Country Financial News

10.09 / 07:13
UPS FIVE BLOCK Aware country US, Russia praise G20 summit declaration as meeting heads to close
Russia and the U.S. both praised a G20 summit declaration that stopped short of directly criticising Moscow for the war in Ukraine as the bloc's leaders headed into the final day of deliberations on Sunday. The world's biggest economies adopted a consensus declaration in New Delhi on Saturday that avoided condemning Russia for the war but highlighted the human suffering the conflict had caused and called on all states not to use force to grab territory. «Everything was reflected in a balanced form,» Svetlana Lukash, the Russian G20 sherpa, or government negotiator, was quoted as saying by Russian news agency Interfax. «All members of the G20 have agreed to act as one in the interests of peace, security and conflict resolution around the world.» White House national security adviser Jake Sullivan told reporters the declaration «does a very good job of standing up for the principle that states cannot use force to seek territorial acquisition or to violate the territorial integrity and sovereignty or political independence of other states». Germany and Britain have also praised the resolution but Ukraine has said «it was nothing to be proud of».CATCH ALL LIVE UPDATES OF G20 SUMMIT HERE In the weeks leading to the summit, sharply differing views on the war had threatened to derail the meeting, with the West demanding members call out Moscow for the invasion and Russia saying it would block any resolution that did not reflect its position. The summit also admitted the African Union which includes 55 member states, as a permanent member of the G20. On Sunday, the leaders, including U.S.
10.09 / 07:13
Reuters Manufacturing Strategy show stage country boost US, Vietnam to boost ties as Biden visits, seek China hedge with chips, rare earths
Vietnam plan to elevate their relations as U.S. President Joe Biden visits the country from Sunday, with officials saying the focus of the talks will be semiconductors and critical minerals. The U.S.
10.09 / 06:35
UPS Provident show country Sunak G20 Summit: PM Rishi Sunak announces UK's biggest ever aid of $2 billion to Green Climate Fund
G20 Summit in India nears its commencement, said the British High Commission in India. The UK will provide USD 2 billion to the Green Climate Fund (GCF) which is the biggest single funding commitment the UK has made to help the world tackle climate change, which was established by 194 countries following the Copenhagen Accord at COP15.
10.09 / 06:35
UPS FIVE Reuters Action Align country G20 Summit: ‘G20 declaration balanced’, says Russia as summit moves to final day
G20 summit declaration, which refrained from explicitly condemning Moscow for its actions in the Ukraine conflict. Russia expressed the view that the leaders of the G20 acted in the spirit of conflict resolution as discussions continued on Sunday, Reuters reported.
10.09 / 06:33
COST UPS FIVE Cooper Action country Indian 500 Biofuel alliance can generate opportunities worth $500 bn in next 3 yrs: Indian Biogas Association
Indian Biogas Association (IBA). Biofuel alliance can be a win-win situation for G20 countries and the environment, IBA said. According to a study by the IBA, the biofuel alliance can generate opportunities worth USD 500 billion in the next three years for G20 countries. The findings of the study assume significance as India is currently hosting the G20 leaders' Summit in New Delhi.Biogas can generate an opportunity of USD 200 billion, considering the least investment required, compared to other energy generation options and easy availability of raw materials, it stated.
10.09 / 06:05
UPS Citi Ball Racing country voice Morocco mourns quake victims as death toll passes 2,000
earthquake that killed more than 2,000 people, as rescue teams raced to find survivors trapped in the rubble of flattened villages. The strongest-ever quake to hit the country has killed at least 2,012 people and injured over 2,059, many of them critically, according to the latest official figures. Friday's 6.8-magnitude quake struck 72 kilometres (45 miles) southwest of the tourist hub of Marrakesh, wiping out entire villages in rural areas. «I've lost everything», said Lahcen, a resident of the mountain village of Moulay Brahim, whose wife and four children were killed. Rescue workers recovered the bodies of Lahcen's three daughters from the rubble of what was once their home, but have not yet found the bodies of his wife and son. «I can't do anything about it now, I just want to get away from the world and mourn.» Troops and emergency services have scrambled to reach remote mountain villages where victims are still feared trapped. Al-Haouz province, where the epicentre of the earthquake was located, suffered the most deaths with 1,293, followed by the province of Taroudant with 452.First funerals Bouchra, another resident of remote Moulay Brahim village, dried her tears with her scarf as she watched men digging graves to bury the victims. «My cousin's grandchildren are dead», she said in a knotted voice. «I saw the devastation of the earthquake live, and I'm still shaking.
