International Financial News

On the face of it, the list of promotions to managing director (MD) which Bank of America has just announced looks like it might have raised a few eyebrows.  The overall MD class of ’24 has 387 members, up 16% on last year.  Within that, Jim DeMare’s global markets operation accounts for 65 new promotions, same as 2023.  But what’s happened to the bankers?

Cochin Shipyard Limited's wholly-owned subsidiary Udupi-Cochin Shipyard on Wednesday announced the launch of the Series of Six 3800 TDW general cargo vessels being built for Norway's Wilson ASA. The vessel was launched by Martine Aamdal Bottheim, Minister Counsellor and Deputy Head of Mission at the Royal Norwegian Embassy, along with Wilson ASA Chief Financial Officer Einar Tornes and Cochin Shipyard's Chairman and MD Madhu S Nair, Cochin Shipyard Ltd said. Constructed as environment-friendly diesel-electric vessels for the transport of general cargo in the coastal waters of Europe, these vessels have a length of 89.43 metres, 13.2 metres breadth with a draft of 4.2 metres and have been designed by Conoship International of the Netherlands, it added.

Ravichandran Ashwin sparred with his insecurities as a child for far too long and perhaps didn't want to be dragged into a rigmarole of insecurities once again. It is for this reason that an abrupt retirement from international cricket would not seem out of the blue for anyone who has followed the man's journey. It could have happened in Sydney after the fifth Test against Australia but he didn't want to hang around. No one had to tell him that it was time to walk away from the game that consumed nearly three decades of his 38-year-old existence. Ashwin, the straight-shooter, did a cameo presser to let the world know in John Denver style «My bags are packed and I am ready go». He wore many hats as an active international cricketer and it would take just a five-minute conversation with him would be enough to know that he can see through word salad quite easily.

Shares of TVS Motor Company Ltd.(up 1.07 per cent), Balkrishna Industries Ltd.(up 0.81 per cent), Bajaj Auto Ltd.(up 0.7 per cent), Mahindra & Mahindra Ltd.(up 0.32 per cent) and Eicher Motors Ltd.(up 0.16 per cent) ended the day as top gainers in the pack.

IPO is likely to be finalised later on Wednesday or Thursday morning. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

Mohammed Bin Salman, MBS for his devout, it may be the biggest victory yet in his push to use sport as a way to lure tourists, build influence and improve the country's image. “This is huge for MBS and the Saudi state. Arguably the pinnacle of their sports strategy so far,” said Stanis Elsborg, head of Play the Game, a Denmark-based research body into ethical standards in sport told Bloomberg. “But for MBS, it’s not just about hosting a tournament.” ALSO READ: Elon Musk's net worth reaches record high. Here's how he built his venture

MathCo is looking to hire 400-odd people by the end of this fiscal, taking its workforce to 2,500 globally. It has already hired 400 people so far this fiscal. The startup is recruiting AI/ML engineers, data engineers, data scientists and consumption specialists. As its technical workforce grows, the company will also expand its enablement functions to support this growth. While a major focus will be on fresh talent right out of campus, the firm will also continue to hire laterally across profiles. With GenAI being a relatively new and rapidly evolving field, the company is prioritising both internal upskilling and onboarding new talent with relevant backgrounds to strengthen its capabilities in this area.

G20’s role in fostering an equitable, sustainable, and inclusive world, remarked Ambassador Anil Sooklal, South Africa's High Commissioner to India. Sooklal was the key note speaker at an event in the Indian capital. “As we reflect on Africa’s role in global governance, we are reminded of the African philosophy of Ubuntu–a principle that celebrates our shared humanity and interconnectedness: ‘I am because we are’”, said Pradeep S Mehta, Secretary General of CUTS International in his opening remarks at an event on the ‘The Future of G20 and Africa’ held in New Delhi early this week.

Svetlana Dali certainly is tenacious.The alleged Delta Air Lines stowaway is, once again, making headlines — this time for trying to sneak her way into Canada, reportedly cutting off her ankle monitor before boarding a Greyhound bus to the Great White North.Dali, a 57-year-old Russian national, was taken into custody in Paris late last month after she snuck onto a Delta Air Lines flight at New York’s JFK International Airport without a boarding pass on Nov. 26 and flew all the way to Charles de Gaulle Airport in Paris, apparently concealing herself by spending long periods of time in the plane’s multiple bathrooms.She was detained when authorities discovered she didn’t have a valid visa to enter the country, French National Police said at the time.After two unsuccessful attempts to deport her back to the U.S.

