International Financial News

everywhere and nowhere. It is everywhere because political leaders, including Joe Biden, Narendra Modi, Emmanuel Macron and Xi Jinping, have recently adopted the term. And yet it is nowhere.

IPL 2024 season, Punjab Kings had officially announced Jitesh Sharma as their vice-captain and the wicketkeeper-batsman also represented PBKS in the captain's shoot. However, the PBKS coach has now said that Jitesh was sent to the captain's shoot as a player and not as the vice-captain of Punjab Kings, while Sam Curran was always their first choice to replace Dhawan.

Seriously concerned at escalation of hostilities between Israel and Iran: MEA US President Joe Biden promised "ironclad" support for Israel after holding an urgent meeting with top security officials. "I just met with my national security team for an update on Iran's attacks against Israel.

cocoa prices soaring 140 per cent since the start of the year have caused speculations that chocolate might vanish due to climate change or other crises. But we have been here before. Back in November 2014, I wrote in ET about chocolate companies predicting potential shortfalls of a million tonnes of cocoa by 2020. And four years before, in 2010, Anthony Ward, a UK-based commodity trader briefly cornered the market by acquiring 240,000 tonnes of cocoa, driving up prices to a 33-year high. It got him dubbed ‘Chocfinger’, after the James Bond villain Goldfinger who tried to corner gold. Chocolate’s real problem is that it is particularly vulnerable to market manipulation. Cacao beans only grow in a narrow band along the equator. The main producers, like Ivory Coast and Ghana, have had to deal with climate change and diseases, but the biggest issue is that the production is done by thousands of small farmers who lack leverage over the market. Price rises barely benefit them. This is why the production of cocoa has struggled to take off in India. In 1957, The Times of India reported that cacao imports cost the country ₹seven lakh per annum: “Consequently a few enterprising planters are experimenting on introducing the plant to India.”

Israel, in a significant development, has demanded 'terrorist' tag for Iran's revolutionary guards corps after drone strikes by the latter on its territory, reports said on April 14. According to the reports, Israel placed a request with the United Nations Security Council to hold a meeting to unequivocally condemn Iran. Designate its Islamic Revolutionary Guard Corps (IRGC) as a terrorist organisation.

Mint. The UK offers a range of financial aid and scholarships to support Indian and international students pursuing their studies in the country. Through these scholarships the UK provides students with opportunities that spark brighter futures and global careers.

Lionel Messi's Inter Miami is all set to take on Sporting Kansas City in a Major League Soccer (MLS) match at Arrowhead Stadium. The match pitting Sporting KC against Inter Miami is set to take place on Saturday, April 13, 2024. The MLS match is scheduled to kick-off time at 8:30 pm (ET), and 5:30 pm (PT). American soccer fans can catch the action-packed game through various platforms such as MLS Season Pass, AppleTV, and SiriusXM FC. Whether you're tuning in from the comfort of your living room or on the go, these streaming services offer convenient options to ensure you don't miss a moment of the Sporting KC vs Inter Miami match.

International Monetary Fund's executive board on Friday selected Bulgarian economist Kristalina Georgieva to serve as managing director for a second five-year term, starting on Oct. 1 this year, the global lender said. «The Board commended Ms. Georgieva's strong and agile leadership during her term, navigating a series of major global shocks,» it said in a statement. Georgieva had been the only candidate for the job.

DevX is looking to double its portfolio to over 2 million sq ft over the next two years with focus on tier-2 and -3 cities, as adaption of distributed workforce option by larger enterprises leads to a rise in demand, said a top company executive. The company currently has operational centres in key cities like Mumbai, Pune, Hyderabad, Noida, Raipur, Jaipur and Ahmedabad. Last week, it set up a new co-working centre spread over 25,000 sq ft with 300 seats in Udaipur. DevX is also working on plans for its foray into the international market, starting with Dubai and Singapore.

Joe Biden cut short a weekend trip to Delaware on Saturday for urgent consultations in Washington on the Middle East, the White House said, as tensions soar amid growing fears of an attack on Israel. Iran has vowed retaliation after a presumed Israeli strike on April 1 leveled an Iranian diplomatic building in Damascus, killing seven members of the elite Revolutionary Guards including two generals.

fostering robust tourism ties between the Maldives and India, paving the way for transformative collaborations that will drive sustainable growth in the region's tourism sector," the MATATO said in a post on X on April 9. MATATO's statement and meeting with the Indian envoy came at a time when tourism from India to Maldives has continued to decline significantly since January this year. MATATO said on April 9 that plans are underway to launch a comprehensive roadshow across key cities in India.

