Interviews Financial News

Royal Bank of Canada’s Chief Executive Dave McKay is eyeing expansion in the US market through the bank’s capital markets franchise. 

In a landscape where technology reshapes traditional finance, we are witnessing a pivotal change led by web3 and decentralized finance (DeFi) systems. These innovations are setting the stage for revolutionary investment models, while new products like spot Bitcoin exchange-traded funds (ETFs) could redefine the industry.

Jujutsu Kaisen Chapter 248 release date is nearing and fans are eagerly waiting for it. Ahead of the release of Jujutsu Kaisen's latest chapter, spoilers are out. Spoilers for Jujutsu Kaisen Chapter 248 uncover Yuji mastering the most intricate technique in the entire series.

By Jarrett Renshaw

Kristalina Georgieva on Thursday said interest rates should keep falling in 2024 but cautioned that there is no room for any policy error as the last mile is «very, very tricky». In an interview with the World Economic Forum here during its Annual Meeting 2024, she said that the central banks should not tighten prematurely because then they may lose the victory that is now in their hands. Expecting the positive trend to continue in 2024, she said, «The inflation rate is going down, on average.» The International Monetary Fund's Managing Director, however, flagged the regional discrepancies still persisting around.

Michelle Obama is most likely to join the Presidential Election 2024 and take on former US President Donald Trump. This speculation has been doing the rounds. But now, it is becoming stronger. In an article written in the New York Post, columnist Cindy Adams said that Obama may be looking to step into the 2024 presidential race and this time it should be Michelle and not Barack. Rejecting incumbent Joe Biden, she writes, «Biden won’t debate. Can’t. Our codger-in-chief can’t even read the prewritten script in front of him fast enough to pronounce the words. So, forget him, which most of us already have.»

Anand Mahindra, showered praise on the recently released film '12th Fail,' directed by Vidhu Vinod Chopra and starring Vikrant Massey in the lead role. Mahindra not only commended the film's plot but also highlighted the exceptional acting and narrative style that, in his words, make it a must-watch for the year. The chairman, known for his astute observations, began by urging his followers to choose '12th Fail' as the one film to watch this year.

The amount of time you spend online or on your phone can be linked to lower levels of mental health or dissatisfaction in friendships and relationships.

“70-75% of the portfolio in our view should be in largecaps. Remaining should be largely in small caps and only very high conviction should be held in mid-caps,” says Varun Saboo, Head — Equities, Anand Rathi Shares and Stock Brokers. In an interview with ETMarkets, Saboo said: “There could be some element of populist measures as well which could aid consumer stocks in the near term,” Edited excerpts: The market seems to have climbed all wall of worries to hit fresh highs in the first week of January 2024. But, the voice is getting louder both domestic and global that these valuations are unsustainable. What is your take? Varun Saboo: We are definitely in one of the strongest runs, something which hardly anyone would have envisaged. However, in terms of valuations, there are a lot of midcaps that are trading rich and leave little room for upsides.

Your job may disappear altogether as AI will impact 40% jobs, finds IMF analysis 70% of GenZ and 82% of Millenials agreed that AI tools can help them in their career growth. More than 70% of young employees admitted that AI tools will enhance their job-hunting process, pick the right jobs, and boost their confidence by simulating interviews and providing interview tips. Indian employment data generates both misconceptions and puzzles The report, which collated the responses from 1,097 professionals in full-time or part-time employment, added that nearly 9 in 10 (88%) of professionals in India are considering a new job in 2024, up by 4% YoY compared to 2023.

