Usa Financial News

(Reuters) — The United States has finalized contracts to purchase three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) after the largest sale in history last year, the U.S. Department of Energy said on Tuesday.

NEW DELHI : The ministry of earth sciences plans to set up two high-performance computers (HPCs) in Noida and Pune to enhance weather forecasting accuracy, in the face of shifting weather patterns leading to increasing instances of extreme rainfall. “None of the weather prediction models anticipated the 90cm rainfall witnessed in the Kayalpatnam municipality in Thoothukudi district of Tamil Nadu last week. Prediction of weather in tropical regions is difficult because of dynamic changes it undergoes in comparison to weather in higher latitudes," earth sciences secretary M.

NEW DELHI : India is working on guidelines for strategic trilateral partnerships to maximize the impact of developmental projects in its neighbourhood and beyond in collaboration with other countries, said people aware of the matter. India has partnered with the UK, the US, France, Japan, and Germany to implement developmental projects in India’s neighbouring regions and key nations in Southeast Asia and Africa. While India has traditionally favoured bilateral developmental projects for ease of coordination, and established political relationships with the recipient countries, it is now exploring collaborations with a select group of countries.

office space transaction in 2023, Bank of America (BofA) has leased 1.1 million sq ft office space in Chennai, one of its largest captive centres outside the US. The newly leased property at DLF Downtown, Taramani is being leased for its back office operation in India. «The property is in the fitout phase now and the company is expected to start operation from Q2 2024 for the first phase,» said two people aware of the development.

consumer price gauge hit a half century of stubborn defiance in November. For the 50th month, the reading on the politically sensitive gauge strayed from the 4±2 percentage guideposts, with a surge in food prices causing an ungainly spike.

NEW DELHI : Union defence minister Rajnath Singh, has vowed to take decisive action against those responsible for the assaults on the India-linked shipping vessels, MV Chem Pluto and MV Sai Baba, amid escalating tensions in the Red Sea region. For over a month, attacks by Yemen’s Houthi rebels on vessels using the crucial Red Sea shipping route have heightened uncertainty in the global economy. “The recent drone attacks on the MV Chem Pluto in the Arabian Sea and a few days ago on the MV Sai Baba in the Red Sea have been taken very seriously by the Indian government.

Russia's crude oil exports and a fifth of coal came to India in the past 12 months, making India the second-largest importer of Russian fuels after China, according to a research agency. Since the European Union imposed a ban on the import of coal, oil and some other commodities from Russia on December 5, 2022, supplies to India and China have increased. Between the EU ban and the end of November this year, China imported 40% of all the coal and 45% of all the crude oil Russia exported, according to the Finland-based Centre for Research on Energy and Clean Air (CREA). India purchased 32% of Russia's crude oil exports while the EU (8%) and Turkey (4%) were the third- and fourth-largest buyers.

Narendra Modi has become the sole global leader with 20 million subscribers on his personal YouTube channel, as per latest data collated by Viennese startup Tubics. With 224 million views in December 2023 alone, Modi's YouTube channel had 43 times more views than Ukrainian President Volodymyr Zelenskyy's channel. Overall, with 4.5 billion video views, Modi's YouTube channel leads the pack, both in terms of subscribers and video views among top world leaders. Brazil's former president Jair Bolsonaro is at the second spot with a modest 6.4 million followers on his personal YouTube channel, which is less than a third of followers on Modi's channel. Modi, in fact, leads other global leaders on the subscribers/video viewership sweepstakes on personal YouTube channels by a mile. For instance, US President Joe Biden and French President Emmanuel Macron are at a distant fourth and sixth places with 789,000 and 316,000 subscribers, respectively, on their personal YouTube channels, as per Tubics data. Canada's Prime Minister Justin Trudeau is way down in the pecking order, at 10th place with under 70,000 subscribers on his YouTube channel. Video views and subscribers on Modi's YouTube channel are also way ahead of those recorded by the YouTube channels of other Indian political leaders.

