Know What's Happening in Finance
Know What's Happening in Finance
Flex to Acquire Electrical Power Products for $1.1B Cash
Flex Ltd. announced a definitive agreement to buy Electrical Power Products for approximately $1.1B in cash. The target contributes roughly $323M of annual revenue and delivers a mid‑to‑high‑teens EBITDA margin. Flex expects the transaction to be accretive to adjusted earnings per share in the first full fiscal year after closing.
Also developing:
UK importers buying from China face cost volatility because most Chinese suppliers invoice in US dollars, forcing businesses to manage both GBP/USD and USD/CNY pairs. A 5‑10% swing in the pound can instantly raise cost of goods sold, while freight charges priced in dollars further erode margins. Companies can mitigate risk by tracking exchange rates, using dedicated multi‑currency accounts, and locking future payments with forward contracts. Regular pricing reviews are essential to preserve profitability amid currency‑driven inflation.
Mark Bish’s blog highlights Pay.UK’s Direct Debit rule 5.8, which now lets businesses challenge indemnity claims under reason code 4, curbing fraudulent disputes. The update tightens onboarding standards, demanding stronger validation and verification to avoid sanctions. He also stresses that automation,...
The Qualified Business Income (QBI) deduction lets eligible pass‑through ecommerce owners subtract 20 % of qualified income from taxable earnings. For 2025, businesses earning up to $197,300 (single) or $394,600 (married filing jointly) can claim the full credit, while higher earners...
Consistency rules in proprietary trading firms are designed to prevent traders from relying on a single, oversized profit day and to promote repeatable, controllable performance. These rules often cap daily profit contributions, require a minimum number of trading days, or...
Vantage Data Centers announced the appointment of Scott Beasley as its global chief financial officer, overseeing finance, accounting, capital markets, procurement, and corporate development. Beasley, based in Denver, brings extensive experience from leading Frontier Communications through a $12 billion fiber investment...
Spain’s finance ministry has floated a new eligibility pathway that would allow sovereign bonds to be classified as sustainable under the EU’s Sustainable Finance Disclosure Regulation (SFDR). The proposal seeks to broaden the pool of assets that can meet ESG...
Feedzai has launched RiskFM, a fraud‑prevention platform that moves beyond sole reliance on card‑network data by incorporating customer onboarding, payments and broader digital activity. The solution processes roughly $9 trillion in global payments across 120 billion events each year. Early testing is...
Starling Bank announced the appointment of Keith Algie as its new group chief risk officer, pending regulatory sign‑off. Algie succeeds Cyrille Salle De Chou, who is leaving after a two‑year tenure focused on scaling the bank’s risk framework. Algie joins from ANZ,...
Institutional investors are allocating more capital to private‑credit strategies, according to Nuveen. The firm notes a surge in demand for bespoke investment vehicles, with custom mandates and separate accounts topping the list of preferred structures. This shift reflects a broader...
HDFC Mutual Fund announced that its Gold ETF will tap exchange‑traded commodity derivatives (ETCDs) only when physical gold becomes temporarily scarce. The fund currently holds 15,262 kg of 99.5% pure gold, representing 98.65% of its assets, with cash and net current...
Pico-Cap’s FY25 report shows a dramatic earnings swing, with revenue surging and gross margins expanding to deliver full‑year profitability for a company valued under $10 million. Cash generated from operations before working‑capital changes suggests strong scalability once the business reaches larger...
Danske Bank Asset Management has placed its Global Tactical Allocation strategy on hold, moving to a neutral stance across all tactical risk exposures due to heightened uncertainty from the Middle East war. Head of Macro and TAA Bo Bejstrup Christensen...
Spade announced a $40 million Series B round led by Oak HC/FT, backed by Andreessen Horowitz and other fintech investors. The New York‑based fintech reported 470% year‑over‑year growth and a peak daily transaction volume of 1.9 billion, underscoring rapid adoption. The capital will...
A Credit Banc client was juggling nine short‑term loans and an open tax balance, resulting in roughly $56,000 of cash outflows each month despite steady revenue. The firm consolidated the debt with a $1.1 million term loan that also covered the...
