International Financial News

Also Read: US Fed rate cut unlikely in June as US inflation hots up. What this means for Indian investors and what should they do? Coming to current levels, NSE International Exchange (NSEIX) data suggests that Gift Nifty is trading around 22,582 (up 0.12 per cent) as against the Nifty 50 futures closing of 22,804 on April 10. Gift Nifty is more than 200 points lower which indicates a gap-down opening for Nifty 50 on Friday, April 12.

INSEAD, one of the world's leading graduate business schools, has no immediate plans to open a campus in India though it remains committed to developing and strengthening industry-academia research in future with top Indian multinationals and unicorn startups. Francisco Veloso, who took over as dean of the institute in September last year, says Indian students form the most represented nationality at the global business school with representation of about 12-15%, higher than Chinese students at 9-10%. In an exclusive interview with ET’s Rica Bhattacharyya, Veloso talks about the inroads AI is making into classrooms and the rising interest among Indian business leaders to learn this transformational technology. Edited excerpts: INSEAD has set up its physical presence over the years in multiple countries. Do you have any plans to set up a campus in India? India is a very important and fast-growing country for the world, and has an increasing significance internationally. We at INSEAD have many ties with India. About 10% of our faculty are originally from India and it is one of the most represented nationalities in our faculty. We have many alumni in India and have important partnerships with them in the country.

global merchandise trade is likely to decline by 1.2 per cent, in value terms, due to the ongoing geopolitical uncertainties, economic think tank Global Trade Research Initiative (GTRI) said on Thursday. The US dollar value of world merchandise trade fell 5 per cent in 2023 to USD 24.01 trillion, but this decline was mostly offset by a strong increase in commercial services trade, which rose 9 per cent to USD 7.54 trillion, it said. This allowed world goods and commercial services exports on a balance of payments basis to slip 2 per cent in 2023 to USD 30.8 trillion. «Despite the World Trade Organization (WTO) expecting a 2.6 per cent rise in trade volume for 2024, the value of world merchandise trade is still seen to decline by 1.2 per cent in 2024 from 2023, continuing the trend of trade values falling behind the trade volumes,» the think tank said.

After Chabahar, India is reportedly on course to gain the rights to operate a second overseas port, Sittwe, located in the Rakhine state of Myanmar. There is though no official corroboration yet. Ports in the Indian Ocean have become hot property as China on one side and the India-US combine on the other race to invest in them.

The United Nations climate chief says humanity has only two years left “to save the world” by making dramatic changes in the way it spews heat-trapping emissions

Biden’s Envoy to the UN Set to Visit Border With North Korea DPRK is short for the Democratic People's Republic of Korea, the North's official name. "Outlining the complicated international situation ...

Invesco, which oversees investments of about Rs 86,000 crore in India, has signed an option deal to sell its remaining 40% stake in the local mutual fund business to Hinduja Group-owned IndusInd International Holdings (IIHL) as part of a broader plan to exit an increasingly competitive geography for foreign players, two people familiar with the deal said. On Tuesday, it announced the sale of a 60% stake in Invesco Asset Management India to IIHL. Invesco AMC Valuation at Rs 2,500 cr

Manipur after the announcement of parliamentary elections. As part of the preparation for the polls, 162 companies of central paramilitary forces have already been deployed in the state. The state is to get 200 companies of central paramilitary forces for the general elections, voting for which will start later this month. Meanwhile, the Election Commission of India has set up special polling stations to ensure that internally displaced persons (IDPs) are able to exercise their franchise.

UBS Group faces a “substantial” increase in regulatory capital requirements under reforms that the Swiss government is advocating for in the wake of the collapse of Credit Suisse.

Gold price today: Gold rates move higher on MCX; what should be your strategy for MCX Gold today? Even though bullion is often touted as a hedge against inflation, its attractiveness tends to diminish in periods of elevated interest rates. On Tuesday, bullion prices reached an all-time high of $2,365.09. "Since mid-March, both gold and silver prices have been steadily climbing, reaching all-time highs in both international and domestic markets.

Odisha were a country, its economy would be larger than Tanzania's, Sri Lanka's or Ghana's. The state has nearly bridged the gap with the national per-capita income. In 2003, its per-capita income was 60% of the national average, and today, it's close to 90%. This convergence was possible as Odisha's economy grew faster (7.4%) than the national average (6.2%). Its population growth rate has slowed to 0.6% a year, compared to 0.9% for the nation. Growth momentum has been evident across sectors, including agriculture, manufacturing and services. Additionally, at nearly 10% of its economy and growing at 8% annually, mining has contributed to the state's economic well-being and robust public finances. Thanks to mining royalties, the state has a unique fiscal advantage. It collected non-tax revenue to 3.5% of its GDP a year, compared to 1% for an average Indian state during the last decade.

