International Financial News

Kazakhstan President Kassym-Jomart Tokayev recently announced that his country has successfully attracted $400bn in Foreign Direct Investment (FDI), with plans to bring in an additional $150bn by 2029. This new investment cycle will be spearheaded by the Investment Council. During his address at the Astana International Forum, President Tokayev highlighted the significant political reforms underway, which aim to bolster stability and cater to the democratic aspirations of the populace. He cited the recent referendum on the construction of a nuclear power plant as evidence of Kazakhstan's commitment to democratic values. In addition to attracting foreign capital, Tokayev reaffirmed Kazakhstan's commitment to regional cooperation, particularly within Central Asia. He noted the beneficial impacts of increased collaboration among neighboring countries and highlighted the significant transformations in the region over the past decade.

Piyush Goyal said on Friday that India’s self-confidence and courage of conviction are vital for asserting its global position. «This belief empowers the nation to take bold actions, enabling it to tackle challenges and seize opportunities on the international stage,» Goyal said at the 13th SHRM India Annual Conference 2024. «India is emerging as a powerful and rapidly growing economy and this transformation showcases the nation's resilience and innovation, positioning it as a leader in global economic growth,» Goyal added.

Cyprus banks say their exposure to risky Russian and Ukrainian businesses shrunk by more than 13,000 clients and 35,000 accounts amounting to $2.17 billion in the year after Moscow’s 2022 invasion of its neighbor as they fully adhered to sanctions that...

Egypt has raised fuel prices by between 10% and 17%, a move likely to impact the cost of both goods and services

Global finance leaders are facing a major uncertainty as they meet in Washington next week: Who will win the U.S. presidential election and shape the policies of the world’s biggest economy

Subscribe to enjoy similar stories. When fashion writer Meher Castelino first met designer Rohit Bal in 1989, one of the questions she asked was, “Are you an Indian?" They were meeting on a day that marked many firsts: A young multi-designer store Ensemble was hosting its first fashion show in Mumbai, and Bal, then in his 20s, was presenting a debut collection, featuring light-coloured, ready-to-wear men’s kurtas.

Nippon India Mutual Fund has announced suspension of subscription in its four international funds through lumpsum, switch-ins and fresh registration of SIPs/STPs or such other special products to avoid breaching overseas investment limits. The changes will be effective from October 18. The fund house informed about this to its unitholders through a notice cum addendum.

Yahya Sinwar, the Palestinian militant leader who helped in plotting the deadliest assault on Israel in its history, released a drone footage where the leader was seen throwing a stick as what appeared to be his last restort while his right arm seemed to be severely wounded. As per the footage released by IDF International Spokesperson Lieutenant Colonel Nadav, the militant leader was seen alone in a ruined Gaza apartment with the walls blown out from shelling, sitting in a chair covered by dust, with his head and face obscured by a scarf.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Subscribe to enjoy similar stories. Over 400,000 Indians are studying in Canada but experts estimate a drop of 100,000 in the coming year as India-Canada ties plummet. With Ottawa also restricting other international students, Mint asks if Canada’s youth-and-education charm is fading.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Ceat on Thursday said its consolidated profit after tax declined 42 per cent year-on-year to Rs 121 crore for the second quarter ended September 2024 on account of an increase in commodity prices. The company reported a profit after tax of Rs 208 crore in the July-September period of the last fiscal. Its revenue from operations rose to Rs 3,304 crore for the second quarter compared to Rs 3,053 crore in the year-ago period, Ceat said in a regulatory filing.

Hammond, who is also head of international distribution for iM Global Partner and CEO of iM Global Partner UK, is departing to pursue other business and personal interests. A spokesperson for the firm told Investment Week: «The company wishes Jamie well in his future endeavours and appreciates his contribution over the last three years in building the international business and positioning iM Global Partner for the future.» iM Global Partner appoints Jamie Hammond as deputy CEO and head of distribution for EMEA Hammond took on the role in 2021, having joined from Alliance Bernstein...

Subscribe to enjoy similar stories. New Delhi: State-run Oil and Natural Gas Corp.

Nuclear power is garnering renewed attention amid growing demand for power and cleaner energy

Subscribe to enjoy similar stories. MUMBAI : Bajaj Auto Ltd’s shares fell 11% on Thursday after its management painted a sombre picture of domestic two-wheeler demand for the ongoing festive season while announcing the September quarter results (Q2FY25).

Subscribe to enjoy similar stories. Venture capital (VC), by definition, has a higher risk appetite than conventional sources of capital, and many VC enthusiasts would argue that venture investing is a moonshot game.

Mumbai: The pattern of domestic airlines receiving bomb threats to their flights continued for the fourth day as two international flights, one each of Vistara and IndiGo, were targeted in the similar manner on Thursday. Earlier on Wednesday, seven flights of IndiGo, SpiceJet and Akasa received similar bomb threats. Prior to that, nearly a dozen flights operated by Indian carriers received similar threats on Monday and Tuesday. On Thursday a Mumbai-bound Vistara flight with 147 persons on board was immediately taken to security checks on its arrival from Frankfurt following the Boeing 787 aircraft receiving a bomb threat, according to the airline.

Maruti Suzuki India Limited has reached a significant milestone, with the Manesar facility crossing the 1 crore cumulative production mark. According to Maruti Suzuki, the vehicle to roll out from the plant was the popular compact SUV, Brezza, underscoring the automaker's growing presence in the SUV segment. The Manesar plant achieved this feat in just 18 years, making it the fastest among Suzuki's global automobile manufacturing facilities to reach the 1 crore production milestone.

Ircon International shares are in focus after the company signed a Memorandum of Understanding (MoU) with Patel Engineering Limited. This agreement aims to foster collaboration between the two companies in exploring, identifying, and jointly executing mutually beneficial business opportunities in various infrastructure projects, both in India and overseas. The stock is also drawing attention due to the recent shareholding changes in the September quarter. Mutual funds reduced their stake in the railway infrastructure company, with holdings dropping to 0.31% as of September 30, down from 1.67% at the end of the June quarter. Notably, Quant Active Fund exited its position in Ircon during this period, after holding a 1.15% stake in the company as of June.

Bikaji Foods International shares will be in focus on Thursday after the company announced that its wholly-owned subsidiary, Bikaji Foods Retail, will make a strategic investment of Rs 131.01 crore for a 53.02% stake in Hazelnut Factory Food Products. Hazelnut Factory is a café-cum-artisanal sweets brand based in Lucknow. The investment will be made in tranches, with the acquisition expected to be completed over the next two years, according to the company's stock exchange filing.