2020 Financial News

Pakistan prime minister Nawaz Sharif has arrived in the UAE to meet a select group of people a day ahead of his return to Pakistan without the fear of immediate arrest upon landing, according to a media report on Friday. Sharif, also the Pakistan Muslim League-Nawaz (PML-N) supremo, landed in Dubai late on Thursday night and is expected to return to Pakistan on a chartered flight, ending a self-imposed four-year exile in London, Geo News reported. In Pakistan, the Islamabad High Court on Thursday provided temporary relief to Sharif as it granted the 73-year-old former prime minister a protective bail in the Avenfield and Al-Azizia corruption cases until October 24.

Vidyanathan K. T, Salem, Tamil Nadu The Securities and Exchange Board of India (SEBI) launched the Request for Quote (RFQ) platform in 2020 to provide a transparent and efficient way for investors to trade in corporate bonds. The RFQ platform allows investors to request quotes from multiple dealers for a particular bond, and then choose the best offer.

There are many who believe this weekend’s semi-finals are merely formalities ahead of a Rugby World Cup final between New Zealand and South Africa in Paris on Saturday week.

Sydney-based private equity firm Crescent Capital has appointed Deloitte to help sell its swimwear business Tigerlily, known for its bohemian prints and feminine styles, three years after emerging from voluntary administration.

economic data suggested the economy is stabilising and a weaker yuan constrained further monetary easing. The one-year loan prime rate (LPR) was kept at 3.45%, while the five-year LPR was unchanged at 4.20%. Better-than-expected third quarter gross domestic product (GDP) and retail sales data suggest China's economic recovery has started to improve, needing less monetary support. «Economic activity has stabilised and authorities can afford to wait a while before deploying more monetary easing down the road,» emerging market analysts at TD Securities said in a research note. Bearish sentiment over the yuan was also seen as a factor against further rate cuts.

Union Pacific's third-quarter profit fell 19% as the railroad hauled about 3% fewer shipments and costs remained high, but the average speed of its trains improved 5% as new CEO Jim Vena began to tweak the operations

By Rodrigo Campos and Mayela Armas

NEW DELHI : Singapore is in talks with India to build industrial training and skilling institutes in India, according to persons aware of the matter. Skill development was made a key pillar of the strategic partnership between the two countries during education minister Dharmendra Pradhan’s visit to Singapore in May.

Kidz About, located in the Spectrum building in Swindon, was already slated for closure in the near future. However, torrential rain recently caused damage to the center's serving area, kitchen, and toilets over the weekend. As a result, this beloved soft-play center had to close its doors ahead of schedule. Sadly, this marked the second time in just a few weeks that the facility had fallen victim to flooding. Alistair Burnett, the managing director, expressed that it was time to take decisive action in response to these recurring challenges. Much of northern Europe braced for stormy weather and gale-force winds from the east on Thursday, with authorities warning that floods could cause major problems in inland Danish waters, in the Baltic Sea and in the north of the UK, as per an AP report. Danish broadcaster TV2 reported that the region would likely see the worst flooding in 110 years, and the Danish Meteorological Institute said waves could reach 4 meters (13 feet) along east-facing coasts. In the UK, the Met Office issued a rare red alert — the highest level of weather warning — for parts of Scotland, warning of «exceptional rainfall» Thursday and Friday and the possibility of a «danger to life» from extensive flooding. The last red alert in the UK was issued in 2020. Officials warned Scots to stay away from coastal areas. In Ireland, the storm — named Storm Babet by UK officials — brought flooding to several towns and villages, with some areas remaining under water and without power Thursday. Soldiers helped with evacuation measures in the town of Midleton in County Cork, where more than 100 properties were flooded.

Co-living operator Settl., which is managing 3,500 beds across Bengaluru, Gurugram and Hyderabad, plans to enter the Chennai market where it will soon launch 300 beds catering to working professionals.

India is witnessing a worrying trend of spurt in financial frauds. An IIT-Kanpur study shows that between January 2020 and June 2023, financial scams accounted for more than 75 per cent of all the cybercrimes that were reported in the country. Most of these financial scams were related to digital banking and UPI payments. Nowadays, cyber criminals have begun to target people by using the fault in the newly-launched Aadhaar-enabled Payment System (AePS).

₹1,020 crore on 20 October, as the Japanese fund plans a full exit from the food delivery business. SoftBank’s stake sale decision in Zomato follows the latter’s dramatic rise in market price over the past year. According to exchanges, over the past one year, Deepinder Goyal-founded Zomato’s price has gone up by 80% to ₹111.65 from ₹62.05.

Hindustan Times. Referring to security and development assistance provided to the Indian Ocean archipelago by New Delhi, external affairs ministry spokesperson Arindam Bagchi told a regular media briefing that the Indian side’s cooperation with the Maldives is based on jointly addressing shared challenges and priorities. While responding to several questions on the Belt and Road Forum hosted by China and Muizzu’s comments endorsing the BRI, Bagchi said that India’s position on BRI, including the programme’s “lack of respect for our sovereignty and territorial integrity are well known and consistent".

The recent precipitous decline in long-term bonds has brought about a flurry of discussions among the investor and financial analyst communities, drawing notable parallels with some of the most infamous market downturns in history. Bonds with a maturity of 10 or more years have witnessed a 46% decline since their peak in March 2020, which closely mirrors the 49% drop in US stocks in the aftermath of the dot-com bubble at the turn of the century​​. The situation is even more alarming for 30-year bonds, which have plummeted 53%, nearing the 57% slump in equities during the 2008 financial crisis​.

Stock Connect is a mutual market access programme that connects Mainland Chinese markets with Hong Kong markets. The most recent addition to Stock Connect is called HKEX Synapse. The platform intends to standardise and simplify post-trade operations, with the end goal of lowering settlement risks and improving operational efficiency. Institutional investors, especially those whose operations span many time zones, will be able to make use of it as an optional service when it becomes available.

South Indian Bank reported 23% growth in net profit for the quarter ended September'23 on better credit quality and improved profitability. The bank declared net profit of Rs 275 crore for the September 2023 quarter compared to Rs. 223 crore in the same period a year ago.

Competitive forces have been on the decline in Canada at the same time as profits and price markups are on the rise, a new report from the Competition Bureau finds.

(Reuters) -Royalty Pharma said on Thursday it has purchased additional royalties on Roche and PTC Therapeutics (NASDAQ:PTCT)' oral spinal muscular atrophy (SMA) drug for an upfront payment of $1 billion.

Travis Kelce, the famous Kansas City Chiefs tight end, and his surprise obsession with Taylor Swift, the 12-time Grammy award-winning performer. The 34-year-old and 33-year-old have been often seen together, with their most recent public appearance being a photo of them holding hands in New York City. Travis Kelce splurged on Tuesday to protect his family's privacy as public scrutiny mounted.

Prince William and Kate Middleton, have been deeply affected by Meghan Markle and Prince Harry's choice to leave the Royal Family in 2020. According to a source, the departure of the Duke and Duchess of Sussex increased Prince William and Kate's workload, leaving them dissatisfied and with more important obligations. The source expressed, «Prince William and Kate are feeling incredibly resentful towards Meghan and Harry for leaving them to pick up the work they dropped when they moved to the States.

Communities across the U.S. are confronting a new vaping problem: how to get rid of millions of disposable e-cigarettes that are considered hazardous waste