Exodus Financial News

Alliance Army and the Ta'ang National Liberation Army – who have collectively dubbed themselves the Three Brotherhood Alliance. Fighting continues in several parts of the country and the Three Brotherhood Alliance has also blocked two vital trade routes to China and seized a vital border crossing.

By Yukiko Toyoda, Kiyoshi Takenaka and Laurie Chen

Gaza Strip on Wednesday seeking refuge from Israeli air strikes and fierce ground fighting between Israeli troops and Hamas militants. The exodus took place in a four-hour window of opportunity announced by Israel, which has told residents to evacuate the area or risk being trapped in the violence. However, the central and southern parts of the small, besieged Palestinian enclave were also under fire as the war between its Islamist Hamas rulers and Israel entered its second month. Palestinian health officials said an air strike that hit houses in Nusseirat refugee camp killed 18 people on Wednesday morning. In Khan Younis, six people, including a young girl, were killed in an air strike. «We were sitting in peace when all of a sudden an F16 air strike landed on a house and blew it up, the entire block, three houses next to each other,» said a witness, Mohammed Abu Daqa. «Civilians, all of them civilians.

By Gaurav Dogra

In a strategic move to streamline its operations, UBS Group is offloading $5 billion in managed assets from its high-net-worth client portfolio, as it continues to integrate and reevaluate the recent acquisition of Credit Suisse components.

ZURICH (Reuters) — UBS Group reported a $785 million third-quarter loss on Tuesday after booking $2.1 billion in expenses tied to the Swiss bank's takeover of fallen rival Credit Suisse.

equities by foreign portfolio investors intensified in October as a sharp spike in the US bond yields amid concerns that interest will stay higher for longer triggered a risk-off mood on Dalal Street. Data shared by the National Securities Depository Ltd (NSDL), showed that eight major sectors saw high selling by FPIs, with financial services bearing most of the brunt of it. FPIs net sold shares worth Rs 28,933 crore or $3.5 billion across eight sectors, namely financial services, information technology, oil & gas, power, fast moving consumer goods, construction, consumer durables, and healthcare.

military action that became inevitable given the remorseless logic created by the October 7 attacks by Hamas that killed some 1,400 Israelis. Given the magnitude of that move, Israel had no option but to attack Gaza with stated maximalist aims: the elimination of Hamas. Considering the militant organisation runs the densely populated territory — it's more Taliban than the Islamic State, in this respect — civilian casualties are sadly inevitable as Israel follows its goal of uprooting it.

Law firm business models are causing “social harm” for employees and leading to an exodus from the legal profession, the former local head of international behemoth Clyde & Co says.

The exodus of tens of thousands of professionals from Hong Kong, triggered by Beijing’s crackdown on its civil liberties, is being offset by new arrivals: mainland Chinese keen to move to the former British colony

Infosys continues to be plagued by the exodus of senior executives to rivals with Rajeev Ranjan being the latest to leave India’s second-largest software services exporter after a stint of more than 24 years. Ranjan, who was the executive vice president (EVP) and service offering head for manufacturing in India and Japan business units, left Infosys to join US-based engineering firm Ness Digital Engineering as its chief operating officer (COO).

Macquarie’s banking and financial services arm has cut the number of advisers on its books under the premise of a restructure, Street Talk understands.

Latin America is carving a unique narrative in the global cryptocurrency landscape, with Venezuela and Argentina standing out due to their distinct socio-economic and political contexts. According to a report by Chainalysis, Latin America ranks seventh in the global crypto economy hierarchy, just ahead of Sub-Saharan Africa. The region's preference for centralized exchanges (CEXs) over decentralized exchanges (DEXs) is notable, contrasting with global trends. However, the core attraction lies in how cryptocurrency is morphing into a tool against economic adversities in Argentina and a shield against authoritarianism in Venezuela.

HONG KONG—Hong Kong’s government is grappling with an exodus of citizens and a plummeting birthrate. Its solution: Subsidize baby-making. The city has lost its appeal to some residents over the last four years, hurt by strict rules during the Covid-19 pandemic, anxieties about the growing political influence of Beijing, and competition from Singapore and elsewhere.

VIX is at 20, stocks are on the brink of their worst October in five years, and every other day the bond market throws a fit. For equity bulls conditioned to dive in at any sign of weakness, it’s getting to be too much. Across investor categories, they’re pulling money out and hardening a posture that is by some measures the most defensive in over a year. Surveys of professional managers show big-money allocators have cut their equities to levels last seen at the depths of the 2022 bear market.

(Reuters) — Global equity funds registered their fifth weekly outflow in a row in the seven days to Oct. 18 hit by the persistent rise in U.S. bond yields with strong economic data heightening expectations of sustained high interest rates.

₹11,593.08 crore and bought stocks for ₹9,761.24 crore, resulting in an outflow of ₹1,831.84 crore, according to NSE data. Domestic institutional investors (DIIs) bought equities worth ₹8,166.53 crore and offloaded shares worth ₹6,697.03 crore, resulting in an inflow of ₹1,469.50 crore, the exchange data showed. The 30-share BSE Sensex plunged 551.07 points, or 0.83%, to end at 65,877.02.

Nikol Pashinyan skipped the CIS summit in Kyrgyzstan last week, Russia-Armenia ties are striving to remain steady as the partnership serves national interests of both countries. While there are fears that Russia-West conflict might “spread to Armenia '' in the backdrop of exodus from Nagarno-Karabah, Armenia and Ukraine are two different situations despite rising differences of opinion between Moscow and Yerevan. Armenia is a member of the Russia-led Collective Security Treaty Organization and has a bilateral defense agreement with Russia. Armenia and Russia have strategic partnership and Armenia currently hosts around 10,000 Russian troops, 5,000 of which are stationed at Gyumri's 102nd Russian military base.

Israel-Hamas War: Israel's actions in Gaza have gone «beyond the scope of self-defence» and the Israeli government must «cease its collective punishment of the people of Gaza», China's Foreign Minister Wang Yi said in remarks published Sunday. Wang's remarks, made on a call to his Saudi Arabian counterpart Prince Faisal bin Farhan on Saturday, came as Israel appeared poised for a ground offensive against Hamas militants in Gaza. «Israel's actions have gone beyond the scope of self-defense,» Wang said according to a foreign ministry readout «It should listen earnestly to the calls of the international community and the UN secretary general, and cease its collective punishment of the people of Gaza,» he added in the strongest stance China has expressed so far on the conflict. More than one million people in the northern part of the crowded enclave have been ordered to flee ahead of the expected assault, an exodus that aid groups said would set off a humanitarian disaster.

Zhai Jun will visit the Middle East next week to push for a ceasefire in the Israel-Hamas conflict and promote peace talks, state broadcaster CCTV reported Sunday. Zhai «will visit the Middle East next week to coordinate with various parties for a ceasefire, to protect civilians, ease the situation, and promote peace talks,» CCTV said in a video posted to its official social media account on Sunday. The CCTV report came as Israel appeared poised for a ground offensive against Hamas militants in Gaza. More than one million people in the northern part of the crowded enclave have been ordered to flee ahead of the expected assault, an exodus that aid groups said would set off a humanitarian disaster. The cramped and impoverished territory, where 2.3 million residents live on top of each other, has been under a land, air and sea blockade since 2006. The latest deadly Israeli salvos were sparked by a Hamas raid which saw fighters break through the heavily fortified border between the Gaza Strip and Israel and gun down, stab and burn to death more than 1,300 people. In Gaza, health officials said Israel's response had killed more than 2,200 people.

By Suleiman Al-Khalidi and Maya Gebeily