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The Economist called it “philanthrocapitalism". Two decades on, however, it has become clear that all this paperwork puts the brakes on giving. The 400 richest Americans have given away just 6% of their combined fortunes, according to Forbes.

MUMBAI : Reserve Bank of India governor Shaktikanta Das said the central bank is waiting for the right time to increase the overseas investment limit for domestic mutual funds, which is currently capped at $7 billion for the entire industry. The RBI governor said although the rupee has stabilized after it was under pressure at the start of the Russia-Ukraine war, RBI is still waiting for the right time to revise the overseas investment limit for mutual funds.

₹10 billion ($120 million) to commit to giving away a quarter of their wealth. Governments are doing their part to encourage giving, too. In Singapore, a financial hub where many well-off Asians store their wealth, the government has used a series of tax incentives to promote the city-state as a centre for philanthropy.

The Ethereum price has surged by 10% in the past 24 hours, rising to $2,656 on the day after the SEC approved its first ever batch of spot-based Bitcoin ETFs.

SEC Commissioner Mark Uyeda, while voting in favor of these landmark approvals, has  publicly voiced reservations  regarding the decision-making process adopted by the commission.

Investing.com — U.S. futures edged higher Thursday, ahead of the release of the December inflation data which could guide market expectations over potential Federal Reserve rate cuts this year.

Both Morgan Stanley and Bank of America released notes covering Amazon (NASDAQ:AMZN) on Thursday, maintaining their bullish stances on the stock.

By Elizabeth Howcroft and Hannah Lang

Money market funds suffered a reversal of fortunes, slipping to outflows in November as a net £319m left the asset class, the worst performing for the month.

The Ramsey Show co-host George Kamel reacts to Guy Fieris stance on leaving his fortune to his kids and how to avoid overspending and credit card debt.

Lyft Inc (NASDAQ:LYFT) shares dipped 1.4% in early Thursday trade after Goldman Sachs analysts lowered their rating to Sell.

The latest survey from Morgan Stanley shows that the annual acceleration of IT budgets in 2024 is projected to be underpinned by the robust strength of secular trends, particularly in Generative AI (GenAI) and the Public Cloud.

All eyes are turned on the upcoming release of the US inflation report scheduled for 13:30 GMT, with the potential to ignite much-needed volatility for the US dollar index and FX markets in general after a rather subdued period so far this week.

Investing.com — U.S. stock futures edged higher Thursday, adding to the previous session’s gains ahead of the release of key U.S. inflation numbers for December, which could play into how the Federal Reserve approaches potential interest rate reductions this year. 

Investing.com-- Most Asian stocks rose on Thursday after a bruising start to 2024, with focus squarely on key U.S. inflation data for more cues on interest rate cuts, while Japan’s Nikkei 225 index extended its run of stellar gains after hitting multi-decade highs this week.

Ether, the second-largest cryptocurrency, emerged as one of the biggest beneficiaries of the decision by US regulators to approve the country’s first spot-bitcoin exchange-traded funds.

international students. As we anticipate the trends shaping the landscape in 2024, it is increasingly clear that India's impact on the international student demographic is particularly profound in Australia, Canada, the UK, and the United States. Australia, for instance, has identified India as its second-largest market for international students, with China still holding the dominant position.

rupee ended little changed against the dollar on Thursday, ahead of the key U.S. inflation data that could potentially help investors reassess the outlook for interest rates in the world's largest economy. The rupee was at 83.0275 to the dollar compared with 83.0250 in the previous session. The rupee had, in intraday trades, risen to a near one-month high of 82.9350 on dollar sales by certain foreign banks pertaining to custodial and positional flows, traders said. «Despite the dollar inflows, the rupee needs to close convincingly above 83 to confirm a change in trend,» said Jigar Trivedi, senior research analyst — currencies and commodities at Reliance Securities. The role of the Reserve Bank of India (RBI) will be important in terms of how these flows are managed, Trivedi added. U.S.

Michelle Obama launch a candidacy for the US Presidential Election 2024? After her interview with Jay Shetty in a podcast this question has been raised. Former Fox News personality and political commentator Megyn Kelly has said Michelle Obama is more talented politically than Joe Biden. Talking to the SiriusXM podcast, 'The Megyn Kelly Show', she said, «There’s no question she's more talented than Joe Biden is politically. No question.» But Kelly said she was not sure whether the former first lady would vie for the commander-in-chief role.

Dubai: An oil tanker once at the center of a crisis between Iran and the United States was boarded in the Gulf of Oman by “unauthorized" men in military uniforms early on Thursday morning, an advisory group run by the British military and a private security firm warned. Details remained unclear in what was apparently the latest seizure of a vessel in the tense Middle East waterways.