President Financial News

Nobel Laureate economist Muhammad Yunus is expected to return to Bangladesh on Thursday, Bangladesh-based Dhaka Tribune reported. Yunus will arrive at Hazrat Shahjalal International Airport in Dhaka on an Emirates flight from Dubai at 2.10 pm, subject to the flight being on time, Dhaka Tribune reported, quoting a statement from Yunus Centre. Yunus' return comes as he is set to take on a significant role as head of the interim government, following a meeting with President Mohammed Shahabuddin.

South Korea could rupture its U.S. alliance and shock financial markets if it started building nuclear weapons, Defence Minister Shin Won-sik told Reuters, dismissing renewed domestic calls for the country's own arsenal to deter North Korea. As the neighbouring North rapidly expands nuclear and missile capabilities, more South Korean officials and members of President Yoon Suk Yeol's conservative ruling party have called in recent months for developing nuclear weapons. The prospect of another term for former U.S. President Donald Trump, who complained about the cost of the U.S. military presence in South Korea and launched unprecedented talks with the North, has further fuelled the debate.

China's 7 million ride-hailing drivers. A 36-year-old Wuhan resident, he started driving part-time this year when construction work slowed in the face of a nationwide glut of unsold apartments. Now he predicts another crisis as he stands next to his car watching neighbours order driverless taxis. «Everyone will go hungry,» he said of Wuhan drivers competing against robotaxis from Apollo Go, a subsidiary of technology giant Baidu.

stocks ended lower on Wednesday, with the Nasdaq falling 1% as technology shares declined and weak demand in a 10-year Treasury auction stoked investor jitters in choppy trade. Indexes started the day higher with a surge in tech shares, and both began to lose steam in afternoon trading. With investors still nervous after a recent steep selloff in global stocks, equities pared gains further after the Treasury auction.

global equity markets saw a relief rally following the Bank of Japan's assurance that it will not increase interest rates when the markets are unstable. NSE's Nifty rose 304.95 points, or 1.27%, to close at 24,297, whereas BSE's Sensex rose 874.94 points, or 1.11%, to end at 79,468.

Former Catalan leader Carles Puigdemont says he plans to return to his country on Thursday despite the likelihood of being arrested on his return

CVS Health has chopped its 2024 forecast for a third time as the health care giant continues to struggle with high utilization in its health insurance business

Officials from Boeing and the Federal Aviation Administration are facing questions about the door plug that blew off a 737 Max jetliner in midflight

Pakistani national with alleged ties to Iran has been charged with plotting to assassinate former United States President and Republican presidential candidate Donald Trump and several other public officials. US attorney general Merrick Garland, who announced the charges against Pakistani national Asif Merchant on Tuesday, indicated without naming Trump that the target was the former president. According to a criminal complaint unsealed in Brooklyn federal court on Tuesday, Merchant, after spending time in Iran, flew from Pakistan to the US in April to recruit hitmen to carry out the alleged plot. The plot failed, as per the complaint, as the person Merchant had contacted was a confidential informant working with the Federal Bureau of Investigation (FBI).

Trump was on an unstoppable march, about to return to power, taking over from incumbent Joe Biden, who looked weak and hesitant. Then, a deranged individual shot at Trump, offering hundreds of memes, including one that said, 'Man shoots, misses Trump, wounds Biden'. For that's what happened. With a halo around him, Trump's return seemed inevitable. In Milwaukee, he spoke of unity and then reinforced divisive tones at the Republican convention. He paraded his vice-presidential nominee James D Vance, with his 'exotic' Indian wife, the Yale-educated Usha Chilkuri. Like her husband, she once hated everything Trump stood for, but was now going to support him.

Kamala Harris and her running mate Tim Walz made their joint presidential campaign debut at a rally Tuesday evening in Philadelphia, kicking off their battleground state tour with an introduction from Pennsylvania Governor Josh Shapiro. With the Minnesota Governor as her pick for vice president, Harris pushed to shore up «Blue Wall» states-Wisconsin, Michigan and Pennsylvania-that Democrats need to win to keep the White House. Walz's advocacy for in vitro fertilization and child tax credits-an idea that he has used in hist state-were issues that resonated with the Democratic presidential nominee. A turbulent campaign is now set to play out as a 90-day sprint across two fronts: the Rust Belt and the Sun Belt.

MPs staged a protest in the first half of the Lok Sabha session on Wednesday when news broke about the disqualification of wrestler Vinesh Phogat from the Olympics. Both treasury benches and the main opposition bloc were visibly caught off guard by this group of MPs who were instinctively quick to sense the national sentiment over Phogat's disqualification. Chandra Shekhar Azad (Bhim Army), Harendra Singh Mallik (SP), Rajiv Ranjan alias Pappu Yadav (Independent) and a few others started raising slogans, saying «injustice has been done to the nation's daughter» and «we want the government to speak». Some female MPs of the Trinamool Congress also joined them.

Following a proposal from the student movement's coordinators, Yunus' name was finalised late on Tuesday as the head of the interim government. The government will be formed once decisions regarding the other members are made. The interim government will be sworn in on Thursday, the Bangladesh Army chief announced on Wednesday.

Brookfield Asset Management Ltd. reported a gain in quarterly profits and said its assets under management rose to a record of approximately US$1 trillion.

Around the world, endgames are looming in four high-stakes political, environmental and military disputes. The results will resonate well beyond the immediate protagonists.

Shopify SHOP.TO beat analysts’ estimates for second-quarter results and forecast upbeat sales growth as its AI-enabled tools attracted more merchants to its e-commerce services, sending its U.S. shares up 17% before the bell on Wednesday.

Eric Trump, son of former U.S. President Donald Trump, has hinted at a significant announcement related to cryptocurrency.

Fiduciary Trust International, a global wealth management firm under Franklin Templeton, is enhancing its ability to engage with ultra-affluent clients in the East Coast with the hiring of a seasoned planning specialist.

Russia was battling a major cross-border incursion from Ukraine for a second day on Wednesday, with authorities evacuating several thousand civilians due to fighting, officials said. The incursion began on Tuesday morning, with the Russian defence ministry announcing it had deployed air and artillery firepower to try to quash Ukrainian troops breaking into the Kursk border region. «The operation for the destruction of Ukrainian army units is continuing,» the defence ministry said on social media Wednesday.

Bolivia’s socialist President Luis Arce says national referenda will be held soon on the removal of politically combustible fuel subsidies and on the constitutionality of presidential reelections

The ex-partner of former Argentine President Alberto Fernández has accused him of physically and emotionally abusing her