Action Financial News

Fifty oil companies are pledging to reach near-zero methane emissions.

Asian shares are mixed as investors await a slew of U.S. economic data set for release later in the week

The United States is now committed to the idea of phasing out coal power plants, joining 56 other nations in kicking the coal habit

By Makiko Yamazaki and Ritsuko Shimizu

Spotify will reduce its total headcount by around 17% across the company, it said in an email on Monday, after laying of 6% of this staff in January citing higher costs. In the latest third quarter, the company swung to a profit aided by price hikes in its streaming services and growth in subscribers in all regions, and forecast that its number of monthly listeners would reach 601 million in the holiday quarter.

Apple is gearing up to introduce a significant upgrade to its iPhone line-up with the upcoming iPhone 16 series, slated for release in the second half of 2024. Reports suggest that a key highlight of this series will be the introduction of a redesigned 'Action Button' across all models, providing enhanced functionality and user configurability.

Bharatiya Janata Party (BJP) secured victory in three major states on Sunday, boosting the ruling party’s prospects of prevailing in next summer’s general election. Experts believe the market will see a healthy rally in the near term and most sectors will participate in it because of optimism over political stability and India's healthy macro outlook. On the technical front, Axis Securities said if Nifty crosses and sustains above 20,400 level, it would witness buying, leading the index towards 20,500-20,600 levels.

Canara Bank, part of the PSU banking segment, rallied more than 20% in the last 3 months to hit a fresh record high in December 2023 and the chart pattern suggests that the rally may not be over yet. Short-term traders can look to buy the stock for a target of Rs 432 in the next 3-4 weeks, suggest experts. The PSU stock hit a 52-week high of Rs 419 on 1st December 2023. It rose from Rs 328 as on 1st September to Rs 410 recorded on 1st December which translates into an upside of about 25% in the last 3 months. The stock rose more than 5% in a week, and over 7% in a month. The PSU stock bounced back after taking support above 380 levels in the last week of November.

By Deisy Buitrago

SHANGHAI (Reuters) — China's electric vehicle giant BYD (SZ:002594) said on Sunday it would make permanent its system offering tipsters who report smear campaigns against the company up to 5 million yuan ($700,918).

I am likely to get into trouble with many of my friends for saying this, but I think the world is making extraordinary progress towards addressing climate change. It might not be fast enough to achieve emissions and temperature targets that follow from the IPCC’s studies, but in the past 15 years, we have seen first a scientific consensus and then a global political consensus on the problem definition, followed by convergence on approaches and firm international agreements on targets and timelines. Climate activists remain unsatisfied, but for students of international relations, this kind of progress is unprecedented, not least at a time when the world lacks a stable order, technological change is causing social upheavals everywhere and hundreds of millions of people around the world have entered the middle class.

Today, markets will react to the results of four state assembly elections, where BJP has won three states. «With the results of state elections giving a big victory to BJP in three states, we expect markets to open with a gap up of at least 200-250 points on Monday. Further, the gains may be cemented and we won't be surprised to see Nifty closer to the 22,000 levels before the general elections in 2024,» said Manish Chowdhury, Head of Research, StoxBox. 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 144.5 points, or 0.71 per cent, at 20,638, signaling that Dalal Street was headed for positive start on Monday.

CARACAS/GEORGETOWN (Reuters) -Venezuelans are voting on Sunday in a referendum backed by President Nicolas Maduro's government over a potentially oil-rich territory that is the subject of a long-running border dispute with Guyana.

COP28 Declaration on Climate and Health, with sources pointing out that curbing greenhouse gas use for cooling in the health sector, which is one of the points in the document, may not be practical or achievable within the country's healthcare infrastructure in the short term.

The recent rescue of 41 workmen from the Silkyara tunnel, in the foothills of the Himalayas, transcended mere technical prowess. It was a testament to the spiritual currents coursing through the veins of Himalayas, a realm where sages and revered spirits have found solace for aeons. It can be said that the rescue's triumph emanated not only from the intricate manoeuvres of the execution team but from a deeper connection to the spiritual lineage entrenched in the Himalayan domain.

Tamil Nadu DGP seeking registration of an FIR against the officials of the state Directorate of Vigilance and Anti-Corruption, who recently arrested its Madurai-based investigator, for conducting an allegedly illegal search at its office and «stealing» sensitive documents. The federal probe agency has alleged that during the DVAC raids conducted at its Madurai sub-zonal office on December 1, the officials of the state agency «ransacked the entire office of the ED.» The DVAC searches were undertaken after the department arrested the ED's Madurai stationed Enforcement Officer Ankit Tiwari for allegedly accepting a bribe of Rs 20 lakh from a doctor.

Reacher" for a third season before Season 2 even hits the streaming platform on December 15. The renewal was revealed during the Prime Video Panel at CCXP in São Paulo, Brazil, where star Alan Ritchson, from the set of Season 3, conveyed the exciting news in a video. This decision reflects the streaming giant's unwavering confidence in the show's performance and growing global audience.

Stocks were down yesterday, but a $6.5 billion buy imbalance sent S&P 500 screaming higher into the close. Yesterday was month end, which can create large buy or sell imbalances. Generally speaking, the quarter ends generate enormous imbalances, but yesterday’s was almost equal to larger, driving the market higher in the final 30 minutes of trading.

India has successfully phased out ozone depleting and climate warming chemical HCFC 141b and is ahead of schedule in eliminating another such gas, HCFCs, in new equipment manufacturing, according to a government report launched here on Sunday during the global climate talks. The report, jointly brought out by the Environment ministry and UNDP, during a side-event of the annual climate talks COP28, said that surpassing the 35 per cent phase-out target for HCFCs, India has achieved an impressive 44 per cent reduction, showcasing its commitment to collaboration and innovation to meet climate targets.

Nifty50 surged in all four sessions; it went on to move past the previous lifetime high of 20222.45 and managed to end at a fresh all-time high level. Amid high volatility, the trading range also got wider; the NIFTY moved in a range of 491.55 points through the week. While managing to maintain the gains, the headline index managed to close near its high point with net weekly gains of 473.20 points (+2.39%). While the markets rose, so did the volatility. The volatility, as represented by INDIAVIX, surged 9.29% to 12.38 on a weekly basis. From a technical standpoint, the Index remains firmly on a rising trajectory. If it continues to advance within its defined and laid path, it may go on to test the upper edge of the rising channel which translates into the levels of 20500—20650 zone. The spikes in the volatility may turn the market choppy; however, there are greater of the breakout getting extended and the Index testing the upper edge of the rising channel. After that, some consolidation cannot be ruled out. Monday is expected to see a positive and strong start to the week; the levels of 20400 and 20580 are likely to act as resistance. The supports come in at 20080 and 19900 levels. The weekly RSI is 65.90; it has marked a fresh 14-period high which is bullish. It stays neutral and does not show any divergence against the price. The weekly MACD is bearish and below its signal line; however, it looks on the verge of a positive crossover

Bluesky's moderation team to determine final actions. "We'll iterate on this so that mods can review offensive content, spam, etc. without any user seeing it first," mentioned the company in its latest post.