International Financial News

Just back from a visit to Ukraine, a U.S. Treasury official is describing a country whose wartime economy has proven resilient in the face of Russia’s invasion, and he says U.S. and allied budget assistance is designed to help Ukraine combat corruption...

Boeing will be hoping the third time's a charm on Wednesday as they try once more to launch astronauts aboard a Starliner capsule bound for the International Space Station.

at the popular Mendenhall Glacier Recreation Area. The agreement, which was signed by the city manager and major cruise line executives, also calls for yearly meetings to “review lessons learned, to review and optimize the subsequent season’s operations, and align on community and industry parameters, goals, and opportunities." Pierce said city leaders are “trying to balance the needs of our residents, the needs of our economy, the needs of future opportunities for people to stay in our community." Karla Hart, a longtime critic of the industry, is skeptical of the new agreement, saying it doesn't do enough to address concerns many residents have that current tourism levels are unsustainable.

South Korea's president says his country will expand development aid to Africa and pursue deeper cooperation with the region of 1.3 billion people on critical minerals and technology

A group of OpenAI’s current and former workers are calling on the ChatGPT-maker and other artificial intelligence companies to protect whistleblowing employees who flag safety risks about AI technology

2025 BMW 1 Series will be a substantially revamped version of the existing F40 model, rather than a completely new offering. Dubbed the F70 internally, the new '1' will retain its five-door body style, with a redesigned silhouette that hints at fresh front and rear bumpers, as well as novel LED daytime running lights.

Recent documents submitted to a U.S. federal court allege that major British bank Standard Chartered helped finance sanctioned Iranian entities and terrorist groups, and that relevant evidence was ignored by American authorities.

India doesn’t address concern over taxation, the chief of IATA warned on Tuesday.

Named after the famous bridge in Venice which connects two sides of the Grand Canal, Project Rialto is a collaboration of the BIS Innovation Hub Eurosystem and Singapore Centres in partnership with several central banks. It explores a new automatic FX settlement layer using wCBDC as a safe settlement asset that could be deployed for interlinked instant payment systems or digital asset systems.Improving cross-border payments is an explicit international policy goal and a priority of the G20.

And as per early trend, of 42 seats in Bengal, TMC is leading in 31, BJP in 10 and Congress in 1. For BJP, it is a 10 seat less from the 2019 Lok Sabha elections.

Also Read: Markets down 5%: Here's how Nifty has performed on previous election result daysThis political uncertainty has led to a sharp market downturn, with investors re-evaluating their positions in response to the unfolding political landscape. The shift in sentiment has underscored the market's sensitivity to political developments and the crucial role of stability in maintaining investor confidence.

₹429 apiece from Monday's high of ₹559, while REC tumbled to ₹472.40 from its previous high of ₹607.80 per share.Also Read: Stock market today: Investors lose ₹38 lakh crore as election race gets tighter than what exit polls predictedOther multibagger PSU stocks such as RVNL, IRFC, RailTel Corporation, and IRCON International also experienced declines of up to 15% during today's trade. Additionally, defense PSU stocks like Mazagon Dock, Cochin Shipyard, and Bharat Dynamics saw losses of up to 10% in their share values.The entire PSU sector took a hit, reflected in all PSU sectoral indices trading in the red with cuts exceeding 10%.

Also Read: Lok Sabha Election Results 2024: Will Nifty 50 break its record today if Narendra Modi-led NDA retains power?On Sunday, OPEC+ announced an agreement to extend most of their supply cuts through the third quarter, with a plan to gradually phase them out over the next 12 months, earlier than some OPEC watchers had assumed.The accord prolongs roughly 2 million barrels per day of cuts, which have played a key role in supporting crude prices above $80 per barrel this year. By December, an additional 500,000 barrels per day is expected to re-enter the market, with a total of 1.8 million barrels per day anticipated to return by June 2025.Also Read: Stock market today: Investors lose ₹26 lakh crore as election race gets tighter than what exit polls predictedThis decision comes even as global oil demand appears dim and robust supply from non-OPEC members persists.

