Global Finance

OCTOBER 7, 2024

VOL. 38 NO. 9 At Global Finance , generating the report cards for central bank governors has always been a complex and thorough project. Scoring more than 100 governors from very different economies and with such different mandates for their central banks is a complex task. However, our commitment to applying similar analytical criteria for all ensures that our analysis is comprehensive and reliable, carrying important implications for the global economy.

Economics 52

Economics Banking Finance 52

CFO Dive

OCTOBER 7, 2024

AI aids CFOs' top goals, with 1 in 3 finance firms using it for automation and forecasting.

Investments 279

Investments Forecasting Finance 279

Barry Ritholtz

OCTOBER 7, 2024

@TBPInvictus here: If you’re not aware of the brouhaha that was stirred about a year or so ago when CA Gov Gavin Newsom signed into law (taking effect April 1, 2024) a new $20 minimum wage for so-called “limited service” (a/k/a fast food or QSR) restaurant workers, read up here , here , or here. In a nutshell, the usual suspects’ heads exploded well before the legislation even took effect, claiming it would lead to widespread devastation in the fast food space: job losses

Profit and Loss 116

Profit and Loss Forecasting Economics Numbers 116

CFO Dive

OCTOBER 7, 2024

Setting executive compensation has become more complex for companies considering an IPO because of regulatory, legal and other factors, Alvarez & Marsal said.

CFO 276

CFO 276

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

Leverage

Global Finance

OCTOBER 7, 2024

OpenAI continues to attract tons of venture capital, its accumulated take reportedly hovering at $6.5 billion most recently. And a valuation that now exceeds $150 billion might appear to give the Microsoft and Softbank-backed startup an insurmountable advantage in the generative artificial intelligence (GenAI) space. But emerging players like Paris-based Mistral AI and Tokyo-based Sakana AI are gaining ground, says entrepreneur Ilya Kulyatin, who founded Tokyo AI, a community of over 1,000 AI pr

Valuation 114

Valuation Startups Technology Finance 114

Bank of the West

OCTOBER 7, 2024

BMO employees are driving progress toward a more sustainable and resilient future through the BMO Climate Institute Fellowship program BMO’s Climate Ambition compels us to be our clients’ lead partner… Read more The post BMO’s Climate Fellows help advance our Climate Ambition appeared first on About BMO.

104

104

Global Finance

OCTOBER 7, 2024

Kenya’s President William Ruto has been adamant about the need to boost the productivity of state-owned enterprises (SOEs) that he says are “trapped in bureaucracy.” Last year, his government hurriedly pushed through a vastly criticized privatization law aimed at sidestepping Parliament in the sale of at least 35 entities. Now, a High Court decision declaring the 2023 Privatization Act unconstitutional has stopped the sales.

Restructuring 102

Restructuring Budgeting Finance Sales 102

Nerd's Eye View

OCTOBER 7, 2024

Welcome to the October 2024 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that digital estate planning platform Wealth.com has raised a whopping $30 million in Series A funding, following on the heels of Vanilla's follow-on $20M capital round just a few months ago – which

B2B 97

B2B Planning Tax Planning Technology 97

Global Finance

OCTOBER 7, 2024

In a global first, the Norwegian Road Federation (OFV) said last month that electric vehicles (EVs) now outnumber gas-powered models in the country. Out of 2.8 million private cars currently registered, 754,303 are fully electric, surpassing the 753,905 running on petrol. The news came on the heels of another record; EV sales in Norway took a 94% market share in August.

Transportation 97

Transportation Manufacturing Technology Finance 97

Advertisement

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

Compliance

Tips Watch

OCTOBER 7, 2024

But there is danger of an ‘outlier’ decision by the Treasury. By David Enna, Tipswatch.com It’s already Oct. 7 and we are closing in on Treasury’s November reset of the fixed and variable rates for U.S. Series I Savings Bonds.

Forecasting 78

Forecasting Treasury Investments 78

Global Finance

OCTOBER 7, 2024

Since December 2023, Anna Tanganelli has served as Chief Financial Officer of Iveco, the commercial vehicles business that was spun off from CNH industrial in 2021. Tanganelli started her career at UBS, then moved to Fiat Chrysler Automobiles (FCA), where she held various roles, primarily in Business Development and M&A. In 2019, she was appointed CFO and Head of M&A for Magneti Marelli and CFO for the EMEA region within the broader Marelli Group.

CFO 92

CFO Data Analysis Finance Risk Management 92

Reval

OCTOBER 7, 2024

LONDON – 08 October 2024: ION, a global leader in trading and workflow. The post Instantia partners with ION FX for trade execution and risk management appeared first on ION.

Risk Management 59

Risk Management 59

Global Finance

OCTOBER 7, 2024

Apollo Global Management has expressed interest in buying Intel; industry heavyweight Qualcomm was earlier reported to be considering a takeover of the Santa Clara, California-based semiconductor behemoth. Benchmark tech analyst Cody Acree argues that a private equity firm like Apollo is a better fit for struggling Intel. “Who benefits from Intel’s resurgence other than a core investor?

