International Financial News

Three judicial officials have told the Associated Press that Lebanon has charged its embattled former central bank governor with the embezzlement of $42 million

Boeing will attempt to return its problem-plagued capsule from the International Space Station later this week — with empty seats

Frontier Airlines CEO Barry Biffle discusses growth opportunities for low-cost fares, the failed JetBlue-Spirit merger and more on 'Maria Bartiromo's Wall Street.' 

New York secretly assisted the Chinese government in gaining access to an official call regarding COVID-19 while living a lavish lifestyle as an undercover agent for Beijing. Linda Sun worked her way up to become the governor's deputy chief of staff over a roughly 14-year tenure. Federal prosecutors, however, claim that the 41-year-old secretly shared internal documents with Beijing and prevented Taiwanese diplomats from contacting the state government to help Chinese officials. China is said to have lavished Ms. Sun and her husband, Christopher Hu, with millions of dollars in kickbacks in exchange, enabling them to purchase a $4.1 million (£3.1 million) New York home and other benefits like personalized home delivery of salted duck. Also Read: Nightbitch: Check out new trailer, release date, plot and production team

ISRO chairman S Somanath will launch a private-sector cybersecurity R&D centre near Bengaluru international airport. The lab is being built by global forensics-driven cyber security solutions company SISA. The project "Cyber Nalanda" is a step towards revolutionizing cybersecurity with the laying of the foundation stone for a state-of-the-art R&D center in India. «This initiative is more than just a technological investment; it’s a commitment to securing the future of digital space, globally,» the company said.

₹3.5 crore to ₹4.2 crore (ex-showroom), positioning it at a minimum of ₹50 lakh to ₹60 lakh higher than the Maybach GLS with an internal combustion engine.According to a report by auto publication Carwale, the Indian variant of the Maybach EQS will feature a 122kWh battery pack, delivering an impressive claimed range of 611 kilometers. The SUV is equipped with dual motors providing all-wheel drive (AWD), producing a substantial 649bhp and 950Nm of torque.

Online brokerage platform Robinhood on Wednesday launched a share lending program in the U.K. that would allow consumers there to earn passive income on stocks they own, in the company's latest bid to grow market share abroad.

Renewable Energy Minister Pralhad Joshi on Wednesday stressed on the need to bring startups into the green hydrogen sector to bring new ideas and involve youth. Addressing a curtain raiser of the second International Conference on Green Hydrogen India 2024, Joshi said that there will be over 120 exhibitors in the event which is scheduled on September 11-13, 2024 in Delhi. He said for pushing green hydrogen mission, we need to bring startups as it needs young blood and new ideas. The event is to further green hydrogen mission for which government had allocated Rs 19,744 crore.

Olympic Council of Asia (OCA) is set to elect their new leadership at the upcoming 44th OCA General Assembly set to take place at the Bharat Mandapam, Convention Centre, in New Delhi on September 8. Acting President of the Olympic Council of Asia, Randhir Singh, Minister of Youth Affairs and Sports, Mansukh Mandaviya, and top sports leaders from all 45 countries of Asia will be present on the occasion. The key event will officially announce the former international shooter and veteran sports administrator, Randhir Singh as the first Indian president of the OCA after he emerged as the sole candidate for the top post earlier this year.

GTPL Hathway, India’s largest Multi-System Operator (MSO), has launched its entertainment app, GTPL Buzz, which offers cloud gaming, live TV streaming, and international content channels. GTPL Buzz marks the first commercial launch of Blacknut Cloud Gaming in India. The subscription-based service offers over 500 premium AAA games, allowing users to enjoy high-quality gaming without the need for expensive consoles. The service supports up to five profiles, enabling family members to play simultaneously across various devices, including mobiles, tablets, PCs, Android Set-Top Boxes, and smart TVs. The app enables GTPL customers with active cable TV or broadband connections to stream live TV content on their mobile devices, providing the flexibility to watch TV anytime and anywhere. Branded as GTPL Live TV, this service allows streaming on two additional devices simultaneously, complementing the content available on traditional set-top boxes.

