President Financial News
17.01 / 02:11
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China GDP grew around 5.2% in 2023 without relying on 'massive stimulus', Premier Li says at Davos
Li Qiang said in Davos, Switzerland. “Last year in 2023, the Chinese economy rebounded and moved upward with an estimated growth of around 5.2%, higher than the ‘around 5%’ target set at the beginning of last year," Li said on Tuesday in his first appearance as China’s No. 2 official at the annual World Economic Forum.
17.01 / 02:11
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Election
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stage
Colleges
Explained: How US elects its President? A look at the electoral process
One year before US elections: Candidates from the two main political parties — the Democrats and the Republicans — begin their campaign trails. This part of the campaign includes setting up their team and conducting rallies to seek support and fundraise for their campaigns. ALSO READ: Vivek Ramaswamy ends his US Presidential bid, endorses Donald Trump as 'best president of 21st century' At the start of the campaigns: Democrat and Republican candidates participate in televised debates.
17.01 / 02:09
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Reuters
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US Presidential Election
US presidential election: Canadian PM Trudeau warns of tough times if Donald Trump wins, says, ‘it will be a step back'
Reuters. While addressing a discussion hosted by the Montreal Chamber of Commerce, Justin Trudeau said in French, "It wasn't easy the first time and if there is a second time, it won't be easy either," reported Reuters. Justin Trudeau also mentioned that if Donald Trump rose to power following the upcoming elections it would not be easy for Americans, He said, “But we can't imagine a day when it will ever be easy with the Americans.
17.01 / 00:21
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SBI, BoB among PSBs rushing to issue bonds
bonds in the coming weeks, capitalising on lower government bond yields that have made borrowing cheaper while tight liquidity and robust credit growth are spurring lenders' demand for funds to meet loan needs. State Bank of India is set to kick off domestic bond issuances for 2024 with the sale of an additional tier-1 (AT-1) bond worth up to ₹5,000 crore. Bidding for the issue would happen on Thursday, people aware of the development said. SBI's AT-1 bond could be priced at around 8.25%, with long-term investors likely to show strong demand, the people said. Meanwhile, Bank of Baroda (BoB) is likely to raise up to ₹5,000 crore soon by issuing 10-year infrastructure bonds, said the people cited above. Canara Bank could also raise up to ₹3,000 crore through the issuance of AT-1 bonds later this month, while Bank of Maharashtra and Central Bank of India are considering the option of raising funds through infrastructure bonds. «We have seen a correction in bond yields which happened since December.
16.01 / 20:33
Fighting
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RSS, BJP have turned Jan 22 event into political PM Modi function: Rahul Gandhi
Rahul Gandhi on Tuesday accused Prime Minister Narendra Modi and RSS-BJP of turning the Ayodhya Ram temple consecration ceremony on January 22 into a «complete political Narendra Modi function» and said that is why it was not possible for Congress leaders to attend it. Gandhi also indicated — at a press conference at Chiephobozour, near Kohima, the constituency of Nagaland CM Neiphiu Rio, a BJP ally — that he has no plans to visit the Ayodhya temple during his ongoing yatra, even after January 22, as he intends to «follow the fixed route of the Bharat Jodo Nyaya Yatra» throughout till March end.
16.01 / 20:33
Provident
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Justice
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Department
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licence
Centre for policy research's FCRA licence cancelled
FCRA licence of Centre for Policy Research, a leading non-governmental organisation, for alleged violation of rules, ET has learnt. CPR's Foreign Contribution Registration Act licence was suspended eleven months ago. The cancellation order was issued last Wednesday after long deliberations, an official told ET. When contacted, a senior functionary at CPR said it had received the cancellation order.
16.01 / 19:29
markets
CEO
Strategy
BlackRock
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Bob Doll named CEO of Crossmark
Bob Doll, the market strategist who’s known for his annual predictions on the markets, has been named president and chief executive of Crossmark Global Investments, a faith-based investment management firm headquartered in Houston, where he has served as chief investment officer since 2021.
16.01 / 19:23
COST
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Trade
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cover
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Banks prepare to take on the Biden administration over billions of dollars in overdraft fees
The Consumer Financial Protection Bureau is expected to propose rules this week that further rein in banks’ ability to charge customers a fee when they overdraw their bank account
16.01 / 19:23
Twitter
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Uber cuts off Drizly, alcohol delivery app it bought for $1.1 billion three years ago
Uber is shutting down alcohol delivery app Drizly, the company confirmed this week, just under three years after acquiring the platform for $1.1 billion
16.01 / 19:23
UPS
Waters
Align
President
country
prevention
Shell to sell big piece of its Nigeria oil business, but activists want pollution cleaned up first
Shell has reached an agreement with a consortium of companies to sell its onshore business in Nigeria's Niger Delta in a deal worth $2.4 billion
16.01 / 18:17
UPS
President
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RamSam, uncle Sam didn't want you
Vivek Ramaswamy, announced on Monday he will no longer be running for the presidency of the USA, USA, USA! By dropping out, the 38-year-old Harvard graduate and biotech entrepreneur may return to his earlier libertarian avatar, minimising the 'radical conservative' window he has been screen-sharing all this while to become prime tenant of 1600 Pennsylvania Avenue. The reason for RamSam flashing the time-out sign is his poor showing in the Iowa caucus Republican presidential nomination contest where he came a poor fourth trailing 'The Don' Trump, 'The Ron' DeSantis, and 'Rikki-Tikki' Nikki Haley. Campaigning as the apostle of anti-wokeism was always going to be tough when you have anti-woke prophets like Don and Ron at the pulpit.
