Election Financial News

Rishi Sunak is expected to remain a backbench MP if his party loses the upcoming general election, the results of which will be known on Friday, as per a TOI report. However, there is a risk that he might lose his seat, becoming the first sitting PM to lose both a general election and his seat simultaneously. In the 2019 election, Sunak, 44, won the Richmond and Northallerton seat with a majority of 27,210 votes, securing 63% of the vote. No incumbent prime minister has ever lost their seat in a UK general election.

Financial giants from Goldman Sachs & Co. to Morgan Stanley and Barclays Plc. are taking a fresh look at how a Donald Trump victory in November could play out in the bond market.

Organizers of a proposed ballot initiative to legalize recreational marijuana in North Dakota have submitted petitions

Following news about the results early this morning (5 July), Starmer is set to become the UK's next prime minister, the first Labour country leader since Gordon Brown was defeated in the 2010 UK general elections by David Cameron's Conservative party. «We did it,» Starmer stated in his victory speech at London's Tate Modern at 5am. «Four and a half years of work changing the party, this is what it is for – a changed Labour party, ready to serve our country, ready to restore Britain to the service of working people.» Pound to tumble initially before longer term 'sterling revival' foll...

The German government has announced an agreement on its budget for 2025 and a stimulus package for Europe’s largest economy, easing a monthslong squabble that threatened to upend Chancellor Olaf Scholz’s center-left coalition

Telangana held meetings on Thursday with the candidates who contested in the elections. The three-member committee is led by senior leader and former deputy chairman of the Rajya Sabha P J Kurien. Congress Lok Sabha member from Warangal Kadiam Kavya told reporters that the panel members asked her about the party's areas of strength and weaknesses and the steps to be taken to strengthen the party further.

US Presidential Debate as a disaster for the party and Biden. The president was seen to be fumbling and unable to speak coherently. This is reflected in a national survey which indicated that Trump has managed to retain his narrow lead in the contest over Biden. In this scenario, it is not only Biden who is being blamed. Three of his close advisors have come under sharp scrutiny. It is believed that they helped him to prepare for the debate. Biden’s family members and some donors have expressed their disappointment with these advisors and called for their removal. These three advisors are: Anita Dunn, her husband Bob Bauer and Ron Klain. Anita Dunn: She is Biden’s senior advisor for communications and has been a long-term aide of Biden. She is considered to be part of a trusted group of aides close to Biden. Earlier, she had served as Barack Obama’s campaign strategist. She is believed to have approved the debate strategy which has been a failure, according to many.

, the market's momentum largely hinges on the actions of domestic institutional investors (DIIs) and the proposals in the upcoming Budget. FIIs net sold ₹146.29 crore worth of equities between 1 January and 2 July, while DIIs were net buyers, pouring in a staggering ₹2,40,627.19 crore during this period.

ABC News is all set to host the second US Presidential Debate on September 10. In a matter of nine weeks, the two candidates are expected to have a second face-off. David Muir and Linsey Davis will host the debate and the rules to participate in the debate have been confirmed. The location of the debate is yet to be confirmed. There are also reports that the two Vice-Presidential nominees will also have a debate soon. Many questions have also been raised if Biden will participate in the debate as many Democrats are calling for his replacement on the ballot box.

Congress, BRS working president K T Rama Rao on Tuesday slammed Leader of Opposition in Lok Sabha Rahul Gandhi saying he does "Oscar-level acting on protecting the Constitution". K T Rama Rao (KTR) also said the Bharat Rashtra Samithi (BRS) is gearing up for a legal battle against its defecting members and announced plans to file a petition in the Supreme Court. The move comes in response to a recent wave of defections that saw seven MLAs, six MLCs and one Rajya Sabha MP switch allegiance to the Congress party. «We will meet all those who are custodians of the Constitution,» KTR, who is the son of BRS chief and former Telangana chief minister K Chandrashekar Rao, told reporters on Tuesday.

A lot of politicians have promised change to voters in Hartlepool, a wind-whipped port town in northeast England

After a blockbuster six months, the sale of emerging-market bonds in hard currencies is set to slow down sharply in a second-half that’s littered with political risk.

