Mon.Jun 19, 2023

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ETF Share Transactions Based on Nonpublic Information: An Illegal Secret Ingredient?

JD Supra: Mergers

Those with nonpublic information about a merger or acquisition involving a company appear to be profiting by trading in shares of exchange-traded funds based on indexes that include such companies’ shares, according to a recent study by Swedish and Australian researchers.

Shares 165
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US inflation – still a problem

Global Banking & Finance

US inflation – still a problem Executive summary High inflation was rampant in 2022, eroding real income, disrupting the financial markets, and weighing on the economy. To tame it, the Federal Reserve (Fed) has been hiking interest rates since March 2022, by a cumulative 475bps till April 2023.

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The State AG Report – 6.15.2023

JD Supra: Mergers

Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •AGs Say AI is Risky Business, Requires Government Oversight- •Illumina-ting AG Arguments in Support of Biotech Merger- •Stakes Are High for Unregistered Cryptocurrency Sales-.

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These medical device makers are driving a 'paradigm' shift in cardiac care, Piper Sandler says

CNBC: Investing

A safer, quicker way to treat some heart arrhythmia cases could be on the horizon, creating an opportunity for these two medical device stocks.

Medical 98
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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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Net inflows into equities decline to a 2-yr low: What should investors do?

Business Standard - FInance

Decline in Equities: Overall, inflows have declined significantly in the last two months as the market rise led to investors putting in lower amount

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This investment manager is looking to bridge the racial wealth gap

CNBC: Investing

Economic freedom has been more elusive for Black people. Veteran portfolio manager Jim Casselberry is trying to do something about that.

More Trending

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Blockchains are ‘basic utilities’ for the digital economy, says Franklin Templeton crypto head

CNBC: Investing

Roger Bayston discusses investing opportunities in crypto and how blockchains can help manage data in an increasingly digital world.

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Rewards galore: Most loved credit cards for online spends in India

Business Standard - FInance

India is approaching 100 million (10 crore) credit cards.

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How Invoicing Is Crucial to Business in Terms of Revenue

Global Banking & Finance

How Invoicing Is Crucial to Business in Terms of Revenue Invoicing plays a crucial role in businesses’ financial operations, directly impacting revenue generation. Companies can ensure prompt payment collection and establish trust in their brand by issuing detailed and accurate invoices to clients.

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Sun Life Asia Service Centres rebrands itself as Sun Life Global Solutions

Business Standard - FInance

Sun Life Asia rebranding: The GCC plans to increase headcount by about 700 this year in India

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Top 3 Banking Secrets to Stay Relevant with Gen Z Consumers

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant (or getting "ghosted") if they fail to meet the evolving needs of Gen Z consumers. Credit cards with flexible payment options, especially for young adults with little-to-no credit history, are a particularly important and valuable solution for this generation.

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Understanding FedRAMP: How Cisco Umbrella is Getting Certified

Cisco: M&A

Cisco Umbrella just received In-Process status on its FedRAMP® journey. But when we hear “FedRAMP” do we really understand what it means?

IT 96
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Barings PE, ChrysCapital acquire 90% stake in HDFC Credila for Rs 9,060 cr

Business Standard - FInance

In April 2023, Reserve Bank of India had advised HDFC to bring down its stake in HDFC Credila to 10%

Banking 98
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China’s Central Bank Cuts Loan Prime Rates

The New York Times: Banking

The reduction in the rates, which are used to set corporate loans and home mortgages, signal concern that the country’s post-pandemic rebound is stalling.

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Rupee dips tracking Asia FX, eyes US Fed chief testimony this week

Business Standard - FInance

BENGALURU (Reuters) - MUMBAI, June 19 (Reuters) - The Indian rupee ended little changed against the dollar on Monday, shrugging off weak regional cues as traders sought further clarity on the outlook for interest rates in the U.S.

