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Total asset finance new business (primarily leasing and hire purchase) grew in October 2024 by 4% compared with the same month in 2023, according to figures released by the Finance & Leasing Association (FLA). In the ten months to October 2024, new business was also 4% higher than in the same period in 2023. New business in the commercial vehicle finance and plant and machinery finance sectors grew in October by 12% and 8% respectively, compared with the same month in 2023. The new car finance sector reported a fall in new business of 7% over the same period. Commenting…

(Bloomberg) — South Korean stocks tumbled and the won approached its weakest level since 2009 following a weekend of political turmoil that left investors bracing for a period of heightened volatility. Most Read from Bloomberg The benchmark Kospi Index dropped as much as 2.3%, and the small-cap Kosdaq Index slumped more than 4% to its lowest since April 2020. The won fell about 1% against the dollar, heading toward levels reached in the immediate aftermath of President Yoon Suk Yeol’s botched imposition of martial law early last week. Investors face the risk of a prolonged stalemate after Saturday’s impeachment motion…

There’s been something of a sea change in the economic outlook for 2025, in the aftermath of last month’s election. The prospect of a second Trump administration, with his known preference for deregulation and tax cuts, has market watchers expecting a growth-friendly environment. Desh Peramunetilleke, Jefferies’ Global Head of Quantitative Strategy, notes that reduced regulation, combined with the potential for lower corporate tax rates, could significantly boost the biotech sector, with smaller biotech stocks poised to benefit the most. “Our recent analysis concluded with a near-term preference for smaller-cap biotech names in the US… Trump’s win brings new market dynamics into…

(Bloomberg) — Asian stocks started the week with a cautious tone, as investors grappled with South Korea’s political upheaval and awaited fresh stimulus from China. Oil was steady after the Syrian government was toppled. Most Read from Bloomberg Korea’s equity benchmark dropped as much as 1.8% in opening trade, with Australian shares also slipping. Japanese stocks were flat. Futures pointed to a soft open in Hong Kong. The dollar and the yield on 10-year Treasuries were steady. Investors are readying themselves this week for a final flurry of central bank decisions across four continents, a key meeting of Chinese officials…

Readers hoping to buy Community Financial System, Inc. (NYSE:CBU) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. In other words, investors can purchase Community Financial System’s shares before the 13th of December in order…

Ant Group, China’s biggest operator of mobile payment systems, is promoting its finance chief Cyril Han Xinyi to the CEO post from next year to freshen its top management and drive the next phase of growth after more than 20 years in business. Han, the group’s current president and chief financial officer, will take over from Eric Jing Xiandong from March 1 with the responsibility for all business segments and daily management, according to a December 8 email to employees seen by the Post. Jing will remain as the group chairman. “In the decade since he joined Alipay in 2014,…

asiseeit / Getty Images/iStockphoto Another day, another million-dollar celebrity is claiming poverty because they entrusted their wealth to financial advisors who turned out to be shady. From Lindsay Lohan to Shia LeBeouf, lots of celebs have lost lots of money due to various issues, often including money mismanagement. Most recently, award-winning actor Al Pacino admitted that due to a combination of living large and a financial advisor who mismanaged his funds, he was essentially broke by his 70s. Learn More: Suze Orman’s Top Tip for Building Wealth Is a ‘Very Easy One’ Find Out: Why Skipping a financial advisor Could…

Not every holiday sale or promotion is a good deal. But how do you know what to look out for when shopping? By learning how to spot these red flags, you can make smarter financial decisions and avoid overspending. Read More: 5 Unnecessary Bills You Should Stop Paying in 2024 Find Out: 3 Things You Must Do When Your Savings Reach $50,000 Here are four financial red flags to be aware of in holiday sales and promotions. Trending Now: Suze Orman’s Secret to a Wealthy Retirement–Have You Made This Money Move? Some retailers will inflate the prices of particular items…

https://www.tipranks.com/news/company-announcements/shinhan-financial-group-gains-from-shinhan-life-dividend Shinhan Financial Group Co (SHG) has released an update. Shinhan Financial Group Co. is set to receive a substantial interim cash dividend from its wholly-owned subsidiary, Shinhan Life, amounting to KRW 150 billion or KRW 1,297 per common share for the 2024 fiscal year. This dividend decision underscores the financial strength and profitability of Shinhan Life, benefiting its parent company, Shinhan Financial Group. For further insights into SHG stock, check out TipRanks’ Stock Analysis page. Source link

Asana’s (NYSE:ASAN) shares has just recently jumped by 38%, riding a wave of optimism after crushing Wall Street’s Q3 expectations. The project management software firm reported $184 million in revenuea 10% year-over-year boostand a narrower-than-expected loss of just $0.02 per share. The real showstopper? Asana’s new AI Studio. This no-code tool for workflow automation is already making waves, with customers seeing big productivity wins. Toss in an impressive 89% gross profit margin, it’s clear investors are taking notice. Wall Street’s response? A mix of excitement and tempered expectations. JMP Securities leads the cheer squad with a $25 price target and…