Country Financial News

establish a correct understanding and cooperation between the two sides is «no longer an option but an imperative» for the world. Cooperation is the «most correct choice for China and the United States to get along», Wang said in a keynote speech at an event to mark the 45th anniversary of the establishment of diplomatic relations between China and the U.S.

Karnataka Bank and Satin Creditcare Network have entered a co-lending arrangement to provide financial support to joint liability groups (JLG) of economically active women, in both rural and semi-urban areas, and to give impetus to the micro credit facilities segment of the country. The arrangement will leverage Karnataka Bank’s low cost of funds and end-to-end digital capabilities and Satin through Yubi platform for co-lending to help the sourcing, servicing and recovery of small-ticket income generation priority sector loans, a statement from Karnataka Bank said. Karnataka Bank MD & CEO Srikrishnan H said: “Karnataka Bank is delighted to enter into this strategic co-lending arrangement with Satin through the platform of Yubi, our Fintech partner. This is part of our stated strategy to collaborate and grow our Advances book in alliance with Fintech partners and controlling the in-flow with the Bank’s credit standards.

snow? Turns out, they may not have to wait much longer.Global News chief meteorologist Anthony Farnell says after seeing the warmest December on record across the country, January will see a change in the pattern.“It’s going to start in the West, that’s where the cold and snow begins, but then I think as the month progresses, we’re going to see widespread cold and snowy conditions across much of the country,” he said.The lack of both has put a damper on many winter activities from coast to coast.In Quebec, despite its southern region being hit by a major snowstorm in early December, rainy and warm weather washed away most of the 30 centimetres that fell. It’s also washed out any plans for outdoor ice rinks in Montreal and other municipalities.Skiers in Manitoba also struggled, with grainy and icy snow making it difficult for cross-country enthusiasts to enjoy the paths.Ski hills have also faced problems, with several reporting fewer than half their tracks open to the public during the recent holiday season.The lack of snow is not necessarily surprising given the presence of El Niño, with Farnell having forecast last month that nearly the entire country would see milder weather through much of December.As for the blast of cold previously forecast to hit around the holidays, well, that has changed slightly, Farnell said, but the cold is still “definitely coming.”“The big question is, does it stay?” he said.

Many U.S. states rely on winter tourism, but with record-breaking, warmer winter temperatures, some businesses are losing money.

BUENOS AIRES (Reuters) — Argentina's cash-strapped government will raise $3.2 billion in hard currency in order to meet debt repayments via an issuance of 10-year bills to the central bank, according to a decree in the official gazette on Friday.

OY, PIONEERS! Please tell me you’re not taking the average compact crossover wagon into the boonies. The salesperson might have told you it had all-wheel drive, and it probably does, sort of. But such systems are often surprisingly feeble off road.

Rohit Sharma-led Indian cricket Team managed to tie the Test series against South Africa, after beating the hosts at Cape Town's Newlands Cricket Ground in the second Test by 7 wickets. Despite the manner Newlands pitch behaved across the four sessions in two days, Indian pacers – Mohammed Siraj, Jasprit Bumrah, and Mukesh Kumar – destroyed South Africa's dangerous batting order, which led the Test match over in just 5 sessions.

mutual funds, fixed deposits, and debt funds, offers a promising avenue for wealth creation. This article explores the specifics of mutual fund (MF) investments in India for NRIs, highlighting the regulatory framework and the necessary steps to make informed decisions. For NRIs eyeing the Indian mutual fund market, the initial step involves setting up either a Non-Resident Ordinary (NRO) or a Non-Resident External (NRE) bank account with an Indian bank.

Bhartiya Nyay Sanhita (BNS), Road Transport Secretary, Anurag Jain said Friday. He also said that award of future highway projects would be as per Vision 2047 to minimise overlaps and better implementation. The country had faced unprecedented disruptions in the beginning of 2024 with truckers refusing to work in protest of Hit and Run provisions in the BNS.

