Extreme Financial News

The S&P 500 (SPX) closed 2.5% higher last week, which marked the 7th straight week of gains. The index is now very close to posting fresh record highs as it returns to trade above 4700 for the first time since January 2022. Overall, the S&P 500 is up about 15% from the October lows.

By Leika Kihara

Indian Air Force on Monday joined hands with the Indian Army to help with the unprecedented flooding and rains in Tamil Nadu. «On December 18, Tamil Nadu received unprecedented rains in the last 24 hours that have caused extensive flooding in Tirunelveli and Thoothukudi districts. The IAF responded swiftly and tasked Air Force Station Sulur with humanitarian assistance and disaster relief operations, which is currently being undertaken by MI -17 V5 helicopter,» the Indian Air Force said in a post on 'X'. Indian Army rescued flood-affected people from the Vasavappapuram area in Thoothukudi. They rescued 118 people from the flood-affected areas of Vasaipuram in Tamil Nadu.

(Reuters) — Budget hotel operator Wyndham Hotels & Resorts (NYSE:WH) on Monday asked its shareholders to reject Choice Hotels (NYSE:CHH) takeover offer, citing regulatory review of up to 24 months and lower valuation.

NEW DELHI : The government in collaboration with the World Bank is working on a proposal to improve air conditioning technology—in anticipation of a spike in use over the next 20 years—to cut carbon emissions, said a senior government official. These super-efficient air conditioners will be 30-40% better than the 5-star ones available now.

oil prices are on a declining trend. This, despite production cuts announced earlier this year by Opec and Russia, because US output is likely to reach record highs. Last week, IEA released its projection that suggests that world oil consumption will increase by 1.1 million bpd in 2024, up by 130,000 bpd from its earlier estimate.

China's south province of Guangdong faced rare snowfall while temperatures in the chilly north dropped to historic lows for the month. Also Read: China detects 7 infections of COVID subvariant JN.1; is this a variant of concern? Here are the details In China's northern areas, the mercury fell to historic lows below zero in northern areas. The extreme weather resulted in blocked roads, rail, and air transport.

This was met by a sense of déjà vu among delegates of the Alliance of Small Island States (Aosis), an intergovernmental organisation representing the nations most vulnerable to climate change. In her post-summit statement, Aosis lead negotiator Anne Rasmussen expressed confusion that the UAE Consensus, COP28's final agreement, was approved when representatives from small island developing states (or Sids were not in the room. While some delegates hailed the consensus as «beginning of the end» of the fossil fuel era, Aosis countered that the document contained a «litany of loopholes» which did little to advance the key actions needed to stave off climate breakdown and deliver justice to islands and low-lying states facing the gravest consequences of the climate crisis. Aosis member states came to COP28 to build on the momentum of their victory in the final moments of COP27 a year earlier in Egypt, when delegates agreed to establish a loss and damage fund which would pay developing nations for the unavoidable and extreme consequences of climate change. The group had fought over 30 years in climate negotiations for this fund. Additionally, Aosis identified fundamental areas required to save Sids from impacts such as sea-level rise, desertification and climate migration.

Kendall Jenner and Bad Bunny have parted ways after dating for less than a year. According to 'Entertainment Tonight', the two «have been doing their things lately and things slowly started to fizzle out between them.» Quoting an unnamed source, it said «They both knew going into this that it likely wouldn’t be a forever type of relationship and that was mutually understood from the get-go.»

The S&P 500 (SPX) closed 2.5% higher last week, which marked the 7th straight week of gains. The index is now very close to posting fresh record highs as it returns to trade above 4700 for the first time since January 2022. Overall, the S&P 500 is up about 15% from the October lows.

1. Unprecedented Unity in Scale:The Surat Diamond Bourse brings together a vast community, uniting the cutting, polishing, and trading activities under one roof, encompassing over 4,500 offices and 130+ elevators, with a total passage exceeding 22 kilometers.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

We don’t support this browser anymore. This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Indian Meteorological Department (IMD) has issued red alert over South Tamil Nadu today i.e. on 18 December. As per IMD, “Heavy to very heavy rainfall with extremely heavy falls (above 204.4 mm) is likely to continue over South Tamil Nadu on December 18." Chief Secretary Shiv Das Meena informed reporters on Monday that the rains and flooding were unprecedented and that the Army, Navy, and Air Force had been called upon for assistance.

India vs South Africa, 2nd ODI: Team India pacers Arshdeep Singh and Avesh Khan entered the world of One Day International (ODI) cricket with a bang as the 'dangerous' South African batters collapsed against the two young seamers. KL Rahul-led young Team India won the first ODI with 8 wickets and will look to seal the series on Tuesday. As KL Rahul looks to recover from the scars of a 0-3 series defeat in 2022, the second ODI will also see one new face as Rajat Patidar or Rinku Singh are preparing for their ODI debut.

Sailesh Raj Bhan, CIO, Nippon India Mutual Fund, says: “Logistics is one space which post-GST has become a scalable, large, all India opportunity which is possible. This is directly available to us. Second area is while pharmaceuticals might seem to have done well over the last 20 years, the same opportunities as young as it was maybe a decade back because the country itself is changing, the demographics are changing, the scale itself is changing there. Within manufacturing or energy transition, the power side, the activity levels in India could be way higher and way different in the next 7-10 years. That will throw in a lot of activity on transmission and power networks. Bhan also says: “These spaces appear to be extremely attractive and the most commonly talked about luxury space in India because of what is really happening in the upper end, the top 10% of India behaving exactly like how the high-income countries globally behave.” Everyone is smiling this year, do you think the smiles will last for 2024 as well? I think the micro conditions have significantly improved and policy continuity is also being anticipated by the market.

global market cues. The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 21,482 level as compared to the Nifty futures’ previous close of 21,558.

heavy rainfall continued in the south districts of Tamil Nadu on Monday, as Palayamkottai recorded 26 cm, and Kanyakumari recorded 17 cm of rainfall. Meanwhile, flood-affected people in the Tirunelveli district moved to a shelter camp. A visual from the shelter home showed people lining up for ration. In Thoothkudi district, taluka Srivaikuntam received 525 mm of rainfall on Sunday and a extremely heavy rainfall in the area is predicted.

Day trading guide for today: Following strong global market sentiments, Indian stock market finished higher for seventh week in a row on Friday last week. Nifty 50 index surged 2.30 per cent last week and closed at 21,456 levels after climbing to a new high of 21,492. BSE Sensex logged weekly gain of 2.18 per cent and ended at 71,483 levels after hitting a new high of 71,605 on Friday.

A substantial warning has been issued by the Securities and Futures Commission (SFC) of Hong Kong against two cryptocurrency firms, namely Hong Kong Digital Research Institute (commonly known as HongKongDAO) and BitCuped, both of which are accused of engaging in fraudulent operations.

What is the structure and scope of the new L&D Fund? An exclusive L&D Fund was formed in the dying hours at COP27 in Sharm el-Sheikh as SIDS, Africa and other developing countries insisted upon a dedicated corpus to aid developing countries reeling under climate change-induced extreme weather and slow onset events. Though the fund was formed, decisions on its structure, scope and character were left for Dubai. A transitional committee constituted to shape the fund made recommendations after multiple meetings over the past year.