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Enhance Customer Value: Unleash Your Data’s Potential

The complexity of financial data, the need for real-time insight, and the demand for user-friendly visualizations can seem daunting when it comes to analytics - but there is an easier way. With Logi Symphony, we aim to turn these challenges into opportunities. Our platform empowers you to seamlessly integrate advanced data analytics, generative AI, data visualization, and pixel-perfect reporting into your applications, transforming raw data into actionable insights.

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Infrastructure Development and Technology Adoption Drive Growth of Water Meter Market

Global Newswire by Notified: M&A

SkyQuest projects that the water meter market will attain a value of USD 29159.4 million by 2030, with a CAGR of 4.1% in the forecast period (2023-2030). Increasing investments in advanced infrastructure and a growing focus on achieving the smart city goal is expected to drive demand for the product. Adopting technology in commercial settings will be fueled by remote monitoring, growing water scarcity and robust cybersecurity mechanisms to ensure reliable and secure end-user data consumption.

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HNIs to skilled professions: Australia regains millionaire magnet crown

Business Standard - FInance

Australia has regained the top spot in New World Wealth's 2023 list of destinations forecast to enjoy the highest net inflows of high-net-worth individuals globally, replacing the UAE.

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Consumer Electronics Market Continues to Expand, Driven by Rising Demand for Innovative and User-Friendly Devices

Global Newswire by Notified: M&A

SkyQuest projects that the consumer electronics market will attain a value of USD 125.44 billion by 2030, with a CAGR of 6.5% over the forecast period (2023-2030). The market is expected to experience growth over the forecast period, fueled by the increasing penetration of smartphones across the country. This can be attributed to the availability of advanced features such as fingerprint scanners, high-resolution displays and powerful camera systems, as well as the availability of cheaper mobile

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PIMCO charged by the SEC for swaps disclosure and procedures failures

The TRADE

The Securities and Exchange Commission (SEC) has charged Pacific Investment Management Company (PIMCO) $9 million for disclosure, policies and procedures violations involving two funds the firm advises on. In the first action, the SEC found that between September 2014 to August 2016, PIMCO failed to disclose material information to investors related to PIMCO Global StocksPLUS & Income Fund’s (PGP) use of interest rate swaps and the material impact the swaps had on PGP’s dividend.

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Predictions You Can Rely On: How Data Drives Successful Financial Forecasting

Speaker: Robbie Bhathal, Founder & CEO, and Matthew Acalin, Head of Credit Intelligence

In today's volatile financial environment, how confident are you in your company’s financial forecasting? To get the most accurate cash predictions that will lead to long-term financial survival, real-time data is critical. Innovative cash management strategies can lead to better credit opportunities, more sustainable growth, and long-term financial prosperity.

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Show Me the Money: Hiring & Salary Trends in Indian Startups [2023]

Razorpay

Are you curious to know the latest hiring and salary trends in Indian startups in 2023? Our report, Show Me the Money , unveils the latest hiring & salary trends in Indian startups. We gathered this data from over 26000+ employees from 20+ sectors. Download the full report for free Note: All findings in this report are based on analytics on the RazorpayX Payroll platform between Oct 2022 to March 2023.

Shares 59
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HKEX launches dual counter model and market making programme to expand use of Renminbi internationally

The TRADE

Hong Kong Exchanges and Clearing (HKEX) has launched its new Hong Kong Dollar (HKD)-Renminbi (RMB) dual counter model and a dual counter market making programme in its securities market – in a bid to expand trading of RMB-denominated Chinese stocks. The move comes as part of HKEX’s efforts to enable mainland investors to trade RMB stocks listed in Hong Kong using their onshore RMB.

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Royal Mail’s largest union to resume vote on deal with postal company on June 22

Global Banking & Finance

Royal Mail’s largest union to resume vote on deal with postal company on June 22 (Reuters) – The largest union of UK’s Royal Mail will resume voting on an agreement reached with the British postal firm on June 22, after updating its terms to focus on restoring the quality of services and increasing the one-off […]

IT 52
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People Moves Monday: A series of senior appointments

The TRADE

BlackRock promoted Dean Catton to take the helm for its European credit business after spending the last two years as its head of European leveraged finance trading for its alternatives business. Catton joined BlackRock in 2021 from Banco Santander where he had been a credit trader for four and a half years. Previously in his career, he spent several years in credit trading roles at StormHarbour Securities, UBS and Elgin Capital.

