2020 Financial News

Indian bonds this year are poised to reach the highest since 2017, as investors lap up local debt before the nation’s entry into global indexes. Inflows to fixed income, including corporate debt, have reached nearly $6 billion thus far in 2023, with this month alone accounting for about a quarter of the flows, according to data compiled by Bloomberg. Monthly inflows to the nation’s government bonds are set for their highest since April 2020, the longest streak since the fully-accessible route index-eligible category was introduced. While JPMorgan’s decision in September to add India to its emerging market gauge is prompting investors to boost their holdings of local bonds, robust growth in company earnings and the economy has driven foreign inflows to nation’s equities. Global funds have bought more than $12 billion of shares this year, the most in emerging Asia.

The federal Occupational Safety and Health Administration has found an explosion that killed one worker at a pharmaceutical chemical plant in Massachusetts could have been prevented

Epic Games CEO Tim Sweeney has portrayed Google as a ruthless bully that resorts to shady tactics to protect a predatory payment system

The leaders of Britain and South Korea are seeking to strengthen trade and defense ties between their countries during a state visit to the U.K. by President Yoon Suk Yeol

Chinese government has expanded its campaign of closing mosques to regions other than Xinjiang, where for years it has been blamed for persecuting Muslim minorities, according to a Human Rights Watch report released Wednesday. Authorities have closed mosques in the northern Ningxia region as well as Gansu province, which are home to large populations of Hui Muslims, as part of a process known officially as «consolidation,» according to the report, which draws on public documents, satellite images and witness testimonies. Local authorities also have been removing architectural features of mosques to make them look more «Chinese,» part of a campaign by the ruling Communist Party to tighten control over religion and reduce the risk of possible challenges to its rule. President Xi Jinping in 2016 called for the «Sinicization» of religions, initiating a crackdown that has largely concentrated on the western region of Xinjiang, home to more than 11 million Uyghurs and other Muslim minorities. A United Nations report last year found China may have committed «crimes against humanity» in Xinjiang, including through its construction of a network of extrajudicial internment camps believed to have held at least 1 million Uyghurs, Huis, Kazakhs and Kyrgyz. Chinese authorities have decommissioned, closed down, demolished or converted mosques for secular use in regions outside Xinjiang as part of a campaign aimed at cracking down on religious expression, according to Human Rights Watch. The Chinese Foreign Ministry did not immediately answer faxed questions seeking comment on the report and its official policies toward Muslim minorities. One of the first known references to «mosque consolidation» appears in an internal party

European banks have started regular talks with the Clearing Corporation of India (CCIL) to build structures needed for third-party clearing of government bonds and derivatives, paving the way for starting trades worth billions of dollars that may otherwise have stalled due to a stand-off between the regulators home and away. «Banks and CCIL are in talks for the third-party clearing mechanism. In its securities settlement segment, the CCIL permitted certain members to become clearing members in 2020,» a source aware of the developments told ET.

income tax department is said to have detected tax evasion of nearly Rs 10,000 crore over a three-year period by etaliers selling goods via social media platforms such as Instagram and Facebook. The department has sent intimation notices to 45 such pan-India brands with more to follow. They were either not paying tax or had underreported it, ET has learnt.

Reversing climate change has defined the Trudeau government, generating the incessant virtue signalling and innumerable intrusive initiatives for which, after eight years, it is infamous. But now the entire climate project is staggering from a trifecta of reality checks — missed emission targets, public blowback against the carbon tax and, at long last, growing realization that nothing Canada does will change global temperatures.

Frontier Airlines CEO Barry Biffle provides insight on air traffic control on 'The Claman Countdown.'

Steelers on Tuesday dismissed offensive coordinator Matt Canada in the aftermath of the team's weekend defeat to the Cleveland Browns. Steelers coach Mike Tomlin stated that Matt Canada has been released from his role as offensive coordinator. Tomlin also acknowledged Matt’s diligent efforts and commitment, and extended his best wishes to him as he progresses in his career. Despite the Steelers' 6-4 record and contention in the playoff race, fan dissatisfaction with Canada grew due to the team's sluggish offense. Following the loss to the Browns, Pittsburgh found itself ranked 28th in both points scored and yards gained, with the defense playing a crucial role in keeping the team competitive. The spotlight has also been on Kenny Pickett for his performance.

