Country Financial News

ESAF Small Finance Bank: ESAF SFB has finalized its share listing on the stock exchange for November 10, with the shares priced at ₹60 per share. The allotment of shares took place on November 9. Market observers note that ESAG Small Finance Bank shares are currently trading at a premium of ₹21 in the grey market.

companies listed on the National Stock Exchange surged to an all-time high of 7.62% in the September quarter, underscoring their growing appetite for equities in one of the fastest -growing economies in the region. Retail investors — classified as individuals with less than shareholding worth ₹2 lakh in a company — made purchases worth ₹7,596 crore in July-September, according to Prime Database, amid the record-breaking run in the stock market The country's rich also mounted their bets on stocks here.

BEIJING/HONG KONG (Reuters) — When China's largest developer Country Garden first skipped debt payments in August, its shares tumbled 14%, marking a reversal of fortunes: from industry poster child to another troubled property company struggling to pay its creditors.

Canada’s housing agency is warning of a looming “shock” for borrowers renewing their mortgages as a new analysis shows the pain of higher interest rates is starting to put pressure on some homeowners.

The federal government will give an update on the country’s finances later this month, with Finance Minister Chrystia Freeland set to deliver the fall economic statement as Canadians face difficulties amid high interest rates and ongoing cost of living concerns.

Police say an industrial robot crushed a worker to death at a vegetable packaging plant in South Korea

Israeli troops have pushed into the Gaza Strip’s largest city along a key coastal road on the Mediterranean Sea as part of their war on Hamas

Some in the Western Balkans country saw it as reciprocation when the leaders of Albania and Italy announced a contentious agreement earlier this week to jointly process some asylum applications of migrants arriving by sea

Thousands of wildfires in Canada have incinerated an area larger than Florida since May

Nigeria's president has signed a controversial bill that earmarks $6.1 million for a presidential yacht and millions more for sport utility vehicles for his wife and other top government officials

Treasury Secretary Janet Yellen says the United States has no desire to break economic ties with China

The Super Mario Bros. Movie’ – on its platform on December 3 in the U.S. The movies in August had debuted on Peacock, and even after 3 months, it continues to attract the audiences. The movie is sure to gain huge viewership as Netflix has chosen December, which happens to be a celebration month for the release with holidays round the corner. Several family-friendly series and movies made it to the top 10 list in 59 countries from Thanksgiving to Christmas.

Cryptocurrency adoption is experiencing a significant surge in South and Central Asia, driven by the emergence of real-world use cases, according to blockchain intelligence firm Chainalysis.

By Rodrigo Campos

Indian solar panel manufacturers are grappling with the influx of cheaper Chinese imports funnelled through intermediary countries such as Vietnam, Malaysia, and Singapore as Chinese companies exploit Free Trade Agreement (FTA) loopholes to export to India. Despite New Delhi's imposition of a 40% customs duty on solar modules and 25% on solar cells in April 2022 to boost domestic production and reduce Chinese imports, companies in China are finding ways to bypass these high tariffs and continue supplies to Indian solar farm developers. The Chinese companies have effectively utilised this strategy in the past to evade local tariffs, as demonstrated by a year-long investigation in August 2023 by US federal authorities, which revealed that five Chinese solar panel firms had circumvented tariff regulations by channelling their operations through countries such as Cambodia, Malaysia, Thailand, and Vietnam. Following the imposition of tariffs, direct Chinese exports to India have declined, but from April to August 2023, imports of solar panel modules from Vietnam and Malaysia have surged, accounting for 60% of all such imports into India, with majority of these products originating from Chinese companies. Indian manufacturers say the imports are hurting domestic industry as the Chinese firms are resorting to dumping their products by misusing the FTA route.

Benjamin Netanyahu and Hamas fighters from Palestine's Gaza. India's Prime Minister Narendra Modi has on two separate instances also sought an early resolution to the war. Ministry of External Affairs spokesperson Arindam Bagchi on Thursday informed that India reiterated their call urging the "parties to de-escalate, eschew violence and work towards creating conditions for an early resumption of direct peace negotiations towards a two-state solution".

Former Deputy Assistant Treasury Secretary Christine McDaniel discusses Janet Yellen's trip to China, the Biden administration's 'Bidenomics' tour and the UPS, Teamster labor talks.

The United Nations Secretary-General is spearheading a multi-stakeholder High-level Advisory Body on Artificial Intelligence (AI). The initiative aims to harness AI's potential for humanity while addressing its accompanying risks and uncertainties as AI technologies proliferate internationally. The comprehensive approach seeks to foster a globally inclusive ethos by analyzing and advancing recommendations for AI's international governance.

By Moira Warburton

Gulf countries with one visa, just like Schengen countries! In a bid to simplify travel logistics and boost tourism, the Gulf Cooperation Council (GCC) countries have recently approved a unified tourist visa that will allow people to travel across member states such as Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE. This was announced by GCC President Sayyed Hamoud bin Faisal Al Busaidi during the 40th meeting of the Interior Ministers.

MUMBAI : Direct-to-consumer (D2C) brand Sugar Cosmetics is looking to raise $100 million in a new funding round that will value the company at around $700-800 million, said three people with knowledge of the development. About 60-70% of this fundraise will happen through issuance of fresh equity and the rest through stake sales by existing investors, they said. The company is in talks with sovereign wealth funds and private equity funds to raise the amount.