Country Financial News

Bad Bunny has achieved a historic milestone on the latest Latin Songwriters chart (dated November 25) by becoming the first person to spend 100 weeks at No. 1. This remarkable feat is attributed to his impressive 14 writing credits on the latest Hot Latin Songs chart, with «Monaco» leading the way and securing a fifth consecutive week at No.

Adani Wilmar Ltd for $2-2.2 billion, two people aware of the development said. No single entity is expected to acquire the stake on offer, and the Adani group may farm out shares in the edible oils maker to multiple buyers, the people cited above said on condition of anonymity. “Apart from Wilmar, there are at least four global funds who are keen to buy Adani’s stake in Adani Wilmar, and the plan is to finalize the deal before the end of FY24," the first person added.

BUENOS AIRES (Reuters) — Argentina's libertarian President-elect Javier Milei is sticking by his plans for economic «shock» therapy to fix the country's myriad crises from triple-digit inflation to rising poverty and a dearth of foreign currency reserves.

Investing.com — U.S. futures edged higher Wednesday, rebounding after the previous session’s weakness in the wake of minutes from the Federal Reserve’s last meeting which suggested interest rates could stay elevated for longer.

By Naomi Rovnick, Samuel Indyk, Lucy Raitano and Harry Robertson

Emissions mitigation targets: The first global stocktake report found that the current emissions reduction targets that countries have established, as part of their commitments under the Paris Agreement, are insufficient to meet the overarching goal of the Agreement to ideally limit the global temperature rise to 1.5 degrees Celsius above pre-industrial levels. 2.Phase out fossil fuel: The European Union has announced that it will be bringing a proposal to phase out unabated fossil fuel use to COP28.

The Information. Shleifer’s decision to transition out is largely based on geography, a person familiar with the development said, asking to remain anonymous. “Tiger Global is operating in-person out of our New York offices, whereas Scott and his family have made their home in Florida and want to stay there.

Coal India Ltd (CIL) during a diversification review meeting with the coal secretary, the state-owned entity has identified 20 abandoned mines to undertake a feasibility study for pump storage projects. State-run NLC India Ltd also proposes to undertake feasibility study for pump storage plants for some of abandoned mines with it.

₹58.4 a litre from ₹55 a litre during the corresponding period last year. The Solvent Extractors’ Association of India (SEA) wrote to the animal husbandry and dairying department, requesting to not extend the ban as “it could have far-reaching negative consequences for multiple sectors".

OTTAWA — Finance Minister Chrystia Freeland tabled a fall economic statement on Nov. 21 that aims to support middle-class Canadians amid soaring consumer prices and looming mortgage renewals.

LONDON (Reuters) — Britain's Office for Budget Responsibility revised down its estimate of the country's medium-term potential growth rate to 1.6% from 1.8%, as an ageing population works shorter hours on average and productivity growth slows.

(Reuters) -OPEC+ has delayed its ministerial meeting to set output policy to Nov. 30 from Nov. 26, OPEC said in a statement on Wednesday, a surprise development that sparked a further drop in oil prices.

Investing.com — Oil prices traded sharply lower Wednesday after a group of top producers delayed its meeting to set output policy, creating uncertainty about future supply levels. 

Investing.com -- Sam Altman is set to be brought back as chief executive of OpenAI under the supervision of a new board following days of tension and turmoil at the high-profile AI start-up. Elsewhere, Nvidia (NASDAQ:NVDA) warns of a decline in sales in China during its current quarter in the wake of more stringent U.S. export controls, while Binance CEO Changpeng Zhao resigns as part of $4.3 billion settlement that brings an end to a multi-year probe by U.S. authorities into the cryptocurrency exchange giant.

ANI quoted, "The world is worried about the negative effects of AI. India thinks that we have to work together on the global regulations for AI. Understanding how dangerous deepfake is for society and individuals, we need to work forward.

Mukesh Kumar, who made his international debut across all formats earlier this year during the West Indies tour, has set his sights on a long stint with the Indian team starting with the upcoming T20I series against Australia. New-look India will clash against Australia in a five-match T20I series starting on Thursday here, which will give both these rivals a good run in the format given that the next T20 World Cup is about seven months away. The 30-year-old Mukesh is determined to make the opportunity count as he looks to build on his success earned in the domestic circuit and the Indian Premier League, which led to his national call-up.

Susan Sarandon was on Wednesday dropped by her talent agency UTA following her controversial remarks on the ongoing Israel-Hamas war in Gaza. The Thelma & Louise star, while addressing a pro-Palestine rally in New York on Friday, lambasted at the Jewish community, saying they were «getting a taste of how it feels to be Muslim in America”. “There are a lot of people that are afraid, that are afraid of being Jewish at this time. Jews in America are getting a taste of what it feels like to be a Muslim in this country, so often subjected to violence,» the 77-year-old actress said at the rally. The Hollywood agency said it found her views on the Israel-Hamas war «extremely disturbing» and hence decided to Earlier, reacting to Sarandon's remarks, Israeli Mission to the UN's previous head of speechwriting issued a statement.

Scott Shleifer, New York-based Tiger Global’s head for private investments – who also oversaw India investments which had his firm backing – is stepping down from his role at the fund, founder Chase Coleman told limited partners (LPs) in a letter, according to media reports. He will take on a new role as adviser to the fund, effective January 1.

Axis Banks' chief Economist Neelkanth Mishra, who is also the part-time chairman of UIDAI. Speaking at a lecture in Bengaluru, the part time member of the Economic Advisory Council said India is in a better position to handle global headwinds than its Asian rival China. Mishra credited this growth to an increase in export of modern services, higher investment in infrastructure and better penetration of basic amenities through the country.

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OPEC's share in India's oil imports in October hit a 10-month high as refiners bought more crude from Saudi Arabia and the United Arab Emirates after discounts narrowed for Russian oil that month, trade data showed. Russia's share of the Indian market in October slipped to the lowest in nine months, according to Reuters calculations based on ship tracking data from trade sources. India, the world's third-biggest oil importer and consumer, typically relies on producers in the Middle East for most of its oil needs and has encouraged refiners to diversify to cheaper alternatives to cut costs. The South Asian nation has emerged as the top buyer of the Russian seaborne oil sold at a discount after Western nations stopped buying from Moscow following its invasion of Ukraine. India imported about 4.7 million barrels per day (bpd) of crude in October, up 8.4% from the previous month as refiners increased purchases to meet higher local fuel demand during the festive season, the data showed. Imports from Saudi Arabia and the United Arab Emirates jumped to a 7-month high, up about 53% and 63% respectively in October from the previous month, the data showed. That helped lift the share of the producers in the Organization of the Petroleum Exporting Countries to 54% in October, up from 50% in September, according to the data. India imported on average 1.56 million barrels per day (bpd) of Russian oil in October, up 1.2% from the previous month, the data showed. Despite the increase, Russian oil's share in India's October imports slipped to 33% from 35% in September. Russia was the top oil supplier to India in April to October, the first seven months of this fiscal year to March 2024, followed by Iraq and Saudi Arabia. Higher