South Africa’s Post Office, under business rescue, has been denied permission to sell assets or borrow externally due to the Public Finance Management Act, leaving it financially stranded. The rescue team says an additional R3.8 billion (≈$210 million) is required on top...
The damage Trump has done to the integrity of financial markets is one of the biggest stains of this entire administration. The deregulation and financial market innovation are positive but they don't need to come at the expense of rampant...
Tether announced it has engaged an unnamed Big Four accounting firm to perform its first full financial‑statement audit of the $184 billion USDT stablecoin. The audit will scrutinize the token’s assets, liabilities, internal controls and reporting processes, moving beyond the periodic...
Bank of Montreal (BMO) announced a tokenized cash platform built with CME Group and Google Cloud, aiming to deliver near‑instant settlement for capital‑market participants. The service will allow continuous fund movement, eliminating traditional banking‑hour constraints and reducing capital tied up...
The European Banking Authority released its second impact assessment of the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). The report finds that by the end of 2024 EU resolution entities hold MREL‑eligible instruments equal to 34.7% of total...
Interesting nugget in the $ARES ASIF letter, detailing who the redeemers were (11.6% of shares outstanding) ‘The majority of repurchase requests were made by a limited number of family offices and smaller institutions in select geographies who represent less than...
Salzgitter AG announced that its fiscal 2025 loss narrowed sharply from the prior year while the board upheld the quarterly dividend. The steelmaker also unveiled a FY26 outlook that projects revenue and EBITDA growth, highlighting the CFO’s role in cost...
The requested story on the overhaul of bank reserve requirements cannot be produced because none of the supplied source articles contain information on the regulatory change, its participants, or its financial impact.
Euler Motors secured a $47 million Series E round led by Lightrock, complemented by roughly $30 million in debt financing. The funding will boost product development, manufacturing capacity, and its dealer network across India. Revenue grew 12% to about $23 million in FY25 while...
The Bipartisan Budget Act of 2015 introduced a centralized audit system for partnerships, restricting Administrative Adjustment Requests (AARs) once the IRS issues a Notice of Administrative Proceeding (NAP). This limitation can trap taxpayers, as illustrated by an estate‑partnership scenario where...
Indonesia’s Danantara fund, launched a year ago to operate like a sovereign wealth fund while managing state assets, has largely focused on direct support to domestic firms. In its first twelve months it pumped $1.4 billion into Garuda Indonesia, $295 million into...
Omnes and Apex Group announced a tokenized secured debt note, the Omnes Mining Note (OMN), that provides institutional investors exposure to Bitcoin mining hash‑rate on Base, Coinbase’s Ethereum layer‑2 network. The structured note packages mining output into a regulated on‑chain...
JBA Risk Management has launched an upgraded global flood model that features richer hazard maps, a broader suite of future climate scenarios, faster processing, and finer exposure‑disaggregation. The enhancements give insurers, corporates and asset managers a clearer view of current...
Indian coworking operator DevX announced a ₹35 crore (~$4.2 million) capital raise within six months of its September 2025 IPO. The board approved ₹15 crore in warrants for co‑founders and a ₹20 crore equity injection from Infibeam Projects Management, giving the latter a 4.7%...
OpenAI has selected Brex’s AI‑native corporate card and spend‑management platform to run its global financial operations. The deal incorporates Brex’s new ChatGPT integration, enabling finance teams to query expense data and policy details directly in a chat interface. Brex reports...
Zalos, a London‑San Francisco fintech, raised a $3.6 million seed round led by 14Peaks Capital to develop AI agents that automate finance‑team workflows. The startup’s agents log into existing ERP, CRM, spreadsheet, and banking systems, handling tasks without requiring a stack...
The article clarifies how municipal bonds differ from bank loans, emphasizing that bonds do not create money while loans do through deposit creation. It walks through a $900 bond issuance, showing how an investment‑bank underwriter sells the securities, deducts fees,...
The article examines whether there is an optimal number of public companies in the United States, questioning the SEC chair’s push to “make IPOs great again.” It highlights the shift toward dual‑class structures, where 78% of market cap in controlled...
