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(Reuters) -American Express missed estimates for fourth-quarter profit on Friday as the credit card giant braced for a jump in potential loan defaults, underscoring the hit to customers' financial health from elevated interest rates.

(Reuters) — Remy Cointreau's shares had their best day in over two decades on Friday, surging as much as 17% after the French spirits maker's commentary on China and the United States helped to lift some of the investor gloom over these two key markets.

TAIPEI (Reuters) — Taiwan's defence ministry said it detected 23 Chinese air force planes operating around Taiwan and carrying out «joint combat readiness patrols» with Chinese warships on Friday, ahead of high-level China-U.S. talks in Thailand.

By Marisa Taylor

Voters in New Hampshire shared whether the state of the economy was a concern for them ahead of the 2024 election, with some citing continued high costs.

Investing.com — U.S. stock futures traded lower Friday, with sentiment hit by disappointing guidance from chip manufacturer Intel as investors awaited the release of key inflation data.

Kadan Stadelmann, CTO of open-source technology provider Komodo Platform, talked to Cryptonews about the current crypto investment sentiment, incoming “major” institutional investments, and the renewed rise of decentralized finance (DeFi).

Europe, the largest market for sustainable funds, saw a decrease in net inflows in the fourth quarter, attracting only $3.3bn.

Chinese car companies are making strides with their stable supply chains and competitive pricing, their low brand awareness and perceived reliability, durability, and safety challenges in the United States may hinder their progress in winning U.S. market share, according to industry experts. Musk's comments coincide with the U.S.

FPIs) have withdrawn ₹12,140 crore from Indian equities this week alone. Also Read: FII selling in Indian stock market may continue despite ₹27,000 crore outflow in Jan so far, say analysts; here's why The Q3 FY23 earnings season, thus far, has failed to provide the robust momentum needed to boost investor sentiment. Banks are grappling with tightening credit costs, adversely affecting their Net Interest Margins (NIMs).

Perfios Software Solutions Pvt., an Indian technology company backed by Warburg Pincus, is considering an initial public offering that could raise about $500 million in India, according to people familiar with the matter. A potential IPO could value the Bangalore-based company at about $2 billion, the people said, asking not to be identified because the deliberations are private. Perfios is seeking to hire banks to help arrange a share sale that could take place as early as this year, the people said.

Russian power providers say crypto miners are to blame for “mass” electricity outages during recent cold snaps.

The U.S. Securities and Exchange Commission (SEC) delayed its decision on an application by crypto asset manager Grayscale Investments to convert its Ethereum trust product into a spot exchange-traded fund (ETF) on Thursday, as per a Reuters reported.

UBS is still knee-deep in its oak-to-bonsai trimming of Credit Suisse’s investment bank, but the lopped-off bankers have options. Santander is picking them up. 

Republic Day 2024 LIVE updates Besides, Ambassador Sibi George unfurled the tricolor in front of the Indian Embassy in Japan. Happy Republic Day 2024: Wishes and quotes to mark the 75th Gantantra Diwas Embassy of Russia in India held celebrations on 75th Republic Day. Ukraine Embassy in India also wished 'Happy Republic Day' on the X platform.

US-based Forbes Global Properties on Wednesday announced its entry into the Indian real estate market with the launch of India Forbes Global Properties, and claims to set a global benchmark of luxurious living in India. In the initial stage, the company plans to build two projects – one in Mumbai and another in Delhi — and will offer brokerage and financial services, among others.

 USA? American football

US Federal Reserve should start cutting interest rates soon, says Bill Gross In the beginning of 2023, the US was widely tipped to fall into a recession as the Federal Reserve jacked up interest rates to combat an inflation scourge not seen in decades. On the other hand, China was expected to experience a rip-roaring recovery as it reopened its economy fully to commerce after the Covid-19 lockdown. Mint Explainer | How China fumbled the bag with its economy post-Covid However, this week's GDP data showed that the US economy ended the year with a bang, growing 3.3% in real, inflation-adjusted terms in the fourth quarter after expanding 4.9% in the third.

MSCI's broadest index of Asia-Pacific shares outside Japan held broadly steady and was on track for a weekly gain of 2%. Trading was thinned with Australia out on a holiday. Chinese stocks looked set to end the week on a strong footing as a wave of policy support from Beijing restored fragile investor confidence and put a floor under its sliding stock market. The blue-chip index rose 0.03% and was eyeing a 2% weekly gain, while the Shanghai Composite edged 0.3% higher, putting it on track for a 3% weekly rise, its largest since July 2023. Hong Kong's Hang Seng Index eased 0.41%, but was still more than 5% higher for the week, also its best performance since last July. In an attempt to shore up its fragile economic recovery, China's central bank announced a deep cut to bank reserves on Wednesday, in a move that will inject about $140 billion of cash into the banking system. Those came a day after Bloomberg News reported Chinese authorities are seeking to mobilise about 2 trillion yuan ($278.98 billion), mainly from the offshore accounts of Chinese state-owned enterprises, as part of a stabilisation fund to buy shares. «We remain cautious on China, in line with our view for several years,» said John Pinkel, a partner and portfolio manager at Indus Capital. «We see evidence of selling induced by structured 'snowball' products, especially from onshore China sources.

Catch the live-action here.Republic Day 2024 LIVE: US State Department Principal Deputy Spokesperson Vedant Patel said during a press briefing on Thursday (US local time) wrote, "I would just note that - would wish a happy Indian Republic Day to anybody tuning in. India is a country - it is a key strategic partner of the United States and one that we look forward to closening our collaboration in a number of key areas on. And this is - was quite indicative in - during Prime Minister Modi's state visit here to the United States this past summer."Republic Day 2024 LIVE: This Republic Day send the best wishes to your colleagues, clients, and customers to invoke a feeling of gratitude in them for the great freedom fighters who blessed us with this great Constitution.Top 10 messages you can send to wish Happy Republic Day:1.

Morgan Stanley Chairman James Gorman's compensation jumps 17% to $37 mn in 2023 Piepszak, 53, succeeded Lake as CFO, capping a relatively quick ascent into the realm of potential Dimon successors, and she has gained momentum as the top candidate in the years since. Her new role broadens her experience on the Wall Street side of the house, where she started her career before making a rare leap to the consumer side more than a decade ago. Rohrbaugh, 53, rose through JPMorgan’s bond-trading apparatus to become global head of markets in 2019.