10.09 / 06:05
country blues US President "This year's Summit proved that G20 can still drive solutions....": US President Biden
Joe Biden on Saturday said that this year's G20 summit has proved that the group can still drive solutions to the most pressing issues of the climate crisis, fragility, and conflict. Taking to X, US President said, «At a moment when the global economy is suffering from the overlapping shocks of the climate crisis, fragility, and conflict, this year's Summit proved that the G20 can still drive solutions to our most pressing issues.»India is hosting the G20 Summit this year in New Delhi on September 9-10. On September 9, the Delhi Declaration was adopted. It called on nations to uphold international law, including territorial integrity, international humanitarian law and the multilateral system that safeguards peace and stability. The declaration envisages a green development pact for a sustainable future, it endorses high level principles on lifestyle for sustainable development, voluntary principles of hydrogen, the Chennai principles for a sustainable resilient blue economy and the Deccan principles on food security and nutrition among others
10.09 / 06:05
Citi Target FIVE Reuters Telegram show country Ukraine says Russia launches overnight drone attack on Kyiv
Russia launched an air attack on Kyiv early on Sunday, with blasts ringing out across the Ukrainian capital and its region for almost two hours and drone debris falling on several of the city's central districts, Ukrainian officials said. Ukraine's Land Forces said that the country's air defence systems destroyed 25 out of 32 Russia-launched Iran-made Shahed drones, most of which targeted Kyiv and the Kyiv region. Reuters witnesses heard at least five blasts across Kyiv, and Ukrainian media footage showed a number of cars damaged. «Drones came onto the capital in groups and from different directions,» Serhiy Popko, head of Kyiv's city military administration, said on the Telegram messaging app.Kyiv Mayor Vitali Klitschko said that one person was injured in the historic Podil neighbourhood and a fire broke out near one of the city's parks. Debris from downed drones fell on the Darnytskyi, Solomianskyi, Shevchenkivskyi, Sviatoshynskyi and Podil districts, Klitschko and the city's military administration said. In the Shevchenkivskyi district, drone debris sparked a fire in an apartment, which was quickly extinguished. There were no immediate reports of injuries, Popko said on the Telegram messaging app. There was no immediate comment from Russia about the attacks.
10.09 / 05:15
UPS Provident Manufacturing Fighting Shell country Arsenal Russia is turning to old ally North Korea to resupply its arsenal for the war in Ukraine
Russia needs to replenish its supplies of ammunition for what could be a long war of attrition. Along with ramping up its domestic arms production, Moscow is turning to an old ally with a vast arsenal — North Korea. Estimates say the reclusive and isolated Asian country has tens of millions of artillery shells and rockets that could give a huge boost to the Russian army. United States officials expect North Korean leader Kim Jong Un to visit Russia in the coming days to seal a possible deal on munitions transfer with President Vladimir Putin.
10.09 / 05:15
country Sunak UK PM Rishi Sunak announces $2 bn aid for Green Climate Fund
United Kingdom Prime Minister Rishi Sunak announced a record climate aid commitment of $2 billion for the Green Climate Fund on Sunday, the last day of the two-day G20 Summit in New Delhi. The contribution is by far the biggest single funding commitment the UK has made to help the world tackle climate change. «The UK will contribute £1.62 billion ($2 billion) to the Green Climate Fund (GCF), which was established by 194 countries following the Copenhagen Accord at COP15,» said the British High Commission in India.
