Usa Financial News
25.09 / 02:37
UPS
Lowe's
Manufacturing
RIG
country
Oil climbs with tight supply back in focus
prices rose on Monday as investors focused on a tighter supply outlook after Moscow issued a temporary ban on fuel exports while remaining wary of further rate hikes that could dampen demand. Brent crude futures climbed 48 cents, or 0.5%, to $93.75 a barrel by 0110 GMT after settling 3 cents lower on Friday. U.S. West Texas Intermediate crude futures extended gains for a second straight session, trading at $90.53 a barrel, up 50 cents, or 0.6%. «Crude oil prices have started the week on the front foot, as the market continues to digest Russia's temporary ban on diesel and gasoline exports, into an already tight market, offset with the Fed's hawkish message that rates will stay higher for longer,» IG Markets analyst Tony Sycamore said. Both contracts snapped a three-week winning streak to fall last week after a hawkish Federal Reserve stance rattled global financial sectors and raised oil demand concerns. Prices had rallied more than 10% in the previous three weeks on forecasts of a wide crude supply deficit in the fourth quarter after Saudi Arabia and Russia extended additional supply cuts to the end of the year. Last week, Moscow temporarily banned gasoline and diesel exports to most countries in order to stabilise the domestic market, fanning concerns of low products supply especially for heating oil as the northern hemisphere heads into winter. In the United States, the number of operating oil rigs fell by eight to 507 last week, their lowest since February 2022, despite higher prices, a weekly report from Baker Hughes showed on Friday. Expectations of better economic data this week from China, the world's largest crude importer, also lifted sentiment.
25.09 / 02:19
Provident
FIVE
WhatsApp
Canada yet to produce any evidence that links India to Khalistani terrorist Nijjar’s murder: Top govt sources
Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! While Canadian Prime Minister Justin Trudeau first used the term "credible allegation" last week to describe the situation, an Indian official has said that the phrase is contradictory in itself. “No credible evidence has been shared through either the diplomatic or the intelligence channel with India.
25.09 / 02:19
NIFTY
SENSEX
country
blues
stars
Updates
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Sensex Today Live | Share Market Updates: Sensex, Nifty may open higher; Gift Nifty in green; RIL, SBI in focus
Top ten stocks that are likely to be in focus on Monday include SBI, Reliance, Delta Corp, Bajaj Finance, JSW Steel, SJVN, LIC, ICICI Lombard, and Blue Star. Canara Bank, Delta Corp, Granules India, Hindustan Copper, Indiabulls Housing Finance, and Manappuram Finance are the six stocks that are a part of the F&O ban list by the stock exchange today.Asian stocks traded on a cautious note on Monday as central banks around the world warned of higher interest rates for longer and investors braced for key inflation data from the US and Europe.
25.09 / 02:19
NIFTY
WhatsApp
SENSEX
reports
recommendations
Weekend
5 things that changed for market over the weekend: Gift Nifty, oil prices, FII selling to global cues for Sensex today
Sensex and Nifty 50 ended lower for the fourth consecutive session on Friday weighed down by weak global cues as the US Treasury yields rose to their multi-year high levels and crude oil prices rose by about a percent. “We expect the market to remain under pressure in the near term given the global concerns. Thus, we suggest investors to have higher allocation towards defensive and large-caps.
25.09 / 01:57
VISA
Career
Shell
country
Indian
Amidst Canada disfavour, the US, Australia, and the UK may win over most Indian students
Australia and the UK. As Indians students explore alternative destinations amid heightened India-Canada tensions, the trio is likely to benefit the most if the situation doesn't improve soon, more than half-a-dozen educational consultants told ET. All of them said a large number of Indian students who were looking to study in Canada are now looking at other options due to the deteriorating situation, lack of safety and uncertainty about the immediate future. The US is the first choice for many. «Given the speed at which the situation has escalated, almost every student who was considering Canada is keeping a back-up option,» said Karan Gupta, founder of study abroad career consultancy Karan Gupta Consulting.Variety of Courses in US «A majority of these students will apply to the US,» he said.
25.09 / 01:57
COST
UPS
Citi
NIFTY
stage
NSE plans longer F&O trading hours
trading hours for equity derivatives, said three people with knowledge of the matter. The exchange is proposing an evening session, possibly between 6 pm and 9 pm, when market participants can continue trading futures and options contracts after the regular session between 9:15 am and 3:30 pm is over, said one of them. The NSE might consider extending this session to 11:30 pm at a later stage, the person said. The move to introduce longer trading hours is aimed at offering local traders an opportunity to react to global events sooner.
