President Financial News

The European Central Bank cut its key interest rate by a quarter-point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs — a shift with far-reaching consequences for home buyers, savers and...

Every June since the 1970s, across the United States, musicians, fans and industry professionals celebrate Black Music Month

Fresh allegations are surfacing about Donald Trump's disrespectful behavior toward Black contestants on “The Apprentice,” the reality TV show he hosted from 2004 to 2015

South African opposition parties are meeting and will continue crunch talks into next week to consider the ruling African National Congress’ offer to become part of a government of national unity

Kentucky's governor says electric vehicles have ignited enough momentum from job growth and investments to steer past any roadblocks from former President Donald Trump and other critics

France will transfer Mirage-2000 fighter jets to Ukraine and train their Ukrainian pilots as part of a new military cooperation with Kyiv as it fights the Russian invasion, President Emmanuel Macron announced on Thursday.

Jack Otter and «Barron’s Roundtable» senior writer Nicholas Jasinski discuss how rate cuts are looking unlikely for 2024.

«I think primarily it is the NBFCs which is there, which actually the NBFC MFIs where this issue is in terms of the higher rates. Spandana has announced that they are going to cut rates. So, we are seeing this trend across all the MFIs. And it should play out for the other MFIs also over the course of next few quarters,» says Viral Shah, Vice President, IIFL Securities. Let us start with that comment that has come in. What is it in terms of the risk that has comes out for the NBFC? Is it much of a concern? How are you seeing? Yes, they have cautioned this before, but how do you see this now shaping up? I think RBI's pattern in terms of incrementally dealing with all the regulated entities is quite set. They have highlighted this issue quite sometimes. The deputy governors have highlighted it in their interactions. And today we had a comment from the governor himself. So, I think this is one key area that should be on focus and he has specifically called out the MFI sub-segment and that is a place where we believe that some of the higher rate lenders will have to take a rate cut. In fact, a couple of them have already announced that they are going to take between 50-70 odd basis points of rate cuts over the next few quarters.

Humanoid Robot Developer Conference watched in fascinated unease.

Nitish Kumar on Friday vowed to support Prime Minister Narendra Modi to form the new government at the centre and said that his party will always be with National Democratic Alliance (NDA).

Chirag Paswan was elected as the LJP (Ram Vilas) Parliamentary Party leader after a meeting held at his residence here in Delhi on Friday.

When Narendra Modi calls WHO chief 'Tulsi Bhai' in thank you replyUpon reaching the Parliament, Nagaland Chief Minister Neiphiu Rio said, “I had already congratulated him (PM Modi) for his third term and the success of the NDA as the third term government."Goa Chief Minister Pramod Sawant, who was among those who arrived to attend the NDA Parliamentary Party meeting, said, “We were able to win only one seat in Goa. I am sad that we could not win the other seat as well."Following Modi's election as the leader of NDA MPs, prominent alliance members such as TDP's N Chandrababu Naidu, JD(U)'s Nitish Kumar, and Shiv Sena's Eknath Shinde are expected to accompany the Prime Minister for a meeting with President Droupadi Murmu.

Nifty50 and Sensex closed nearly 1% higher on Thursday, a day after posting their best one-day jump in over three years, as Narendra Modi is set to return to power for a third term after two key allies pledged their support to form a new government. The 30-share BSE benchmark Sensex advanced 692 points, or 0.93%, to settle at 75,074. The broader NSE Nifty gained 201 points, or 0.89%, to end at 22,821.

Rahul Gandhi and his purported derogatory comments directed at Union Home Minister Amit Shah.According to the Congress leader's attorney, Kashi Prasad Shukla, the postponement until June 18 was necessitated by the demise of a lawyer, leading to a condolence meeting on Friday, PTI reported.Rahul Gandhi, who had previously attended court proceedings regarding the defamation case in February, was granted bail. The case, initiated by BJP leader Vijay Mishra, saw a warrant issued against Gandhi last December.In response, Gandhi interrupted his Bharat Jodo Nyay Yatra in Amethi on February 20, appearing in court to secure bail.Also Read: ‘Rahul Gandhi is hatching conspiracy’, says BJP after Congress leader seeks probe into June 4 market crashThe complaint dates back to August 4, 2018, following alleged objectionable comments made by Gandhi against Shah during a press conference in Bengaluru amidst the Karnataka elections.The complainant cited Gandhi's remarks targeting the BJP, where he alleged the party's commitment to honest politics contradicted the fact that its president was an "accused" in a murder case.

Congress on Friday alleged that statues of Mahatma Gandhi, B R Ambedkar and Chhatrapati Shivaji among others have been relocated within Parliament premises to ensure that Opposition parties cannot hold democratic protests, and said such «stunts» cannot save Prime Minister Narendra Modi's «unstable government» from falling. Congress general secretary Jairam Ramesh termed the Lok Sabha secretariat's explanation for relocating the statues as «wholly bogus», and said there has been no discussion with any political party on the matter.

National Democratic Alliance arrived at Parliament complex on Friday to elect Narendra Modi as their leader, paving the way for him to take oath as prime minister for a third term. Besides NDA MPs, senior leaders of the alliance, including chief ministers, will be part of the meeting where BJP president J P Nadda is expected to propose a resolution in support of Modi's leadership, with allies and MPs likely to endorse it.

MP-MLA court here on Friday postponed the hearing in the 2018 defamation case against Congress leader Rahul Gandhi over his alleged objectionable remarks targeting Union Home Minister Amit Shah. Gandhi's lawyer Kashi Prasad Shukla said due to the death of a lawyer, a condolence meeting was held in the court on Friday and the hearing was postponed to June 18.

Taiwan's Ministry of National Defence has detected six Chinese military aircraft, six naval vessels, and four Coast Guard ships around the nation between 6 a.m. on Thursday (June 6) and 6 a.m. on Friday (June 7), according to Taiwan News.

defamation case filed by the Karnataka BJP for issuing alleged defamatory advertisements in mainstream newspapers before the assembly elections last year.The ad had accused the then-BJP government in the state of engaging in large-scale corruption during its 2019-2023 rule. On Thursday, the state Congress said, “Congress national leader Rahul Gandhi will attend the (hearing at) City Civil Court at 10.30 am tomorrow (Friday)."“Later, he will hold a discussion with the Congress' newly-elected MPs and defeated candidates from the state at Bharat Jodo Bhavan on Queens Road at 11.30 am.

Marianne Caswell’s passion for the industry is helping her clients achieve financial confidence and improve their well-being.

A large chunk of US employees are not making contributions to their workplace retirement plans – and they don’t even know it.