Investing.com – Main U.S. indexes climbed on light volume the day after the Christmas holiday as hopes the Fed will begin lowering interest rates in the first quarter of next year lifted sentiment.

The US bond market has had a rough ride for much of the past two years, but the powerful rally over the last two months suggests the worst is over.

Apple's popular Apple Watches into the United States has gone into effect. Here is a look at what the ban means for consumers and what is next for Apple. The US International Trade Commission in October ordered Apple to stop importing and selling Apple Watches based on a complaint from medical-monitoring technology company Masimo.

Barbie" and "Oppenheimer," were huge hits, surprising everyone by breaking box office records and getting ready for the Oscars. Greta Gerwig's «Barbie» delivered a surprising feminist take, as Margot Robbie's introspective Barbie teamed up with Ryan Gosling's clueless Ken, weaving a narrative far beyond mere doll play. On the other hand, Christopher Nolan's «Oppenheimer» painted a compelling portrait of J. Robert Oppenheimer, embodied flawlessly by Cillian Murphy, delving into the conflicted mind of the architect behind the atomic age, marking it as a visionary masterpiece.

AstraZeneca said on Tuesday it will buy Gracell Biotechnologies for up to $1.2 billion as the Anglo-Swedish pharma company furthers its cell therapy ambitions and boosts its presence in China, the world's second-largest pharmaceuticals market. The cash deal, which adds several experimental therapies to AstraZeneca's portfolio, values Gracell at $2 per ordinary share, or $10 per ADS of Gracell, plus a non-tradable contingent value right of $0.30 per ordinary share, if certain regulatory milestones are met.

Apple on Tuesday appealed a decision to ban imports of its watches based on a complaint from medical monitoring technology company Masimo, after US President Joe Biden's administration declined to veto a government tribunal. The tech giant also filed an emergency request on Tuesday for the US Court of Appeals for the Federal Circuit to halt the ban.

migrants and Secretary of State Antony Blinken prepares for a state visit to Mexico, a fresh wave of up to 15,000 migrants is set to crash into the already flooded US southern border of Mexico. A caravan of nearly 8,000 asylum-seekers began its march through Mexico to the border days before Blinken’s meeting with Mexican President Andres Lopez Manuel Obrador to discuss the illegal immigration crisis. They are mostly from Cuba, Haiti and Honduras.

last week's gains of about three per cent after Houthi attacks on ships disrupted global shipping and trade while the Israel-Hamas conflict shows no sign of easing. Brent crude futures were up by $1.79, or 2.3 per cent, at $80.86 a barrel and earlier reached $81.23, the highest since December 1. US West Texas Intermediate crude rose by $1.89, or 2.6 per cent, to $75.45, according to news agency Reuters.

As 2023 comes to a close, skywatchers in India are gearing up for a breathtaking celestial event – the Cold Moon, also known as the longest and final full moon of the year. Set to grace the night sky on December 26, the Cold Moon derives its name from Native American and European traditions, signifying the peak of winter’s chill.

Umar Johnson, known for his controversial views on race and online rants, argued on Joe Budden's podcast that Eminem shouldn't be considered the greatest rapper due to his white skin. This discussion is gaining attention in hip-hop circles. Umar argues that allowing white people, like Eminem, to engage in Black culture, specifically hip-hop, is unfair to African-Americans and lacks reciprocity.

Al Nassr is set for a pivotal encounter in the Saudi Pro League on December 26, gearing up to clash against reigning champions Al Ittihad in a much-anticipated showdown. While Al Ittihad teeters on the edge of relinquishing their title this season, Cristiano Ronaldo's squad is laser-focused on closing in on the current league leaders, Al Hilal. Their recent dominant display, sealing a convincing 3-1 victory against Al Ettifaq, has injected Al Nassr with a renewed surge of confidence as they aggressively pursue the coveted 2024 title. Ronaldo's pivotal 17th goal in the league during that decisive match has served as an added catalyst for the team's unwavering determination.

By Blake Brittain

Intel (NASDAQ:INTC) has finalized an incentive package with Israel to bolster the expansion of its Kiryat Gat wafer fabrication operations.