NOT Financial News

By Rajesh Kumar Singh

Bank of America CEO and Chairman Brian Moynihan discusses the Fed's rate hikes, 2024 consumer strength and big bank regulation.

Sarah Pritchard (pictured), is the FCA's executive director of supervision, policy and competition for markets.

Deutsche Bank CEO Christian Sewing on Thursday said that merger and acquisition activity is not a priority for his group, as speculation resurfaces over the future of domestic rival Commerzbank.

Building Credit Score: Responsible borrowing is an excellent way to build a positive credit history. A good credit score is invaluable for future endeavors, such as buying a home or securing favorable interest rates on loans. Starting early and managing debt responsibly can set a solid foundation for your financial future.

The ever-increasing threat of fraud – and the sophistication of methods – requires a robust response from financial institutions.

The new artificial intelligence era represents a huge moment for the tech industry that has not been seen in a decade, according to a top executive at Facebook parent company Meta Platforms.

Bank of India (RBI) Governor Shaktikanta Das said Tuesday, just days after the US capitalmarkets regulator approved bitcoin exchange traded funds. “They (the US Securities and Exchange Commission) are the best judge of what is good for their country, so they have done it. I would not like to comment on what another regulator in another country has done,” Das said at the World Economic Forum at Davos. “So far as India is concerned, we see a lot of risks and it is not necessary for us that what somebody else does, we simply adopt.” Last week, the US SEC approved ETFs based on bitcoin, a move that sent cryptocurrency prices soaring worldwide. Das has steadfastly maintained over the years that cryptocurrencies pose a palpable threat to currency and monetary stability and could be the source of the next major global financial crisis.

Vitalik Buterin, the co-founder of Ethereum (ETH), has ignited a debate about the classification of various layer 2 scaling solutions.

Naomi Osaka said Wednesday that crashing out of the Australian Open was «bittersweet» but vowed not to mope as she headed home in time to see new baby Shai crawl for the first time. The Japanese star, who has won four Grand Slams, including two in Melbourne, stepped away from tennis in September 2022, citing mental health concerns. After giving birth to a girl in July, she returned for the 2024 season only to hit a roadblock at the first hurdle in the opening Grand Slam of the year on Monday. «I remember last year I wished I had an opportunity to play again on Rod Laver Arena and this year that happened, so one of my dreams already came true,» she said on social media. «Currently, however, my entire being is so disappointed with my result, the standards I set myself are so incredibly high. »I try to remind myself that I was pregnant six months ago and I can't expect amazing results from the jump — that doesn't really do much to quell my thoughts though." The rusty 26-year-old former world number one was knocked out by French 16th seed Caroline Gracia, losing steam after going toe-to-toe at the start of the match. Despite her disappointment, Osaka said she was better able to deal with defeat now than earlier in her career. «Understanding the importance of time is a skill I improved on after having Shai — things that used to bother me don't bother me anymore, I don't have time for it,» she said. «In that same aspect I don't feel I have time to mope after losses anymore. The world moves on and I have to continue to walk forward.» Unlike some of the other mothers returning to the tennis circuit tour, such as Caroline Wozniacki and Angelique Kerber, Osaka opted not to travel with baby Shai.

If you've been keeping abreast of recent events at Citigroup, you will know that the bank is cutting 20,000 jobs. You will also know that it's already informed London employees that cuts are coming, starting next week. But do not be deceived into thinking that you know everything. 

Bank of India (RBI) Governor Shaktikanta Das said Tuesday, just days after the US capitalmarkets regulator approved bitcoin exchange traded funds. “They (the US Securities and Exchange Commission) are the best judge of what is good for their country, so they have done it. I would not like to comment on what another regulator in another country has done,” Das said at the World Economic Forum at Davos.

A California court has dismissed a lawsuit from a group of fishermen against a conservation group that added New England lobster to its list of seafood to avoid

A raft of major technology and media companies have signed an open letter accusing tech giants of failing to bring their businesses into full compliance with incoming European Union digital competition rules.

interim budget on February 1. This means less likelihood of any major announcement or showering of freebies on the poor. The government is also likely to slow the pace of capital expenditure to rein in fiscal deficit. The fiscal deficit target of 5.3% will be set by the government in FY25, keeping in view the fiscal consolidation path till FY26, as it normalises capital spending and refrains from any major announcements in the interim budget before the general elections, Icra and Barclays economists have said. ICRA expects the fiscal deficit target for FY25 to be set at 5.3% of GDP, midway through the expected print of 6.0% for FY2024 and the medium-term target of sub-4.5% by FY26. India has set a target of a 5.9% fiscal deficit for FY24. The interim budget is expected to follow the tradition and just seek a vote on account, Parliament’s nod for a grant in advance to meet the Centre’s essential expenditure for the first four months of FY2024-25. But the government may not totally ignore pressing issues that demand action especially just months before elctions. One such issue of economic as well as electoral importance is sluggish rural demand as the poor in India's rural areas are hit more by rising prices. The government may not wait till the full budget to address the issue and might declare welfare schemes for the rural poor in the interim budget.

Qatar’s prime minister has warned of the massive destruction inflicted by Israel’s offensive on Gaza and criticized the Israeli defense minister’s rejection of a cease-fire in the battered enclave

With bustling flower markets, exciting city-wide events and beautiful festive displays galore staging throughout the entire festive period from day to night, Hong Kong is one of the Asian cities with the richest CNY ambience. Tourists looking to experience a celebration like no other should definitely pay a visit during Chinese New Year - and we can show you how to celebrate just like the locals do.#1 Tuck into a Poon Choi Feast for Being Perfect in Every Way Also known as a “basin meal,"poon choiused to be a rather under-the-radar dish, confined mostly to rural villages.

Former U.S. President Donald Trump would be a «transactional president» if he returns to power, but is unlikely to blow up the Biden administration's rebuilding of relations with China, according to Standard Chartered CEO Bill Winters.

Arun Sundaresan, Head-ETF, Nippon Life India Asset Management, says “generally, most of these ETFs anyway tend to be low on expense and they may be comparable but the moot point here is that you should not be guided only by the expense ratio. If the liquidity is poor and if the impact cost is very high, that may defeat the entire purpose of low-cost investing through ETFs.” ETFs are seeing substantial numbers as far as the performance across the board are concerned, especially the volumes. I really want to understand the trigger behind these significant volume numbers. Arun Sundaresan: Obviously ETFs and index funds, passive funds as they are called, have been picking up significant traction over a period of time in the mutual fund industry. Already the total assets under management in these types of funds is around Rs 8 lakh crore. Particularly talking about ETFs, the exchange traded funds they have been around for quite some time now. The topic for today's discussion, what we wanted to talk to you about is the liquidity in an ETF, how critical that is when it comes to your investment.

By Anne Kauranen and Balazs Koranyi

By Blake Brittain