25.09 / 01:57
UPS
Aware
Platform
economy
track
exclusive
Investors want Bloomberg Barclays to bond with India
Bloomberg Barclays Emerging Markets bond index to advance a scheduled review to early October so that a decision on India, now featuring on the competing JP Morgan gauge, can be brought forward by a quarter to give bulge-bracket investors tracking the benchmark an option to incrementally buy about $25 billion of bonds issued by one of the least indebted major economies. A couple of large US-based firms are at the forefront of the group of investors that made the review rescheduling demand as JP Morgan's decision last week threatens to reduce competitiveness of the Bloomberg Barclays Global Aggregate index, sources aware of the development told ET. Furthermore, these investors haven't even linked the potential inclusion to trade settlement on an international platform, reflecting India's increasing relevance for global indices that must recast themselves to reflect exclusion of Russia and tepid growth in China.Tax Talks «The investors have communicated to Bloomberg Barclays that they do not have a problem with the domestic delivery and payment system of settlement and that the Euroclear settlement is not a hurdle either,» a source said. Usually, managers of the Bloomberg Barclays index review the constituents and weights in the first quarter of a calendar year. Typically, overseas investments into instruments featuring on the gauge begin around nine months after the index inclusion is announced.AUM Nearly Equals GDP If included, India could be given a 0.8% weightage in the Bloomberg Barclays EM index, which has assets under management (AUM) of around $3 trillion.
25.09 / 01:57
UPS
NASDAQ
NIFTY
VIX
GIFT Nifty up 45 points; here's the trading setup for today's session
market on weak global cues and substantial selling by foreign investors. The current week marks the September month's F&O expiry, which is expected to bring about volatility in the market. «The factors that have influenced the markets last week may continue to exert some pressure in the current week too,” said Joseph Thomas, Head of Research, Emkay Wealth Management. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a positive startGIFT Nifty on the NSE IX traded lower by 45 points, or 0.23 per cent, at 19,687.50, signaling that Dalal Street was headed for positive start on Monday.
25.09 / 00:59
COST
UPS
country
JHESL eyes foreign markets for its OCTG products
JHESL) is looking to export oil country tubular goods from its plant located at Nashik.
24.09 / 21:59
COST
Entertainment
Bill
show
performer
stars
Star Entertainment locks in debt package, preps $750m equity raising
Star Entertainment was putting the finishing touches to a comprehensive capital restructure on Sunday night, which is expected to include a $750 million equity raising, Street Talk can reveal.
24.09 / 21:39
Provident
CEO
Platform
concert
information
reports
Sporting
New IRS rule on reselling concert, sporting event tickets could impact large number of Americans
Circle Squared Alternative Investments founder Jeff Sica says Taylor Swift's treatment of her employees has raised the bar for CEOs on «Varney & Co.»
24.09 / 20:13
FIVE
Strategy
pandemic
love
country
classical
India growing more than other markets for Lladro: global chief
Ana Rodriguez. India accounts for 11% of Lladro's global sales. The company generates 69% of its business from heritage concept (high porcelain, classic sculptures, home and licences), 21% from new concept (design sculptures, scent and jewellery), and 10% from lighting. Lladro will also have an «important» investment plan for developing online sales in the country next year, besides launching more mono-brand stores in the country, according to Rodriguez. With the new boutique, Lladro now has eight own-brand stores in India in markets such as New Delhi, Gurugram, Mumbai, Bengaluru, Hyderabad, Chennai and Kolkata. «For us, India is not only a key market but a very strategic market,» Rodriguez told ET.
24.09 / 20:13
Booking
CEO
Apple
Chase
Tesla
Death
elon
Elon Musk's biography scores bumper sale, billionaire says 'cool'
Elon Musk's biography by American author-journalist Walter Isaacson saw a robust sale in the first week of its launch, selling 92,560 copies. The sale of the biography of Tesla founder and X (formerly, Twitter) — titled 'Elon Musk' — included print copies sold through September 16, according to data collected by book tracker Circana BookScan. Musk on Sunday posted on the bumper sale figure: «Cool, although it's kinda weird seeing so many close-up pics of my face.» The feat makes 'Elon Musk' biography the second best-selling first week title after Isaacson's 2011 biography of late Apple Co-founder Steve Jobs, which sold nearly 383,000 copies in its first week. The book was published just weeks after Jobs' death on October 5, 2011. Isaacson chased Musk for two years, «attended his meetings, walked his factories with him, and spent hours interviewing him, his family, friends, coworkers, and adversaries,» according to book's publisher, Simon & Schuster. He has also written best-selling biographies of Einstein and Benjamin Franklin. 'Elon Musk' also topped The New York Times' combined print and e-book nonfiction and hardcover bestseller list. It is also on Amazon's bestseller list, retailing for $20.99. The book has revealed several facets of Musk's life, including his personal relationships with multiple women.
24.09 / 19:19
UPS
Xerox
information
reports
Department
donates
‘Case study in funny money’: Report on failed Eloque is close
The Victorian auditor-general will deliver its findings about VicTrack’s fibre-optic sensors venture, described by the Liberal Party as “a case study in funny money”, in the next three months after missing its June deadline.
24.09 / 19:09
Cooper
Platform
President
track
country
voice
consequences
It's still a world of double standards: S Jaishankar
S Jaishankar said. Jaishankar was speaking in US at a think tank event titled 'South Rising: Partnerships, Institutions and Ideas'. «Those who are occupying positions of influence, we see this in the UN Security Council most of all, are resisting the pressure to change. Those who are economically dominant today are leveraging their production capabilities and those who have institutional influence or historical influence have actually weaponised a lot of those capabilities as well,» he said. In another event, 'India-UN for Global South: Delivering for Development' in New York on Saturday, Jaishankar said India does «walk the talk» when it comes to South-South cooperation.
