Action Financial News

By Davide Barbuscia

(Reuters) -Philip Jefferson on Wednesday took the oath of office as the Federal Reserve Board's new vice chair, the U.S. central bank said, as policymakers gear up for an interest-rate-setting meeting next week.

By Jonathan Stempel

VeChain (VET) is enjoying a bullish resurgence following the news that leading CEX Coinbase will be adding support for VeChain and VeThor (VTHO).

Pakistan government fears an oil crisis as retail outlets of some oil marketing companies (OMCs) were reportedly found dry at a few locations in the country, The Express Tribune newspaper reported. The Express Tribune is an English-language newspaper in Pakistan. The country's Petroleum Division called upon the Oil and Gas Regulatory Authority (Ogra) chairman to take regulatory action against those companies operating dry retail outlets. Oil Director General Imran Ahmed in a letter dated September 12, informed the Ogra chairman that the energy minister had taken serious notice of the development, and directed that the regulatory authority may mobilize its enforcement team to ensure that all OMCs keep their retail outlets wet and well-supplied with the petroleum products. Referring to the Ogra/Oil Companies Advisory Council (OCAC) daily reports, the DG oil's letter also highlighted that the country currently possessed sufficient stocks of petrol (MS) and high-speed diesel (HSD), stressing that any attempt to hoard petroleum products must be strongly discouraged and curbed, as per The Express Tribune. The letter emphasized that regulatory action may be taken against any OMC maintaining stocks lower than the mandatory requirement to stave off any potential countrywide shortage of petroleum products. The DG Oil also forwarded the critical directive to the OCAC secretary general and the Oil Marketing Association of Pakistan (OMAP) chairman. Due to the expected hike in oil prices, some of the petrol pumps in a bid to gain more inventory benefits, at the end of every fortnight, are used to the practice of seeking additional quantity of petroleum products when the oil prices are estimated to go up, as per the Express Tribue.

Three quarters of family offices are shifting their primary focus towards wealth and investment management according to a new global survey from Citi Private Bank’s Global Family Office Group.

Bollywood had their redemption arc! The '90s stars have come back with a vengeance this year. From being almost written off by the tabloids as stars past their peak, to being back with a bang, silencing detractors with not just hit, but blockbuster comebacks, the 90’s leading men have proved that while the hairs may have turned silver from charcoal, their BO pull is as intact as ever!

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Ukrainian presidential adviser Mykhailo Podolyak courted controversy with his comments on the ‘intellectual potential’ of Indians and Chinese. Podolyak's statement, which was published in an article by Sputnik, quoted him saying that India and China exhibits ‘weak intellectual potential’ and ‘fail to analyze the consequences of their actions’. "What's wrong with India, China, and so forth? The problem is that they are not analyzing the consequences of their steps, these countries have weak intellectual potential, unfortunately," Sputnik quoted Podolyak.

New Delhi Declaration adopted at the G20 Summit emphasised the «strengthening» of the fight against illicit trafficking of cultural property at the national, regional or international levels to enable its «return and restitution» to their countries and communities of origin.

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Stellar Lumens (XLM) price action is hitting the deck, after a disappointing -8% market reaction to the release of the 'Real World' campaign by the Stellar Organisation in collaboration with Idris Elba.

President Droupadi Murmu on Wednesday virtually launched ‘Ayushman Bhav’ campaign as well as the Ayushman Bhava Portal, from Raj Bhawan Gandhinagar Gujarat. While addressing the nation, President Murmu said that the multi-ministerial approach adopted by the campaign to achieve the ambitious goal of delivering healthcare services to the last mile of the country.

Binance.US Chief Executive Officer Brian Shroder has left the crypto trading platform and been replaced on an interim basis by Chief Legal Officer Norman Reed, according to a company spokesperson.

EmotiCoin (EMOTI) has emerged as the break-out on-chain token of the week, as dramatic upside price action is bolstered by high-octane tokenomics.

ALSO READ: SC issues notice to govt on ‘zero tolerance rules’ for unruly airline passengers Before the pair is revealed, laughter can be heard in the cabin, with someone shouting 'come on' to the staff member, added the report. A fellow passenger close to the action screeched: “Oh my f***ing God".

Narendra Modi to have him expelled from the Cabinet. Kailash Meghwal had also alleged that Arjun Meghwal had many corruption cases against him and “took money from everyone" when the Union minister was an officer. On Wednesday, Kailash Meghwal had doubled down on his accusations of Arjun Meghwal and said that there is factionalism in BJP.

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Karnataka Chief Minister Siddaramaiah convened a meeting of his cabinet on Wednesday to discuss the next course of action after the Cauvery Water Regulation Committee directed the state government to release 5,000 cusecs of water to neighbouring Tamil Nadu over the next 15 days. Deputy Chief Minister DK Shivakumar, who additionally handles the Irrigation portfolio, was in attendance at the meeting along with other cabinet members. The meet started at 12 noon. Even on Tuesday, CM Siddaramaiah chaired an emergency cabinet meeting on the Cauvery water sharing issue. Deputy CM Shivakumar is scheduled to meet Union Jal Shakti Minister Gajendra Singh in the next few days over the Cauvery dispute. Earlier, on Tuesday, the Cauvery Water Regulation Committee (CWRC) recommended that the Karnataka government release 5,000 cusecs of water to Tamil Nadu for 15 days, starting Wednesday, against the demand for 12,500 cusecs of water by the DMK government in the neighbouring state. «DK Shivakumar will travel to Delhi to meet Jal Shakti Minister Gajendra Singh Shekhawat after attending the meeting of the cabinet (on Wednesday),» an official said. CM Siddaramaiah on Monday accused the central government of dragging its feet in clearing the Mekedatu project, adding that the people of Tamil Nadu were creating unnecessary disputes over Cauvery. Shivakumar also accused the Bharatiya Janata Party and the Janata Dal (Secular) of 'doing politics' on the Cauvery water-sharing issue. Earlier, former Karnataka chief minister and BJP leader Basavaraj Bommai said the state government needs to be firm in its stand in the issue and stop sharing Cauvery water with Tamil Nadu. Earlier, the Tamil Nadu government approached the Supreme Court seeking

In the wake of Nipah infection rise, State Health Minister Veena George said that the virus strain seen in Kerala was the Bangladesh variant that spreads from human to human and has a high mortality rate, though it is less infectious. The Health Minister on Tuesday confirmed that the two people died at a private hospital on Monday in Kozhikode due to Nipah infection.

Apple's iOS 17 is set to take the iPhone experience to the next level, offering an array of new features and enhancements for both the newly launched iPhone 15 series and older models. This free software update, officially available from September 18, promises to redefine how users interact with their iPhones.