Usa Financial News

STOCKHOLM (Reuters) — Alecta's chairperson Carina Akerstrom has resigned only a week after she started in the position, the Swedish pension fund said on Sunday, adding it had reinstated its former interim chair.

Madhya Pradesh, on March 1-2 attracted investment proposals of over ?1 lakh crore, with domestic conglomerate Adani, multinational company Pepsi and Singapore's electronic group Samcom participating in the event. Among the major investors, Adani has promised Rs 75,000 crore of investment, Pepsi has proposed Rs 1,250 crore investment in Vikram Udyogpuri of Ujjain, LTI Mindtree has inked an memorandum of understanding to invest Rs 500 crore and Singapore's Samcom expressed interest in wind and solar energy projects. The event attended by Madhya Pradesh chief minister Mohan Yadav witnessed participation from delegates from developed countries like the US and UK, African nations and Asian countries.

April 2024 approaches, Netflix users in the United States are gearing up to bid farewell to a slew of movies and series, including a significant portion of the DC movie library and all six seasons of the beloved series Community. Here's a detailed look at what's leaving the streaming platform next month, as per a What’s on Netflix report.

diamond houses in India were alerted over the weekend that missing paper trails and sloppy records would land them in trouble under the new sanctions regime that began on March 1 to block Russian gems from the affluent western markets. The discreet, quaint world of diamonds, where close-knit jewellers and diamantaires cut deals in old-fashioned ways, is scanning a new, unfamiliar compliance mechanism that could change the way they have been doing business for ages. If local firms, which cut and polish eight out of 10 diamonds mined in the world, fail to generate and safekeep documentary evidence that the rough stones and jewellery did not originate in Russia, they could come under serious scrutiny. Cautioning them about the pitfalls, the apex trade body has circulated the various guidelines and formats of self-declarations that diamond firms shipping to the US and EU must share with their buyers to avoid trouble.

Federal Reserve Chair Jerome Powell is expected to double down on his message that there’s no rush to cut interest rates, especially after fresh inflation data showed that price pressures persist. Powell is headed to Capitol Hill, where he’ll deliver his semiannual monetary policy testimony to a House committee on Wednesday and a Senate panel on Thursday. The US central bank chief and nearly all of his colleagues have said in recent weeks that they can afford to be patient in deciding when to cut rates given underlying strength in the US economy.

Mint looks deeper into the third quarter performance and the prospects for the next few quarters. After strong growth in the first two quarters of 2023-24 (8.2% in Q1 and 8.1% in Q2), it was expected that the economic expansion will moderate to 6.5% levels in the third quarter. This was because manufacturing, mining and electricity sectors were showing signs of weakness, and an uneven monsoon was hurting agricultural output.

ALSO READ: Fed’s Jerome Powell to double down on ‘no rush to cut’ message Data on factory orders for January and a report on ISM services for February will be released on March 5. Fed chair Jerome Powell’s congressional testimony is scheduled for two days March 6 and 7. March 7 will also see the release of data on US trade balance for January.

Volodymyr Zelenskyy on Saturday called on the West to rapidly deliver more air-defence systems as a wave of Russian missile, drone and artillery strikes killed at least 11 people. Eight were confirmed dead, including a child and a baby, after an overnight drone strike on the southern port city of Odesa, a regional official said. Separate shelling attacks on the frontline regions of Kharkiv in the northeast and Kherson and Zaporizhzhia in the south killed another three people, Ukrainian officials said. «Russia continues to hit civilians,» Zelenskyy said in a post on social media.

Yogurt sold in the U.S. can make claims that the food may reduce the risk of type 2 diabetes, based on limited evidence, the U.S. Food and Drug Administration said Friday. The agency agreed that there is some evidence, but not significant scientific agreement, that eating at least 2 cups of yogurt per week may reduce the chance of developing the disease that affects about 36 million Americans. FDA has allowed qualified health claims — a claim that lacks full scientific support but is allowed as long as there are disclaimers to keep from misleading consumers — for dietary supplements since 2000 and foods since 2002. The agency had faced lawsuits that challenged the standard of requiring scientific agreement based on claims that it violated free speech guarantees.

Goldman Sachs, which coined the term BRICS, has come up with monikers for stocks driving stock market rallies in Europe and Japan, alongside the US' 'Magnificent Seven' — Apple, Microsoft, Alphabet, Amazon, Tesla, Meta and Nvidia. European 'Granolas' — GSK, Roche, ASML, Nestle, Novartis, Novo Nordisk, L'Oreal, LVMH, AstraZeneca, SAP and Sanofi — are a more diversified grouping than the US tech constellation. Yet, the 11 companies are still tightly packed around lifestyle, with the occasional presence of software.

