Extreme Financial News

Chinese warships have made a first visit to a Cambodian naval base that Washington has long feared will boost Beijing's influence in the Gulf of Thailand. A Cambodian defence ministry official said on Thursday that Chinese-funded work to expand the Ream base, near the port city of Sihanoukville, would be «finished soon». Cambodian Defence Minister Tea Seiha said on his Facebook page that he had visited the two ships docked at the base on Sunday «to prepare a training of our Cambodian naval fleet». Cambodian officials refused to give any details of the vessels, the purpose of their visit or how long they were staying, but a sign on one of the gangways identified it as belonging to the Chinese navy. Chinese Foreign Ministry spokesperson Wang Wenbin said: «China and Cambodia have an extremely deep friendship, and the two sides have developed richly successful cooperation in many fields.» The Vice-Chairman of China's Central Military Commission, General He Weidong, visited Phnom Penh earlier this week and met Prime Minister Hun Manet. Cambodia has long had close relations with Beijing and US officials fret that the base will boost China's effort to buttress its international heft with a string of naval and military outposts. Satellite imagery published in July showed that a 363-metre (1,190-foot) pier had been built jutting out into the sea.

Investing in small-cap mutual funds offers an opportunity to participate in the growth potential of promising companies. Nevertheless, investors must acknowledge the accompanying higher levels of risk. Large investors frequently underestimate small-cap companies, presenting an opportunity to discover undervalued gems that boast substantial growth potential.

Taylor Swift and Travis Kelce have managed to keep their relationship under wraps, surprising many Swifties who initially believed they started dating after being spotted together in September. However, in a recent interview with Time magazine, Swift revealed that they had been dating since July when Kelce mentioned her on his podcast, expressing his regret at not meeting her during her Eras Tour gig in Kansas City. This revelation suggests that their relationship has been ongoing for a longer duration than initially speculated. Taylor Swift disclosed that she initiated contact with Travis Kelce after hearing his podcast, leading to them secretly spending time together. This revelation adds another layer to their previously undisclosed relationship, shedding light on the behind-the-scenes dynamics that preceded their public appearances together. “So we actually had a significant amount of time that no one knew, which I’m grateful for, because we got to get to know each other,” she explained.

Mint explains why the city, which prides itself as an ideal investment destination, needs to do a lot more. The slow-moving cyclone dumped an unprecedented 43 cm of rain in just 35 hours leading to massive flooding across the city. This caused a major power outage which lasted more than 36 hours and it disrupted telecom services, including the internet.

mental health concerns mounted in 2023. Nearly half a dozen counsellors and experts ET spoke with said they are getting an alarmingly high anxiety- and depression-related complaints from the Gen Z — who witnessed a multi-fold increase in stress levels amid rising fears of job loss, inroads of artificial intelligence at work, a tightening economy and layoffs in certain sectors.

FreedomWorks senior economist Steve Moore provides insight on the state of the economy on 'Making Money.'

«With this partnership, we aim to bring more convenience and best offers for Vi users. As an introductory offer, there will be zero convenience fees on all flight bookings,» the company said in a statement. «Additionally, the users will soon be entitled to get offers on domestic & International hotels, holidays, buses, activities and cab bookings,» it added.

ABFRL), on Wednesday announced a joint venture with high-end Parisian footwear brand Christian Louboutin, strengthening its play in India’s small but growing luxury goods market. This collaboration envisages the transfer of the current Indian business into a newly incorporated subsidiary of ABFRL where the partners will hold equal stake. The move follows ABFRL’s 2022 announcement to bring luxury department store chain Galeries Lafayette to India via large stores and a dedicated e-commerce platform.

Sanjiv Bhasin, Director,IIFL Securities, says “maybe the near-term markets are looking stretched, but look for the slightly long term, if we do get a continuation of the present government, then there is no hold barred for the next five years. Plus, crude is at a three-four month low. Bond yields are hitting lows. All set for 2024 to welcome equities in a new space and now there is a left out feeling, which is maximum for the foreign FIIs.” Bhasin further says: “In banks, I would recommend Kotak among largecaps and Bandhan Bank among smallcaps. However, for a retail investor, doing a SIP or buying the Bank Nifty BeES would be an ideal way of participating in a basket of stocks.” Clearly the stage is set for 21K insight. In a market like this, what is the advice for those who have been sitting on the sidelines, waiting for the right entry point? Well, there is no advice. There is just this fact that equity has no timing. It is how much time you spend in the market. Choose your SIPs, choose your mutual fund and try and get in or seek some brokerage firm which can advice you better and the owning of an asset class called equity is the underlying theme which has been why you have seen the amount of SIPs which have been the rock behind the wall and which have counteracted all the FII selling.