16.01 / 16:45
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2020
Trump's language increasingly aggressive when describing possible second term
Trump has never been known for flattering his opponents, but in recent months he has come out with even more aggressive language that gives a hint as to what his second term might be like if he returns to the White House. The former president, who is miles ahead of his rivals in the race for the Republican nomination and easily won the Iowa caucuses on Monday, has made very clear that vengeance is a powerful motivating force for him.
16.01 / 16:44
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Schools
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Former Arkansas Governor Asa Hutchinson ends his 2024 campaign after sixth-place finish in Iowa caucuses
Hutchinson dropped his long-shot bid for the Republican presidential nomination on Tuesday, ending a candidacy that served as a throwback to an earlier era of the GOP but ultimately failed to resonate in a party now dominated by Donald Trump. Hutchinson's exit came a day after he finished sixth in Iowa's leadoff caucuses, well behind Trump and other top rivals but also behind Ryan Binkley, a pastor who failed to qualify for any of the debates. Hutchinson was the last GOP candidate remaining in the race who was willing to directly take on Trump. «I congratulate Donald J Trump for his win last night in Iowa and to the other candidates who competed and garnered delegate support,» Hutchinson said in a statement. «Today, I am suspending my campaign for President and driving back to Arkansas. My message of being a principled Republican with experience and telling the truth about the current front runner did not sell in Iowa.»
16.01 / 15:27
President
poverty
Justice
country
social
Ayodhya Ram Mandir ceremony: Rajeev Chandrasekhar slams Congress, says 'if Rahul Gandhi defines our beliefs...'
completely political Narendra Modi function". "...Rahul Gandhi lives in this 'la-la' world, in my opinion...He thinks everything he says is predicated on nobody understanding the truth and he can get away with these atrocious lies...The people of India are wise enough.
16.01 / 14:53
UPS
FIVE
President
International
Burger King owner will buy out its biggest franchisee in US for about $1 billion
The parent company of Burger King is buying out its biggest franchisee in the U.S. for about $1 billion
16.01 / 13:57
markets
Reuters
JPMorgan
Tesla
Trade
President
Fresh bank earnings ahead, Fed's Waller to speak - what's moving markets
Investing.com -- U.S. stock futures slip, as markets on Wall Street prepare to reopen after a holiday on Monday. Earnings from Goldman Sachs and Morgan Stanley will be in focus, along with a speech from Federal Reserve Governor Christopher Waller. Elsewhere, Elon Musk calls for a greater stake in Tesla (NASDAQ:TSLA), saying he would prefer to build products outside the electric carmaker if his holdings are not increased.
16.01 / 12:19
UPS
Cooper
economy
President
peace
open
WEF at Davos: China's Premier Li Qiang tells world it is growing and open for business
Li Qiang said on Tuesday in Davos the Chinese economy was open for business and highlighted its potential for foreign investment as its vast population becomes rapidly more urban and its middle class is forecast to grow. As China grapples with a sluggish post-pandemic recovery and a real estate slump, overseas executives have grown concerned about its long-term growth prospects for the first time in the four decades since Beijing opened it up to foreign investment.
16.01 / 12:09
Booking
security
Research
wellness
President
International
Red Sea crisis a storm for L&T?
₹ 3,605.7, hit on Monday. On Tuesday, L&T said that its construction arm has bagged a “mega" order, valued between ₹ 10,000 crore and ₹ 15,000 crore for constructing a high-speed electrification system for the Mumbai-Ahmedabad bullet train project. This significant domestic contract is expected to bolster L&T’s order book and revenue stream.
16.01 / 12:01
CEO
economy
Election
President
rock
Relationships
NOT
Trump is a 'transactional president' but may not rock the boat on China, Standard Chartered CEO says
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.
16.01 / 12:01
Cooper
security
Remark
President
country
innovations
International
China's premier tells Davos that innovation shouldn't be used to restrict other nations
Chinese Premier Li Qiang said that tech innovations should not be used as a way to restrict or contain other countries.
16.01 / 10:47
Injustice
wellness
President
Justice
social
information
Ayodhya Ram mandir ceremony a 'political Narendra Modi function,' says Rahul Gandhi in Nagaland | Top quotes
Congress MP Rahul Gandhi said the Rashtriya Swayamsevak Sangh (RSS) and the Bharatiya Janata Party (BJP) "have made the 22nd January function a completely political Narendra Modi function". He added, “It's become a RSS-BJP function and I think that is why the Congress president said that he would not go to the function." ALSO READ: Bharat Jodo Nyay Yatra: You will need THIS to hop on to Rahul Gandhi's 'Mohabbat Ki Dukaan' bus. Read here Rahul Gandhi said his party members "are open to all religions, all practices.
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