10.09 / 05:15
country blues hymn G20 Summit Day 2 begins: Full schedule of mega conclave
G20 summit being held under India’s presidency in New Delhi, the G20 summit now heads to day 2 of the world leader’s conclave. Day 2 of the G20 summit started with the leaders visiting Delhi’s Raj Ghat to lay wreaths at the Samadhi of the father of the nation Mahatma Gandhi. A musical tribute featuring favourite hymns of Mahatma Gandhi was also played at the wreath laying function.CATCH ALL LIVE UPDATES OF G20 SUMMIT HERE The leaders will head for the Bharat Mandapam where a Tree planting ceremony will take place at the South Plaza. This will be followed by the the third session of the G20 summit 'One Future' which will be held at Bharat Mandapam. A G20 exhibition for spouses of World leaders is also scheduled for the 2nd day of the summit.
10.09 / 05:11
UPS Citi Progressive CEO Pride country Friend Biden finds a new friend in Vietnam as American CEOs look for alternatives to Chinese factories
President Joe Biden heads to a Vietnam that’s looking to dramatically ramp up trade with the United States
10.09 / 05:07
country negotiations 200 hours of non-stop negotiations, 15 drafts led to consensus on Ukraine: India's Sherpa
G20 declaration that was adopted at the Leaders' Summit here, India's G20 Sherpa Amitabh Kant said on Sunday. The team of diplomats, including joint secretaries Eenam Gambhir and K Nagraj Naidu, held 300 bilateral meetings and circulated 15 drafts with their counterparts on the contentious Ukraine conflict to drive home a consensus that was clinched on the first day of the G20 Leaders Summit itself. «The most complex part of the entire G20 was to bring consensus on the geopolitical paras (Russia-Ukraine).
10.09 / 05:03
Provident Digital Cooper Progressive Dreams country audience G20 Summit: ‘Game-changing regional investment,’ says Joe Biden on India-Middle East-Europe Economic Corridor
Also Read: G20 Summit: 'G20 can still drive solutions to our most pressing issues,’ says US President Joe Biden “Charting a journey of shared aspirations and dreams, the India-Middle East-Europe Economic Corridor promises to be a beacon of cooperation, innovation and shared progress. As history unfolds, may this corridor be a testament to human endeavour and unity across continents," PM Modi wrote on ‘X’ on Saturday. During the G20 Summit, Prime Minister Narendra Modi unveiled a groundbreaking initiative in collaboration with the United States, Saudi Arabia, and the European Union.
10.09 / 05:03
country G20 Summit 2023: 'Its an honor to...', PM Modi replies to Gita Gopinath's congratulatory message
G20 summit. Our efforts are a testament to the collective spirit of unity and progress." Meanwhile, Union Finance Minister Nirmala Sitharaman interacted with the first Deputy Managing Director of the IMF, Gita Gopinath during Ratri Bhoj par Samvad at Bharat Mandapam in the national capital.
10.09 / 04:29
COST Dreams country Fortescue still bullish on Gabon iron ore dream in wake of coup
Fortescue’s global growth executive, Julie Shuttleworth, will meet the new leaders of Gabon “imminently” in the wake of last month’s military coup.
10.09 / 04:17
Provident Digital NASDAQ Strategy country NOT Not just equity, look at gold as an asset class to diversify now: Sahil Kapoor
Sahil Kapoor, Head of Products & Market Strategist, DSP Mutual Fund, says “gold returns and equity returns are not very far off. If you manipulate the data a lot more, they will get even closer or gold will beat. But the reality is that gold has trailed equity return in India, but by a very slim margin. So, it makes sense to mix these assets together. Not just equity sectors but look at gold also as an asset class to diversify into.”You were making a case whether it is just an India market specific headwind which you see or globally too, things could get shaky in the middle.I think there are pockets in the US which are quite pricey. When you look at technology as a space, trading at 25-26 times trailing earnings, they are not cheap. History says that when you buy them, Nasdaq over a 3-year period hardly makes any money. Similarly, US largecaps are trading at 20 times trailing earnings and so not very cheap.