Dividend Stocks: Shares of companies such as Schaeffler India, Gujarat Toolroom, among others will trade ex-dividend in the coming week, starting from Monday, April 15. Along with these, some other firms will also trade ex-split, and ex-bonus, according to data on the BSE. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

World Designing Forum, one of the world's largest global fashion community, has announced the setting up of India's first Handloom Cluster and Apparel Designing Park in Agra. This initiative is poised to redefine the landscape of fashion by showcasing designer garments made from handlooms across India, particularly targeting the influx of foreign tourists visiting Agra each year, the Forum said in a statement. The park, located at the famous «I Love Agra Selfie Point,» is a collaborative effort between RVA and the World Designing Forum. The park is set up with natural threads and handlooms. Recently, the Agra Development Authority announced organisation of weekly programs at this point, leading to the construction of a temporary apparel park, with RVA winning the contract. Meanwhile, the World Designing Forum said that a World Couture League has been formed to promote handloom on an international scale. It will organize annual competitions in handloom designing among 20 Indian states. The league includes notable figures in the country such as industrialist Puran Dawar, Dr. Ranjana Bansal, and Shekhar Dikshit. Member of the National Core Committee, Shekhar Dikshit, disclosed plans for similar handloom parks in Jaipur, Goa, and Kanyakumari, following the success of the initiative in Agra.

Top News of the Day: On 13 April, a series of events are set to take place right from politics to business. The CBI registered a case against Megha Engineering regarding alleged corruption in the execution of a ₹315 crores project for NISP.

Delhi weather today, brought relief from excessive heat after the national capital witnessed heavy rainfall on Saturday evening. The Indian Meteorological Department (IMD) has predicted moderate to heavy rainfall with thunderstorms in many places of Delhi NCR, Noida, Greater Noida, Gurugram, etc in the next two hours.

Octa, a globally recognised investing platform since 2011, cannot help but draw parallels between some distinctive aspects of this wonderful game and Forex trading. At Octa, it is believed that cricket and Forex trading have many things in common despite the former being a team game and the latter—a strictly individual endeavour. The prerequisites for success are very similar for both occupations, and the overwhelming popularity they both reached in the last couple of decades constitutes another common trait.

Security Council level, and to protect the innocent from harm in future conflicts, South African foreign minister Naledi Pandor has said. Speaking as the chief guest at an Eid gathering organised at Brixton here on Thursday, Pandor, the minister of International Relations and Cooperation, criticised the Israeli incursions into Gaza as «arrogant breaches of international law by Israel and the allies of Israel. She said that a new „low point“ has been reached with respect for human rights.

As we reported yesterday, there are suspicions that now thatVis Raghavan and Achintya Manglahave left JPMorgan's investment banking business broadly and equity capital markets (ECM) business specifically, there will be a heap of other exits from the team. In anticipation of this, London headhunters have assembled some long lists of all the people they think most likely to leave in the very, very near future. 

Citi presumably wanted to keep Matt Fink. 

India and Russia on Saturday celebrated the 77th anniversary of diplomatic relations. The nearly eight decades of partnership has been marked by achievements contributing to special and privileged strategic partnership. Throughout decades, this partnership encompassed several areas from defence to space to trade and investments, hydrocarbon energy and nuclear power, security and space, science and fin-tech, digitalization, infrastructure and smart-cities, education and culture. Russia remains a largest contributor to India’s energy security and its defence capabilities. Currently there are efforts to a greater connectivity in the Eurasian space and are working towards an early conclusion of the FTA between the Eurasian Economic Union and India, efficient promotion of the North-South Transport Corridor and relaunching of the Vladivostok – Chennai Eastern Maritime Corridor, strengthening of the independent financial and payment mechanisms, synchronization of customs regimes, multiplication of joint ventures, expansion of tourism and humanitarian linkages.

New Zealand has planned to mark the centenary of the 1926 tour of an Indian Army hockey team, which included a young Dhyan Chand, to that country as part of its vision to celebrate the «breadth of our sporting relationship», its envoy had said. Outgoing New Zealand's High Commissioner to India David Pine said 2026 will be a «special year of our relationship». He was speaking during an interaction hosted by think-tank Ananta Aspen Centre here on Friday. Asked about his nation's plan to mark the centenary of the historic tour, the envoy said, «Yes, we want to use it as a trigger to celebrate the breadth of our sporting relationship.»