Math 76

Math Benchmarking Manufacturing Finance 76

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

CFO

Barry Ritholtz

OCTOBER 7, 2024

My back from vacay morning reads: • Pandemic Start-Ups Are Thriving, and Helping to Fuel the Economy : A record surge in new businesses has helped drive job growth, and could have longer-term benefits. ( New York Times ) • Fidelity: Twitter is worth 80% less than 2 years ago when Elon Musk bought it. That’s according to estimates from investment giant Fidelity: As of the end of August, the firm is worth just $8 billion, according to a Sunday filing by Fidelity’s Blue Chip Growth Fund.

Healthcare 59

Healthcare Marketing Investments Numbers 59

Global Finance

OCTOBER 7, 2024

Flutter, the Dublin-based parent of FanDuel, bought Italian gambling service Snaitech last month for $2.6 billion, hard on the heels of its purchase of a majority stake in NSX Group, one of Brazil’s biggest gambling operators. The sports betting giant spent roughly $3 billion in total; both acquisitions are expected to close in the second quarter of 2025.

Mergers and Acquisitions (M&A) 72

Mergers and Acquisitions (M&A) Entertainment Finance Investments 72

Future CFO

OCTOBER 7, 2024

The Malaysian e-commerce market is expected to grow at a compound annual growth rate (CAGR) of 8.5% between 2024 and 2028 to reach MYR67.1 billion ($14.7 billion) in 2028, according to data and analytics company GlobalData. According to GlobalData's E-Comerce Analytics, the anticipated spike is driven by the ongoing shift in consumer preference from offline to online shopping.

Marketing 52

Marketing Accounting Banking Securities 52

Global Finance

OCTOBER 7, 2024

India last month extended the fiscally precarious Maldives a $50 million interest-free loan, helping stave off a potential default on $500 million in Sukuk bonds. The loan will support coupon payments due this month. The bonds, issued in 2021, were subscribed by countries including Egypt, Pakistan, South Africa and the UK. Sukuk bonds comply with Islamic law , offering investors a way to generate returns without violating the prohibition on interest.

Foreign Exchange 64

Foreign Exchange Currencies Treasury Finance 64

Advertiser: Paycor

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

Bank of the West

OCTOBER 7, 2024

Big progress requires bold thinking, and the next generation of changemakers are at the forefront of that thinking, driving new ideas forward that will change the future for the better… Read more The post From One Young World delegates to emboldened ambassadors of change: Wrapping up the 2024 One Young World Summit appeared first on About BMO.

Finance 52

Finance 52

Global Finance

OCTOBER 7, 2024

True to his reputation as a consummate dealmaker, Unicredit CEO Andrea Orcel is orchestrating one of the largest cross-border bank mergers ever in Europe. Last month, Unicredit swiftly and dramatically raked up a more than 20% stake in Germany’s second-largest listed lender, Commerzbank. Should the takeover go through, it would create one of the largest lenders worldwide, reshaping the banking sector in Europe.

Mergers and Acquisitions (M&A) 52

Mergers and Acquisitions (M&A) Prioritization Banking Finance 52

CFO News

OCTOBER 7, 2024

The securitisation volumes of standard assets in India reached Rs 60,000 crore in the July-September period in FY25, a growth of 36 per cent on quarterly basis and 31 per cent on year-over-year basis, according to a report on Monday.

52

52

Global Finance

OCTOBER 7, 2024

After four years in command at Nike, CEO John Donahoe is handing over the helm to Elliott Hill, a 60-year-old executive who has spent more than half his life at the footwear empire. Hill joined Nike in 1988 as an intern and was heading commercial and marketing operations for Nike and the Jordan brand when he retired after 32 years in early 2020, just as Donahoe’s tenure started.

Leadership 52

Leadership Forecasting Sales Finance 52

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

Investments

CFO News

OCTOBER 7, 2024

India Inc saw 551 deals worth $19 billion in the July-September period, clocking highest quarterly deal volumes in two years, a report showed on Monday.

52

52

Global Finance

OCTOBER 7, 2024

In a massive political upset, a neo-Marxist political outsider won September’s presidential election in Sri Lanka. The victory of Anura Kumara—widely known by his initials, AKD—and his People’s Liberation Front (JVP) represents a complete defeat for the country’s traditional elite. It also casts a long shadow of uncertainty over a country emerging from its most crippling economic crisis since independence.

Restructuring 52

Restructuring Economics Finance 52

CFO News

OCTOBER 7, 2024

The domestic alcoholic beverages industry is likely to see 8-10 per cent revenue in FY25, led by steady demand for beer and a revival in consumption of spirits, along with increasing consumer preference for premium products, a report said on Monday.

Sales 52

Sales 52

CFO Dive

OCTOBER 7, 2024

As the conflict enters its second year, some companies will likely wind down funding commitments amid concern about backlash to corporate policies, the Conference Board’s Andrew Jones said.

213

213

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

Accounting