Compilation Financial News

By Richa Naidu and Helen Reid

IAS), choosing the right coaching institute is a critical decision that can shape your future. With a multitude of options available, each claiming to be the best, making an informed choice can be a daunting task. «Becoming a civil servant is not just about clearing an exam; it's about shouldering the responsibility of driving positive change in society.

Vanguard Group Inc. is planning its first active exchange-traded funds in two years, with both new planned products focused on the fixed-income market.

Virginia Lenore MacColl, who, at the age of 71, has received the title of world’s oldest female ninja by Guinness World Records. In a true testament to the saying «Age is just a number,» MacColl has shattered stereotypes and proven that determination knows no bounds.

Long-term Recurring Deposits (RDs) offer several benefits for people looking to save and grow their money over an extended period. They offer a disciplined and predictable way to save and grow your money over an extended period. RD is particularly beneficial for individuals, for example, senior citizens, who want to achieve specific financial goals or prefer low-risk investments with guaranteed returns.

LONDON (Reuters) — The euro zone economy will likely contract in the third quarter and won't return to growth anytime soon, a survey showed, even though a downturn in the bloc's business activity eased slightly in September.

BERLIN (Reuters) — German business activity fell for the third consecutive month in September due to a sustained decline in demand for goods and services, pointing to a «deep» economic contraction in the quarter, a preliminary survey showed on Friday.

TOKYO (Reuters) — Japan's factory activity contracted for the fourth straight month and the service sector growth slipped to an eight-month low, a survey showed on Friday, highlighting the challenges facing the economy as it struggles to mount a strong recovery.

BlackRock Inc. and other money managers spent years rolling out sustainable funds, seeking to capitalize on surging interest in ESG investing. Now they’re abandoning an increasing number of those products in the U.S. amid political backlash and investor scrutiny.

Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Canadian Prime Minister Justin Trudeau accused the Indian government of a role in the murder of a Canada-based Khalistani leader earlier this year. The Sensex snapped an 11-day winning streak amid a weakness in global markets, with crude oil prices nearing $100 a barrel.

SHANGHAI (Reuters) — As China's stock market struggles to recover, regulators have started to probe some hedge funds and brokerages on quantitative trading strategies amid a growing outcry against a sector able to profit from share price falls and volatility, sources said. The China Securities Regulatory Commission (CSRC) has checked with several major brokers over the past weeks about short-selling activities and trading strategies of their quant clients — funds that trade rapidly using derivatives and data-driven computer models, two people with direct knowledge of the probe said. Separately, the Shanghai and Shenzhen stock exchanges, under the CSRC's guidance, have sought information from major quant funds on their money-making strategies, another source said. «They want to know the logic of the trading (strategy), the source of the profit; under which situation you hold net long, or net short positions… and the reason behind buy and sell orders,» the source said.

debt by India Inc hit a record high in the last financial year as a recovery in economic growth and surging interest rates abroad prompted companies to flock to the local market to raise capital. Resource mobilisation in the private placement market was at ₹8.83 lakh crore in FY23, the highest on record, provisional data in the Reserve Bank of India's latest Handbook of Statistics on Indian Economy showed. In 2021-22, funds raised through private placement were at ₹6.32 lakh crore, the data showed.

Royal Bank of Canada pushed ahead with a round of job cuts in its capital markets operations, part of broader reductions announced in August that may climb above 1,000 positions and are aimed at helping the bank deal with a challenging economic environment.

Bank of America Corp.’s Savita Subramanian is the latest Wall Street strategist to boost her target for the S&P 500 after the sharp rally in 2023 left forecasts in the dust.

Markets may be underestimating the risks of both a US recession and one more interest-rate hike from the Federal Reserve, making haven assets a preferred play, according to Pacific Investment Management Co. 

Key Takeaways Among S&P 500 companies that fully disclosed the race & ethnicity breakdown of their boards, the average number of non-white board members rose to 2.4 in 2022 from 2.2 in 2021. That number ranged from 3.2 in the financial sector to 1.9 in the renewable-energy sector.Companies in the technology and communications sector showed the largest increase in the number of non-white directors.

In a surprising turn of events, the central government called for a special session of Parliament from September 18 to 22, merely weeks after the conclusion of the Monsoon Session on August 11.

Sales of additional shares in listed companies in the country have surpassed $10 billion this year, more than the tally for all of 2022, according to data compiled by Bloomberg. The momentum can sustain into next year and beyond as owners of Indian companies are keen to raise funds for other investments, said Abhinav Bharti, India head of equity capital markets at JPMorgan.

The chief investment officer at Nippon Life India Asset Management Ltd. says it’s increasingly difficult to find opportunities in the $3.8 trillion market, where benchmarks have just hit record highs.

World Trade Organization in Geneva early this week was unambiguous: A global economy split into rival trading factions would reduce real incomes 5% — maybe double that amount in poor countries. The next day, the European Union launched what some of the 27-nation bloc’s most well-known industries — ranging from Airbus SE to cosmetic producers and wine makers — worry could land them on the punishing end of a trade war with China. Since the European Commission’s announcement Wednesday of a new anti-subsidy inquiry into Chinese electric vehicles, which might lead to duties on Made-in-China EV imports, European businesses are scrambling to assess their exposure to a potential tariff barrage between two of the world’s largest economies. That’s because President Xi Jinping’s government has shown a determination to respond to punitive trade measures — like former US President Donald Trump’s tariffs — with its own reciprocal restrictions. The most powerful tool Beijing can wield is restricting access to its huge domestic market. French Finance Minister Bruno Le Maire, speaking to Bloomberg Television on Friday, signaled that perhaps a new era has arrived, one where “the EU starts thinking about its own interest.”‘Powerful Signal’ With the Chinese subsidy investigation, Brussels “wanted to send a powerful signal,” former EU Trade Commissioner Cecilia Malmstrom told Bloomberg News in an interview.

The world's most popular cryptocurrency, Bitcoin, has been steadily climbing over the past few weeks, surpassing the $26,500 level today. The Bitcoin price currently stands at $26,560, with a 24-hour trading volume of $9.6 billion.