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Is momentum shifting in the global electric vehicle (EV) market? Chinese EV maker BYD has surged ahead of Tesla, reporting $107 billion in 2024 revenue compared with Teslas $97.7 billion. BYDs net income in the fourth quarter was a record $2.07 billion, an increase of 73% year-on-year and up 29% quarter-on-quarter. Teslas Chinese rival is gaining global momentum, says Jacob Falkencrone, global head of investment strategy at Saxo Bank, with record-breaking earnings, rapid international expansion,
Governments and companies worldwide borrowed $25 trillion last year, up $10 trillion over pre-Covid levels and nearly three times the total prior to the 2008 financial crash, according to a report by the Organization for Economic Co-operation and Development (OECD), a Paris-based intergovernmental group of 38 mostly rich countries. The report predicts further rises this year, with the aggregate central-government marketable debt-to-GDP ratio in OECD countries hitting 85%, more than 10 points hig
When it comes to Federal Single Audits , nonprofits often make costly mistakes that lead to compliance issues, financial weaknesses, and material deficiencies. We frequently see organizations transitioning to us from other providers struggling with these common pitfalls – needing our help to overcome them. Below, we break down the top audit findings and what nonprofits need to know to stay compliant.
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
For many financial advisors, a core part of the retirement planning process involves simulating whether the client's assets will last through retirement. Traditionally, these simulations take the form of either Monte Carlo analyses – showing the percentage of simulated outcomes in which the client finishes with assets remaining – or stress tests that assess plan durability under a handful of adverse scenarios.
For many financial advisors, a core part of the retirement planning process involves simulating whether the client's assets will last through retirement. Traditionally, these simulations take the form of either Monte Carlo analyses – showing the percentage of simulated outcomes in which the client finishes with assets remaining – or stress tests that assess plan durability under a handful of adverse scenarios.
The performance of Indian rupee in FY25, when compared with other global currencies, was relatively stable, with a stronger dollar weighing on all major currency pairs, a report showed on Wednesday.
With Singapore being a key player in global finance, challenges for its capital market are to be addressed, with competition for investments intensifying in the region, KPMG says. According to KPMG, the introduction of the global minimum effective tax rate of 15% under BEPS Pillar 2 poses challenges to the effectiveness of traditional tax-based incentives in attracting capital.
When a person is able to take full advantage of his or her abilities and, at the same time, is mindful of his or her limitations, they are said to have achieved self-actualization. It is the final developmental stage of Abraham Maslow’s hierarchy of needs. Achieving self-actualization requires a foundation that meets a person’s physiological and safety needs, sense of community and belonging, and need for esteem.
BMOs U.S. Premium Rewards MasterCard has been recognized by money.com as one of the Best New Credit Cards of 2025. The card, which relaunched in August 2024 with an enhanced… Read more The post US Premium Rewards MasterCard recognized as best in class appeared first on About BMO.
Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i
In this episode, we discuss how not spending enough time on collection activities is a major drag on collection performance. There are a multitude of issues that cause collections to get superseded by other activities or to be handled ineffectively so that time is wasted. Besides looking at the way time management is a collection performance factor, we also talk about how you can get ahead of the curve.
Despite recent market volatility, several companies in India have shown renewed interest in IPOs, indicating market stabilization. Experts believe this signifies the absence of a prolonged negative return phase and highlights a strong Indian economic outlook bolstered by positive indicators and sectoral growth.
CreditSafe’s research study on the " Cost of Late Payments " highlights the significant financial challenges businesses face due to delayed customer payments. It delves into the critical issue of overdue invoices and their cascading effects on businesses' financial health. Delayed payments have far-reaching consequences, including disrupted cash flow, strained financial obligations, and increased risks of bad debt.
Trilegal advised Muthoot Finance Limited on the issuance of senior secured notes worth $250 million, due in 2029. This drawdown is part of MFL's $2 billion global medium-term note program. The notes are listed on NSE IFSC Ltd., with the proceeds earmarked for lending and other RBI-permitted activities.
Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.
By Robert DiNozzi Corporate Credit Managers face uncertain times. In a post-pandemic world, forbearance and amended credit agreements may no longer represent the most rational path for preserving the value of security interests. With a growing level of defaults anticipated as we move through 2025, creditors must understand every option for maximizing recovery value, mitigating loss, and preserving lending relationships.
The government has appointed Poonam Gupta as RBI Deputy Governor for three years, who arrives after the vacancy left by MD Patra's departure in January. She is the fourth female RBI Deputy Governor in Indian history.
Falling costs, private investment, and new business opportunities are fueling a rapidly expanding space economy poised for major growth. Since ancient times, humans have dreamed of conquering the skies. Today, that vision is closer to reality than ever, as space presents promising commercial opportunities. A drastic drop in costsdriven by a surge in private investment over the past 20 yearshas accelerated this shift.
India will remain the fastest growing economy among the advanced and emerging G-20 countries and the large size of its domestic market makes the country less vulnerable to potential shocks from US tariff policy.
In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.
El Salvadors Stock Exchange (BVES) is the first in Latin America to offer digital assets. Digital Exchange, BVES digital arm, will provide products after receiving the go-ahead from the National Commission for Digital Assets (CNAD) to be a digital asset provider. BVES claims it is the first regional stock exchange to establish a platform dedicated to the custody, issuance, management and trading of digital assets.
SEBIs decision to simplify follow-on issue frameworks for REITs and InvITs aims to enhance liquidity, boost investor confidence, and align with global standards. The move simplifies fundraising processes, enforces sponsor lock-in provisions, and ensures market efficiency. This step significantly benefits India's real estate and infrastructure sectors by facilitating easier access to capital and maintaining long-term stakeholder commitment.
The European Commission (EC) last month produced a working roadmap for financing the EUs historic plan to bolster its defense readiness against a perceived military threat from Russia and reduce its security dependence on the US. If effected, the proposed $870 billion ReArm Europe packagenow renamed Readiness 2030could deliver an unprecedented dividend to defense contractors.
The Reserve Bank of India's net short positions in the forward book surged to a record high of $78.6 billion in February. Most of the positions fall in the three-month to one-year category. This situation could potentially exert additional pressure on rupee liquidity as these positions mature and are rolled over.
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Namibia marked a milestone in its history on March 21, when Netumbo Nandi-Ndaitwah was sworn in as the countrys first female president. At 72, she joins a small group of female African national leaders, following Ellen Johnson Sirleaf (Liberia), Joyce Banda (Malawi), and Samia Suluhu Hassan (Tanzania), all of whom attended her inauguration. Nandi-Ndaitwah secured 57% of the vote, defeating her main rival, Panduleni Itula of the Independent Patriots for Change (IPC), who garnered 26%.
India saw a record number of company and LLP registrations in March, indicating strong investor confidence in the country's economic growth. March company registrations rose 27% year-on-year, while LLP registrations surged 62%, reflecting positive market sentiment amid external challenges such as US tariff policies.
With record dry powder entering 2025, Private Equity firms are aggressively pursuing add-on acquisitions to scale platforms and drive synergies as part of their five value creation levers. This “buy-and-build” strategy is particularly effective in fragmented industries such as technology, healthcare, and professional services, where consolidation accelerates growth and enhances valuation multiples.
Deposit growth for South Indian Bank, Central Bank of India, and Punjab & Sind Bank ranged from 5.5% to 8.7% year-on-year in the March quarter, while credit growth was quicker, at around 10% to 16%. These banks also saw a reduction in their CASA ratio.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
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