SAP, Europe's largest software company, announced a $2.4bn acquisition on Tuesday as it released fourth-quarter earnings. SAP said it will acquire Callidus Software, a Nasdaq-listed company focused on cloud-based sales solutions, as it attempts to …
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HNA's earnings can't cover its interest expenses, which according to data compiled by Bloomberg, have soared to levels topping those of any non-financial Chinese company. Its cash and earnings also fall short of the $29 billion in short-term debt that the company faces. HNA has about 65 billion yuan
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The head of the Financial Reporting Council has called for an investigation into competition among the Big Four accounting firms in the wake of Carillion's collapse, amid concerns that auditors failed to spot major financial malpractice at the contractor. Stephen Haddrill, chief executive of auditing
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… as lenders shorten credit tenures in line with IFRS 9; IFRS 9 has been adopted to build buffers against unforeseen shocks drawing from lessons during the 2008-9 global financial crisis. Micro and small enterprises, the dominant businesses in Kenya, will be hardest hit by the new accounting standard.
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Fiat Chrysler Automobiles (fcau, -1.41%) will supply Waymo with “thousands” of modified Chrysler Pacifica Hybrid minivans as the former self-driving project that spun out to become a business under Google's parent company Alphabet (goog, -0.02 …
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