The success of a well-run business is not determined by its financial performance levels alone, and that is why leaders need to take a holistic approach and consider how each area of the establishment and decisions made about specific contributions to the company can build it up or weigh it down. advertisement advertisement As you work towards achieving your financial goals, it’s also important to find the right balance and prioritize how to maintain a steady cash flow and make wise choices about how and where to invest your time and money to elevate the organization. Below are 16 members of Fast Company Executive Board to share some of the best practices they’ve received about how to manage their company finances. 1. DEVELOP A LONG-TERM PERSPECTIVE. advertisement As Warren Buffet says: “Think long-term.” As a manager, you have to live months or years ahead of where your company is now. Ask where you want to be in a year and invest … [Read more...] about Leading executives share 16 tips that nurture corporate finance
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‘Ocean’s Eleven’ prequel in the works with Margot Robbie
Margot Robbie wants to rob. The actor is attached to star in a prequel to Ocean's Eleven , a heist comedy about con artists who rob hundreds of millions from a Las Vegas casino. The upcoming film is still in development at Warner Bros. and has not been greenlit. Jay Roach, who previously worked with Robbie on 2019's workplace sexual harassment drama Bombshell , is directing the film. Carrie Solomon is working on the screenplay, which is expected to take place far away from Sin City, in 1960s Europe. The title has yet to be confirmed, but Ocean's Eight has already been claimed by 2018's gender-swapped reboot, led by Sandra Bullock, Cate Blanchett and Anne Hathaway, so the studio may have to settle on another numeral for Robbie's mission. Since the film does not officially have the go-ahead, there's always a chance it will not come to fruition. But if all goes to plan, the next Ocean's installment will go into production in spring of 2023. Complicating the timeline, … [Read more...] about ‘Ocean’s Eleven’ prequel in the works with Margot Robbie
Biden’s curious talking point: Lower deficits offer inflation relief
US President Joe Biden (File image: Reuters) As Americans deal with the highest inflation in decades, President Joe Biden has declared that combating rising costs is a priority for his administration. Lately, he has cited one policy in particular as an inflation-fighting tool: shrinking the nation’s budget deficit. “Bringing down the deficit is one way to ease inflationary pressures in an economy,” Biden said this month. “We reduce federal borrowing and we help combat inflation.” The federal budget deficit — the gap between what the government spends and the tax revenue it takes in — remains large. But Biden has pointed out that it shrank by $350 billion during his first year in office and is expected to fall more than $1 trillion by October, the end of this federal budget year. Rather than stemming from any recent budget measures by his administration or Congress, the deficit reduction largely reflects the rise in tax receipts from strong economic growth and the winding … [Read more...] about Biden’s curious talking point: Lower deficits offer inflation relief
Rupee trades at record low of 76.96 a dollar on soaring crude prices
The rupee hit an all-time low of nearly 77 a dollar on Monday after crude oil made fresh surges on news reports that the US and its European allies were weighing a ban on Russian oil. This was the fourth consecutive session when the currency weakened. At 12.11pm, the home currency was trading at 76.96 a dollar, down 1.03 percent from its previous close. It opened at 76.96 a dollar and touched a record low of 76.97 during the day. Analysts says that the higher crude is likely to widen India's current account deficit. A higher current account deficit is likely to put further pressure on the domestic currency. The Russian invasion of Ukraine and likely lower exports of Russian crude oil will keep the oil prices elevated for a protracted period. "We note increasing risks of global crude prices staying elevated in the next 6-9 months due to large imbalances in the global crude oil markets," an analyst said. Brent soared to a near 14-year high of $140. Oil reached its highest … [Read more...] about Rupee trades at record low of 76.96 a dollar on soaring crude prices
Rupee surges 7 paise to 77.49 against US dollar in early trade
Representative image The rupee appreciated 7 paise to 77.49 against the US dollar in opening trade on Friday as crude oil prices retreated from the elevated levels. At the interbank foreign exchange, the rupee opened at 77.51 against the American dollar, then gained further ground to quote at 77.49, registering a rise of 7 paise from the last close. On Thursday, the rupee had settled at 77.56 against the US dollar. Global oil benchmark Brent crude futures fell 0.71 per cent to USD 111.24 per barrel. The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.29 per cent higher at 103.02. Close According to Sriram Iyer, Senior Research Analyst at Reliance Securities, the rupee opened stronger against the US dollar on Friday supported by an overall fall in the greenback and easing bond yields. "Asian and emerging market peers have started weaker and could cap strength. However, crude prices have eased and could … [Read more...] about Rupee surges 7 paise to 77.49 against US dollar in early trade
Rupee inches 3 paise higher to close at 77.53 against US dollar
Representative image The rupee inched 3 paise higher to close at 77.53 (provisional) against the US dollar on Friday, supported by a rebound in domestic equities. At the interbank forex market, the rupee opened at 77.51 against the greenback and moved in a range of 77.49 to 77.60 in the day's trade. The rupee finally ended at 77.53, higher by 3 paise over its previous close of 77.56. According to Dilip Parmar, Research Analyst, HDFC Securities, the lack of dollar demand and rebound in domestic equities augur well for the rupee. The dollar is about 2 percent off its recent high, seen last week, as risk-assets rebound after the People's Bank of China (PBOC) announced a 15 bps cut in the 5-year Loan Prime Rate to support the economy. The dollar index marked the first weekly decline after six weeks of upward movement, driven by position liquidation and preference for other currencies to emerge at a lower level. On the domestic equity market front, the BSE Sensex rebounded … [Read more...] about Rupee inches 3 paise higher to close at 77.53 against US dollar
Migrant’s perilous 8-country journey to US with pet dog
With his fluffy black dog in tow, Gilberto Rodriguez left Venezuela two months ago on a perilous eight-country journey, mostly on foot, with dreams of a better life in the United States. Leaving behind his wife and two children, aged six and eight, Rodriguez has slept rough, gone hungry, witnessed violence and paid bribes to police. But he smiles from ear-to-ear as he caresses his loyal canine companion of two years, whose name "Negro" means "Black" in Spanish. "He has also crossed everything just like us, he eats the same we eat, he's also a migrant," he told AFP in the town of Tecun Uman in eastern Guatemala, the sixth country stop on his north-bound route. Their journey so far has taken Rodriguez and Negro from Caracas to Colombia and through the perilous Darien jungle to Panama. Close There, they came across some of the criminal gangs that prey on migrants fleeing poverty and political upheaval in their home countries. "We were with some women and they … [Read more...] about Migrant’s perilous 8-country journey to US with pet dog