Finance News and Headlines
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Every morning
Weekly
Tuesday recap
Nel ASA posted a steep revenue decline in Q4 and the full‑year 2025, with Q4 revenue down 21% YoY to NOK 330 million and full‑year revenue falling 31% to NOK 963 million. Net losses widened dramatically, driven by a NOK 799 million impairment charge that pushed Q4 loss to NOK 870 million and the annual loss to NOK 1.27 billion. Despite the weak top line, order intake surged 364% to NOK 686 million and the backlog grew 34%, lifting the stock into positive territory.
S&P Global Ratings lowered the outlook on San Juan Cruise Port LLC's senior debt to negative, keeping the BBB‑minus rating but flagging heightened risk. The downgrade affects about $160.3 million of bonds issued by AFICA, which are not guaranteed by the...
The Indian government is preparing to shift Tax Deducted at Source (TDS) filing from a quarterly to a monthly cadence as part of the new income‑tax regime slated for April 1. A parallel proposal seeks to overhaul house‑rent allowance (HRA) exemptions,...
FC Bayern has migrated its core IT landscape to SAP Cloud ERP Private, consolidating over 9.5 million fan and member records and more than 25,000 product master data entries into a single cloud system. The move supports a clean‑core architecture...
CFO Nicola Perin credits a solid administrative foundation for OVS’s growth, highlighted by the 2014 spin‑off of OVS‑Upim that paved the way for a public listing. He later led Italy’s first sustainability‑linked bond, raising €160 million at a 2.25% fixed rate...
The GP‑led credit secondary market is experiencing sustained growth as investors pursue more flexible deal structures and higher return potential. Industry leaders, such as Olga Kosters of Antares, emphasize that the ability to cherry‑pick assets and maintain strong GP‑investor alignment...
Liberty Co. Insurance Brokers announced the launch of Liberty Collateral Protection, a new collateral protection facility aimed at lenders and loan servicers with large, multi‑state portfolios. The offering blends lender‑placed insurance, real‑estate‑owned (REO) coverage, and collateral protection insurance with centralized...
S&P Global downgraded Service Properties Trust (SVC) to B‑ from B, citing $2 billion of debt maturing over the next two years. Roughly 40% of the REIT's capital structure faces imminent repayment, raising liquidity and covenant concerns. The company sold 112...
Papa John’s announced a sweeping cost‑savings program that includes closing 300 under‑performing restaurants—200 of them this year—and laying off 7% of its corporate workforce. The plan aims to generate at least $25 million in savings through 2027, with $13 million expected in...
Fitch reported that private credit defaults surged in January, with 11 events—double the average monthly defaults recorded last year. Over the trailing twelve‑month period the sector logged 89 defaults, highlighting an accelerating distress trend. The uptick reflects tightening credit conditions...
Accounting firms are facing a surge in data‑exfiltration attacks, where cybercriminals silently steal sensitive financial records to extort victims or sell the data. Traditional detection tools often miss covert channels, encrypted uploads, and traffic mimicry, leaving firms vulnerable. The average...
Medtech M&A kicks off 2026 with several multibillion‑dollar deals. Boston Scientific announced a $14.5 billion acquisition of Penumbra, while Danaher disclosed a $9.9 billion purchase of Masimo. At the same time, major divestitures are underway, including BD’s planned $17.5 billion sale of its...
Telangana’s wage and pension outlay has ballooned to nearly Rs 6,000 crore a month, consuming about 45 percent of the state’s revenue. Senior engineers in power utilities now earn up to Rs 7 lakh per month, while senior municipal sweepers can draw close to Rs 2 lakh....
The Ministry of Justice (MOJ) has released a comprehensive set of accounting officer assessments for its programmes and projects within the Government Major Projects Portfolio (GMPP). The page lists more than 70 documents, ranging from prison construction and houseblock expansions...
The Internal Revenue Service unveiled a new, centralized web page (IRS.gov/SubmitATip) that lets taxpayers confidentially report tax fraud, scams, and evasion. By consolidating multiple reporting channels into a single "Report Fraud" button, the agency aims to simplify submissions and improve...
Onslow Bay Financial is preparing a $452.7 million asset‑backed securities offering backed by a pool of 1,952 home‑equity lines of credit. The ABS will be issued in eight tranches under the OBX 2026‑HE1 Trust, benchmarked to SOFR and maturing in February 2056. The...
