Israel Financial News

Gaza overnight, half of them women and children, health officials said Thursday. European foreign ministers and U.N. agencies called for a cease-fire, with alarm rising over the worsening humanitarian crisis and potential starvation in the territory. Tensions were also rising in the Israeli-occupied West Bank, where three Palestinian gunmen on Thursday opened fire on morning traffic at a highway checkpoint, killing one person and wounding five others, Israeli police said.

Red Sea. Whereas, trade in sectors like metals and textiles are the least affected sectors because of the Red Sea crisis. Also Read: Red Sea crisis: Canada asks Beijing to influence Houthis, 'It's in China's interests' The report pointed out that a sustained disruption in trade routes may lead to extended delays in the delivery of goods, hence impacting players within the capital goods sector.

Houthi attacks on commercial ships in the Red Sea, in reprisal for Israeli bombing of Gaza, continue unabated and the disruption they are causing is beginning to pinch. As the crisis enters its fourth month, Mint looks at the impact on India and the sectors that have been hit. There are no signs at all of any improvement.

The escalating risk of a direct military confrontation between the US and Iran is hitting the Middle Eastern country's economy hard: its currency the rial has been tumbling against the US dollar in recent months. 

Grasim Industries share price has seen almost 40% rise as it scaled 52-week high on Thursday. The launch of Paint business is adding to optimism on earnings growth.

Two significant political events will intersect Saturday—the South Carolina Republican presidential primary and the second anniversary of Vladimir Putin’s invasion of Ukraine. The coincidence goes beyond this weekend. In the grand opera that congressional Republicans have become, no major legislation can pass until Donald Trump sings.

Bharat Dynamics has pared its revenue guidance to ₹2,900 crore - ₹3,000 crore from ₹3,200 crore in FY24 versus, implying a 21% growth versus FY22, according to a report by Elara Capital. The brokerage estimates of ₹3,180 crore revenue. The company expects revenue to grow to ₹4,000 crore in FY25E and to ₹5,000 crore in FY26, led by execution of Astra Mk1 Beyond Visual Range Air-to-Air Missile (BVRAAM), ATGM, Akash, and exports.

G20 Foreign Ministers meeting in Rio, Union Minister of State V Murleedharan on Thursday had a brief discussion with the United States Secretary of State, Antony Blinken. «A brief chat with US Secretary of State Antony Blinken on the sidelines of G20 Foreign Ministers' Meeting in Rio,» the MoS posted on X. Notably, Brazil assumed the presidency from India on December 20, 2023, and the G20 Foreign Minister's Meeting would be the first ministerial meeting under the Brazilian Presidency, the Ministry of External Affairs said in an official release.

World Food Programme has stopped deliveries into Northern Gaza citing Israeli gunfire and a ‘collapse of civil order’. This in turn has triggered a severe food and hunger crisis in Gaza. Visuals have emerged of the deplorable condition in Gaza, wherein Palestinians have resorted to scraping spilled flour off open roads and putting them in pockets to be consumed later.

Investing.com-- Oil prices moved little in Asian trade on Thursday, as signs of another outsized build in U.S. inventories offset bets on tightening global supplies due to disruptions in the Middle East. 

Gold prices edged up on Thursday supported by safe-haven demand amid rising geopolitical tensions in the Middle East and a softer dollar, while minutes of the latest U.S. Federal Reserve meeting dampened hopes for an early interest rate cut. FUNDAMENTALS

An Israeli sabotage attack on an Iranian natural gas pipeline has caused the multiple explosions last week

Spain's prime minister has visited Morocco as the two nations reckon with a spike in migration to the Canary Islands and a Europe-wide debate and protests about agricultural regulations and imports

By David Shepardson

By Steve Gorman

Investing.com — Nvidia (NASDAQ:NVDA) will unveil one of the most hotly-anticipated earnings releases in recent memory after the U.S. market close on Wednesday, with analysts hoping that the artificial intelligence chipmaking giant posts a more than three-fold jump in revenue.

Red Sea crisis has led to a sustained disruption in trade routes. This delays timely delivery of goods due to attacks by Houthi rebels in Yemen on cargo ships plying waters connecting Asia with Europe and the United States (US). As a result, traffic is being forced away from the Suez Canal and redirected around the tip of Africa, the market intelligence and analytics arm of CRISIL said in a research note. These developments hold the potential to significantly impact players within the capital goods and fertiliser sectors. Commenting on the Capital goods sector, CRISIL said, “The ripple effect of such disruptions extends to various facets of the industry, potentially leading to an undesirable inventory build-up. This accumulation can, in turn, exert pressure on the operational efficiency of engineering, procurement and construction companies.”

₹1.64 trillion for fertilizer subsidy. India already has entered into long-term agreements with Morocco, Senegal, Israel, Oman, Canada, Saudi Arabia and Jordan in the past two years as part of this playbook. Though India is moving toward gaining self-sufficiency in urea, it still depends on imports to meet its rock phosphate demand.

BSE Sensex ended lower by 434.31 points or 0.59% at 72,623.09 level while the Nifty 50 closed at 22,055.05 level, down 141.90 points or 0.64%. On the broader market front,the Nifty Small Cap 100 dropped 1.04% and the Nifty Midcap 100 indexes was down by 1.25%.

ceasefire in Gaza amid the Israel-Hamas conflict, Reuters reported. The resolution, put forward by Algeria, sought an immediate humanitarian ceasefire, while the US has pressed for a temporary ceasefire tied to the release of hostages held by Hamas.

Tron blockchain network, a decision the company said on Wednesday «aligned with its efforts to ensure that USDC remained trusted, transparent and safe». Boston-based Circle said in a blog that, effective immediately, it would no longer mint USDC tokens on Tron, a fast-growing platform widely used for transferring stablecoins whose founder is facing regulatory problems in the United States.