Action Financial News
14.09 / 02:15
FIVE
Action
Fulton
Trump
Donald Trump waives right to speedy trial as Georgia prosecutor seeks to try him with 18 others next month
Donald Trump and some other defendants are waiving their right to seek a speedy trial in the Georgia case in which they are accused of participating in an illegal scheme to overturn his loss in the 2020 presidential election. The filings are part of the legal maneuvering as Fulton County District Attorney Fani Willis seeks to try all 19 defendants together starting next month. Most of the defendants have sought to separate their cases from some or all of the others, with many saying they will not be ready by Oct.
14.09 / 01:33
Provident
Action
Shell
exclusive
N Chandrababu Naidu: ‘Money trail’ clearly points to skill development scam in Andhra Pradesh, claims CID
₹3,300 crore, across Andhra Pradesh. officials believe this project has caused the state an excess loss of ₹300 crore. CID investigators claim that most of the ₹371 crore advanced by the state was channelled to shell companies using fake invoices.
13.09 / 23:41
Digital
VISA
Action
HSBC
track
network
UK to test Regulated Liability Network concept for retail payments
The move to expand the programme follows an earlier pilot in 2022 conducted by EY and a subsequent 'Discovery Phase' held in consultation with market participants, including Barclays, Lloyds, HSBC, Santander and Visa. It follows a recent PoC run by the Federal Reserve with a clutch of top banks that demonstrated the feasibility of an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger. While the UK Discovery Phase explored the delivery of a RLN for wholesale paymnts, the PoC will track the retail consumer market. This would test the use case for a RLN that would provide commercial bank money with the equivalent programmability of a future digital pound, in this way ensuring competitive consistency in the event of a full scale CBDC roll out. The importance of this was emphasised in a speech given in July by Bank of England governor Andrew Bailey, who stated: "We want to encourage more thinking and action in the world of enhanced digital bank deposits - sometimes call tokenised deposits.
13.09 / 20:07
Cooper
Action
Matthews
US will impose sanctions on Russia, North Korea for any new arms deals: State Dept
Biden administration «won't hesitate» to impose more sanctions on Russia and North Korea if they conclude any new arms deals, the U.S. State Department said on Wednesday. State Department spokesperson Matthew Miller issued the warning at a briefing in response to questions about the meeting in Russia between Russian President Vladimir Putin and North Korean leader Kim Jong Un. «We have taken a number of actions already to sanction entities that brokered arms sales between North Korea and Russia and we won't hesitate to impose additional actions if appropriate,» Miller said. It was troubling that Russia and North Korea are discussing increased cooperation that could violate U.N.
13.09 / 20:07
Action
country
WTO
reform
2024
WTO reform, food security, ecomm among issues for 2024 ministers' meet: WTO DG Ngozi Okonjo-Iweala
Ngozi Okonjo-Iweala on Wednesday said food security, reform of the multilateral trade watchdog, development agenda, moratorium on ecommerce transactions, and fisheries subsidies agreements are the deliverables for the ministerial conference (MC) next year. She also said that work is on to introduce «deliberative sessions» at the MC13 for ministers to discuss issues related to carbon taxes, climate, MSMES, women, industrial subsidies and trade. «For MC13, we're trying to get a breakthrough in food security and agriculture but the issues are tough. Some members want to look at trade distorting subsidies and others want to work on stockholding (issues) like India,» she said. Public stockholding is a policy tool used by governments to purchase, stockpile and distribute food when needed.
13.09 / 19:51
UPS
Provident
Aware
Action
Fighting
Airlines
Go First lenders jittery on interim finance
MUMBAI : Lenders to Go First have turned wary of extending more loans to help the grounded airline return to skies, two people aware of the matter said, given the protracted legal battle between the company’s lessors and the resolution professional. The banks had agreed to grant an interim financing of ₹600-700 crore to help the low-cost airline take off with a lean fleet and stay afloat. “The lenders have already disbursed an interim financing of ₹100 crore to Go First," one of the two people said on condition of anonymity.
13.09 / 19:51
Action
IBC
resolution
NCLT nixes Torrent plea over RCap resolution approval
Reliance Capital’s resolution plan till the Supreme Court passed a final order. In April, the Hinduja Group emerged as the sole bidder for turning around the debt-laden firm, after the lenders completed the extended challenge process. The NCLT must now approve the Hindujas’ resolution plan, to complete the process under the Insolvency and Bankruptcy Code.
13.09 / 19:37
Platform
Action
CBS
Actor
Pride
show
Time
Buddy Games: See release date, time, teams, prize money, where to watch on TV, live stream and more
Buddy Games, hosted by actor Josh Duhamel, is set to debut on CBS at 9 p.m. ET on Thursday, September 14, 2023. The show features six teams of four participants, competing in physical and mental challenges for a chance to win $200,000. Duhamel drew inspiration from his own annual tradition with friends to create this unique series.
13.09 / 19:25
Citi
Provident
Action
PwC
Discover
awards
Uni scraps PwC contract over Scyne concerns
Edith Cowan University has moved to terminate a contract with PwC to manage its $853 million campus project in Perth amid concerns the work was scheduled to be moved to the big-four firm’s public sector consulting spin-off, Scyne.