European Investment Bank approved a €90 million ($98 million) loan to the Port of Rotterdam Authority to fund shore‑power installations at three deep‑sea container terminals. The loan is complemented by a €70 million ($76 million) European Commission grant, bringing total public financing to roughly...
Turkcell secured a $1 billion syndicated loan from 14 banks to fund its 5G and next‑generation network rollout, ahead of Turkey’s April 1 launch. The facility, initially offered at $500 million under a Murabaha structure, was oversubscribed and doubled in size. HSBC acted...
Regulators worldwide are elevating enterprise‑wide financial crime risk assessments from a compliance formality to the core blueprint of AML/CTF programmes. The new standard demands assessments that are accurate, complete, evidence‑based and fully integrated with governance, controls and risk appetite. Generic...
ACCA has announced its collaboration with the UK Financial Reporting Council to strengthen the audit market for small and medium‑sized enterprises. The partnership will focus on implementing the FRC’s proposed reforms covering regulation, supervision, technology and ethical guidance, including a...
DNV has helped Grenergy Renovables secure financing for its Central Oasis solar‑plus‑storage portfolio in Chile. The 398 MW solar PV and 1.4 GWh battery complex spans the Maule and Bíobío regions. International lenders, led by BNP Paribas with Santander and Rabobank, provided the...
Financial crime fuels a massive global child sexual exploitation market, with an estimated half‑million Filipino children forced to produce content and 105 million abuse files identified worldwide in a single year. Demand originates mainly from high‑income Western economies, where offenders may...
Industrial developer Panattoni has promoted Nick Cripps to head of international capital markets, expanding his remit to 18 markets across the UK, Europe, the Middle East and India. Cripps, who joined five years ago, previously built joint ventures and helped...
San Diego County’s Auditor‑General has opened an independent audit of the Harm Reduction Coalition after the nonprofit’s former chief operating officer was charged with embezzlement. The review will examine grant allocations, contract compliance and internal controls, signaling heightened scrutiny of...
The U.S. National Highway Traffic Safety Administration has broadened its investigation of Tesla's Full Self-Driving software to 3.2 million vehicles, intensifying safety concerns that could delay the company's robotaxi rollout. Analysts warn a forced recall could erode the premium investors have...
UBS Asset Management has introduced a US‑dollar‑denominated share class of its Core MSCI Europe UCITS ETF on the London Stock Exchange, joining an existing sterling‑denominated class. The ETF tracks the MSCI Europe Net Return Index, holds roughly $1.14 bn in assets...
The Federal Reserve paused its easing cycle in March, keeping the federal funds rate at 3.50‑3.75% after three consecutive quarter‑point cuts. This “hawkish hold” arrives amid a wartime‑style energy shock that could lift headline inflation by 0.8 percentage points and...
In this episode of CFO Weekly, Jessica McClain, CFO of Girl Scouts Nation’s Capital, discusses the importance of lifelong learning for financial leaders, especially as AI and automation reshape accounting work. She shares how her background in public accounting and...
"When we map recent developments onto our Valuation vs Profitability framework, we can see that the market is now trading more than one standard deviation below its long-term trend." -Duality Research
Robin Energy $RBNE Announced has commenced a self-tender offer to purchase up to 1,000,000 shares. https://t.co/kGw8Y2ZS1J
Goldman Sachs’ latest research argues that even if private‑credit defaults surge to 10%—a level seen during the 2008‑09 financial crisis—the macroeconomic fallout would be modest, trimming U.S. GDP by only 20‑50 basis points. The sector, with roughly $1.7 trillion in leveraged...
“Cheapest valuation in years” … in 3 years Notice the chart “history” as well. https://t.co/2WLNIb2E8B
You can run, but you can't hide: ECB to Start Fresh Checks on Banks’ Exposure to Private Credit https://t.co/nEqJE6yYDf
#FEVR solid results although UK still a struggle and Tax issue around glass 'packaging' (more useless government nonsense). Cash £91.1m (down a bit after Dividends and Buybacks). In line for coming year.
