Global Finance
DECEMBER 4, 2024
Research shows that immigrants to the US play a significant role in entrepreneurship and the economy at large. Ilya Strebulaev, a professor in the Venture Capital Initiative at Stanford Graduate School of Business, analysed data from 500 unicorns between 1997 and 2019. The dataset includes information on 1,078 founders, of whom 44% were identified as non-U.S.
CFO Dive
DECEMBER 4, 2024
To retain top talent, CFOs need to balance senior accountants’ experience against AI’s promise, EY’s Daren Campbell said.
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Future CFO
DECEMBER 4, 2024
Finance leadership is undoubtedly not a cakewalk, as it involves various roles for the organisation to grow and drive value. Chief finance officers now work as strategic advisors to the C-suite team, with specific strategies at hand to bring in innovation for the company as a whole. Every decision is crucial to the overall results and endpoint of each and every plan and initiative, that is why it is necessary that finance leaders have a clear view of the road they have to take.
CFO Dive
DECEMBER 4, 2024
Powell’s comments align with those of other Fed officials in recent days who backed a cautious approach to future reductions in borrowing costs.
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Global Finance
DECEMBER 4, 2024
Alexandre Arnault, one of French luxury goods titan Bernard Arnault’s sons, will serve as deputy chief executive of LVMH’s wines and spirits division, Moët Hennessy. The unit includes champagne houses Moët & Chandon, Dom Pérignon, and Veuve Clicquot, as well as cognac brand Hennessy. Starting in February, the 32-year-old heir will work alongside LVMH’s longtime CFO, Jean-Jacques Guiony, who will also join Moët Hennessy as its new CEO.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
Global Finance
DECEMBER 4, 2024
Botswana, the world’s second largest diamond producer, ended 58 years of single-party dominance by the Botswana Democratic Party (BDP) last month, as incumbent President Mokgweetsi Masisi, who had served one term, conceded defeat, enabling a historic and peaceful transition of power to Duma Boko, a 54-year-old Harvard-educated human rights lawyer who leads the opposition Umbrella for Democratic Change (UDC).
CFO Talks
DECEMBER 4, 2024
Members’ Profile: Christopher Holton In this edition of our CFO Spotlight series, we are featuring Christopher Holton, whose career reflects a deep commitment to both personal and professional growth. As the current Financial Director at Denso South Africa, Christopher has held key positions that span multiple industries, including logistics, fuel terminals, and manufacturing.
Global Finance
DECEMBER 4, 2024
Legal migration to the world’s wealthiest nations reached unprecedented levels in 2023. According to the Organization for Economic Cooperation and Development (OECD), approximately 6.5 million people migrated through permanent legal routes to its 38 member countries last year, a nearly 10% increase from 2022’s 6 million. The data comes as the debate surrounding migrants escalates, fueling right-wing gains in elections in many countries.
Barry Ritholtz
DECEMBER 4, 2024
At the Money: Deferring Capital Gains on Appreciated Equity. (December 4, 2024) Are you holding large, concentrated equity positions that have accrued big gains? Would you like to diversify but also defer paying big capital gains taxes? Meb Faber, founder and chief investment officer of Cambria Investments, speaks about a new ETF that may be the solution to the challenge of concentrated equity positions.
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Global Finance
DECEMBER 4, 2024
A new $1.3 billion deep-water megaport in Peru will likely become the latest battleground in a rumbling trade dispute between the US and China. The 15-berth port at Chancay, around 80 kilometers (about 50 miles) north of Lima on the Peruvian coast, was jointly inaugurated by Peru President Dina Boluarte and China’s President Xi Jinping as part of the Belt and Road Initiative (BRI).
CFO Dive
DECEMBER 4, 2024
While financial performance improved during Q3, the retailer now faces the additional challenge of searching for a new CEO and CFO.
Global Finance
DECEMBER 4, 2024
Historically, Mauritius voters have a reputation for speaking in absolute terms. They lived up to it last month, when they chose Navin Ramgoolam, the candidate of the Alliance du Changement (ADC) coalition, to form a new government as prime minister. Ramgoolam’s victory against incumbent Pravind Jugnauth was a rout. The ADC won 60 of 62 seats in the National Assembly, underscoring public exasperation with Jugnauth’s seven-year rule.
