Country Financial News

Jaishankar on Thursday met US National Security Advisor Jake Sullivan and discussed the progress in bilateral relations between the two countries and ways to take it forward. Jaishankar, who arrived here from New York on Wednesday after addressing the 78th General Assembly session of the United Nations on Tuesday, will meet US Secretary of State Antony Blinken later in the day. «Began my Washington DC visit with a meeting with NSA @JakeSullivan46.

WASHINGTON (Reuters) — The leadership of Silicon Valley Bank and its government supervisors failed to quickly recognize risks looming in the firm before its March failure, according to a report from the Federal Reserve's inspector general.

By Scott Murdoch and Ziyi Tang

By Jan Strupczewski

Travis King who crossed to North Korea from South Korea two months ago, has returned to the US. Confirming his arrival, an official with the US Department of Defense said that the private soldier landed in San Antonio early Thursday. In a statement issued Wednesday, Army spokesman Bryce Dubee said that Travis King could face future action from the Army, but for now, the focus is on his «well-being and privacy.»

Ashwin Dani, whose father co-founded one of Asia's biggest paint companies, Asian Paints, where Dani was the non-executive chairman, India's industry has lost an innovative entrepreneur and yoga a tireless evangelist. Dani, a steadfast disciple of legendary Yoga guru BKS Iyengar, had set up an Iyengar Yoga studio at his home in Mumbai. According to Forbes India, Dani's real-time wealth currently stands at $7.7 billion. With Dani's technological expertise and entrepreneurial zeal, Asian Paints lived up to its name and became Asia's second-biggest paint company after decades of leadership in the Indian market.

Homeless shelters in Argentina's capital are seeing demand soar as more people are struggling to make ends meet amid an annual inflation rate above 100% that is pushing more people into poverty

French President Emmanuel Macron is proposing granting limited autonomy for Corsica in a modest step toward nationalist sentiment on the Mediterranean island

Officials across Germany are sounding the alarm that they are no longer able to accommodate migrants who are applying for asylum

The University of Nevada’s basketball team could have a new off-campus home by 2026 under an ambitious 10-year expansion plan that Reno’s largest hotel-casino has in the works

Germany and Israel have signed an agreement for Berlin to buy the sophisticated Arrow 3 missile defense system, designed to intercept long-range ballistic missiles

Restrictions on food exports are spilling over from rice and wheat to other essentials

WASHINGTON—A gusher of cash is starting to pour out of Washington to carry out the Biden administration’s plan to strengthen the U.S. power grid and make it more resilient to outages and extreme weather. The Energy Department on Thursday is set to announce a new round of grants to tribes, territories and 11 states including Arizona, Florida and West Virginia as part of a $2.3 billion program designed to advance a key piece of the White House’s clean-energy drive.

oil prices nearing $100 a barrel compounded concerns about persistently high global interest rates. There was brief respite from the dollar's strength in currency markets [/FRX], but it was Wednesday's big drop in U.S. crude stocks that heightened nerves about another supply-side shock just when the global economy needs it least. U.S.

China has bought several hundred thousand metric tons — trad Chinese importers are believed to have made large purchases of animal feed corn from Ukraine in the past two weeks, traders in Asia and Europe said on Thursday, providing a boost for the war-ravaged country from an unlikely source. The traders were unable to say the exact volumes but several said they amounted to several hundred thousand metric tons. A Ukrainian government source also confirmed corn sales to China, a key ally of Russia, particularly since Moscow's full-scale invasion of Ukraine in February 2022. «Importers in China have bought around 10 to 12 Panamax cargoes of Ukrainian corn for November/December shipment,» said a Singapore-based trader at an international grains trading company, referring to a size of ship with a capacity that typically exceeds 60,000 tons of grain. «Ukraine is the cheapest origin for corn as of now,» the trader said. A Ukrainian government source said: «I cannot tell you the volume, but I know that many (traders) did it and it is a good trend (for Ukrainian corn).» Russia has tried to impose a de facto blockade on seaborne Ukrainian grain exports through the Black Sea.

Zug, a small Swiss canton nestled by a shimmering lake and framed by the Alps, is famous for its traditional cherry pie - which was particularly loved by actress Audrey Hepburn - and for its blockchain start-up hub.

The central bank of Brazil has vowed to tighten rules and strengthen its oversight of crypto platforms, as crypto adoption in the country surges higher.

NATO Secretary-General Jens Stoltenberg met with President Volodymyr Zelenskyy to discuss the status of the war and needs of troops on Thursday, the day after Russia accused Ukraine's Western allies of helping plan and conduct last week's missile strike on the Black Sea Fleet's headquarters on the annexed Crimean Peninsula. Zelenskyy said Stoltenberg agreed to make efforts to get NATO members to help provide additional air defense systems to protect Ukraine's power plants and energy infrastructure that were badly damaged in relentless and deadly attacks by Russia last winter. He also reminded the secretary-general of the persistent attacks that often strike civilian areas, including 40 drone attacks overnight.

student visa applicants and 65 per cent of all H&L-category (employment) visa applicants. The number of visa applications processed in India are 20 per cent more than the numbers processed in pre-Covid 2019 and 2022 and Indians made over one in 10 applications worldwide, the embassy said. US Ambassador to India Eric Garcetti personally handed over the one millionth visa to a couple, who will be heading to the United States to attend their son's graduation at MIT.

German inflation fell in September to its lowest level since Russia launched its full-scale invasion of Ukraine, signalling what could be the beginning of the end for the high inflation that has weighed heavily on Europe's largest economy. German consumer prices, harmonised to compare with other European Union countries, rose by an annual 4.3% in September, preliminary data from the federal statistics office showed on Thursday. Analysts polled by Reuters had forecast a fall to 4.5% from 6.4% year-on-year in August. Germany's core inflation rate, which excludes volatile items such as food and energy, fell to 4.6% year-on-year from 5.5% in August. Food prices continued to show above-average growth, posting a 7.5% year-on-year increase.

The crisis-hit nation of Sri Lanka failed to get the next tranche of its bailout from the International Monetary Fund (IMF). The organisation cited key shortfalls in the country’s reform agenda. The $3 billion bailout was agreed in March this year and Sri Lanka was hoping to receive the next tranche of funds, estimated at USD 333 million.