Usa Financial News

United Nations: Russia faces a tough fight to regain a seat in the U.N.'s premiere human rights body in Tuesday's election in the General Assembly, which voted last year to suspend Moscow after its invasion of Ukraine. The 193-member assembly will be electing 15 members to the Geneva-based Human Rights Council, with candidates put forward by the U.N.'s five regional groups.

Amit Sachdeva, India Equity Strategist, HSBC Securities, says “given the stable growth macro and where the world is today, India continues to be a very attractive destination for FIIs and that is not going to go away with one month of small short-term volatility or event. The larger game is set. If you look at the longer picture, what gives you confidence that India should do well? It is seen as a more structural market. But another factor that has worked in India's favour is that when you survive a crisis, the resilience is proven.” What are the triggers that will make FIIs come back to India equities. This is one of the largest selling sprees that we have seen in recent history, consecutive 14 days of sell-off from FIIs. What would have to change on ground for them to come back and would it only be a function of the way the US yield pans out? It is largely that factor, to be honest. If you look at FII flows and put that in the context of bull runs, we are about 0.6% of the market cap. In the last 12 months, every time you look at FII inflows, you have to look at accumulated flow of last 12 months because you may see some incessant flows in the last six months assuming that is the massive inflow that has already come, but it is true because the base is very benign. We are at about 0.6% of market cap which is way below the bull run averages at 1.7% and perhaps 3% of the bull run peak. So, in some sense, the base is extremely benign. We have seen large outflows last year, to be honest, minus 17 billion to be precise.

Heathrow airport is launching a trial which will allow passengers to pre-book their security slots way ahead of their journey. The trial started om October 3. Heathrow Timeslot is a free service which will give passengers a designated time and entry point to the security search area. This will help reduce the queue times for all the passengers and allow the airport officials to plan resources more effectively. The trial will be live in Terminal 3 for up to six months and will be made available to passengers flying with American Airlines, Delta, Emirates and Virgin Atlantic. Further airlines may be added during the trial. The outcomes of the trial will inform any future extension or roll-out to other terminals, an official press release by Heathrow said. The process of booking the timeslot is easy. Once you are flying with an eligible airline partner, you can book your slot up to three days before your flight. The slot will remain open until 90 minutes before your long-haul flights and until 60 minutes for short-haul flight. To book your slot, you will just need your email address and flight number. You will not be required to go through any registration process. Once you book your slot, you will be sent an email with your booking confirmation and a QR code which you will require to access your slot. The time slot allows for 15 minutes of buffer time. This time slot does not apply for airline's check-in and bag drop queues.

PTI, he sought to downplay the concerns emanating from Washington about China's intentions to challenge the United States' superpower status. The "Thucydides Trap" refers to a concept where an emerging power poses a potential threat to replace the existing dominant power.

closely monitoring the safety of its employees in Israel amid the ongoing war between Israel and Hamas. “We are monitoring, and have been in touch with the HR (human resources) officials there.

Geopolitics is often ignored in financial markets. For reasons best known to them, investors and traders don’t think it’s as important as other factors that move markets. The best example of this was the Russia-Ukraine war.

Energy Minister Chris Bowen has called on the Coalition to disclose cost estimates for replacing coal-fired power stations with nuclear power, claiming the opposition had been dishonest in suggesting it could be cheaper than renewables.

As per blockchain intelligence firm Arkham, $77.35 million in assets have flown through Tornado Cash’s contracts on Ethereum mainnet in the past 30 days. 

Comodo Motors General Manager Jordan Baker joins «The Big Money Show» to discuss the impact on auto dealers and car buyers from the ongoing UAW strike.

Amit Sachdeva, India Equity Strategist, HSBC Securities, says “there are two vulnerabilities for India; one is obviously a geopolitical crisis. If it spirals out of control, then it might weigh on India's investment case. But US bond yields have also risen quite sharply. That has seen some outflow as well. But if you look at the overall picture for India's Goldilocks scenario, I would hazard a guess that India is in a decisive bull run and we are in the middle of it right now.” What is your take on the Israel-Palestine war? The way both local and global markets have been resilient, it looks like markets are saying this is not Russia and Ukraine. This is very localized and is unlikely to have a financial disruption. Geopolitical situations are always interesting and also hard to predict. One thing can lead to another. I am not going to call that out, to be honest. But the market obviously has taken a view that the situation will be contained. It would not spiral out of control, et cetera. So at least the market has taken that view. My sense is that could probably be the fair view as well. But more importantly, India's context is very interesting because India has been an outperforming region three years in a row. That makes many people wonder whether these rallies can continue. But I think we need to drill down into the entire Goldilocks scenario of India.