"special strategic and global partner, and is ready to extend all possible assistance at this hour," sources said. In the letter, PM Modi conveyed to his Japanese counterpart that he is "deeply anguished and concerned" over the earthquake and expressed "deepest condolence" to the families of those killed in the quake, the sources said. "I am deeply anguished and concerned to learn about the major earthquake that struck Japan on January 1," Modi reportedly said.

By Jonathan Spicer and Marc Jones

By Kantaro Komiya

MoU) between the Ministry of Petroleum and Natural Gas, India and the Ministry of Natural Resources, Guyana, on cooperation in the hydrocarbon sector. According to an official release, the proposed agreement covers the complete value chain of hydrocarbon sector including the sourcing of crude oil from Guyana, the participation of Indian companies in Exploration and Production (E&P) sector of Guyana, cooperation in the areas of crude oil refining, capacity building, strengthening bilateral trade, collaboration in natural gas sector, collaboration in developing regulatory policy frameworks in oil and gas sector in Guyana. Also, it will include cooperation in the area of clean energy, including biofuels as well as the renewables sector, including solar energy. The MoU with Guyana will strengthen bilateral trade, foster investment in each other countries and help diversify the source of crude oil, thus augmenting the energy and supply security of the country. The agreement shall enter into force on the date of its signature, remain in force for a period of five years and be automatically renewed thereafter on a quinquennium basis unless either party gives the other party written notice three months in advance of its intention to terminate this understanding. In recent times, Guyana has gained significant salience in the oil and gas sector, becoming the world's newest oil producer. The new discoveries of 11.2 billion barrels of oil equivalent amount to 18 per cent of total global oil and gas discoveries and 32 per cent of discovered oil. As per OPEC World Oil Outlook 2022, Guyana is projected to see a significant ramp-up in production, with liquids supply growing from 0.1 million barrel per day in 2021 to 0.9 mb/d in

Investing.com-- Most Asian currencies moved in a flat-to-low range on Friday, while the dollar hovered near three-week highs as markets awaited key U.S. labor data for more cues on the Federal Reserve’s plans for interest rate cuts. 

By Andrew Silver

Indian Renewable Energy Development Agency (IREDA) witnessed some consolidation in December last year. However, brokerage house Phillip Capital believes this recent decline is going to last. The brokerage has a ‘sell’ call on the stock with a target price of ₹80, implying a downside of over 23 percent from its current market price of ₹104.40, as of December 4.

least developed country. Bangladesh’s GDP in 2023 is estimated to have grown at 6%, as per a World Bank report. There are several other compelling factors to why India would be keenly watching the results of the 7 January poll in the country it helped gain independence from Pakistan in 1971.

CNBC-TV18, Infosys founder N.R. Narayana Murthy reaffirmed his advocacy for a 70-hour work week, defending his stance amidst considerable public debate.

Houthi-controlled Yemen got within a “couple of miles” of U.S. Navy and commercial vessels before detonating on Thursday, just hours after the White House and a host of partner nations issued a “final warning” to the Iran-backed militia group to cease the attacks or face potential military action.Vice Admiral Brad Cooper, the head of U.S.

top seven cities is poised to exceed one gigawatt by 2024, marking a near three-fold increase in just four years, reflecting the voracious appetite for content in a country that leads the world in smartphone data consumption. That trend is likely to intensify as 5G networks expand further across the country that added a record 230 megawatts of new capacity last year. Cushman & Wakefield reported that the total colocation capacity (IT load) in the top seven cities reached 884 MW in 2023, marking a 35% year-on-year increase. «Colocation supply is expected to reach a record high next year, with numerous greenfield facilities set to go live by both domestic and international players.

Lululemon Athletica, founder, Chip Wilson, recently reignited controversy with pointed remarks about the brand's trajectory, specifically aiming for its commitment to diversity and inclusion. In an interview with Forbes, Wilson expressed stark opposition to Lululemon's pursuit of catering to a wide-ranging audience, likening this strategy to an attempt to emulate the universal appeal of retail giant Gap.