A 'Mornings with Maria' panel weighs in on the March Core CPI, the Fed's expected rate cuts and their overall market outlook.

FBI franchise, ensuring its presence on the network for the foreseeable future. The flagship series, FBI, has been granted a rare three-season renewal, guaranteeing its run until at least its ninth season in 2026-27. Additionally, spinoffs FBI: Most Wanted and FBI: International have each received single-season pickups for the upcoming 2024-25 season.

India and China are important for the entire region and the world, Prime Minister Narendra Modi has expressed hope that through positive and constructive bilateral engagement at the diplomatic and military levels, the two countries will be able to restore and sustain peace and tranquillity at their borders. In an interview with Newsweek magazine of the US, Modi said for India, the relationship with China is important and significant. «It is my belief that we need to urgently address the prolonged situation on our borders so that the abnormality in our bilateral interactions can be put behind us. Stable and peaceful relations between India and China are important for not just our two countries but the entire region and world,» he said. «I hope and believe that through positive and constructive bilateral engagement at the diplomatic and military levels, we will be able to restore and sustain peace and tranquillity in our borders,» Modi said.

India and China are important for the entire region and the world, Prime Minister Narendra Modi has expressed hope that through positive and constructive bilateral engagement at the diplomatic and military levels, the two countries will be able to restore and sustain peace and tranquillity at their borders. The prime minister made these remarks in an interview with Newsweek magazine, which described India's rise as «unstoppable». The New York-based magazine said India's «rapid upward economic trajectory and increasing diplomatic, scientific and military weight make it an emerging superpower of ever-growing importance to the United States and the world». During the wide-ranging interview carried by the magazine under the headline «Narendra Modi and the Unstoppable Rise of India», the prime minister talked about a host of issues including the upcoming Lok Sabha polls, ties with Pakistan, Quad, Ram temple and democracy, among others.

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U.N.'s climate chief said on Wednesday, in a speech that warned global warming is slipping down politicians' agendas. Scientists say halving climate-damaging greenhouse gas emissions by 2030 is crucial to stop a rise in temperatures of more than 1.5 Celsius that would unleash more extreme weather and heat.

MB Patil has offered land to eyewear retail chain Lenskart in Bengaluru, responding to a post by its founder Peyush Bansal on social media platform X. Patil told Bansal that Karnataka was the place to be for the eyewear chain to set up its manufacturing unit. The minister’s response came after Bansal sought to know through his post if a plot of 25 acres was available near the Kempe Gowda international airport in Bengaluru for his company to build its next mega factory. He sought mail from potential sellers. «The Industries Department is here to support you, and facilitate all your needs,» the minister replied within minutes.

UBS and three other systemically relevant banks must face tougher capital requirements to shield the country's wider economy, a year after the rescue of Credit Suisse. In 209 pages of recommendations on how to police banks deemed «too big to fail» (TBTF), the Swiss government pitched 22 measures for direct implementation. It stopped short of saying how far stricter capital requirements should go.

PIA flight carrying Pakistan Prime Minister Shehbaz Sharif, Punjab Chief Minister Maryam Nawaz and a high-level delegation back from their visit to Saudi Arabia was diverted to Lahore airport, causing inconvenience to hundreds of other passengers, according to a media report on Wednesday. Interestingly, the incident came close on the heels of Prime Minister Sharif recently declaring a ban on the red carpet at events in his favour, which earned accolades for signalling a shift towards eradicating the VIP culture and encouraging a culture of humility within the realm of public service. Quoting a PIA spokesperson, the Dawn newspaper reported that the Pakistan International Airlines flight from Jeddah to Islamabad, carrying Sharif and his daughter Maryam back from their visit to Saudi Arabia, was diverted to Lahore airport on Monday.

The SICAV version will be identical to the existing Artemis UK Select fund, which seeks long-term capital growth by investing in a «focused» portfolio of 40 to 60 stocks irrespective of the benchmark's composition.  The move has already been approved by the Luxembourg regulator Commission de Surveillance du Secteur Financier (CSSF). Artemis 'refreshes' Positive Future fund after quadruple manager exit A member of the  IA UK All Companies sector, the original fund it has made a total return of 895.5% since its 1998 launch, outperforming the FTSE All Share benchmark (266.1%) and sect...