HSBC Mutual Fund has announced the launch of HSBC India Export Opportunities Fund, an open-ended equity scheme following the export theme. The new fund offer or NFO of this new scheme will open for subscription on September 5 and will close on September 19. HSBC India Export Opportunities Fund aims to generate long-term capital growth from an actively managed portfolio of equity and equity-related securities of companies engaged in or expected to benefit from export of goods or services. The scheme has the flexibility to invest in companies that are part of the exports theme across market capitalization – large cap, mid cap and small cap companies, according to a press release by the fund house.

Taiwan and Mongolia, to China's top annual security forum in mid-September, a U.S. official told Reuters. The choice of Chase has not been previously reported. He is more senior than the U.S. officer who attended the Xiangshan Forum last year, a sign that the U.S. military is hoping for deeper working-level engagement with China amid regional disputes and increased deployments across East Asia. More than 90 countries and international organisations plan to send delegations to the Sept. 12-14 forum in Beijing, Chinese state media reported Wednesday.

Sebi chief Madhabi Puri Buch. In an X post on September 4, Mumbai Congress took note of Sebi's «internal rot». It is shocking to see Sebi's internal rot exposed by its own employees, the post read. «Allegations of a 'toxic work culture' under Madhabi Puri Buch, with accusations of shouting, fear-driven policies, and regressive practices, raise serious concerns,» it further said.

Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 4.89%), Krishana Phoschem Ltd.(up 3.72%), The Fertilisers and Chemicals Travancore Ltd.(up 2.06%), Southern Petrochemicals Industries Corporation Ltd.(up 1.56%), Chambal Fertilisers & Chemicals Ltd.(up 0.73%), Nagarjuna Fertilizers and Chemicals Ltd.(up 0.49%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 0.46%), Rama Phosphates Ltd.(up 0.35%), Paradeep Phosphates Ltd.(up 0.35%) and Rashtriya Chemicals & Fertilizers Ltd.(up 0.15%) were among the top gainers.

Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...

Ventive Hospitality, a joint venture between the world's largest private equity firm Blackstone Group and Pune-based Panchshil Realty, is looking at filing a draft prospectus for an initial public offering in the next couple of weeks, according to sources close to the development. The JV, which could be the largest international multi-brand hotel owner in India by Ebitda, plans to raise around ₹2,500 crore through a fresh issue of shares.

Adani Green Energy, the renewables arm of the Adani Group, plans to redeem $750 million in bonds due on September 9, which has led yields to drop 60 basis points to 6.22%. The redemption will be financed through a mix of internal accruals, a $300 million infusion from strategic partner Total Energies (which holds a 19.75% stake), and $281 million from the promoters. The company will also draw $169 million from the debt service reserve account, hedge reserves, and interest on reserves, sources said.

₹4,000 crore. Canada Pension Plan Investment Board (CPPIB), the other final bidder, too had submitted a binding bid for the deal run by JP Morgan. Cube Highways will now be given exclusivity to close the deal for the portfolio of five road assets totalling 230 km.

IT companies have slashed their subcontracting costs — or, spending on high-cost temporary workforce — to multi-year lows, driven by increased focus on margins, cost optimisation, and enhancing internal capabilities. Over the past 12-18 months, as growth in the $250-billion software services industry slowed, players like Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, and Tech Mahindra have been scaling back low-margin subcontracting, or the practice of employing temporary workers at high costs. Instead, they are focusing on upskilling existing employees, improving billable utilisation, and leveraging generative AI (GenAI) to meet the demands of increasingly complex projects, industry analysts said.

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),...

Boeing has faced a plethora of negative news and nearly nothing but issues. If a new contract isn't reached by September 12, 32,000 workers may go on strike against Boeing. While Boeing struggles with its past decisions and ongoing financial issues, the union demands better wages, benefits, and job security. On September 12 at 11:59 p.m. PT, the agreement between Boeing and the International Association of Machinists is scheduled to expire. The employees who assemble the company's aircraft in Washington state are scheduled to go on strike for the first time in sixteen years if they don't get a new contract. The union's president believes that there is currently little chance of a deal. The major issues that divide them are pay, health care, retirement, and vacation time, according to Jon Holden, the president of IAM District 751, who spoke with CNN last week. They're still working on it, but it's been a difficult process to get there.