Country Financial News
15.08 / 18:17
Citi
Subway
country
Widespread blackout leaves parts of Brazil without electricity
A blackout has left large parts of Brazil’s north and northeast regions without any electricity
15.08 / 18:17
UPS
Lowe's
Waters
country
social
A study of fracking's links to health issues will be released by Pennsylvania researchers
Researchers in heavily drilled Pennsylvania are preparing to release findings from taxpayer-financed studies on possible links between the natural gas industry and pediatric cancer, asthma and poor birth outcomes
15.08 / 18:17
COST
Provident
CEO
performer
country
Future
Speculation
WeWork sounds the alarm, prompting speculation around the company's future
WeWork said last week there was “substantial doubt” about its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company
15.08 / 18:17
15.08 / 18:17
UPS
MET
BLOCK
Action
Nestle
country
Advocates sue federal government for failing to ban imports of cocoa harvested by children
Child welfare advocates have filed a federal lawsuit asking a judge to force the Biden administration to block imports of cocoa harvested by children in West Africa that ends up in America’s most popular chocolate desserts and candies
15.08 / 18:17
UPS
FIVE
Dreams
Instagram
show
country
cover
shock
Accounts of 'body checks' at Miss Universe Indonesia shock the nation as contestants speak out
Accounts of contestants being forced to strip to their underwear for «body checks” during the Miss Universe Indonesia pageant earlier this month have shocked the world's most populous Muslim-majority nation
15.08 / 18:13
Target
country
Brazil fuel price hike to trigger inflation revision, says central bank chief
BRASILIA (Reuters) -Brazil will likely need to upwardly revise its inflation estimates, central bank Governor Roberto Campos Neto said on Tuesday, after state-run oil giant Petrobras announced a fuel price hike earlier in the day.
15.08 / 18:01
UPS
Citi
Provident
show
country
China Turns to Well-Honed Playbook: Cut Rates, Hide Data
consumer spending, industrial production and public and private investment in China missed expectations by a wide margin in July, data showed Tuesday, adding to a drumbeat of bad news on the economy. At the same time, China’s statistics bureau announced it would suspend publication of data on youth unemployment in China, citing plans to revisit the methodology.
15.08 / 18:01
Citi
Lowe's
Citizens
Waters
country
Brutal Summer Heat Tests Ability of Energy Exporters to Keep Their Citizens Cool
Energy-rich countries across the Middle East and North Africa are struggling to keep power flowing to their own citizens during intense summer heat, with Egypt the latest to impose rolling blackouts. The outages here have prompted concerns that Cairo’s domestic gas supply is running low. Iran and Iraq, both oil exporters, are also facing blackouts as blistering temperatures envelop the region, with the thermometer reaching 122 degrees Fahrenheit in Baghdad, buckling aging power grids.
15.08 / 18:01
UPS
Target
CEO
Platform
Discover
country
EESL plans e-marketplace, seeks global, local investors
equity funds put in money, debt funds also put in their money. Once you aggregate, you have funds, you have a pipeline." The platform would enable standardized mechanisms and contracts for entity and project appraisals, he said. Initially, the marketplace will cater to products and then it will also look at energy efficiency projects for small businesses, and so on.
15.08 / 18:01
UPS
Manufacturing
Strategy
performer
country
electronic
Why the White House Went to Wall Street to Revive the U.S. Chips Industry
investment bankers, private-equity investors and management consultants. “Markets don’t always work perfectly," said Todd Fisher, a former executive at private-equity firm KKR who leads the investment team of the Chips Program Office. “We are trying to correct a dislocation," Fisher said, because “other countries put their thumb on the scale." Presidents have long gone to Wall Street to fill top jobs, with Federal Reserve chairman Jay Powell and former Treasury Secretary Steven Mnuchin among the recent examples.
15.08 / 18:01
Citizens
country
Sachin Pilot slams Amit Malviya over 'Rajesh Pilot bombed Mizoram' claim
Indian Air Force planes that bombed Aizawl, the capital of Mizoram, on March 5, 1966. "Later both became MPs on Congress tickets and ministers in the government.