24.09 / 19:09
UPS
Platform
Experts
country
innovations
reports
recommendations
G20 Independent Expert Group's road map for multilateral banks to come out in October
G20 Independent Expert Group on strengthening multilateral development banks (MDBs) will next month come out with a roadmap and a detailned plan to reform these institutions including the World Bank and Asia Development Bank. The details include proposals that would enable MDBs to harness private capital apart from stepping up their financial capacity, the group's co-chair NK Singh said. «We are going into greater granularity on how you really achieve this private capital--- what incentive, risk mitigation can you do,» Singh, who is also chairman of the Fifteenth Finance Commission, told ET in an interview. The report would dwell on an efficient operating model for the MDBs that would be appropriate to meet emergent challenges and develop the ability to harness innovative capital — hybrid and blended — and coordination among them. It would also consider cohesion and symmetry of purpose that can «come within the MDB family to improve the overall capability and reach», Singh said. The group, co-chaired by Singh and former US Treasury secretary Larry Summers, had submitted the first volume of its report at the G20 finance ministers and central bank governors meeting in July. The recommendations figured in the New Delhi G20 Leaders' Declaration. The report put private capital requirement of MDBs at $500 billion. Singh said the roadmap specified in the second part of the report will also detail the sequencing of the reforms. "...the low-hanging fruit, in my view, is clearly the optimisation of the balance sheet," Singh said, adding that other issues including getting more out of the existing equity itself, recalibrating risk appetite, and creative use of guarantees would be in focus. MDBs' record in being able to get only 0.6
24.09 / 19:07
Booking
Aviat
VISA
pandemic
country
hospital
Mint Primer: India-Canada standoff: How it's shaping bilateral ties
Mint explains: In 2022, an estimated 277,291 foreign tourists landed from Canada in India. This makes the country the fifth largest source nation for tourists behind the US, Bangladesh, UK and Australia. The number of tourists from Canada has grown over three-fold from 2021, when only 80,437 tourists had come.
24.09 / 19:07
UPS
Platform
Software
Simulation
Experts
exclusive
prevention
‘India developers exceptional, but talent shortage issue is structural’
NEW DELHI : India is home to the second-largest developer base for GitHub, the world’s largest platform for storing, hosting and sharing code. Data shared exclusively with Mint by GitHub revealed India to have over 11.4 million individual developers on the platform, while over 440,000 Indian companies also host and share their code through the platform. All this contributed to nearly 30 million code repositories on GitHub by Indian users.
24.09 / 18:49
Provident
Strategy
economy
Huawei
country
reports
Canada needs "foreign policy reset" amid worsening ties with major powers: Report
Hardeep Singh Nijjar, it is perhaps time for Canada to implement a 'foreign policy reset', shedding off its 'middle-power approach' and focussing more on 'Indo-Pacific diplomacy', Japan Times reported. Prime Minister Trudeau's allegation of an Indian role in the assassination of Khalistleader Nijjar on Canadian soil, triggered a broader deterioration in relations between Ottawa and New Delhi, the report noted. Notably, a similar episode also led to a deteriorating trend in China-Canada relations, the report stated, adding that Michael Spavor, a businessman, and Michael Kovrig, a former diplomat, were arrested by Beijing on espionage charges.
24.09 / 18:07
Citi
Action
country
information
stars
Time
week
How to watch the Bears vs Chiefs today? Check date, time, live streaming and TV channel details for NFL Week 3 game
Chicago Bears and the Kansas City Chiefs is generating significant excitement among NFL fans. Both teams are eager to secure a victory, making this game one to watch. Here's all the information you need to catch the action. In Week 2, the Chiefs welcomed back two star players, Travis Kelce and Chris Jones, who made an immediate impact. Kelce, the talented tight end, recorded four receptions for 26 yards, including a nine-yard touchdown pass. Meanwhile, defensive lineman Chris Jones was a force to be reckoned with, tallying 1 1/2 sacks and five quarterback pressures. Their contributions were instrumental in the Chiefs' 17-9 victory over the Jaguars.Where to watch Chiefs vs Bears? TV channel and live streaming options
24.09 / 18:07
UPS
Dash
Racing
Mobile
President
electronic
innovations
EV boom triggers battle for talent in automotive sector
NEW DELHI, MUMBAI : The race to dominate the electric vehicle (EV) market has triggered a dash for talent, as automakers and others in the ecosystem seek out experienced professionals to develop capabilities in green mobility. Industry executives said that companies are trying to attract and retain professionals skilled in battery management systems, fuel cells and core engineering with pay hikes, retention bonuses and counter-offers. Leading Indian automakers are introducing new EV models, and startups are coming up with innovative electric mobility solutions, even as the government works to reduce carbon emissions.
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