By Mike Dolan

A new study in the US suggests some market players placed bets in anticipation of Hamas’s 7 October attack on Israeli targets in which more than 1,200 people were killed. While it’s unsettling to contemplate profits made off terror, could trading patterns serve as intelligence inputs for agencies tasked with thwarting such attacks? If market participants have information about what’s going to happen, no matter how few they are, it might be useful to watch out for suspicious activity. But linking any market trades to foreknowledge of violence is easier said than done.

Navadhan has raised $5 million (Rs 40 crore) in its pre-series A round of funding led by Prime Venture Partners. Existing investors Gemba Capital and Varanium NexGen Fintech Fund also participated in the round. Founded in 2019 by senior financial services and banking executives, the Mumbai-based company had previously raised around $2.8 million over two seed rounds.

₹40 crore) in a pre-Series A round led by Prime Venture Partners. Existing investors Gemba Capital and Varanium NexGen Fintech Fund also participated. The new funds will be used to enhance the company’s AceN tech platform, which connects small, rural businesses with NBFCs and banks, and scale up its distribution and service delivery model, the startup said.

Apple's iPhone business in India will have no impact from the reported factory closure in Chennai due to the extreme weather situation in Chennai owing to cyclone Michaung, said industry executives close to the company. They said Apple ensures there are enough buffer stocks of iPhones in distribution to deal with such situations. «Apple does not work in a just-in-time inventory model, where a day of downtime impacts supplies. They ensure there is enough stock to tide over a week-long disruption,» said one of the executives, who did not wish to be identified. The executives said Apple treats worker safety as the top priority in such situations and that this has been communicated to its suppliers in the cyclone-affected area. Production was yet to resume at Foxconn and Pegatron facilities in Sriperumbudur near Chennai on Tuesday, despite an improvement in weather, after being halted following heavy rains impacting day-to-day life in the coastal city and its outskirts. Taiwan-headquartered Foxconn and Pegatron are two of Apple's key local assemblers of iPhones and are part of the government's production-linked incentive scheme.

The uncertainty around near-term interest rates has dominated the story of the stock market in 2023. Perhaps not since the 1970s—when runaway inflation and sky-high interest rates were the crisis du jour—has monetary policy affected investment outcomes in such a pronounced way. Yet look more closely, and it would seem that Wall Street has been more influenced by perception than reality: Company and individual balance sheets remain mostly healthy, businesses are battle tested and unemployment remains low.

What sort of climate deal is a summit hosted by the world’s third-largest net oil exporter most likely to pull off? The type that boosts revenues for petroleum companies. The Oil and Gas Decarbonization Charter unveiled at the United Nations CoP-28 summit in Dubai counts as one of the most substantive pacts to have emerged from the conference so far. The agreement includes most of the traditional Western oil majors, state producers from Saudi Arabia and hosts the United Arab Emirates, between them accounting for about 40% of global oil output.

Annual global carbon budget highlights unprecedented emission levels Global carbon emissions from fossil fuels have surged to record levels in 2023, posing an imminent threat to climate stability, according to research by the Global Carbon Project science team. The annual Global Carbon Budget reveals that fossil carbon dioxide (CO2) emissions are projected to reach a staggering 36.8 billion tonnes in 2023, marking a 1.1% increase from the previous year. While some regions, including Europe and the USA, witness a decline in fossil CO2 emissions, the global trend indicates an alarming rise.

The most comprehensive global look at test scores since the pandemic shows learning loss is a stubborn worldwide problem, with American 15-year-olds experiencing similar or slightly less severe setbacks compared with peers in other countries. Economically developed nations saw substantial drops in reading and math on international exams, according to new data released Tuesday. U.S.

SoftBank Corp will invest roughly 473 million euros ($514 million) to take a 51% equity stake in Cubic Telecom that will give the Dublin-based connected-vehicle technology provider greater access to Asian automakers. The Japanese telecommunications arm of tech investment giant SoftBank Group and Cubic «will form a strategic global partnership to pioneer the future of software-defined connected vehicles,» the two companies said on Tuesday.

Samir Arora, Founder, Helios Capital, says ‘the FOMO feeling should be there to invest for the long term. Do not hope and pray that the whole market goes up in six months before you have invested a major proportion of your future income. You actually want the market to go up steadily which it never does. It is not that I am saying that it ever does that. I am just saying just enjoy the whole ride rather than a day at a time.” Are largecap stocks getting ready to do a tango now? Yes, and that we have been saying for long simply because if you look at the performance of midcap stocks, say from 2000 to 2019, before Covid, there was not a very big difference between the midcap index and the largecap index. Then suddenly from 2020, if you start from March, the difference is something like 25% per annum over two years. We know broadly that these things in the end are somewhat similar. The midcap is about 0.5% to 1% higher in normal long duration and so this is obviously extreme.

IMD bulletin. The forecast of reduced rainfall intensity comes as a relief after Cyclone Michaung wreaked havoc across Chennai and adjoining districts, causing flooding and disrupting normal life on Monday. Residents in some parts of Chennai reported no rain since early hours on Tuesday and mentioned that power services had been restored in those areas.