Israel Financial News

Israel did not stop its assault on Gaza then the conflict could widen into a regional war. Sayyed Hassan Nasrallah, in his first speech since the Israel-Hamas war erupted on Oct. 7, also threatened the U.S., Israel's main ally, hinting his Iran-backed paramilitary group was ready to confront U.S.

The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) issued an alert on October 20, 2023, aimed at assisting financial institutions in identifying funding streams that support the terrorist organization Hamas. This move comes after a devastating attack on Israel on October 7, 2023, orchestrated by Hamas, which resulted in significant casualties, including U.S. citizens.

PM Modi talks to UAE president, urges ‘need for early resolution’ in Israel-Hamas war Concerns about a potential spillover in the Middle East have continued to grow as Iran-backed Hezbollah continues to trade fire with Israeli forces. While Nasrallah stopped short of announcing complete engagement in the Israel-Hamas war, he said that fighting along the Lebanon-Israel border would “not be limited" to the scale seen until now.

Narendra Modi on Friday discussed the situation in West Asia with UAE President Mohamed bin Zayed, and said they shared deep concerns over terrorism, the deteriorating security scenario and the loss of civilian lives in the region. In a post on X, Modi said they agreed on the need for early resolution of the security and humanitarian situation and that a durable regional peace, security and stability is in everyone's interest.

Catch LIVE updates on Israel-Hamas war here Israel's Benjamin Netanyahu, who has “vowed to eliminate Hamas" and “not to stop unless he sees victory" has ordered a complete seize of the Gaza Strip blocking their fuel, food, and water. This led to a severe shortage of fuel in the Palestinian city, causing 16 hospitals to shut down.

Narendra Modi held a conversation with the president of United Arab Emirates (UAE) Mohamed bin Zayedon Friday. They discussed the war between Benjamin Netanyahu's Israel and Hamas fighters from Gaza that has been going on for 28 days, and has claimed lives of over 9,200 Palestinians.

Hezbollah chief Hassan Nasrallah on Friday will break weeks of silence since war broke out between Hamas and Israel, in a speech that could impact the region as the Gaza conflict rages. After Hamas militants launched an unprecedented October 7 attack on Israel from the Gaza Strip, Lebanon's southern border has seen escalating tit-for-tat exchanges, mainly between Israel and Hezbollah, an ally of the Palestinian group, stoking fears of a broader conflagration. The cross-border attacks heated up Thursday, as Israel responded with a «broad assault» after Hezbollah attacked 19 Israeli positions simultaneously, according to the group. Rockets also hit the Israeli town of Kiryat Shmona near the border in a barrage claimed by the Lebanese section of Hamas's armed wing. Iranian Foreign Minister Hossein Amir-Abdollahian has warned that «the region is like a powder keg» and that «anything is possible» if Israel does not stop attacking Gaza. US President Joe Biden has sent two aircraft carrier groups to the eastern Mediterranean and warned Hezbollah and others to stay out of the conflict. «We've got significant national security interests at play here,» US National Security Council spokesman John Kirby told reporters. «I don't believe we've seen any indication yet specifically that Hezbollah is ready to go in full force.

The Israel-Hamas war could have a significant impact on economic growth and inflation in the euro zone unless energy price pressures remain contained, according to Goldman Sachs.

Technical factors no longer stand in the way of a year-end rally in the S&P 500 index, according to Bank of America Corp.’s Michael Hartnett.

I continue to think about the fault lines exposed by what has happened in Gaza, including the generational division on support for Israel. Political splits between old and young aren’t new. May 1968 in France was a split between college students and their elders and it was fierce and culture-changing.

Additions: According to InCred, the recent stock price correction has given an opportunity to upgrade 3 stocks to the ‘high conviction list’ – Cyient DLM, Data Patterns, and Tech Mahindra. It has included Data Patterns (ADD) for the benefits of increasing in-house product development and annuity-based exports.

By Jeslyn Lerh

US Federal Reserve left policy rates unchanged on Wednesday, November 1, at a 22-year high level of 5.25-5.50 per cent. The US weekly jobless claims data on Thursday showed the number of Americans filing new claims for unemployment benefits increased moderately last week, according to a Reuters report. "Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 217,000 for the week ended October 28.

Adani Ports and Special Economic Zone Ltd (APSEZ) handled 37 MMT of total cargo in October 2023, a growth of 48% year on year. APSEZ is the biggest integrated transport utility in India and a part of the diversified Adani Group. The total cargo volume of Adani's ports in India cross the 35-MMT mark to touch 36 MMT, which is a first for the company. As per a company statement, the Haifa Port in Israel handled over 1.1 MMT of cargo in October, marginally better than the average cargo volume run rate of the last six months. Overall, in the initial seven months of FY24 (April-October 2023), APSEZ handled 240 MMT of total cargo, an 18% Y-o-Y growth.

Investing.com-- Gold prices steadied on Friday as traders hunkered down before key nonfarm payrolls data, with the yellow metal headed for a weekly loss as risk appetite improved in the wake of dovish signals from the Federal Reserve.

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stocks and raised bets on IT stocks in the September quarter. An analysis of shareholding patterns of BSE-listed companies shows that LIC dumped at least 84 stocks like Tata Motors, Reliance Industries (RIL), Dr. Reddy's Laboratories, TVS Motor, Dixon, ONGC, Reliance Power and Tata Elxsi. Of particular interest was LIC's strategy in dealing with banks and IT stocks.

Bitcoin's price has risen strongly in recent weeks with the United States possibly set to allow a popular type of trading in the cryptocurrency that would further normalise the asset. A 30-percent jump since the end of August has been driven by speculation around the creation of a so-called exchange-traded fund for the asset, which would directly track the price of bitcoin. Spot bitcoin ETF would allow more of the general public to invest in the cryptocurrency without having to directly buy it. «Approval is now (a matter of) when, not if,» Charles Morris, founder of crypto analyst group ByteTree, told AFP.

cryptocurrency exchange, was on trial on fraud charges, the tech industry:

Investing.com-- Oil prices steadied in Asian trade on Friday after a weakened dollar and easing concerns over the Israel-Hamas war spurred wild swings over the prior sessions, although they were still set to close lower for a second straight week.

Oil prices were little changed on Friday, heading for their second straight week of losses as the U.S. central bank left the door open for possible future rate hikes and worries that the Middle East conflict would disrupt supply eased. Brent crude futures rose 6 cents to $86.91 a barrel by 0010 GMT, while U.S.