The Albanese government will adopt a new definition for “critical minerals” influenced by the needs of Australia’s defence and trade partners, in a move that could drive domestically abundant commodities such as coking coal, bauxite and iron ore onto the list.

Tezos (XTZ), the cryptocurrency that powers the Tezos layer-1 blockchain protocol, has pumped over 11% on Monday.

The hacker responsible for stealing over $400 million from FTX and FTX US in November could be using the hype around Sam Bankman-Fried’s fraud trial to further obfuscate the funds, says CertiK’s director of security operations Hugh Brooks.

Sensex and Nifty 50, ended sharply lower on Monday, snapping a two-day winning run, as the ongoing Israel-Palestine war spooked investors. The Nifty 50 fell 141 points to close at 19,512.35 and the Sensex ended 483 points lower at 65,512.39. Nifty 50 formed a small negative candle on the daily chart with upper shadow.

UAW strikes expand as 7,000 more workers join picket line at two plants GM's updated offer did not align with the 23 percent pay raise suggested by Ford. On Friday, the UAW communicated that GM had agreed to include workers at joint venture battery plants under union contracts, but as of Monday, GM provided no specific details, the report noted. The layoffs are across the board.

Nifty 50 closed at 19,512.35, down 141 points, or 0.72% and the Sensex ended the day with a loss of 483 points, or 0.73%, at 65,512.39. “In the near term, we expect markets to remain volatile amid geopolitical stress and inflationary pressure ahead of CPI data to be released by the US, Europe, and China later during the week," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Global markets today: Oil prices jump, investors shun stocks Here are key global cues from Sensex today: Asian markets traded higher on Tuesday following overnight gains on Wall Street.

Hamas group, killing over 1,000 people so far. “Today, we — President Macron of France, Chancellor Scholz of Germany, Prime Minister Meloni of Italy, Prime Minister Sunak of the United Kingdom, and President Biden of the United States — express our steadfast and united support to the State of Israel, and our unequivocal condemnation of Hamas and its appalling acts of terrorism," the statement read.

Gaza Strip after the Hamas group launched a deadly rocket attack on Israel that killed over 1,000 people and left hundreds injured. Dozens of foreigners have been killed, injured, or taken hostage during a surprise attack on Israel by the Palestinian militant group Hamas. Many of the missing foreigners were at an electronic music festival in the southern Israeli desert, at which scores of revelers were massacred.

Wall Street's major indexes closed higher on Monday while energy stocks rallied as investors digested the latest news about the conflict between Israel and the Palestinian Islamist group Hamas. The Israeli military said it called up reservists and was imposing a total blockade of the Gaza Strip in signs it could be planning a ground assault there to defeat Hamas which launched a deadly attack over the weekend. But late in the afternoon, a senior Hamas official said the group is open to discussions over a possible truce with Israel. U.S. President Joe Biden said he directed his team to coordinate with regional partners to warn anyone seeking to take advantage of the situation. News of the conflict sparked an oil rally due to supply concerns.

Indices are expected to trade in a narrow range, and investors will await cues from the second quarter earnings of companies, which will kickstart on Wednesday with TCS. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 19 points, or 0.10 per cent, at 19619.50, signaling that Dalal Street was headed for positive start on Tuesday.

Joe Biden was interviewed as part of an investigation into his handling of classified documents by Special Counsel Robert Hur, the White House counsel's office said on Monday. The Democratic president's interview was voluntary and conducted over two days, concluding on Monday, said Ian Sams, a spokesperson for the White House counsel's office. US Attorney General Merrick Garland in January named Hur as special counsel to look into the improper storage of classified documents at Biden's Wilmington, Delaware, home and at a Washington think tank office set up for Biden after his 2009-2017 vice presidency. Such special counsels are appointed to handle sensitive cases — usually involving political figures or allegations of serious wrongdoing by the government — and have more independence than is usually afforded to federal investigators to decide whether to bring charges. Hur's interviews with Biden suggest the investigation, which has proceeded quietly, may have advanced to its final stages.