A Kansas City Federal Reserve Bank analysis shows debit card fraud loss rates rose between 2021 and 2023, driven primarily by card‑not‑present transactions. While online fraud increased, in‑person fraud declined on dual‑message networks but grew on single‑message networks. The report...
The U.S. Supreme Court’s recent decision limiting presidential tariff authority under the IEEPA has heightened uncertainty for exporters facing new duties. In this environment, the Interest‑Charge Domestic International Sales Corporation (IC‑DISC) offers a tax‑saving mechanism that converts export earnings into...
Fiserv announced three senior hires this month: Lia Cao as chief revenue officer for enterprise and platforms, Robert Clarkson as chief revenue officer for small‑business and Clover POS, and Adit Gadgil as global head of business development. All three are...
Grupo Dia posted a profit in 2025 after seven consecutive loss‑making years, reporting €5.8 billion in total turnover, a 3.5% increase. In Spain, sales rose 8% to €4.6 billion, driven by a 7.4% rise in comparable turnover and the opening of 94...
SHINE Technologies announced a $240 million equity raise led by NantWorks, bringing its total funding above $1 billion. The round adds Dr. Patrick Soon‑Shiong to the board, linking the fusion firm with a serial biotech entrepreneur. SHINE will use the capital to...
Centrifuge and Resolv are deploying up to $100 million of JAAA, a tokenized AAA‑rated credit fund, as leveraged collateral on Aave Horizon, creating the largest real‑world asset loop in DeFi to date. Resolv will lock JAAA to generate yield for its...
Boomer Consulting warns that the accounting profession faces a widening transformation gap between firms that evolve and those that remain static. Leadership must address talent alignment, business‑model redesign, and technology as a unified front to stay relevant. Automation is removing...
South African Express, the state‑owned carrier, is set to complete its liquidation by April 2026, six years after entering provisional liquidation. The liquidators have recovered movable assets, tax refunds and interest, leaving a free residue of roughly ZAR 3.7 million for distribution....
AICPA ENGAGE 2026 will feature a high‑profile keynote conversation between actor‑entrepreneur Ryan Reynolds and former Costco CFO Richard Galanti. The event, marking ENGAGE’s 10th anniversary, runs June 8–11 at the Aria Resort & Casino in Las Vegas under the theme “the next wave.” Their dialogue...
BlackRock has appointed Citi Investor Services to handle select middle‑office functions for roughly $4 trillion of U.S.-domiciled iShares ETFs on its Aladdin platform. The expanded role builds on a 2021 custodial mandate and aims to streamline the ETF order lifecycle, offering...
ACI Worldwide reported fourth‑quarter revenue of $253.2 million, a 13% year‑over‑year increase, pushing full‑year 2025 revenue just above $1 billion. NCR Voyix posted a 6% Q4 revenue rise to $720 million but saw full‑year revenue dip 4.6%, while turning a $201 million loss into...
EnCap Flatrock Midstream is exploring a sale of its gas‑pipeline subsidiary Momentum Midstream for a price exceeding $5 billion. The private‑equity firm has engaged advisers and is gauging interest from rivals and other buy‑out funds. Momentum operates roughly 4,000 miles of...
State legislators are passing flexible CPA licensure bills, beginning with California Assembly Bill 1175 and New York Assembly Bill 7613, to accelerate the accounting talent pipeline. By 2026, Arizona, Florida, Maine, Maryland, Mississippi, Missouri and South Dakota are poised to follow suit, creating a...
The Federal District government has introduced a bill to inject up to BRL 6 billion into BRB Banco de Brasília following the Master Bank fraud, allowing borrowing from the Credit Guarantee Fund or other lenders. The proposal also reduces the number of...
Leeds‑based fintech Debeo has launched what it calls the UK’s first purpose‑built online platform to help small and medium‑sized enterprises (SMEs) understand and manage their debt. The service aggregates loans, overdrafts and asset‑finance agreements into a single, real‑time view, enabling...
Russian Finance Minister Anton Siluanov announced a sweeping fiscal overhaul, lowering the oil‑price budget rule threshold by $1 each year for five years to shift revenue reliance from oil and gas to domestic consumption. The move follows a sharp drop...
Intuit has teamed with Affirm to embed a Buy‑Now‑Pay‑Later (BNPL) option directly into QuickBooks invoices, letting small‑business owners split customer payments while receiving the full amount upfront. The move turns QuickBooks from a bookkeeping tool into an actionable financial operating...