10.09 / 04:17
UPS Metro DISH country Indian Can 33% margin become the new normal for Indian Hotels? Puneet Chhatwal answers
Puneet Chhatwal, MD & CEO, IHCL, says “the lasting impact of the G20 and the B20 that happened recently is far higher than just a few days of completely sold-out rooms. Of course, it helps, because that makes September a very extraordinary month, so that definitely is a positive tailwind for all of us and the good thing. Chhatwal further says: “But if we take a step back and do not look at only these one-off events, what we are witnessing in the last 16-18 months is that demand is outpacing supply. Supply is going to remain constrained. So, if the demand continues to outpace supply, the occupancy levels will be higher along with out ability to charge, which means the average rates will keep increasing.”Let us talk about the iconic hospitality that Taj is extending to thousands of dignitaries who have come to India to attend the G20 summit. What is your preparation? How excited are you and what is the hard work behind the scenes? This G20 presidency started almost a year ago and Taj has been at the forefront. The first few meetings of the Sherpa of G20, the kick off itself started at the Taj in Havelock in Andamans. The second one was on the terrace of Lake Palace in Udaipur, followed by Taj Mahal Palace in Mumbai, in The Chambers Lawns and that has been going on, whether it is Kumarakom or very recently almost 10 days ago we had the B20 meeting of the ministers at the Taj Rambagh Palace, followed by the two-day meeting at the Taj Palace in Delhi.
10.09 / 04:17
COST show country Crude oil price at 10-month high. Now what’s next?
Crude oil prices clocked at a ten-month high last week, driven by worries about supply shortages after an unexpected extension of voluntary supply cuts by Saudi Arabia and Russia. Hopes of a delay in further rate hikes by the US Federal Reserve and positive fuel demand from China aided the demand outlook. The most active US WTI crude tested $88 a barrel level, while the Asian benchmark Brent crude pushed above $90 a barrel, for the first time since November last year. A similar move was witnessed in the domestic futures market as well. In April, the key oil-producing countries including Russia, commonly known as OPEC Plus, announced a combined production cut, proposed to extend till 2024 aimed at supporting market stability. However, Saudi Arabia and Russia voluntarily introduced additional reductions in production on top of the broader deal by the OPEC plus countries. Saudi announced a reduction of 1 million barrels of oil per day from July while Russia started cutting down daily production by 300,000 barrels per day. There were expectations in the market that both countries would extend the supply cut into October, but they surprised the market by extending the program till the end of December. Both countries also informed that the plan would be reviewed monthly and adjusted according to market conditions. This has raised worries that demand will exceed supply in the coming quarter sending prices to multi-month highs.
10.09 / 04:15
Provident Manufacturing Platform country IIT Council signs MoU with Association of American Universities to establish Indo-US Global Challenges Institute
G20 summit being held in New Delhi. According to a statement on Sunday, the institute will seek to address some of the most consequential economic, environmental, and technological challenges that have the potential to affect the security, prosperity, and stability of both countries.
10.09 / 03:59
Man film Actor show country star audience Jawan Box Office collection Day 3: SRK's film crosses ₹200 crore mark in just 3 days. Check latest earnings here
Jawan Box Office collection Day 3: Shah Rukh Khan’s latest film ‘Jawan’ is roaring at the Box office with the film has now crossed ₹200 crore in just three days of its release. As per the Sacnilk.com, early estimates show that the film minted ₹74.50 crore nett in India in all languages. As per the report, Hindi language minted ₹66 crore nett, Tamil language earned ₹5 crore nett while the Telugu earned ₹3.5 crore nett on Day 3.

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