Israel Financial News

₹7.59 lakh crore on Monday as the equity market took a heavy drubbing amid escalating tensions in the Middle EastThe 10-year Treasury yield eased on Tuesday after hitting its highest level since 2007 a day before and was at 4.82%. Another drop in oil prices helped to ease the pressure on inflation.Oil steadied after falling more than 6% over the previous three sessions on signs the Israel-Hamas war will remain contained for the time being.Tata Consultancy Services (TCS) Ltd is revising the rates it pays to about 1,000 staffing firms for every engineer deployed, the first such revision by India’s largest information technology (IT) services company in the past six years.The Mumbai-based company communicated to the staffing firms last month that the new pricing structure for engineers, depending on the skill sets, will be effective from January, according to two executives privy to the development.“The vendor contracts get renewed every September/October and are valid for a year.

Investing.com-- Oil prices fell slightly on Wednesday, extending sharp losses after a swathe of weak economic readings raised concerns over demand, although other data showed a sustained decline in U.S. inventories.

Massachusetts Sen. Elizabeth Warren is at it again. With mainstream press outlets including Germany’s Deutsche Welle running sensationalist headlines — “How cryptocurrency fueled Hamas’ terrorist attack” — Warren is using Hamas’ attack on Israel to fuel her own war on cryptocurrency.

Track our LIVE coverage of the Israel-Hamas War here On the other hand, rallies, and support in favour of Palestine have also increased in several Middle East countries. On the situation, the Israeli ambassador to the United Nations has on October 24 demanded that Secretary-General Antonio Guterres immediately resign for showing understanding to the mass murder of children, women, and the elderly people of Israel. Guterres’s statement also provoked Israeli Foreign Minister Eli Cohen to cancel a meeting with him.

United Nations meeting on Tuesday. It declared that the war in Gaza is not only its war but “the war of the free world". Eli Cohen, Israeli Foreign Minister also dismissed calls for ‘proportionality’ in the country's response to Hamas' surprise attacks on Israel on October 7 that killed 1,400 people and led to over 5,700 Palestinian deaths in Gaza, according to The Associated Press reports.

Bloomberg reported. This demand followed a day of intense debates at the Security Council regarding the escalating violence that has the potential to ignite a regional conflict. “And those appalling attacks cannot justify the collective punishment of the Palestinian people," Guterres told the Security Council.

Israel. In a post on X (formerly Twitter), Ambassador Gilad Erdan wrote, “The @UN Secretary-General, who shows understanding for the campaign of mass murder of children, women, and the elderly, is not fit to lead the UN. I call on him to resign immediately." "There is no justification or point in talking to those who show compassion for the most terrible atrocities committed against the citizens of Israel and the Jewish people.

Washington | Venture capital investor DYNE Maritime has launched a $US100 million ($157 million) fund to invest in maritime technologies related to the AUKUS military intelligence sharing pact.

Top Wall Street bankers said they’re pessimistic about the outlook of the global economy next year with elections in the US, monetary policies and escalating Middle East tensions weighing on sentiment. 

Top Wall Street bankers said they’re pessimistic about the outlook of the global economy next year with elections in the U.S., monetary policies and escalating Middle East tensions weighing on sentiment. 

Global bond markets rebounded, with the US 10-year yield sliding to 4.8%, amid growing speculation that the recent selloff was excessive. Nasdaq 100 index futures rose ahead of earnings from Microsoft Corp. and Alphabet Inc.

Investing.com — Investors who rushed into oil thinking it could be a hedge to the Israel-Hamas war are beginning to find out that black gold isn’t quite the haven as gold itself is reputed to be.

WASHINGTON (Reuters) — The White House will request another supplemental spending package this week to address child care, disaster relief, and other priorities, White House spokesperson Karine Jean-Pierre said on Tuesday.

Palestinian refugees warned it would be forced to stop working across the Gaza Strip on Wednesday unless there were urgent fuel deliveries to the war-torn territory. «If we do not get fuel urgently, we will be forced to halt our operations in the Gaza Strip as of tomorrow night,» UNRWA said on X, formerly Twitter, on Tuesday. Aid agencies have sounded the alarm about the lack of fuel, which is used to power vital services in Gaza such as hospitals which are relying on generators. «Time is running out.

MUMBAI : Retail investors who entered the market in the past two months through September will be worst affected if the broader market indices pull back further from current levels amid surging bond yields in the US and the Israel-Hamas war in West Asia. According to National Stock Exchange (NSE) data, retail investors who directly buy and sell shares on its secondary market made net purchases for a second straight month in September, amounting to ₹7,500 crore.

Hamas garb rode south along Sofa Street on a motorbike.The sky was clear. The road was empty.

Isaiah Samad was looking for an alternative to Twitter earlier this year, growing tired of everything from “hot takes" and “rage bait" that he felt had grown too common on the site. After signing up for Meta Platforms’ Threads when it launched in July, he noted a more welcoming, positive atmosphere on the app and eventually deactivated his account on X, previously known as Twitter. Samad is one of about 10 million daily active users globally, including many who have flocked to Threads as an alternative to Elon Musk’s X, in search of what they describe as civil discourse.

The war between Israel and Palestine-based militant group Hamas has escalated to an unprecedented level. What started on October 7 with Hamas militants attacking Israel is now dragging international players into its ambit. With the world watching this war carefully, Israel is expected to commence a ground invasion against Hamas militants, which the US fears could widen the conflict in the region. 

Ukraine’s leader says Russian naval assets are no longer safe in the Black Sea near Crimea

Amid the ongoing Navratri festival in India, there has been a surge in Gold prices. At the time of writing today (October 23), 24-carat gold was selling at Rs 6145 per gram in Mumbai, up by around Rs 1350 per gram since October 17. The eruption of a fresh conflict in West Asia is being seen as the prime reason behind the recent surge in Gold prices.

Israel Hamas War: Why Investors Are Rushing To Buy...