International Financial News

(Reuters) — Much of the United States remained gripped by an Arctic blast on Monday, cutting power to tens of thousands of customers in northern states and Texas and potentially dampening turnout in Iowa, where voters will cast the first ballots for a Republican candidate in November's presidential race.

Global public debt in 2023 reached historical highs that have put the world economy’s growth at risk. And International Monetary Fund (IMF) projections point to this burden growing much faster in the next five years than its pre-pandemic projections. This time, rising debt is a trend across the board.

Investing.com — Here is your Pro Recap of the biggest analyst picks you may have missed since Friday: upgrades at Qualcomm, Twilio, International Flavors & Fragrances, and CIENA.

Guatemala’s new president has huge challenges to address now that he's finally been sworn into office

Apple can use a redesign to bypass an import ban on newer Apple Watch models stemming from its patent infringement dispute with medical-monitoring technology company Masimo, according to a Monday court filing. The import ban, issued by the U.S. International Trade Commission (ITC), applies to Apple's current Series 9 and Ultra 2 watches and initially went into effect on Dec. 26. Apple convinced a U.S. appeals court to pause the ban the next day, and has since resumed selling the watches as it contests the import ruling.

By Mark John

₹668.18 crore in Q2FY24 to ₹293.82 crore during the period under review. The quarterly revenue of Jio Financial Services slumped 32% from ₹608.04 crore during the quarter ending September 2023 to ₹413.61 crore during Q3FY24. In the nine-month period ending December 2023, Jio Financial Services witnessed a significant jump in financial performance as compared to the fiscal year ending March 2023.

₹110 to ₹120 per share." Last year, the company announced that its subsidiary would sell its stake in Aster DM Healthcare FZC to Alpha GCC for $1.01 billion, which it will use to fund its growth. “One of the reasons for the segregation of the India and GCC business was for the company to exit the GCC region…Having exited the GCC market after a long and thought-through process involving multiple advisors, the company has no intention to re-enter the same GCC market to expand its business," the company added in a statement.

Germany’s economy shrank 0.3% last year as Europe’s former powerhouse struggled with more expensive energy, higher interest rates, a lack of skilled labor and a homegrown budget crisis

The anti-poverty organization Oxfam International says the world could have its first trillionaire within a decade

Bernardo Arévalo has been sworn in as Guatemala’s president despite months of efforts to derail his inauguration, including foot-dragging and rising tensions right up until the transfer of power

cargo shipped along the Northern Sea Route (NSR) in 2023 totaled 36.254 million tons which is more than 250 thousand tons above the target set in the “Development of the Northern Sea Route” federal project being implemented under Russia's nuclear major Rosatom. Rosatom Director General Alexey Likhachev said that the cargo shipping record was set even before the end of the year thanks to partner companies that had found an opportunity to redirect their cargo from west to east, including first of all PAO NOVATEK, LNG accounts for more than half of the cargo, as well as Gazprom Neft, LUKOIL, PJSC MMC Nornickel. «In 2023, we saw intensified transit traffic, 2 million 129 thousand tons of cargo were shipped, which makes it a historical peak. “Transit cargo shipping evidences the NSR popularity, therefore its intensification from the maritime logistics point of view is the most important result,” noted Vladimir Panov, Rosatom Special Representative for the Arctic development. It is also worth noting the growing interest of foreign shipping companies in the Northern Sea Route including from India. In addition, there were 3 round regular domestic voyages along the Northern Sea Route from the northwestern part of Russia to the regions of the Far East in 2023. The Northern Sea Route (NSR) is the shortest shipping route connecting the western part of Eurasia and the Indo-Pacific region. The goal of the “Development of the Northern Sea Route” project is to create infrastructure to facilitate the increase in cargo shipping as well as in the total capacity of seaports.

A war of words has erupted the day after Taiwan’s presidential election

Yemen’s Houthi rebels have fired an anti-ship cruise missile toward an American destroyer in the Red Sea

Jio Financial Services on Monday reported a 56% sequential fall in consolidated net profit for the quarter ended December 2023 to Rs 294 crore. Consolidated revenue from operations fell nearly 32% from the previous quarter to Rs 413.61 crore. Total expenses for the December quarter were Rs 98.95 crore compared with Rs 71.43 crore in the September quarter. The total tax outgo for the quarter was Rs 88 crore compared to Rs 86.3 crore in the preceding quarter. The consolidated earnings of Jio Financial include that of its subsidiaries, associates, and joint ventures.

Lai Ching-te is Taiwan’s president-elect who has vowed to safeguard the Asian island’s de-facto independence from China and further align it with other democracies

S Jaishakar on Monday met Iran's Minister of Roads and Urban Development and discussed on establishing a «long-term cooperation framework» for Chabahar port, a strategic maritime facility situated on the southereastern coast of Iran. EAM Jaishankar is in Iran as part of the ongoing high-level exchanges between the two sides, according to the Ministry of External Affairs. «Began my engagements in Tehran by meeting Minister of Roads and Urban Development @mehrdadbazrpash.

MILAN (Reuters) — The opinion of Italian businesses on the prospects for the economy improved in the fourth quarter of 2023 compared with the previous three months, the Bank of Italy said on Monday, as inflation expectations eased sharply.

Volvo Car India on Monday said it has increased prices of its conventional engine vehicles by 2 per cent but has kept the prices of its electric vehicles unchanged. Following the price hike of internal combustion engine (ICE) vehicles, the XC60 is now priced at Rs 68.9 lakh, the S90 at Rs 68.25 lakh and the XC90 at Rs 1,00,89,000, Volvo Car India said in a statement.

Volkswagen Group's car sales in India grew around 8 per cent year-on-year to 145,713 units in 2023, the company said on Monday. Of this, domestic sales stood at 101,465 units, while 44,248 units were exported, it said in a statement. The company had sold 134,667 cars in the January-December period of 2022, and increased 8 per cent to 145,713 units in 2023.

QatarEnergy, one of the world's largest exporters of liquefied natural gas, has stopped sending tankers via the Red Sea although production continues, a source with knowledge of the matter told Reuters on Monday. At least four tankers used to carry Qatari LNG were held up over the weekend after U.S. and British forces carried out air and sea strikes on Yemen in response to Houthi attacks on ships in the Red Sea, part of a route that accounts for about 15% of the world's shipping traffic.