A new type of 401(k) lawsuit recently survived its first big challenge, paving the way for others like it – and potential settlements.

SJVN leading the losses with a decline of 10%, followed by HUDCO with a 7% drop.Other stocks, including Ircon International, GAIL (India), NHPC, Bharat Dynamics, General Insurance Corporation, National Aluminium Company, REC, Union Bank of India, Punjab National Bank, UCO Bank, Bank of Maharashtra, Bank of Baroda, Life Insurance Corporation, and Bharat Heavy Electricals, are all experiencing declines ranging from 5.5% to 7%.Furthermore, the Nifty PSU bank index witnessed a nearly 7% tumble, while the Nifty PSE and Nifty CPSE indices are trading with drops of 6.90% and 6.77%, respectively.Likewise, BSE Power also erased the majority of its Monday gains and is trading with a drop of 6.13%. Meanwhile, the BJP-led NDA on Tuesday surged ahead with leads in more than 200 parliamentary seats out of 350 for which trends were available, with the opposition INDIA bloc ahead in 120, according to television reports.On Tuesday, the BJP-led NDA surged ahead with leads in over 200 parliamentary seats out of the 350 for which trends were available, while the opposition INDIA bloc led in 120 seats, according to reports from television channels.The previous day, the BSE benchmark witnessed a remarkable surge, gaining 2,507.47 points, or 3.39%, and settling at a new closing peak of 76,468.78, marking its most substantial single-day increase in three years.

China's factory activity grew the fastest in about two years in May due to production gains and new orders, particularly at smaller firms, a private sector survey showed on Monday, lifting the outlook for the second quarter.

US PMI data, gold August futures at MCX opened flat at Rs 72,160 per 10 grams down by 0.06% or Rs 43, while silver July contracts stood at Rs 92,099/kg, up 0.07% or Rs 66. Domestic markets settled on a positive note. Gold August futures contract settled at Rs72,203 per 10 grams with a gain of 0.51% and silver July futures contract settled at Rs92,033 per kilogram with a gain of 0.51%.

Bitcoin (BTC/USD) is currently trading at $69,300, up 0.17% in the 2-hour timeframe, signalling a bullish Bitcoin price prediction, especially as it stays above the $69,100 level.

India has begun discussions with the UK on mapping of skill gaps and mutual recognition of skills between the two countries looking to tap international job opportunities for its young and growing workforce. To begin with, India is exploring the possibility of linking its National Career Service (NCS) portal with the UK government's job portal to get a sense of demand for skilled workers in the UK, while facilitating industry-specific exchange and migration of workers in labour-intensive sectors, such as textiles, under the India-UK Migration and Mobility Partnership Agreement (MMPA).

India's strong GDP growth of over 6% a year will help push the annual growth in travel spending in the country to roughly 9%, a new McKinsey report released on Monday said. With this growth, India's domestic travel market could overtake Japan and Mexico to become the world's fourth largest by 2030, as per the report titled 'The State of Tourism and Hospitality 2024'. Domestic air passenger traffic in India is projected to double by 2030, buoyed in part by a state-subsidised initiative that aims to connect underserved domestic airports and has shifted the development focus away from major metropolises such as Mumbai and Delhi towards fast-developing smaller cities such as Chandigarh and Hyderabad.

Iran's foreign ministry has summoned the Chinese ambassador in Tehran to protest about a China-UAE statement related to Iran's sovereignty over three Islands also claimed by the UAE. During Sunday's meeting with the Chinese ambassador in Tehran, Mohammad AliBek, an aide to the foreign minister and the director general of the Iranian Foreign Ministry's Persian Gulf Department, recalled the special ties between the two sides and noted that respect for the sovereignty and territorial integrity of the countries is one of the renowned and fundamental principles in international relations.