godongwana to implement measures to support South Africa's SMEs.

by: MSN

S&P Futures Muted After Fresh Tariff Threats, FOMC Minutes and U.S. Housing Data Awaited

S&P 500 E-Mini futures (ESH25) are trending down -0.07% this morning as investors digested U.S. President Donald Trump's latest tariff threats. President Trump said on Tuesday that he would likely impose tariffs of approximately 25% on automobile,

by: MSN

Centage announces Paul Lynch as new CEO to lead next phase of growth

Centage, a leader in modern FP&A software, has announced the appointment of Paul Lynch as its new Chief Executive Officer. Lynch brings extensive experience in scaling B2B SaaS businesses and a clear vision for Centage's role in transforming financial planning and analysis for mid-market companies.

by: MSN

Experts examine AI's impact on Thailand's financial services sector

by: MSN

Tongaat Hulett wins crucial court battle for business recovery

The Durban High Court has dismissed RGS Group's attempt to halt Tongaat Hulett's business rescue implementation, paving the way for Vision Group's R8. 2 billion recovery plan. The ruling marks a signi

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: 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.

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.
Devon Energy reported a fourth-quarter profit that exceeded Wall Street expectations, primarily due to a significant increase in oil and gas production. The company's adjusted profit was $1.41 per share, surpassing the average analyst estimate of $1.39 per share. This performance was driven by a 10% rise in total production, reaching 664,000 oil-equivalent barrels per day, with oil production specifically increasing by 11% to 320,000 barrels per day. Despite lower oil and gas prices, Devon managed to keep its capital expenditure steady at $984 million for the quarter. The company also announced a 10% increase in its fixed quarterly dividend to 22 cents per share and a variable dividend of 13 cents per share, reflecting its commitment to returning capital to shareholders amidst a volatile energy market.

Read the Full Reuters Article at:
https://www.reuters.com/business/energy/devon-energy-beats-fourth-quarter-profit-estimate-higher-production-2025-02-18/

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