December, 2023

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Wall Street sees these beaten-down stocks making a comeback in 2024

CNBC: Investing

CNBC Pro looked for quality stocks with low debt that the Street thinks could see a turnaround in the new year.

Stock 115
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Adobe and Figma end $20B acquisition plans after regulatory headwinds in Europe

TechCrunch: M&A

Adobe’s $20 billion mega-bid to buy rival Figma is now officially dead, after the companies said today that regulatory pushback in Europe had caused them to put an end to the acquisition plans. “Although both companies continue to believe in the merits and procompetitive benefits of the combination, Adobe and Figma mutually agreed to terminate […] © 2023 TechCrunch.

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EU and UK Merger Regulators Look Beyond Horizontal and Vertical, With Digital ‘Ecosystems’ a New Focus

JD Supra: Mergers

Key Points - - EU competition regulators are increasingly considering “ecosystems” of products and services in their analysis of the competitive impact of mergers — a framework that often does not fit with the historical focus on horizontal and vertical relationships.

Mergers 311
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ESMA considering progressive penalties for settlement fails under CSDR revamp

The TRADE

The European Securities and Markets Authority (ESMA) has published a consultation paper on the CSDR penalty regime seeking input on amendments which may include cash penalties that increase with the length of the settlement fail. The paper follows requests from the European Commission for technical advice on the regulation, with the consultation running to 29 February 2024.

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Top 3 Secrets to Staying Relevant with Gen Z

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. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Xi Jinping Is Asserting Tighter Control of Finance in China

The New York Times: Banking

The Communist Party’s main theoretical journal has laid out a new ideological framework for the financial system that emphasizes the primacy of China’s top leader and Marxist principles.

Finance 138

More Trending

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BlackRock and China-led AIIB among backers of $800 million Asia-focused infrastructure fund

CNBC: Investing

Investor interest in the last few years largely stems from a desire for stable returns at a time of high inflation and heightened volatility in public markets.

Funds 143
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IBM to acquire StreamSets and WebMethods from Software AG for $2.3B

TechCrunch: M&A

IBM is doling out €2.13 billion ($2.3 billion) to acquire a duo of data integration assets from Germany-based enterprise software company Software AG. The all-cash deal will see IBM take ownership of StreamSets, a data integration platform that Software AG had acquired just last year, and WebMethods, which Software AG bought for more than $500 […] © 2023 TechCrunch.

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2024 Insights: Antitrust

JD Supra: Mergers

As US Antitrust Agencies Double Down on Merger Enforcement Approach, New Deal Strategies Emerge The DOJ and FTC continue to pursue an aggressive merger enforcement agenda with new merger guidelines and filing requirements. Companies can still close deals if they structure them to “go the distance” and have a solid litigation strategy.

Mergers 302
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World stocks at highest in over a year on rate cut bets

Global Banking & Finance

World stocks at highest in over a year on rate cut bets By Koh Gui Qing and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -World stocks rallied to their highest level in more than a year on Wednesday, while the U.S.

Stock 124
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Provide Real Value in Your Applications with Data and Analytics

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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Stocks Rally and Bond Yields Slide as Fed Signals Rate Cuts in 2024

The New York Times: Banking

The Fed’s rate increases since March 2022 have sent shock waves through financial markets, raising borrowing costs on things like mortgages and government debt and weighing on the stock market.

Stock 135
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Serious Medical Errors Rose After Private Equity Firms Bought Hospitals

The New York Times: Mergers, Acquisitions and Dive

A new study shows an increase in the rate of inpatient complications, including infections and falls, though patients were no more likely to die.

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Asia's family offices have been betting big on risk — but that could be changing

CNBC: Investing

A global survey by Citi showed there has been a shift out of cash and into risk assets by family offices around the world — with one notable exception, Asia.

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Cisco to acquire cloud-native networking and security startup Isovalent

TechCrunch: M&A

Cisco announced this morning that it intends to acquire Isovalent, a cloud-native security and networking startup that should fit well with the company’s core networking and security strategy. The companies did not share the purchase price. Isovalent has helped develop eBPF, a key open source technology that gives developers deep insight into the operating system […] © 2023 TechCrunch.

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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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Private Sector Space Projects Take Off, Leaving Legal Unknowns in Their Contrails

JD Supra: Mergers

Key Points - - Private enterprise is now driving the long state-dominated space sector. - As geopolitical tensions mount, and growth in the wider tech M&A market slows, commercial activity in outer space — including M&A — remains resilient because of the sector’s strategic significance.

