Wed.Jul 05, 2023

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Some Fed officials favored hiking rates in June

CFO Dive

In order to curb inflation, the central bank may need to maintain high borrowing costs longer than predicted by financial markets, Kansas City Fed economists said.

Banking 246
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More Inflation Expectations Silliness

Barry Ritholtz

This morning, the WSJ reported that “Consumers expect to see 4.1% inflation a year from now, the lowest such reading in two years and down sharply from its recent peak of 6.8%.” There are some who believe this is good news, but as we pointed out in May , it’s a meaningless, lagging survey. In fact, it may be even worse than that, because it appears that some at the Federal Reserve actually believe the Fed’s own survey of consumers contains information.

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Trending Sources

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CFOs shouldn’t let high rates hold them back

CFO Dive

A capital project that automates a business can yield a positive discounted investment return, Bill Fink asserts. When rates do come down, CFOs can refinance the debt.

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Improved compliance leading to continual increase in GST collection, says CBIC Member

CFO News

At the National Conclave on six years of GST organised by ASSOCHAM, tax officials and experts shared their view on the journey of GST so far and how the road look forward, what are the reforms required?

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Auddia CFO steps down after a five month stint

CFO Dive

Timothy Ackerman is departing from his role as CFO of the AI platform after being appointed in February.

CFO 251

More Trending

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SEC charges former View CFO with negligence-based fraud

CFO Dive

The SEC is seeking civil penalties against the smart window manufacturer’s former CFO, alleging he violated federal securities law.

CFO 204
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RBI panel makes recommendations for internationalisation of rupee; suggests short-term, long-term measures

CFO News

The Inter-Departmental Group (IDG) constituted by the Reserve Bank of India to examine issues related to the internationalisation of the Indian rupee and has come up with a report, where it made various short-term and long-term recommendations

Banking 97
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Moody’s report spotlights FedNow downside

CFO Dive

Given payments will move more quickly, the new system could increase the possibility of bank runs, Moody’s said.

Banking 146
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M&A value nosedives 75 pc to USD 32.6 billion in first half of 2023 despite record volume

CFO News

The overall value of M&As fell 75 per cent to USD 32.6 billion during the period due to the lack of mega deals above USD 5 billion, unlike last year when the HDFC twins announced the USD 40 billion record-breaking deal last April, according to financial markets data provider Refinitiv, a part of the London Stock Exchange Group.

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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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Why International Diversification Is Still The Prudent Strategy (While Keeping Behavioral Biases, Risks, And Results In A Healthy Perspective)

Nerd's Eye View

As the U.S. stock market has, on average, outperformed international equities over the last 15 years since emerging from the Great Recession of 2008, many investors argue that international diversification is a poor allocation of dollars that would otherwise be earning more in the U.S. market. The outperformance of U.S. stocks has led to the favoritism of ‘local’ investments over international ones through behavioral biases (e.g., recency bias and the tendency to confuse the familiar

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Haier plans ?1,000 crore expansion push: Haier India president Satish NS

CFO News

This includes ₹400 crore currently lined up to set up a plant for injection molding and sheet metal, which are major input materials used in refrigerators and washing machines.

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IPO markets in China and Hong Kong more robust in 2H 2023

Future CFO

The IPO markets in China and Hong Kong to become more robust in 2H 2023, said Deloitte China's Capital Market Services Group (CMSG) recently. According to CMSG’s 1H 2023 analysis and forecasts for the performance of Chinese Mainland and Hong Kong IPO market, the Shanghai Stock Exchange and Shenzhen Stock Exchange will have been the world's largest and 2nd largest listing destinations by funds raised in 1H 2023.

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Explained: Why China has put export curbs on critical minerals gallium and germanium & how it may impact India

CFO News

According to data from Refinitiv Eikon on the Shanghai Metal Exchange, the price of 99.99% pure gallium in China rose by 5.97% during the previous session to reach 1,775 yuan ($245) per kilogram on Monday. This price surge represents the highest level observed since May 16.

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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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A Finance Leadership Inflection Point | Jeff Noto, CFO, Zayo

CFO Thought Leader

Guest CFO: Jeff Noto of Zayo CFO Jeff Noto takes us back to a time when he was working in the international division of a Verizon. During an important meeting in Italy, it became clear that Verizon’s European partners were looking to Noto’s team for guidance and expertise. Noto realized that Verizon’s partners saw finance as the leader, not just a reactive process.

