Compilation Financial News

US fund managers suffered their worst-ever quarter for ESG-focused products as the pace of client redemptions intensified.

job market, the appeal of work-from-anywhere positions has surged, offering professionals the flexibility to pursue their careers from any location. This trend comes amidst increasing mandates for remote work and tightening restrictions imposed by employers. Jobs portal FlexJobs in its study report 'Top 30 Companies That Hire for Work-From-Anywhere Jobs' looked at data between January 1 and December 31, 2023, to identify the top 30 companies with a high volume of work-from-anywhere job postings.

Citigroup Inc. sold a large debt offering in the Canadian-dollar bond market for the first time in nearly a decade as U.S. banks seek to diversify funding after reporting earnings.

trading volumes slumped in India ahead of voting in national elections that started Friday, as factors from tight global interest rates to geopolitical turmoil and searing local temperatures spurred caution on a market trading near peak levels. Daily cash turnover slipped below $13 billion last week compared with a peak of $17 billion in February, data compiled by Bloomberg based on 20-day averages show.

It’s entirely possible to secure a personal loan if you’re self employed. Although it might present a bit more complexity compared to individuals with conventional employment, lenders are generally open to collaborating with self-employed applicants.

Paris, while France will get a major host-nation bump from eighth to third, according to a forecast 100 days out from the opening ceremony. The Gracenote virtual medals table, which is compiled using results data from key global and continental competitions since the Tokyo Olympics, has the U.S. on top both on gold medal count (39) and total medal count (123). The U.S. will host the next Olympics after Paris in Los Angeles in 2028.

Morgan Stanley is cutting at least 50 investment banking jobs in Asia Pacific, three sources said, becoming the latest among global banks to scale back operations in the region mainly due to a slump in China markets. The layoffs affect around 13% of the Wall Street bank's Asia investment banking workforce of 400 in the region, according to one of the sources.

Happy Ram Navami Wishes in Hindi & English: Ram Navami is considered by Hindus as one of the most auspicious and sacred festivals, celebrated annually. This year, Ram Navami is scheduled for April 17, Wednesday, commemorating the birth anniversary of Lord Rama. The festival falls on the ninth day of Navaratri, a Hindu festival spanning nine consecutive days, symbolizing the triumph of good over evil, fostering prosperity, hope, and positivity among your loved ones. Ram Navami signifies the conclusion of the Navratri fasts. During this period, individuals venerate the nine forms of Goddess Durga and earnestly pray for the well-being of their dear ones. They engage in Kanya Puja, presenting gifts and prasad to young girls, seeking their blessings as manifestations of Goddess Durga. Additionally, they offer prayers to Lord Rama, recite the Ramcharitmanas, and conduct aarti as a gesture of reverence towards the deity. Here, we have compiled a selection of wishes for your beloved ones on the sacred occasion of Ram Navami.

₹7 lakh income, ₹50,000 standard deduction for salaried individuals and lower tax rates. “The government has structured the new scheme in a way that the tax outgo is either low or at par with the old scheme unless the taxpayer is claiming substantial tax deductions and exemptions," he said. For net incomes up to ₹7.5 lakh, the new tax regime is the straightaway choice as you get the tax rebate after claiming the ₹50,000 deduction.

JPMorgan Chase & Co. and Kotak Mahindra Bank to help arrange Hexaware Technologies Ltd.’s planned initial public offering in Mumbai this year, according to people familiar with the matter. The US investment firm plans to hold the IPO as early as in the fourth quarter of this year, the people said, asking not to be identified as the deliberations are private. More bankers will likely be added for the potential $1 billion offering, which may value the Indian information technology company at as much as $6 billion, they said.

Prime Minister Narendra Modi, India’s stocks have commanded an unprecedented premium to emerging-market peers. As he seeks a third successive term, investors are betting that the performance can continue. Modi is likely to spend heavily on manufacturing and infrastructure should he win, continuing a strategy that wooed money managers during his decade in power. The stock market has rallied to successive records, while India’s imminent inclusion in a major global bond index is expected to lure billions of dollars in inflows.

Congress leader Priyanka Gandhi Vadra on Saturday said that even the graduates from the Indian Institute of Technology are not getting jobs under the BJP-led Centre. Addressing a public meeting in Haridwar, Priyanka Gandhi said, " There is rising unemployment in the country. PM Modi has only given unemployment to this nation. Even IIT graduates are not getting jobs under the Modi government. The Centre's scheme and policies are not employment-oriented. The government is handing over PSUs, Railways, and ports to their business friends. So basically all these jobs are going away to the corporates," Priyanka Gandhi said. Congress General Secretary further said that small-level businesses in the country are suffering due to the poor economic policies of the BJP.

Cocoa and coffee futures reached new highs on mounting concerns of extreme weather, while aging trees in Africa cocoa crops and Vietnam coffee areas added to concerns. “Speculators are drawing parallels between cocoa and coffee, which is a bit surprising,” Rabobank analyst Carlos Mera said, adding that trees getting older in Vietnam is one of the reasons coffee production in the country is not expanding. New York cocoa futures rose to the highest in data going back to the 1960s, extending a rally driven by declining production in top-growers Ivory Coast and Ghana. Gains for most-active contract accelerated after prices broke the $10,000 mark, a level that hasn’t been seen since almost two weeks ago.

government has set the target of producing 170 million tonnes of coal from captive and commercial coal blocks in the country during the current financial year. In FY24, captive and commercial coal blocks produced 147.12 million tonnes (MT) of dry fuel, 26 per cent higher from 116 MT produced in FY23. According to an official, additional secretary, coal, M Nagaraju this week reviewed the coal production targets for FY25. Representatives of 74 coal mines were present in the review meeting. "Coal block allottees are confident of achieving the production target of 170.0 MT in 2024-25," the official said.

Bank of Nova Scotia plans to underwrite local bonds in Brazil and offer cash-management services there as it expands in Latin America’s biggest nation.

UBS managing director and senior portfolio manager Jason Katz says the 2% inflation target is arbitrary on Varney & Co.

South Korean youth debt is on the rise, with crypto investments leading many desperate young people to bankruptcy courts, new data shows.

Biocon is building capability “to take advantage of what could be a very, very strategic peptide opportunity with GLPs at the center," Group Chief Executive Officer Peter Bains told analysts in November. The loss of exclusivity for GLPs will create a multibillion dollar market over the next 10 years and this opportunity was “very complementary" to Biocon’s current biologics business, according to Bains. In the UK, Mittal said the company will wait for the publicly-funded, National Health Service, to issue a tender to launch its liraglutide injectible.

At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia Corp. and a 50% jump in a key US index for semiconductor manufacturers in less than a year, investors are pointing toward emerging markets for better value and a bigger pool of options.

India's coal import rose by 13 per cent to 21.64 million tonnes (MT) in February as some buyers took fresh positions to replenish stocks ahead of summer, according to online marketplace mjunction. The country's coal import was 19.15 MT in the corresponding month of FY23. «Coal imports in February 2024 were up by 13 per cent as against 19.15 MT in February 2023,» as per the data compiled by mjunction. Of the total import in February, non-coking coal import increased to 13.77 MT compared to 11.68 MT imported in the year-ago period.

was approved by both Houses of Parliament. The Lok Sabha passed the bill on August 1, followed by the Rajya Sabha's approval through a voice vote on August 7.