Canada under Prime Minister Justin Trudeau took significant steps to limit immigration in 2024. Faced with domestic challenges including an acute housing crisis and growing public dissatisfaction over strained infrastructure, the Canadian government moved to curtail immigration and foreign student intake. These measures represented a stark departure from Canada’s historically open-door policies, sparking widespread debate both within and outside the country.

Subscribe to enjoy similar stories. TEL AVIV—Israel’s defense minister signaled the country is planning to keep tighter and longer-term security control over territory just across its border in Syria and in Gaza, taking advantage of its weakened neighbors to better insulate itself from possible threats. Israel seized control of the 155-square-mile buffer zone separating it from Syria after the Assad regime that had ruled the country for more than half a century collapsed just over a week ago.

Indonesia's mining industry is rapidly expanding on demand for the minerals needed to help power the global energy transition, like nickel, cobalt and bauxite

Online platform Ixigo reported an 80-100% year-on-year (YoY) increase in bookings to destinations such as Thailand, Vietnam, Bali, and London. Agoda supported this trend, noting a 53% surge in international accommodation searches. Cleartrip observed a 1.2x jump in international leisure travel, with Southeast Asia and the Middle East emerging as key regions. Emerging destinations are a highlight this year. MakeMyTrip recorded 248% growth in searches for Azerbaijan and 100% growth for Malaysia. Similarly, Cleartrip observed spikes in bookings for Manila (2.5x) and Tbilisi (1.7x), alongside strong growth for Bali (2.6x) and Phuket (2.3x).

A Russian woman who was arrested after she stowed away on a flight from New York City to Paris last month has been arrested again in Buffalo

Bengaluru is set to experience its coldest December night in over a decade this week, with temperatures predicted to drop to 10°C, breaking an over a decade-old record. The India Meteorological Department (IMD) forecasts that this temperature could be the lowest since 2010, surpassing the city's previous coldest December night in 2011.

USCIS) has introduced sweeping reforms to the H-1B visa program, refining eligibility standards and offering new flexibility to both employers and skilled foreign workers. The regulations, finalized on Tuesday, reintroduce a “prior deference” policy for visa extensions and address long-standing concerns regarding the program's integrity and accessibility.

Databricks said on Tuesday it had secured a valuation of $62 billion after a $10 billion funding round led by Thrive Capital, highlighting the robust demand for artificial intelligence-focused startups. The data and analytics company will invest the funds in new AI products and acquisitions while expanding its international footprint. The massive fundraise highlights Silicon Valley's unprecedented appetite for companies capitalizing on the AI boom.

The tournament will be the first international event hosted by the BFI after opting to join the new governing body earlier this year. The last time BFI hosted an international event was the International Boxing Association (IBA) Women's World Boxing Championship in 2023.

Dish TV India has collaborated with UK-based C21 Media to launch a trade event, Content India, aimed at positioning India as a global content powerhouse. Scheduled for April 1-3, 2025, the three-day summit will lay the groundwork for the comprehensive Content India 2026 event. Modeled on the globally successful formats of C21 Media’s Content London and Content Americas, the event will integrate a marketplace, conferences, and networking opportunities to connect creators, producers, distributors, platforms, and channels. Dish TV India, a leading content aggregator and distributor, aims to establish Content India as a pivotal platform to showcase Indian content globally while attracting international players to explore opportunities within India.

Thorn has worked at the firm for over 40-years and his announcement has catalysed a series of internal promotions. Nick Wood has been named as Thorn's successor, taking over as the next head of regional offices and stepping up from his role as head of investment research, which will now be assumed by Matt Ennion. Quilter Cheviot CEO Andy McGlone joins PIMFA board Wood, who joined Quilter in 2012, will begin his role as head of regional offices on 1 January 2025, subject to regulatory approval. He will be working with the outgoing Thorn to ensure a «smooth transition» in the inte...

The U.S. Census Bureau is changing how it counts international migration in its annual population estimates