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Sebi sends notice to NSE on alleged misuse of trading software

CFO News

The Securities and Exchange Board of India (SEBI) has issued a show-cause notice to the National Stock Exchange (NSE) regarding allegations that certain high-frequency traders manipulated its software to execute many orders undetected and displace other users from the system. The TAP software scandal was detected in 2013, but the authority caught up to it during an investigation into the co-location scam by income tax authorities four years later, leading to SEBI's recent intervention.

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QuickBooks Accounting Software: A Beginners Guide

Capital CFO LLC

As a small business owner, keeping track of finances can be a daunting task. This is where accounting software such as QuickBooks come in. In this beginner’s guide, we’ll provide […] The post QuickBooks Accounting Software: A Beginners Guide appeared first on Capital CFO+.

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GST Council to discuss industry demand of full CGST, 50 pc IGST refund in 11 hill states

CFO News

States are showing reluctance to reimburse their portion of the Central Goods and Services Tax (CGST) and Integrated Goods and Services Tax (IGST) collections due to unsatisfactory revenue growth and the implementation of similar schemes to incentivize industries. In the past, certain industrial units in states such as Jammu & Kashmir, Himachal Pradesh, Uttarakhand, Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura enjoyed a tax holiday during the pre-Goods

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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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How to use financial variance analysis to enhance forecasting accuracy

Cube Software

What is financial variance analysis? Financial forecasts are only useful when they’re accurate. If you discover a forecast is flawed, there's only one thing to do—determine why, and make adjustments. This is the goal of financial variance analysis.

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India expects EU carbon tax to hit exports of steel, iron ore and cement

CFO News

In April, the EU approved the world's first plan to impose a levy on high-carbon goods imports from 2026, aiming to become a net zero emitter of greenhouse gases by 2050, some 20 years earlier than India's target.

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Venture Capital Sentiment Tracker – May 2023

Fox Corporate Finance

May 2023: Biotechnology Medical Technology Health Technology Funding Volume (€m) 0 Trend Funding Volume (€m) 0 Trend Funding Volume (€m) 0 Trend Biotechnology Funding Volume (€m) 0 Trend Medical Technology Funding Volume (€m) 0 Trend. Read more The post Venture Capital Sentiment Tracker – May 2023 appeared first on FCF Fox Corporate Finance GmbH.

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Adani promoters may pare more stake in group companies

CFO News

The promoters of the Adani Group, led by Gautam Adani, plan to continue reducing their holdings in group companies to build a liquidity buffer that can be used to tap new opportunities and invest in other business units. They have already sold stakes to GQG Partners and are in negotiations with other global investors for potential divestments. Talks with a West Asia-based fund are expected to finalize by September.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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Welcome Ron Wehtje

Focus CFO

Ron Wehtje has joined the FocusCFO team in the Carolinas. As our newest Area President, he will be leading the way in bringing Fractional CFO services He is a seasoned professional with over 35 years of experience in finance and operations, including working directly with entrepreneurs. Ron has experience in Public Accounting, Textile & Chemical Manufacturing, High Tech Internet Startups, and Healthcare industries.

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Jio likely to sign 5G gear deal with Nokia for $1.7 billion

CFO News

Reliance Jio Infocomm is set to sign a $1.7bn deal with Nokia this week to purchase 5G network equipment. This follows the $2.1bn worth of equipment ordered by the Indian telecom operator from Ericsson in its attempt to roll out 5G across India this year. The company has already purchased 5G spectrum and plans to invest $25bn in 5G infrastructure, making its standalone mode the sole holder of the 700 MHz band in the country.

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10 Wednesday AM Reads

Barry Ritholtz

My back-to-work mid-week morning reads: • American Cities Have a Conversion Problem, and It’s Not Just Offices : Piles of regulations, or “kludge,” and a culture of “no” are limiting the ability to turn building blocks into something new. ( Upshot ) • Bargains Abound in Commercial Real Estate. Where to Find Income and Growth. A steep slide in commercial real estate has put the sector on sale.

Sales 56
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Maruti Suzuki targets doubling its turnover in the decade through 2031

CFO News

“Looking at the immense potential of the Indian automobile market, our parent company, Suzuki Motor Corp (SMC), has outlined a robust growth plan. Our parent company is targeting doubling turnover by FY31. India will play a very big role in realising this goal,” MD Hisashi Takeuchi said, adding the Indian subsidiary too would be aiming at doubling revenue in this period.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.