News

FASB No. 52: Foreign Currency Translation Accounting

February 07, 2025 05:47 PM AEDT| By Team Kalkine Media

Highlights,Replaced FASB No. 8,– Established a new framework for foreign currency translation.,Current Rate Method,– Requires financial statements to reflect exchange rates at the reporting date.,Equity Impact,– Currency fluctuations are recorded in...

FAS 157: Statement of Financial Accounting Standards No. 157

February 07, 2025 05:45 PM AEDT| By Team Kalkine Media

Highlights,Defines fair value measurement and its application in financial reporting.,Introduces a three-level fair value hierarchy for valuation inputs.,Enhances transparency and consistency in financial statements.,The Statement of Financial Accoun...

Farther Out, Farther In: Understanding Option Contract Maturities

February 07, 2025 05:44 PM AEDT| By Team Kalkine Media

Highlights,"Farther out" refers to options with longer expirations, offering extended time value.,"Farther in" denotes options with shorter expirations, providing quicker exposure.,Maturity selection impacts risk, premium cost, and strategy effective...

Understanding Family Offices: Managing Wealth for Generations

February 07, 2025 05:43 PM AEDT| By Team Kalkine Media

Highlights,Wealth Management Hub,– A family office is an entity designed to oversee and manage a wealthy family's financial affairs.,Customized Financial Strategies,– These entities provide tailored investment, tax, and estate planning solutions.,Lon...

Eugene F. Fama: Pioneer of Modern Financial Theory

February 07, 2025 05:42 PM AEDT| By Team Kalkine Media

Highlights,Developed the Efficient Markets Hypothesis, revolutionizing finance.,Served as a finance professor at the University of Chicago for decades.,Awarded the 2013 Nobel Prize in Economics for groundbreaking research.,Eugene F. Fama is a disting...

False Accounting: A Deceptive Financial Practice

February 07, 2025 05:41 PM AEDT| By Team Kalkine Media

Highlights,Manipulating financial records to misrepresent a company's financial health.,Concealing losses or inflating profits for personal or corporate advantage.,Violates legal and ethical standards, leading to severe penalties.,Understanding False...

Fallen Angels: Bonds That Lose Their Investment-Grade Status

February 07, 2025 05:40 PM AEDT| By Team Kalkine Media

Highlights,Downgraded Bonds:,Once investment-grade bonds that have fallen to junk status.,Market Impact:,Affects investor confidence and pricing dynamics.,Opportunities & Risks:,Potential for higher returns but increased volatility.,In the world of f...

Who is Russell Vought? Project 2025 co-author confirmed as OMB director

February 07, 2025 05:06 PM AEDT| By Invezz

Russell Vought has been confirmed as the director of the Office of Management and Budget (OMB). The Senate voted 53-47 in favour of Vought, a key figure in President Donald Trump’s economic strategy and one of the architects of Project 2025. Hi...

USD/INR forecast: what next for the rupee after the RBI cut?

February 07, 2025 05:01 PM AEDT| By Invezz

The Indian rupee remained at its all-time low against the US dollar after the Reserve Bank of India (RBI) delivered its first interest rate cut since the pandemic. The USD/INR exchange rate was trading at 87.50 on Friday, a few points below the all-t...

Hongkong Post extends suspension of US parcel deliveries over tariff uncertainty

February 07, 2025 04:46 PM AEDT| By Invezz

Hong Kong’s postal service has extended its suspension on shipping items containing goods to the United States, even after the US postal administration reversed its temporary ban on parcels from China. The ongoing restriction highlights escalating tr...

Trump-linked memecoins TRUMP and MELANIA lose up to 90% market value

February 07, 2025 04:34 PM AEDT| By Invezz

The rise and fall of memecoins tied to public figures have once again demonstrated the speculative nature of the cryptocurrency market. Donald Trump’s TRUMP token and Melania Trump’s MELANIA token have seen staggering declines, shedding billions in m...

MARRIOTT INTERNATIONAL ASIA PACIFIC EXCLUDING CHINA REGION CELEBRATES YEAR OF RECORD-BREAKING GROWTH WITH OVER 100 SIGNED DEALS IN 2024

February 07, 2025 02:00 PM AEDT| By Cision

With record annual deals and rooms signings, the company's APEC region added over 21,000 rooms to its development pipeline in 2024, driven by strategic conversion and multi-unit agreement strat...

Tai'an, China: Colorful Spring Festival Activities, Reviving Traditional Chinese New Year Flavor

February 07, 2025 01:44 PM AEDT| By Cision

TAI'AN, China, Feb. 7, 2025 /PRNewswire/ -- This is a report from the Shandong Office of Hong Kong Business Daily. During the Spring Festival, the old county government office in Tai'an was...

USD/CAD forecast: bearish engulfing forms ahead of NFP data

February 07, 2025 01:05 PM AEDT| By Invezz

The USD/CAD exchange rate has pulled back sharply in the past few days after Donald Trump paused tariffs on Canadian goods. It initially jumped to a high of 1.4787 on Monday, and has now retreated to 1.4300, a 3.15% drop. So, what next for the USD to...

BRI UMKM EXPO(RT) 2025 Officially Concludes, Attracting Over 63,000 Visitors and Securing USD 90.6 Million in Export Contracts

February 07, 2025 12:36 PM AEDT| By Cision

JAKARTA, Indonesia, Feb. 7, 2025 /PRNewswire/ -- PT Bank Rakyat Indonesia (Persero) Tbk. (IDX: BBRI) successfully concluded BRI UMKM EXPO(RT) 2025, reinforcing its commitment to empowering MSMEs...