Sale 64
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Deliver Mission Critical Insights in Real Time with Data & Analytics

In the fast-moving manufacturing sector, delivering mission-critical data insights to empower your end users or customers can be a challenge. Traditional BI tools can be cumbersome and difficult to integrate - but it doesn't have to be this way. Logi Symphony offers a powerful and user-friendly solution, allowing you to seamlessly embed self-service analytics, generative AI, data visualization, and pixel-perfect reporting directly into your applications.

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Bank of England launches first sector-wide liquidity ‘stress test’

Global Banking & Finance

Bank of England launches first sector-wide liquidity ‘stress test’ By Huw Jones LONDON (Reuters) -The Bank of England has launched its first system-wide liquidity ‘stress test’ to establish how big banks, insurers, clearing houses and investment funds respond collectively during extreme stresses in markets, it said on Monday.

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FM seeks spotting of credit-deficient districts for financial inclusion

Business Standard - FInance

Finance Minister Nirmala Sitharaman on Monday suggested identification of credit-deficient districts in each state and carrying out special credit outreach camps there

Finance 52
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UK high-sugar promotion ban delay angers health campaigners

Global Banking & Finance

UK high-sugar promotion ban delay angers health campaigners LONDON (Reuters) -Britain’s decision to further delay rules banning multi-buy deals on food and drinks high in fat, salt, or sugar (HFSS) has dismayed health campaigners who say it will not help families trying to save money.

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Rationalize for Success: The Strategic Role of Rationalization in M&A

Devensoft

Mergers and acquisitions (M&A) constitute intricate and frequently risky transactions with significant implications for stakeholders. That’s why companies need to approach M&A deals with a strategic mindset that minimizes risk and maximizes value. One crucial component of this strategic approach is rationalization – the process of streamlining operations, eliminating redundancies, and optimizing synergies between the two companies.

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Using Data & Analytics for Improving Healthcare Innovation and Outcomes

In the rapidly evolving healthcare industry, delivering data insights to end users or customers can be a significant challenge for product managers, product owners, and application team developers. The complexity of healthcare data, the need for real-time analytics, and the demand for user-friendly interfaces can often seem overwhelming. But with Logi Symphony, these challenges become opportunities.

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UBS faces big penalty over Credit Suisse’s Archegos failings -FT

Global Banking & Finance

UBS faces big penalty over Credit Suisse’s Archegos failings -FT (Reuters) – UBS Group AG faces hundreds of millions of dollars in penalties over Credit Suisse’s mishandling of Archegos Capital, after UK, Swiss and U.S. regulators completed their investigations, Financial Times reported on Monday. UBS has asked the U.S.

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University of Pennsylvania Investment Banking Placement (Using Data)

Peak Frameworks

The University of Pennsylvania is the overall best school for investment banking and finance placement in the world. They have stellar presence at every top investment bank and are one of the schools that consistently sends undergraduate students to the top private equity firms and hedge funds. UPenn is an Ivy League school and is home to Wharton, which is recognized as a top-tier business program for undergraduates and MBAs.

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EU electric vehicles risk 4.3 billion euro post-Brexit tariff cost – auto body

Global Banking & Finance

EU electric vehicles risk 4.3 billion euro post-Brexit tariff cost – auto body BRUSSELS (Reuters) – Post-Brexit rules forcing European automakers to source more electric vehicle components from Britain or the EU could cost them up to 4.3 billion euros ($4.7 billion) in tariffs and hit output, a leading industry body said on Tuesday.

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Securing Financing Options For Your Buyer During The Sale Process

Sun Acquisitions

As a business owner looking to sell your business , one of the most significant hurdles you will face in the sale process is securing financing options for your buyer. While finding a buyer is always challenging, identifying financing options that suit your buyer’s needs can be even more difficult. If you’re wondering how to secure financing options for your buyer, you’re in the right place.

Finance 52
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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?