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16.01 / 19:11
markets Target Cooper Progressive Remark CME Interviews Fed Governor Waller sees potential for multiple interest rate cuts in 2025
Federal Reserve Governor Christopher Waller said Thursday that the central bank could lower interest rates multiple times this year if inflation eases as he is expecting.
16.01 / 18:27
markets UPS Reuters economy show consequences Mortgage rates rise above 7% for first time since May
Romer Debbas managing partner Pierre Debbas says the economic consequences from the California wildfires will continue to be an unfortunate story.
16.01 / 17:57
Target Scottish Mortgage's Tom Slater plans to vote against Saba at Baillie Gifford meetings
Speaking at the Scottish Mortgage Forum hosted in London today (16 January), Slater said that as a shareholder of all three of the Baillie Gifford trusts on Saba's hit list – Baillie Gifford US Growth, Edinburgh Worldwide and Keystone Positive Change – he would be voting in line with the respective boards. Saba has targeted seven trusts, including the aforementioned, and utilised its position as a major shareholder in each to call a requisition vote in an attempt to have the boards replaced with Saba-vetted persons and recalibrate the trusts investment processes. Slater said «from a p...
16.01 / 17:57
UPS Analysis Saba pushes Herald up to a premium as it 'aggressively' buys up shares in bid to 'force through agenda'
US hedge fund Saba Capital had a 26% stake in the trust as of last Friday (10 January), but recent Stifel analysis found it has nearly reached the shareholder 29.9% limit. The activist investor launched a takeover campaign against HRI and six other trusts it has a major holding in at the end of last year, predicated on the complaint their boards failed to hold the investment managers accountable for the trusts' wide discounts to their respective net asset values, and therefore let clients down. Proxy voting advisers side with Herald board to vote against Saba Capital Saba's founder...
16.01 / 17:57
markets cover Ruffer suffering 'painful moment' as it posts 0% NAV total return for 2024
According to RICA's period review published today (16 January), which covers the six months to 31 December, the trust's NAV total return for the period stood at -0.4%, while its share price total return was only 0.2%. Overall, the NAV total return for the 12 months to 31 December 2024 was 0%, with the share price total return seeing a 0.7% decline. Former Ruffer director Harry Sevier launches Lulworth Investment Management According to Duncan MacInnes, manager of the trust, the loss in share price returns was due to a tension between cyclical and structural factors on markets, addi...
16.01 / 17:39
UPS security Trade President country Question on ASEAN stumped Hegseth at Senate hearing. What is it and why is it important?
In a heated Senate confirmation hearing for Pete Hegseth, Sen. Tammy Duckworth grilled the proposed defense secretary over the Association of Southeast Asian Nations, asking him if he could name one member and how many countries were in the bloc
16.01 / 17:35
security Courts Kirloskar Family dispute escalates at SAT over disclosure of family settlement agreement
Subscribe to enjoy similar stories. MUMBAI : The ongoing dispute within the Kirloskar family has intensified, with Kirloskar Brothers Ltd (KBL) seeking intervention in the Securities Appellate Tribunal (SAT) in an appeal filed by Kirloskar Oil Engines Ltd (KOEL). At the heart of the matter is a directive from the Securities and Exchange Board of India (Sebi) requiring the disclosure of a 2009 Deed of Family Settlement (DFS), which KBL contends should be disclosed by KOEL.
16.01 / 16:51
COST UPS Election Bill inclusion Poilievre pledges to reverse Liberals’ capital gains tax changes if elected
Conservative Leader Pierre Poilievre on Thursday promised to reverse the Liberal government’s controversial changes to capital gains taxes if he takes power in the next federal election.
16.01 / 16:49
markets Digital Strategy Diablo Experts PAM Diablo 3 Season 34: Light’s Calling: Here’s start and end date, theme and gameplay
Light’s Calling, continues Diablo 3’s tradition of bringing back popular seasonal themes.
16.01 / 16:49
markets UPS Digital Platform inclusion Jio advances 5G and AI technologies, strengthens digital inclusion in India, shows Q3 result
Jio continues to expand its True5G network, with over 170 million subscribers now on the platform, accounting for 40% of its wireless traffic, the company said in its quarterly (Q3) result.
16.01 / 16:49
markets UPS Strategy Highways Death country Faulty road construction should be made non-bailable offence: Highways Minister Nitin Gadkari
Road Transport and Highways Minister Nitin Gadkari on Thursday said faulty road construction should be made a non-bailable offence and road contractors and engineers should be held responsible for accidents and sent to prison. Addressing an event organised by industry body CII, Gadkari further said India is number one in road accidents in the world.
16.01 / 16:49
markets Digital Platform Sustainability WhatsApp wellness reports Jio Platforms reports 26% net profit growth in Q3 driven by tariff hikes and subscriber increases
Reliance Industries’ telecom and digital properties, posted a 25.95% on-year rise in net profit in the fiscal third quarter, on the back of the tariff hikes of July 2024, subscriber additions and strong data usage growth. The rate hikes helped Jio grow average revenue per user(ARPU) 4.2% on-quarter to Rs 203.3. But the full beneficial impact of the price hikes will be staggered, and likely to come through Q4FY25 and Q1FY26, since Jio has a higher share of subscribers on longer-validity plans compared to Bharti Airtel or Vodafone Idea.
16.01 / 16:49
markets Digital Strategy Experts PAM Department Reliance to bring American luxury retailer Saks Fifth Avenue, enters into franchise agreement
Reliance Retail as part of its expansion into the luxury segment is introducing Saks Fifth Avenue, an American luxury department store chain to the Indian market… Its "premium brands business entered into India franchise arrangement for Saks Fifth Avenue," said Reliance Industries in its earning statement on Thursday.
16.01 / 16:49
markets Digital Strategy Experts PAM Six Arambai Tenggol suspects and two KCP (PWG) militants arrested in Manipur over abduction, drug trafficking
Guwahati: Six suspected members of Arambai Tenggol, a radical group of majority Meitei, and two active members of the Kangleipak Communist Party (Progressive Wing Group) militant outfit were arrested in Manipur.
16.01 / 15:33
security Analysis Research Trade Experts reports rights Bank of Maharashtra achieves 36% profit growth amidst strict underwriting standards
Bank of Maharashtra managing director Nidhu Saxena said that he would not mind compromising growth a bit to maintain high asset quality. «We have stressed upon the quality of advances. However, we are happy that the bank achieved 21% advances growth despite stricter underwriting standards.» The state-owned lender reported a 36% year-on-year rise in net profit at Rs 1406 crore for the December quarter while operating profit rose 14.5% at Rs 2303 crore.
16.01 / 15:33
markets UPS TikTok social Features Videos Duolingo sees 216% rise in new US users learning Mandarin. Why are Americans learning Chinese?
TikTok ban looms in US, users in America are turning to another Chinese app- Xiaohongshu also known as RedNote. Since Shanghai-based RedNote is tailored for a Chinese audience, its default language is Mandarin. This has driven a surge of US users to Duolingo for a crash course in Mandarin.
16.01 / 15:33
markets UPS Action Food Experts show Schools FDA bans Red Dye No. 3 – Is your favorite snack on the list? Find out here
US Food and Drug Administration (FDA) has banned the use of Red Dye No. 3 in food, beverages, and ingested medications. The synthetic colourant, also known as erythrosine, has been linked to cancer in animal studies, a connection that has prompted concern from public health advocates for over 30 years. The FDA’s decision follows increasing pressure from health organisations and a petition filed in November 2022 by multiple groups, including the Centre for Science in the Public Interest and the Environmental Working Group.

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