Prime Minister Narendra Modi on Saturday spoke to newly elected British Prime Minister Keir Starmer as the two leaders agreed to work towards an early conclusion of a mutually beneficial India-UK free trade agreement, a statement said. Modi congratulated him on assuming charge and a remarkable victory of his Labour Party in the election. The statement said both the leaders recalled the historic relations between the India and the UK and reaffirmed their commitment to further deepen and advance the Comprehensive Strategic Partnership between the countries. Appreciating the positive contributions of the Indian community in the social, economic and political development of the UK, they agreed to continue to promote the close people-to-people ties.

Narendra Modi broke his «silence» on the situation in Manipur, which has been on the boil since May 3 last year, when he asserted in Rajya Sabha on Wednesday during the reply on motion of thanks to the President's address that all efforts were being taken to restore peace and welcomed suggestions and help from all quarters in this regard. He also appealed to the Opposition to rise above party politics and warned those «adding fuel to the fire». In his reply that lasted a little over 100 minutes, the PM also spoke on the NEET paper leak, assuring the youth that their future will not be jeopardised and those guilty would not be spared. Modi also took jibes at the Opposition which staged a walkout 30 minutes into his speech as the Chair did not heed to its demand for an intervention by Leader of Opposition Mallikarjun Kharge, leaving the floor open for the PM to have his say uninterrupted. Unlike in the Lok Sabha on Tuesday, Modi finally heeded to the Opposition criticism that he skipped the Manipur ethnic crisis in his speeches both during the election campaign and in his public utterances since he assumed office for the third consecutive term.

French President Emmanuel Macron has refused the resignation of the country’s prime minister, asking him to remain temporarily as the head of the government after chaotic election results left the government in limbo

FPIs are back in the market, hoisting Sensex above 80k in the index's fastest 10,000-point rally. There is reason to believe FPIs are here to stay, and their pullout in May and June was a blip, not the trend. Uncertainty over election results is behind us, and the process of ministry formation provides investors assurance of policy continuity.

“Given the recent election results fell short of expectations for the NDA, there might be a renewed focus on social expenditure, particularly in rural areas, to boost consumption, and drive economic activity,” says CA Arun Kumar Poddar, CEO & Executive Director, Choice International Ltd. In an interview with ETMarkets, Poddar said: “For the next six months, the trajectory of earnings for India Inc. appears promising, underpinned by recent trends indicating a robust performance in key sectors,” Edited excerpts: June has been a volatile month for the Indian market, but bulls managed to keep the momentum going and pushed benchmark indices to fresh record highs. What is fuelling optimism? Today (28th June, 2024) marked a historic milestone for our markets as we crossed the 79,000 threshold. Despite significant volatility to come in the first week of July, many market players anticipated this turbulence would create resistance to reaching new heights.

Congress is a «parasite» that feeds off its allies and mocked Leader of Opposition Rahul Gandhi for his «juvenile behaviour». Replying to motion of thanks on the President's address in Lok Sabha, Modi said, «After 2024 elections, Congress will be termed a parasite. It won 99 seats by living off the vote share of its allies. A parasite feeds on the body it inhabits and, similarly, Congress consumes the votes of its allies. It flourishes at the expense of its partners.» He said 2024 was the third consecutive defeat of Congress when it failed to breach the 100 mark. «But they are busy doing 'Sheershasana' (headstand) and trying to establish in the minds of people that they have defeated us… This is like trying to pacify a child.»

Republican contender Donald Trump has said that he would announce the name of his running mate in two weeks. He did not confirm who he would choose, but Senators JD Vance, Marco Rubio, Tim Scott, and Governor Doug Burgum are among the options. In a television interview, the former president said that he has not made up his mind, but these people are under consideration. He also said in the first interview after the first presidential debate that he may wait until it is clear whether Joe Biden will be the Democrat nominee or not.

French voters have propelled the far-right National Rally to a strong lead in first-round legislative elections and plunged the country into political uncertainty

economic data continued to point to slowing growth, although that gave little relief to the yen, which was pinned around a 38-year low that kept the market on alert for government intervention. The euro held not far off a three-week high against the greenback, and sterling firmed ahead of UK elections later in the day.