2020 Financial News

Lee Sun-kyun, a popular South Korean actor best known for his role in the Oscar-winning movie “Parasite,” was found dead in a car in Seoul on Wednesday, authorities said, after weeks of an intense police investigation into his alleged drug use.Police and emergency officers initially found Lee in what they believed was an unconscious state in the car parked on a street in northern Seoul. Emergency officers later confirmed he was dead, according to Seoul’s Seongbuk police station.Police had been searching for Lee, 48, after receiving a report that he was missing.They refused to provide further details including whether they had determined Lee killed himself.

On Wednesday, Nifty closed at 21,654 (Sensex 72,038), both lifetime highs, no doubt engendering a feeling of wellness among investors. Markets have been on a tear in India following BJP's victory in the latest round of assembly elections, and the anticipation of a thumping victory in the 2024 general elections, coupled with a growing recognition of India's long-term potential. The exuberance of the markets is well-timed when it comes to confidence, the all-important ingredient of economic growth.

Does your year-end bonus look smaller than expected?

NEW DELHI/MUMBAI : Registrations by foreign portfolio investors in India this year were the fewest in at least 10 years, although foreign investments have continued to rush in. Market experts pinned the steep decline in registrations on global economic headwinds, while pointing out that FPIs already in India have delivered stellar returns in recent years.

The Office of Foreign Assets Control (OFAC) of the United States Treasury Department has filed claims against CoinList Markets, a virtual currency exchange, and the company has agreed to pay more than $1.2 million to resolve the allegations. Despite sanctions imposed by the United States against Russia, which seized Crimea in 2014, CoinList continues to execute transactions for clients residing in the Crimea area of Ukraine. This move is a reaction to the fact that Russian sanctions have been imposed.

The Bank of Canada overnight rate started 2023 at 4.25 per cent and will finish the year at five per cent, for a rise of 0.75 per cent after a rise of four per cent in 2022. I believe we will see a two per cent decline in rates by the end of 2024, back to an overnight rate of three per cent. The impacts of this decline will be the story of 2024.

The forecourt of Paris City Hall sparkles with activity this holiday season, including a Christmas market and huge signs advertising the 2024 Olympics

Entitled Solutions, an inclusion platform to make health and financial services accessible to urban low-income workers, has raised $1.3 million (about Rs 10.83 crore) in an extended seed round from SIS, a leading player in the security, facility management and cash logistics segment. In the past three years, Entitled Solutions has enabled affordable financial and health access to about 700,000 low-income workers, including those in the new-age gig economy. The company works on a business-to-business-to-consumer model and integrates with employers and gig service platforms to enable services for the workers associated with them.

Also Read: 2023 in review: IPOs this year have broken records; 2024 will likely see even more IPOs, says Venkatraghavan of Equirus According to data from Trendlyne, 234 companies have raised funds from Indian markets so far in 2023, with a significant portion of 176 companies falling within the SME category. In comparison, CY22 witnessed 103 SMEs entering the market; the number was 52 in 2021, 31 in 2020, and 31 in 2019. Out of the 176 SME stocks listed this year, 62, or 35%, are trading with gains ranging between 100% and 1000%.

Economic Times reported. While there is no official notification in this regard yet. Mint could not independently verify this development.

Netflix comprises 100 shows that are returning with their new seasons under its Original titles. It is uncertain whether some Netflix shows will return ever in the future, and it is suspected that they have been called off. These shows are speculated to be withdrawn from behind the scenes with no public announcement.

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.

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 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.

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.

By Brendan Pierson

Nalin Negi, CFO and Interim CEO, BharatPe, said, “We are thrilled to announce yet another year of exceptional performance at BharatPe. The significant growth across our business verticals, coupled with improved financial metrics, underscores our commitment to creating value for our merchants and stakeholders. These results are a testament to the hard work and dedication of our team, as well as the trust and support of our valued customers."Added Nalin, “Going forward, our strategic focus is on sustained profitability, scaling lending, POS, and soundbox businesses, and launching new merchant-centric products.

By Blake Brittain

AFP. "Don't worry about me. I'm fine. I'm totally relieved that I've finally made it," he wrote on X, adding, "I'm still in a good mood, as befits a Santa Claus", referring to his winter clothing and beard.

The “meme coin” phenomenon, sparked by Dogecoin (DOGE) and amplified by Shiba Inu (SHIB), has captured the imagination of investors and the crypto world alike. These tokens, often featuring dog-themed branding and lighthearted communities, have achieved astonishing price surges, leaving many wondering if lightning can strike twice, three times, or a dozen times. However, some alternative tokens have now presented intriguing possibilities to replicate the trajectory of SHIB’s meteoric rise due to their unique features and ambitious roadmaps. One such project gaining traction is Retik Finance (RETIK), which positions itself as a utility-driven alternative with the potential to pump not just based on hype but on real-world application and a comprehensive ecosystem.This article delves into the details of Retik Finance, analyzing its potential to pump like SHIB and exploring the key factors that differentiate it from its meme-coin predecessor. We’ll steer clear of hype and speculation, focusing instead on facts, figures, and the inherent value proposition of RETIK.

WSJ’s Personal Finance team presents a series on how to fix your financial life in 2024. First up: taking on lifestyle creep. Anyone trying to figure out why they are scraping by at the end of the year could safely pin part of the blame on inflation. Higher prices have made it easier than ever to miss that other sneaky cause of overspending: lifestyle creep.