Monetary policy in India must remain actively disinflationary despite the recent sharp fall in core inflation, Reserve Bank of India Governor Shaktikanta Das said at the World Economic Forum in Davos. «When inflation is still above 5.5%, rather close to 6%, our monetary policy has to remain actively disinflationary and it would be too premature to talk in terms of a pivot in our monetary policy,» Das said in an interview with Reuters. He however acknowledged the recent fall in core inflation, which strips out volatile food and fuel prices, and said it gives them the satisfaction that monetary policy is working but the target for the monetary policy committee remains the headline number. The apex bank chief said the global geo-political situation remains volatile and could impact economies around the world with food inflation particularly vulnerable to spikes on the back of disruption in global supply chains and other risks. Das said he expects January inflation to moderate and the trend has been moderating but unless inflation reaches 4% on a durable basis, the bank cannot get lulled into a complacency or think of changing its policy focus. Annual retail inflation rose 5.69% in December, the fastest pace in four months but core inflation dropped to a four-year low of 3.8% from around 4.1% in November. Das, whose term is ends in December, would be the longest serving RBI governor since the 1991 liberalisation. He has led the world's fifth largest economy since 2018, keeping inflation and the currency relatively stable through successive shocks including the failure of a large non-bank lender, Covid-19 and the Ukraine war. He reiterated that the RBI intervenes in the exchange rate market only to prevent undue

The Interior Department is updating and expanding an Obama-era plan to promote solar power on public lands in the West

(Reuters) — CNN's new CEO Mark Thompson plans to combine all newsgathering operations of the news network into one unit that would serve its television, streaming and digital platforms, the Wall Street Journal reported on Wednesday.

By Noele Illien and Sinead Cruise

UBS Securities bullish on GAIL's profitability and potential stock re-rating; raises target price by over 26% UBS has been making quick progress on integrating Credit Suisse since it agreed to buy the smaller rival in an emergency takeover ten months ago in what was the biggest banking sector tie-up since the financial crisis. Still, the acquisition comes with a raft of potential difficulties from closing out positions to managing the legal liabilities inherited from Credit Suisse, the Bloomberg report added.

Davos: Supply cuts by OPEC , costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world's third biggest oil importer, to diversify its crude sources and accelerate its energy transition, its Oil Minister Hardeep Singh Puri said. "Whenever there is vulnerability and uncertainty in the market, the transition gets accelerated.

Hardeep Singh Puri said. «Whenever there is vulnerability and uncertainty in the market, the transition gets accelerated. No-one is looking at that», Puri told Reuters in an interview at this week's World Economic Forum in the Swiss ski resort of Davos, referring to attacks by the Houthis on ships in the Red Sea. Puri said that while OPEC+ nations have a right to decide on their energy production, supply cuts against such uncertainty, and the resulting adverse impact on global prices, will dent long term demand. It is «imperative» for India to accelerate its transition to green energy in this scenario, he added. Iraq followed Saudi Arabia in charging a premium for oil supplies to Asian markets which made their crude «more expensive than crude sourced elsewhere», the minister said, noting India is now buying from 37 countries up from 29 earlier.

bank. Strong expansion of retail loans, at an annual rate of about 30%, was a “sign of heating up,” State Bank of India’s Dinesh Khara said in a Bloomberg Television interview at Davos on Tuesday.

oil markets will cope with Red Sea disruptions in the short run, although prolonged attacks by the Houthis on ships would lead to a shortage of tankers due to longer voyages and a supply delay, the CEO of Saudi oil giant Aramco said. Amin Nasser told Reuters he expected the oil market to tighten after consumers depleted stocks by 400 million barrels in the last two years, which left OPEC's spare capacity as the main source of additional supply to meet rising demand. Attacks by the Houthis on ships in the Red Sea have forced many companies to divert cargoes around Africa. The Iran-aligned Houthis say they are acting in solidarity with Palestinians during Israel's ongoing war with Gaza. «If it's in the short term, tankers might be available… But if it's longer term, it might be a problem,» Nasser said in an interview on the sidelines of this week's World Economic Forum in the Swiss ski resort of Davos. «There will be a need for more tankers and are they going to have to take a longer journey». Container vessels have been pausing or diverting from the Red Sea that leads to the Suez Canal, the fastest route from Asia to Europe, where about 12% of world shipping passes.

The Canadian government is publicly naming 85 Chinese research institutions that “may pose” a threat to national security and sensitive research.

Howard Lutnick’ – CEO of investment banking giant Cantor Fitzgerald – has a message for Tether Truthers: the stablecoin giant’s assets are 100% backed.