President Financial News

French President Emmanuel Macron has put trade disputes and Ukraine-related diplomatic efforts at the top of the agenda for talks with visiting Chinese President Xi Jinping

Billionaire investor Stanley Druckenmiller revealed Tuesday that he has slashed his big bet in chipmaker Nvidia earlier this year, saying the swift artificial intelligence boom could be overdone in the short run.

YSR Congress Party chief Y S Jagan Mohan Reddy on Tuesday alleged that TDP supremo N Chandrababu Naidu along with BJP state president D Purandeswari was stalling the distribution of welfare schemes in Andhra Pradesh. He made this allegation at Rajanagaram in East Godavari district during a public meeting as part of his election campaign.

Delhi BJP leaders and workers staged a protest near the Aam Aadmi Party headquarters at the DDU Marg here on Tuesday over the NIA probe recommended by Lieutenant Governor VK Saxena in the alleged funding received by the party from a banned terrorist organisation 'Sikhs For Justice'. The protesters, who raised slogans against the Aam Aadmi Party (AAP) and its convener and Delhi Chief Minister Arvind Kejriwal, were stopped by the police at a barricade.

United States Embassy has released the first tranche of student visa appointments in India for the September 2024 intake. " It’s almost Student Visa Season! The first tranche of student visa appointments for interviews in late May has been released. In the coming weeks we’ll release additional appointment tranches for June, July, and August," the U.S. Consulate General Hyderabad, announced.

New Delhi, The Supreme Court on Tuesday took note of concerns over the safety of the 150-year-old Bombay High Court building and the need for additional space, and directed the Maharashtra government to «forthwith» conduct a safety audit of the heritage structure. A special bench of Chief Justice D Y Chandrachud and Justices B R Gavai and J B Pardiwala also asked the government to expedite drawings of the site earmarked for constructing new high court building in Mumbai.

Putin began his fifth term Tuesday as Russian leader at a glittering Kremlin inauguration, setting out on another six years in office after destroying his political opponents, launching a devastating war in Ukraine and concentrating all power in his hands. Already in office for nearly a quarter-century and the longest-serving Kremlin leader since Josef Stalin, Putin's new term doesn't expire until 2030, when he will be constitutionally eligible to run again.

Pro-Palestinian protesters that had been blocked by police from accessing an encampment at the Massachusetts Institute of Technology on Monday broke through fencing, linked arms and encircled tents that remained there, as Columbia University canceled its university-wide commencement ceremony following weeks of pro-Palestinian protests. Sam Ihns, a graduate student at MIT studying mechanical engineering and a member of MIT Jews for a Ceasefire, said the group has been at the encampment for the past two weeks and that they were calling for an end to the killing of thousands of people in Gaza. «Specifically, our encampment is protesting MIT's direct research ties to the Israeli Ministry of Defense,» he said.

Amethi (Uttar Pradesh) [India], May 7 (ANI): Union Minister and BJP candidate from Amethi Lok Sabha seat Smriti Irsaid that people in the constituency have understood that development is possible when the leader has good character and the government has clarity in its policies. «The people of Amethi have accepted me as their family. I am a voter in Amethi now. The people have understood that if the government is clear with its policy and the leader has good character, then a lot of development is possible in very little time,» Smriti Irani told ANI here on Monday. «The Congress leadership is preparing to conduct an analysis of their loss in Amethi after the declaration of the results,» she added.

Donald Trump is accusing Joe Biden of offering a weak response to antisemitism, wielding the clashes on colleges campuses over the war in Gaza as a campaign issue. But Trump's attacks ignore his own long history of rhetoric that invokes the language of Nazi Germany and plays on stereotypes of Jews and politics. The latest example came over the weekend, when Trump — accusing the White House of having a role in his multiple state and federal criminal prosecutions — told Republican donors gathered for a private retreat at his Florida resort that Biden is running a «Gestapo administration,» referring to the secret police force of Nazi Germany. Amy Spitalnick, CEO of the Jewish Council for Public Affairs, called it a «deliberate tactic» to attack Biden and distract from his own track record.

U.S. stock indexes closed higher on Monday, their third straight session of advances, as investors continued to gain hope that there was a greater chance of the Federal Reserve cutting interest rates this year. Expectations for rate cuts by the U.S. central bank have been tempered as the year has progressed, as inflation has proven stickier, and some investors had begun to worry they might not materialize at all, sending markets lower in April.

Gold prices edged up for a second session on Tuesday, after recent economic data boosted bets that the Federal Reserve would cut interest rates later this year.

Rabindranath Tagore's birth anniversary to Border Roads Organisation (BRO) raising day, several incidents are celebrated on May 7, every year. The day also marked a phenomenal development in geopolitics as Vladimir Putin became the President of Russia for the first time on May 7, 2000. Take a look at the key events that were held today in past.

Sensex gained 17.39 points, or 0.02%, to close at 73,895.54, while the Nifty 50 settled 33.15 points, or 0.15%, lower at 22,442.70. “The surge in India VIX by over 70% in the last eight trading sessions from around 10 to its 52-week high near 17 level, indicating increasing nervousness among investors due to the ongoing global uncertainties and Lok Sabha election outcome next month. Hence, markets are likely to remain in a broader range with stock-specific action in the near term," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Buy or sell stocks for today: Despite positive global market cues, the Indian stock market ended lower after a highly volatile session on Monday. The Nifty 50 index lost 33 points and finished at 22,442, while the BSE Sensex ended marginally higher at 73,895. The Bank Nifty index went off 28 points and closed at 48,895.

Osaic is now officially an even larger force to be reckoned with.

Grant’s Interest Rate Observer founder and editor Jim Grant discusses the financial instability the Federal Reserve is facing on ‘Maria Bartiromo’s Wall Street.’

Kenyan President William Ruto announced a major policy shift in the country’s approach to cryptocurrency on May 3, revealing that his government has appointed U.S.-based Bitcoin mining company Marathon Digital as its consultant.

iCapital, the leading global fintech and alternative investments platform, is making it easier for advisors to scaleably diversify their clients’ portfolios beyond traditional public investments.

Eight months ago, life was good for Kavish Kataria, the 33-year-old former SocGen vice president at the centre of the French bank's latest trading brouhaha. Based in Hong Kong on the delta one desk, Kataria says he made $50m in profits in 2023 through to September. He was expecting a $1m bonus and was scheduled to move to Singapore with the bank.

As we reported earlier this week, there have been squeaks of lamentation from Instinet. The institutional agency broker which acts as Nomura's equities trading arm announced its bonuses this week, and they were not so good.