By Maha El Dahan and Alex Lawler

By Stephanie Kelly

OPEC and allies led by Russia (OPEC+) have agreed to extend voluntary first-quarter oil output cuts into the second, sources said on Sunday. OPEC+ in November agreed to voluntary cuts totalling about 2.2 million barrels per day (bpd) for the first quarter, led by Saudi Arabia rolling over its own voluntary cut. OPEC+ has implemented a series of output cuts since late 2022 to support the market amid rising output from the United States and other non-member producers and worries over demand as major economies grapple with high interest rates.

India is expected to be fast-tracked now that the major hurdle of mandatory 30 days of Congressional notification is likely to pass without any objection from the lawmakers on Sunday, but for the routine procedural matters posed by the upcoming general elections. The Defence Security Cooperation Agency (DSCA) notified the US Congress in February about the determination of the State Department of a possible Foreign Military Sale to India of 31 MQ-9B Remotely Piloted Aircraft and related equipment for an estimated cost of USD 3.99 billion. The 31 MQ9-B SkyGuardian Drones itself cost USD 1.70 billion, while the rest of the services including technology and equipment are estimated to cost USD 2.29 billion. In addition to 31 MQ-9B SkyGuardian Aircraft, the proposed deal includes 161 Embedded Global Positioning & Inertial Navigation Systems (EGIs), 35 L3 Rio Grande Communications Intelligence Sensor Suite. «This sale is necessary in furtherance of the US foreign policy and national security objectives,» the notification said.

Spanish woman in Jharkhand sent shockwaves around the country, Chairperson of National Commission for Women has criticised a writer from US who said that he never met a female traveler who had not been groped or assaulted or worse, even if they had only been in country for mere days. «Did you ever report the incident to Police? If not than you are totally an irresponsible person. Writing only on social media and defaming whole country is not good choice,» said Rekha Sharma. Rekha Sharma was responding to a journalist who narrated his experience of visiting India.

Sex and the City', all six seasons of the beloved HBO series are set to premiere on Netflix come April 1, 2024. The eagerly awaited arrival promises a trip down memory lane, capturing the essence of New York City through the eyes of the fearless foursome—Carrie Bradshaw, Miranda Hobbes, Charlotte York, and Samantha Jones.

Cuba’s economy is in its worst state since the collapse of the Soviet Union in the 1990s. Even the official figures—which one Western businessman in Havana, the capital, describes as “an exercise in a cover-up"—make grim reading. Annual inflation, according to the government, is at 30%.

WASHINGTON : Presidential contenders Donald Trump and Nikki Haley will face off in the Washington, D.C., Republican primary on Sunday, a small-stakes contest that could be one of Haley's best shots to score a win over the former president. The United States' capital city only sends 19 out of 2,429 delegates to the Republican National Convention in July, where the nominee is formally selected. Sunday's results are unlikely to change the trajectory of a race that Trump appears to have stitched up, having won all the previous nominating contests.

There is a correction seen in mid- and smallcap stocks and it is expected to continue, with regulators urging disclosure of associated risks to AMCs.

₹1,340 crore on Google and issued a cease and desist order to remove its monopolistic practices. India is not the only jurisdiction where Google’s Play Store is facing accusations of monopolistic practices. Last December, Google’s Play Store and billing service faced charges of being an illegal monopoly at a US district court.

lettuce from E. coli contamination, but not kale and collards — types of saag — a new research has found. Seeing outbreaks on lettuce but not on kale and other brassica vegetables like broccoli, cabbage, cauliflower, collard greens and others, researchers analysed the tendencies of leafy greens to get infected with E. coli, or Escherichia coli, a bacterium species found in lower intestines of humans. While generally harmless, some of its strains are occasionally responsible for food contaminations and can cause food poisoning. The researchers at the University of Illinois at Urbana-Champaign, US, infected whole leaves from five leafy greens — romaine lettuce, green-leaf lettuce, spinach, kale, and collards — with E. coli (serotype O157:H7) and observed what happened after storing them under these temperatures — 4 degrees Celsius (refrigeration), 20 degrees Celsius (room temperature) and 37 degrees Celsius (normal body temperature). Overall, a combination of both temperature and leaf surface properties such as roughness and the natural wax coating were found to govern susceptibility to the bacterial contamination, the researchers found.