Hong Kong's finance chief Paul Chan signaled openness to allowing local universities to issue tertiary education bonds to fund the Northern Metropolis University Town project. The plan expands the campus area to 100 hectares and includes a third medical school,...
The article explains why companies are moving from spreadsheet‑based accounts payable to automated AP solutions that integrate directly with ERP platforms. It outlines the drawbacks of manual spreadsheets—errors, delays, and weak audit trails—and details how automation delivers real‑time visibility, faster...
S&P Global Ratings warns that collateral values backing Hong Kong banks' commercial property loans will keep declining through 2026, reflecting a market that has yet to find a bottom. The Bank of East Asia disclosed a HK$723 million valuation loss in...
Latvia introduced a new specialised credit institution licence, lowering the initial capital requirement to €1 million and granting deposit‑taking rights and EU‑wide passporting. The amendment to the Credit Institutions Law took effect on 6 January 2026, creating a hybrid category that operates like...
Former ICBC chairman Chen Siqing urged China to embed its Cross‑border Interbank Payment System (CIPS) into bilateral trade frameworks, especially with Belt‑Road and RCEP partners, as geopolitical tensions heighten reliance on non‑US payment networks. He highlighted CIPS’s rapid growth, processing...
HM Treasury and the Department for Science, Innovation and Technology have issued new guidance on using digital identities for Money Laundering Regulations (MLR) compliance. It specifies that only digital verification services listed on the GOV.UK Register and certified under the...
The UK government released a policy paper on 26 February 2026 outlining the public service pension increase for the coming year. Pensions that have been in payment for a full year will rise by 3.8 % starting 6 April 2026, matching the September‑to‑September CPI rise....
The European Central Bank posted a €1.3 billion loss for 2025, a sharp improvement from the €7.9 billion deficit recorded in 2024. The turnaround stems mainly from a dramatic reduction in net interest expense as liability remuneration rates fell and TARGET balances...
The European Banking Authority (EBA) issued an opinion opposing two European Commission amendments to the draft Regulatory Technical Standards (RTS) on equivalent legal mechanisms for residential property under construction. The Commission seeks to raise the risk‑weight cap for protection providers...
On 26 February 2026, HM Treasury published the accredited official statistics public expenditure outturn for February 2026. The release includes detailed analyses of government spending across departments, functions, and economic categories, benchmarked against budget and expenditure‑on‑services frameworks. Accompanying Excel files...
The UK Treasury’s Money Laundering Advisory Notice was updated on 26 February 2026 to reflect the latest FATF decisions on High‑Risk Third Countries (HRTC). The revision aligns the UK’s list with jurisdictions identified by FATF as having weak anti‑money‑laundering and terrorist‑financing controls....
Northern Trust announced the addition of Berenberg’s AI‑driven foreign‑exchange models to its dynamic currency‑hedging framework. The partnership lets institutional clients embed third‑party, model‑based strategies and adjust hedge ratios in real time across the US, UK, Europe, Australia and Canada. By...
The article argues that Key Value Items (KVIs) are not static product attributes but moment‑specific traffic drivers that shift to profit generators once the buying context changes. Traditional quarterly segmentation assigns fixed roles, causing margin leaks when a SKU’s role...
SBI Life Insurance announced an interim dividend of ₹2.7 per share for FY26, with a record date of March 6 and payout scheduled by March 27. The declaration lifted the stock about 1.5% in early trade, trading near ₹2,094. In Q3 FY26...
Mont Royal Resources has secured a conditional extension of up to C$2.6 million from Natural Resources Canada’s Critical Minerals Infrastructure Fund to fund the planning and pre‑construction of a 300‑km access road linking its Ashram rare‑earth and fluorspar project to Schefferville....
Southeast Asian super‑app Grab reported its first full‑year profit in 2025, posting a $200 million net gain after narrowing losses from $1.7 billion in 2022 to $158 million in 2024. Revenue climbed roughly 20% to $3.4 billion as transaction volume rose 21% to $22 billion...
Cettire reported a first‑half fiscal loss of $1.1 million, reversing a $4.7 million profit from the prior year, as US tariff changes and soft luxury demand hit sales. Revenue slipped 2.8% to $382.8 million, while adjusted EBITDA fell 28% to $8.7 million. Excluding the...