15.08 / 17:57
UPS
country
Deal
guidance
Colombia's Grupo SURA cuts 2023 guidance, raises mid-term outlook after Nutresa deal
By Sarah Morland and Marion Giraldo
15.08 / 17:57
country
Deal
Milei
Argentina's Milei says in touch with IMF over $44 billion debt deal
(Reuters) — Argentine radical libertarian Javier Milei is in touch with the International Monetary Fund regarding the country's $44 billion loan deal, he told local radio on Tuesday, just days after his shock win in the country's primary election.
15.08 / 17:39
COST
UPS
Aware
Manufacturing
awards
country
Railways plans PLI scheme for train parts
production-linked incentive (PLI) scheme for train component makers as part of its efforts to attract foreign manufacturing firms and reduce dependence on imports, people aware of the matter said. The contours of the PLI scheme will be worked out with the help of a consultancy firm, which will be selected through a bidding process this month, officials told ET. The consultant will prepare a list of components that are largely imported and used in making engines and coaches, also called rolling stock.
15.08 / 17:39
Citizens
Progressive
Fighting
Remark
Celebrity
country
Government schemes propelled 13.5 crore people into new middle class: PM Narendra Modi
Narendra Modi lauded the transformative power of government initiatives that have uplifted 13.5 crore individuals from poverty into the new middle class. The Prime Minister's address highlighted a range of achievements over the past years, reflecting India's progress in multiple sectors. «PM Modi underscored the journey India has embarked upon, ascending from the 10th largest global economy in 2014 to the 5th largest in 2023», read the Prime Minister's office press release.
15.08 / 17:39
UPS
Citizens
Remark
country
Financial
Why this company's financial crisis threatens China's economy
The privately owned developer, founded by a farmer three decades ago, is inching closer to default. In China's housing market, there are plenty of deadbeat developers no longer paying their bills. The possible collapse of Country Garden is one to pay attention to.
15.08 / 17:39
UPS
Target
FIVE
Dreams
country
Study pegs India's FY47 per capita income at Rs 14.9 lakh a year
A study published by SBI Research economists on Tuesday also said the weighted mean income of tax filers in the country will increase to ₹49.9 lakh in FY47, from ₹13 lakh in FY22, owing to the transition to an upper-income group economy from a lower-income group and tax buoyancy. The government has set a target of FY47 to become a developed economy.
15.08 / 17:39
UPS
Provident
Progressive
Waters
performer
stage
country
As Dussehra-Diwali bonus, we will give Rs 1000 crores to Singareni workers: Telangana CM KCR
Independence Day. Earlier today, he paid tribute to the bravehearts at the War Memorial, Parade Grounds. Addressing the people Telangana CM KCR said, «I wish a very happy Independence day to all the people on the occasion of 77th Independence day.
15.08 / 17:01
UPS
Citi
Waves
Southern
country
Inside
Power
open
Taliban rule of Afghanistan is open-ended, their chief spokesman says as they begin year 3 in power
Taliban view their rule of Afghanistan as open-ended, drawing legitimacy from Islamic law and facing no significant threat, their chief spokesman said in an interview marking the second anniversary of the Taliban takeover of the country. He also suggested a ban on female education will remain in place.Zabihullah Mujahid brushed aside any questions from The Associated Press about restrictions on girls and women, saying he had nothing new to say on the matter while also indicating the status quo will remain. The ban on girls attending school beyond sixth grade was the first of what in the second year of Taliban control became a flurry of restrictions that now keep Afghan girls and women from classrooms, most jobs and much of public life.
15.08 / 16:57
UPS
Citi
Provident
FIVE
Metro
country
‘MF industry to double its AUM in next 5 years’
₹46 trillion, is growing rapidly and it will get the next ₹40 trillion in just five years. Gupta said the industry has been doubling its AUM roughly every five years since the year 2000 and so it is safe to assume that the next doubling will also happen in the next five years. “When will the next 40 trillion happen: I think it is fairly simple, it will happen in the next five years," said Gupta, while speaking on the topic ‘the next 40 trillion’ at the Mint Annual Mutual Fund Conclave in Mumbai recently.
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