13.09 / 18:19
Provident
Action
Telcos need to refund overcharged amount to users in three months
auditor that they have been overcharged. The telcos need to refund the amount within 3 months of the receipt of the audit observation, the sector regulator said. The measures are part of quality of service (code of practice for metering and billing accuracy) regulations, 2023, notified by the Telecom Regulatory Authority of India (Trai) on September 11.
13.09 / 18:09
13.09 / 17:35
COST
UPS
Target
Ford
Manufacturing
Action
UAW
The UAW Is Preparing for a Strike: Here Is What to Know
Talks between the United Auto Workers union and the Detroit automakers are facing a looming deadline with the labor agreements at General Motors, Ford Motor and Jeep-maker Stellantis set to expire at 11:59 p.m. ET Thursday. If a deal hasn’t been reached, UAW President Shawn Fain has made clear he is ready to strike with plans to target specific U.S.
13.09 / 16:17
Citi
Citizens
Action
Southern
country
Baltic states ban vehicles with Russian license plates in line with EU sanctions interpretation
Estonia, Latvia and Lithuania have banned vehicles with Russian license plates from entering their territory as part of the European Union’s recent new interpretation of sanctions against Moscow over its war on Ukraine
13.09 / 16:17
Action
Airlines
Hudson
Australia's highest court finds Qantas illegally fired 1,700 ground staff during pandemic
Qantas Airways has lost its challenge to a court ruling that the Australian flag carrier had illegally fired 1,700 baggage handlers, cleaners and other ground staff at the height of pandemic travel disruptions
13.09 / 16:17
UPS
Booking
Action
McDonald’s
show
star
Japanese boy-band production company sets up panel to compensate sexual assault victims
The Japanese boys-band production company at the center of an unfolding sexual abuse scandal, Johnny & Associates, has selected three former judges to head its effort to compensate hundreds of victims
13.09 / 16:17
13.09 / 16:11
UPS
Action
Remark
country
Ukrainian presidential adviser kicks up storm; says Indians have ‘weak intellectual potential’
Mykhailo Podolyak has kicked up a controversy by saying India and China have “weak intellectual potential” and that they “do not analyse the consequences” of their actions. The comments, coming days after the G20 summit hosted by India, may dent bilateral ties which are currently are limited in nature. «What’s wrong with India, China, and so forth. The problem is that they are not analysing the consequences of their steps, these countries have weak intellectual potential, unfortunately,” Podolyak said in an interview to Ukrainian media on Tuesday. “Yes, they invest in science.
13.09 / 16:11
UPS
Action
show
investment managers
Emkay Investment Managers appoints Manish Sonthalia as Chief Investment Officer
Emkay Investment Managers (EIML) has announced the appointment of Manish Sonthalia as its Chief Investment Officer. Sonthalia joins EIML, the asset management arm of Emkay Global Financial Services, from Motilal Oswal Asset Management Company, a company release said. A qualified chartered accountant and company secretary, Sonthalia served as an Executive Director and CIO for PMS, Alternates, and Offshore Investments in Motilal Oswal AMC and managed assets worth nearly Rs 6,500 crore, the release said. “Emkay Investment Managers has built great prowess in offering a diverse set of equity investment opportunities for clients seeking prudent wealth creation in the Indian capital markets.
13.09 / 16:05
UPS
Extreme
Action
BAY
UBS
Today’s world war on inflation is yielding no winners
Another month, another suspenseful inflation number. India’s 6.8% rise in the Consumer Price Index (CPI) on Tuesday was lower than expected because of slower-rising vegetable prices that however still jumped 26%. The US’s August inflation number released on Wednesday, meanwhile, disrupted the cheery view that the US economy is managing to avoid a recession while inflation does the Federal Reserve’s bidding without needing more interest rate hikes.
13.09 / 15:51
UPS
CEO
Action
love
Viacom18 will offer India-Australia ODI series for free on JioCinema
JioCinema in 11 languages for free. On linear and offline TV, the series will be aired live on Colors Tamil (Tamil), Colors Bangla Cinema (Bengali), Colors Kannada Cinema (Kannada), Colors Cineplex Superhits (Hindi), Sports18-1 SD, and Sports18-1 HD (English). The series is of great significance for both sides, as they will look to find momentum leading up to the 50-over World Cup. The expert panel for the series across languages will include Suresh Raina, Kedar Jadhav, Aakash Chopra, Nikhil Chopra, Amit Mishra, Anirudha Srikkanth, Abhinav Mukund, Hanuma Vihari, Venkatpathy Raju, Sarandeep Singh, Reetinder Singh Sodhi, Rahul Sharma, VRV Singh, Kiran More, Sheldon Jackson, Bhargav Bhatt, Jatin Paranjpe, Shreevats Goswami, and VA Jagadeesh, among others. After shattering all records and establishing unprecedented levels of engagement, viewership, and concurrency during the IPL 2023, JioCinema will offer viewers their favorite sport in a never-seen-before presentation for free.
13.09 / 15:51
UPS
Provident
Action
NIFTY
show
Ahead of Market: 10 things that will decide D-Street action on Thursday
Here's how analysts read the market pulse: «The domestic indices resumed their upward trajectory despite weak global cues. The cooling of domestic CPI inflation to 6.83% in August and the rise in industrial production data reaffirmed the robustness of the Indian economy.
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