CFO News
DECEMBER 4, 2024
The Reserve Bank of India (RBI) warns that climate risks are impacting the financial system, posing systemic challenges. These include physical and transition risks, impacting assets, businesses, and loan losses. Data gaps hinder comprehensive risk assessment and access to climate finance. The RBI emphasizes the need for adaptation measures alongside emission reduction strategies to address immediate climate change impacts.
Speaker: Victor C. Barnes, CPA, MBA
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.
Global Finance
DECEMBER 4, 2024
IRIS2, the European satellite communications program, is finally taking off. The response to Elon Musk’s Starlink and Jeff Bezos’ Kuiper is the SpaceRISE consortium. Two years after launching the project, the European Commission awarded the contract to build its satellite mega constellation to a consortium of satellite fleet operators: Eutelsat (France), SES (Luxembourg) and Hispasat (Spain).
CFO News
DECEMBER 4, 2024
Godrej Capital is utilizing Generative AI (GenAI) to enhance customer service, analyze interactions, and manage credit risk. Key initiatives include AI-driven quality checks, real-time data analysis, and the upcoming launch of the SAKSHAM-AI/ML platform for improved decision-making and service efficiency. These innovations aim to provide personalized, efficient, and secure financial solutions in the evolving financial services landscape.
Global Finance
DECEMBER 4, 2024
IRIS2, the European satellite communications program, is finally taking off. The response to Elon Musk’s Starlink and Jeff Bezos’ Kuiper is the SpaceRISE consortium. Two years after launching the project, the European Commission awarded the contract to build its satellite mega constellation to a consortium of satellite fleet operators: Eutelsat (France), SES (Luxembourg) and Hispasat (Spain).
CFO News
DECEMBER 4, 2024
The Securities and Exchange Board of India (Sebi) has issued a clarification after queries have been raised in various news articles about the obligation of digital platforms to get recognition as a Specified Digital Platform.
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
Bank of the West
DECEMBER 4, 2024
As BMO reflects on its journey, the commitment to helping customers, communities, and colleagues make progress remains at the forefront of its mission. This fall, BMO proudly celebrates significant milestones… Read more The post Celebrating Milestones and Community Impact Through EMpower appeared first on About BMO.
CFO News
DECEMBER 4, 2024
2024 saw quite a lot of CFO resignations across major industries, reflecting shifts in leadership amid evolving challenges. We take a look at the top departures that made news.
Global Finance
DECEMBER 4, 2024
VOL. 38 NO. 11 The big news of the last few weeks is Donald Trump’s victory in the US presidential election, accompanied by a clear Republican majority in the US House of Representatives and the Senate. We know the results, but the new administration will only start working as of next month. We also know the new administration’s announced programs, priorities, and key nominations for the new cabinet.
CFO News
DECEMBER 4, 2024
Revenue Secretary Sanjay Malhotra cautioned revenue officials against issuing excessive demand notices to businesses, emphasizing the importance of prioritizing the economy. He urged them to verify the intent behind potential tax discrepancies before taking action, focusing on major players in smuggling and drug trafficking cases rather than minor offenders.
Speaker: Mark Gilham, FCCA, CPP
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.
Nerd's Eye View
DECEMBER 4, 2024
In the competitive market for financial advice, advisory firms often seek to find ways to differentiate themselves from one another. For firms with high-net-worth clientele, one way to do this is to offer alternative investments, such as private equity, private debt, or hedge funds, which may offer clients the ability to invest in a more diverse range of assets.
CFO News
DECEMBER 4, 2024
From a multi-year capex cycle to advancements in technology, rural consumption revival, and rising healthcare demand, the Kotak MF report outlines critical opportunities for investors.
The Charity CFO
DECEMBER 4, 2024
In the latest episode of A Modern Nonprofit podcast, host Tosha Anderson sat down with Sawyer Nyquist, a data expert who specializes in analytics and data management for nonprofits. Their conversation explored the strategic role of data in the nonprofit sector and how organizations can leverage it to achieve their goals more effectively. The Data Dilemma Tasha kicked off the discussion by highlighting a common issue in the nonprofit world: many organizations have an abundance of data but struggl
CFO News
DECEMBER 4, 2024
Ahead of the 55th GST Council meeting on December 21, Punjab's Finance Minister has urged an extension of the GST Compensation Cess beyond March 2026. Experts are divided, with some arguing it ensures financial stability for states, while others warn of long-term fiscal and economic concerns.
Advertiser: GEP
“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.
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