Instagram post from Father's Day 2020 by Brad Pitt's adopted son, Pax, has surfaced, accusing the Hollywood star of being a «world class a**hole» and creating a «constant hell» for his four youngest children. Pax, adopted by Angelina Jolie from Vietnam in 2007, posted the scathing remarks when he was 16, accompanied by a photo of Pitt receiving an Oscar for Once Upon a Time...in Hollywood. “'You time and time and again prove yourself to be a terrible and despicable person,” he wrote. In the leaked post, Pax alleged that Pitt has made the lives of those closest to him «a constant hell» and lacks consideration or empathy toward his four youngest children, who reportedly «tremble in fear» in his presence.

De.Fi, a platform that describes itself as a “SocialFi & Antivirus SuperApp,” has achieved a major milestone with the introduction of decentralized finance (DeFi) platform De.Fi 2.0, along with an ongoing public sale of its DEFI token.

Recent assessments of economic growth across various global economies fail to inspire optimism. In the eurozone, a delicate balancing act between growth and recession is evident, highlighted by the latest figures of 0.1% year-on-year and -0.1% quarter-on-quarter.

Ramayana and the Mahabharata should be included in social sciences textbooks and the Preamble of the Constitution written on classroom walls, a high-level NCERT panel has recommended, according to its chairperson C I Issac. The seven-member committee, which was constituted last year, has made several recommendations for its final position paper on social sciences, which is a key prescriptive document for laying down the foundation for the development of new NCERT textbooks. The National Council for Educational Research and Training (NCERT) has not taken a call on the recommendations yet.

PTI as saying on Tuesday evening. He said those appearing for NET will get sufficient time before its implementation. "The UGC will revise National Eligibility Test (NET) syllabus, candidates will get sufficient time before implementation," Jagadesh Kumar said, adding that the UGC will form an expert panel for the exercise.

The Securities and Exchange Commission accused crypto exchange Kraken of securities-law violations, less than a year after unveiling a $30 million settlement with the firm over other alleged conduct.

₹1,278 crore in revenue in 2022-23, up 264% from ₹350.9 crore a year ago. Net profit jumped to ₹449 crore from a loss of ₹239 crore during the same period. In India’s burgeoning online investment market, which aims to make investing accessible and transparent to everyone, Groww competes not just with Zerodha, but also with Angel One Ltd, Upstox and other stockbrokers.

ICC Board on Tuesday shifted the next year's men's Under-19 World Cup from Sri Lanka to South Africa, 11 days after the world governing body provisionally suspended the cricket body in the island nation due to government interference. In fact it was Sri Lanka Cricket (SLC) that had reached out to ICC and notified about the government interference in the running of cricket in the country. SLC and the Sports Ministry have been at loggerheads for some time.

Stocks managed to rally yesterday, with the S&P 500 up almost 75 bps. With a large portion driven by the usual suspects. The rally in stocks continues as credit spreads narrow and financial conditions ease. This has allowed implied volatility to be sold and stocks to rally. The trade mechanics are similar to what we saw in June and July.

Unifi Capital on Tuesday said it has received capital markets regulator Sebi's in-principle approval to set up a mutual fund house. The company had applied with the Securities and Exchange Board of India (Sebi) in December 2020 for a mutual fund licence. «Our mutual fund will enable us to go deeper and wider, bringing our investment products to the full spectrum of investors for the very first time. What excites our team the most is not just having larger assets, but the opportunity to make a mark as an outstanding performer; that is what we would continue to stand for with investors,» Sarath Reddy, Founder of Unifi Capital, said in a statement. Earlier this week, Unifi received Sebi's in-principle nod to commence work on its mutual fund, the statement noted.

NAHB CEO Jim Tobin discusses the state of the housing market, American homeownership, and using family money for home down payment.