M&A 291
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Asia shares at 5-month highs as rate cut bets pile up

Global Banking & Finance

Asia shares at 5-month highs as rate cut bets pile up By Wayne Cole SYDNEY (Reuters) -Asian shares scaled five-month peaks on Thursday as market wagers on ever-more aggressive rate cuts extended a huge rally in U.S. stocks and bonds, while also leaving plenty of scope for disappointment in the new year.

Shares 124
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Check Fraud Is Rising and the Thieves Are Winning

The New York Times: Banking

Although check usage has declined in the last couple of decades, check fraud has risen sharply, creating a problem for banks — and customers trying to pay their bills.

Bank 138
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The TRADE predictions series 2024: Utilising data for better outcomes

The TRADE

Paul Humphrey, chief executive officer, BMLL Technologies Back in 2020, we said the race for speed was over, and the global race for quality data and analytics was on. We see this continuing, and the industry-wide lack of quant resources – critical for researching, analysing and understanding market behaviour – adds both complexity and urgency to this race.

Trading 122
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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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Buying property in Asia? Real estate specialists give their investment tips

CNBC: Investing

It's a good time for homeowners in Hong Kong to buy now, but investors hunting for yield might want to think twice, says Peter Churchouse of Portwood Capital.

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Two of Africa’s largest B2B e-commerce platforms MaxAB and Wasoko in merger talks

TechCrunch: M&A

Egyptian B2B e-commerce startup MaxAB and Wasoko, a Kenya-based e-commerce player with operations in Tanzania, Rwanda, Uganda and Zambia, are in talks to merge operations, TechCrunch has exclusively learned from multiple sources. They say talks are still ongoing and the agreement hasn’t been finalized yet. The merger talks come as B2B e-commerce companies in Africa […] © 2023 TechCrunch.

Mergers 301
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Ireland Introduces Foreign Investment Screening Regime

JD Supra: Mergers

The Development: The Screening of Third Country Transactions Act 2023 (the "STCT Act") was signed into law on October 31, 2023, introducing a new investment screening regime in the Republic of Ireland ("Ireland") with a mandatory filing system and a broad call-in power.

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Dollar dips as traders focus on US rate cuts next year

Global Banking & Finance

Dollar dips as traders focus on US rate cuts next year By Ankur Banerjee SINGAPORE (Reuters) -The dollar nursed steep losses on Thursday and was headed for a yearly decline, while the Swiss franc perched at a nine-year peak and the euro at a five-month high on expectations that 2024 will bring deep rate cuts.

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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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Americans May Be Taking on Too Much Pay-Later ‘Phantom Debt’

The New York Times: Banking

Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.

Debt 143
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New crypto trading venue aimed at banks and securities firms has launched as digital assets market infrastructure continues to evolve

The TRADE

RULEMATCH, a new crypto trading venue, serves banks and securities firms which are already active in the crypto market has launched, offering a combination of integrated, post-trade settlement and ultra-low latency for participants including hedge funds and high frequency traders. RULEMATCH facilitates multilateral net settlement among participants, as well as addressing counterparty risk among participants with a strict delivery-vs-payment process and collateral requirements to protect against

Trading 122
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JPMorgan picks China stocks to buy now. Alibaba’s not on the list

CNBC: Investing

Some big-name Chinese stocks are starting to emerge from a downbeat few quarters, making it them "timely buys" for the year ahead, JPMorgan analysts said.

Stock 145
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Docker acquires AtomicJar, a testing startup that raised $25M in January

TechCrunch: M&A

AtomicJar was seemingly a high flying early stage startup with a hefty (by today’s standards) $25 million Series A last January. It was building a commercial container testing platform, based on a popular open source project, always a nice combination. It would seem it was time to find product-market fit and take off, but instead […] © 2023 TechCrunch.

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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?

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FTC and DOJ Issue Final Merger Guidelines That Expand Reviews and Limit Combinations

JD Supra: Mergers

After "an extensive public consultation process" since late July 2023, the Federal Trade Commission (FTC) and U.S. Department of Justice (DOJ) Antitrust Division on Dec. 18, 2023, jointly announced the release of final Merger Guidelines that would significantly expand the number and types of transactions subject to antitrust challenge.

Mergers 280
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Dollar gains back ground on rate bets; bitcoin breaches $42,000

Global Banking & Finance

Dollar gains back ground on rate bets; bitcoin breaches $42,000 By Hannah Lang and Harry Robertson WASHINGTON/LONDON (Reuters) – The dollar ticked higher on Monday, regaining some ground after falling for three straight weeks on bets that the U.S.

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The Hot New Market in Crypto? Trading FTX’s Carcass.

The New York Times: Banking

Investors are spending hundreds of millions of dollars on FTX bankruptcy claims, betting that the firm’s new leaders will recover the money that Sam Bankman-Fried misappropriated.

Trading 128