President Financial News

Rare earths play Northern Minerals has asked the Foreign Investment Review Board to probe whether recent share acquisitions are part of a covert attempt by Chinese interests to gain control of its strategically important assets in Western Australia.

Storm Ciarán approaches. Flood warnings have been issued across several regions in England, Scotland, and Wales, with additional amber rain warnings in effect for Northern Ireland. Storm Ciarán is set to make landfall on Thursday and is expected to bring with it strong winds and heavy rainfall, will affect parts of southern England and Wales.

Virat Kohli masks' to cheer the ace batter on his 35th birthday, which coincides with India's World Cup game against South Africa at the Eden Gardens on November 5. To mark 'King Kohli's' birthday, the Cricket Association of Bengal (CAB) has made the grand plan to distribute Kohli masks among the spectators.

BRASILIA (Reuters) — Brazilian Finance Minister Fernando Haddad said on Monday that as long as he is in his job he will look to ensure «fiscal balance», but stopped short of saying the government's goal of erasing the budget deficit in 2024 remains in place.

Mumbai: As per the International Monetary Fund’s World Economic Outlook released in early October, China is expected to grow by 5% in 2023. This growth forecast is in constant terms adjusted for inflation and in the Chinese currency yuan. A growth of 5% in 2023 is better than growth of 2.2% in 2020 and 3% in 2022.

Houston, a man, later identified as Alex Rosen, was forcibly removed after he bombarded Hillary Clinton with inquiries about her husband's visits to Jeffrey Epstein's private island. The incident occurred as Clinton was campaigning for Democrat Mayoral candidate Rep. Sheila Jackson Lee in Texas. Rosen, 23, questioned, «Hey, Hillary.

By Andrew Osborn and Filipp Lebedev

By David Shepardson and Joseph White

P Vishnuvardhan Reddy is a senior Congress leader and former MLA from Khairatabad and Jubilee Hills. He was quoted by news agency ANI as saying on Monday, "I never imagined that the Congress would come to this state. The Congress will soon have to sell off the Gandhi Bhavan.

Dearness Relief Hike Notification October 2023: The Finance Ministry recently decided to increase the rate of Dearness Relief (DR) for Central Government pensioners and family pensioners from 42% to 46% of the basic pay/family pension.

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F-16 Fighting Falcon fighter jets. Over the weekend, Denmark and the Netherlands announced that they would begin sending F-16s to Ukraine as soon as the training of the first group of pilots to fly them is complete. The Danish air force will donate 19 F-16s (upgraded in recent years) and the Dutch an as yet unclear number of the 42 F-16s they possess.

BJP on Monday accused the Congress of being driven by petty, vote-bank politics in its stand on the Israel-Hamas conflict and asked when was the last time its senior most leader wrote in the media on an international conflict. BJP spokesperson Sudhanshu Trivedi's sharp attack on the Congress came after its former president Sonia Gandhi said in a newspaper article her party is «strongly opposed» to India's abstention on the recent UN resolution which called for humanitarian truce amid unfolding crisis in Gaza amid massive Israeli military attack on the tiny territory. Government sources have said the absence of any mention of the October 7 attack on Israel by Hamas terrorists in the resolution was the reason for India's abstention as there can be no equivocation on terror.

Shweta Rajani, Senior Vice President — Mutual Fund Advisory, Anand Rathi Wealth, says “valuation-wise, given the recent correction, largecaps are fairly priced, smallcaps have gone into an attractive zone. Midcaps are fair value to the expensive zone range. In such a scenario of 50% in large and 20% to mid, having 30% in smallcap in the portfolio would be a good market cap mix. One can look at realigning your portfolios to this market cap.” Looking at the fresh levels of the market, a lot of investors must be thinking whether their regular investments should be continued or not. A lot of investors, especially matured ones would be waiting for this kind of a fall or volatility to enhance their investments. amounts also. But let us talk about the fear part. What, according to you, are normal questions that investors might think of looking at the market condition right now? Markets in the last few days have been pretty much volatile. Just to give you certain numbers, from March till now, Nifty50 had run up by more than 20% and in the last few days, we have seen a correction of around 6%. Clearly, the question that comes to anybody’s mind is looking at the geopolitical situation, the Israel-Gaza war, what could happen to that and therefore the impact on Indian markets.

it is not happening—replacing old grids and installing new technology is just too expensive for developing countries. To reach net-zero emissions by 2050, the International Energy Agency, an official forecaster, reckons developing countries would have to spend at least $300bn on renewable grids until 2030, five times their current outgoings. Thus there is no way round the missing finance.

Nirmala Sitharaman on Monday said that customs authorities across the globe should share “actionable” information among themselves to curb the network of illicit trade which is hurting the global economy. She added that there is a need for intergovernmental cooperation to crack the masterminds behind smuggling networks else authorities will be able to catch small fishes only. «I place a lot of emphasis on intergovernmental coop, along with WCO (World Customs Organisation), so that we are able to crack the brains behind it (smuggling), the masterminds behind it, with the help from local authorities and governments,» Sitharaman said in her address at Global Conference on Cooperation in Enforcement Matters. The conference organised by the Directorate of Revenue Intelligence, aims at creating an information network and share information to block the international chain of illicit trade. She added that exchange of information and global cooperation was one of the issues discussed during India’s G20 presidency and she proposed that global enforcement agencies must meet once in a year to discuss among themselves the measures to handle it. «Networked groups think that small fries can be sacrificed, police or customs authorities can catch hold of this small fish, the larger fish, which is the brain behind, is never going to be caught,» Sitharaman added. Sitharaman also said that the nature of smuggled or illegally traded goods has not changed over the last 50-60 years and it continues to be precious metals, narcotics, precious reserves from forest or marine life. «So largely the goods which are illegally traded remain the same. There are no newer areas on which the customs authorities are baffled.

Infibeam Avenues, has launched a mobile-based QR code payment solution in the United Arab Emirates. The company, which runs the payment gateway brand named CCAvenue.ae (the UAE web domain) intends to tap the growing offline payments landscape in the Emirate with the product. It is the company’s first such offline payments solution for the international market.

Some of Australia’s largest nickel producers are increasingly concerned that the Biden administration will allow their big Indonesian rivals access to incentives under the Inflation Reduction Act – a huge subsidy to encourage the transition to clean energy – as early as next month.

Suncorp is putting a scythe through insurance management ranks, cutting 25 leadership positions as it tries rejigging structures.

In the world of cryptocurrency, excitement continues to ripple through the market as Bitcoin holds steady at $34,274, registering a 0.75% increase on this Monday.

SEAS), Deborah Lipstadt has condemned the violent protests that have been reported in Russia threatening Israelis and Jews and called on Russian authorities to ensure their safety. In a post shared on X, Lipstadt stated that the US stands with Israel and the entire Jewish community. She emphasised that there is no excuse for targeting Jews or engaging in anti-semitic incitement.