President Financial News

petrol bomb' in local parlance, was lobbed by a man in front of the Raj Bhavan's main gate here on Wednesday, an incident which drew the opposition's ire over the handling of law and order by the ruling DMK in Tamil Nadu. Opposition AIADMK and BJP slammed the government over the incident that happened outside the official residence of the State Governor. There was no damage, injuries to anyone and there was no security lapse, a senior police official said, adding the man who threw the petrol bomb was immediately overpowered.

By Patricia Zengerle

BRASILIA (Reuters) — Approval of President Luiz Inacio Lula da Silva's performance has fallen in the last two months as Brazilians worry that Latin America's largest economy is worsening, a new Genial/Quaest poll showed on Wednesday.

Catherine Seeber says it’s a great time to be a financial advisor.

Polish politician Donald Tusk is in Brussels seeking to repair his country's ties with the European Union

Amazon is rolling out an independent cloud for Europe as it looks to address strict regulations that companies and those in the public sector face there

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Moneycontrol said on Wednesday. The labour department has issued the notice to TCS officials to meet department officials and discuss the matter on November 2 at the Pune labour department office. “Joint meeting of management regarding redressal of grievances/settlement on 02/11/2023 in the morning / 12.00 noon.

Federal Reserve officials say soaring long-term bond yields are a key factor in the economic outlook and their interest-rate decisions. They also say the swelling federal deficit is one reason yields are rising. What they won’t say is that political leaders should therefore do something about the deficit.

ICRA expects the strong demand in the second half of this fiscal year to contribute to double digit revenue growth for the hospitality industry in fiscal year 2024. «ICRA expects the Indian hotel industry to report double-digit revenue growth in FY2024, supported by the sustenance of domestic leisure travel, demand from meetings, incentives, conferences, and exhibitions (MICE), and business travel, along with an increase in foreign tourist arrivals (FTAs). The industry has also benefited from the G20 summit and the ongoing ICC World Cup 2023,» the company said in a statement.

Beijing has pumped a record amount of short-term cash into its financial system to shore up lending in recent days, only to elicit a refrain familiar to China watchers this year — not enough, more required.

An El Salvador town has grown tired of waiting for President Nayib Bukele to build Bitcoin City – and will instead build its own “Bitcoin City” project “a few kilometers away.”

Several of Wall Street's biggest names convened in Riyadh, Saudi Arabia, for the kingdom's annual Future Investment Initiative, during which they weighed in on risks and opportunities for investors and the global economy.

AIADMK chief Edappadi K Palaniswami has not opposed the BJP and Governor R N Ravi, which made it clear that his opposition to the saffron party is a drama, the ruling DMK alleged on Wednesday. Referring to Palaniswami's response in a press conference, when he was asked on Governor Ravi's comment about the Aryan-Dravidian narrative, the DMK's official Tamil organ 'Murasoli' said the AIADMK top leader 'struggled' to oppose the BJP and Ravi, who functioned as that party's 'representative.' Further, the daily asked: "...does it not make it clear that Palaniswami's stand of opposition to BJP is a planned drama." Quoting DMK President and Chief Minister M K Stalin's remark that AIADMK's claim of severing ties with the BJP was a drama marked by cunningness, Murasoli reiterated that accusation and said Palaniswami's 'lie' had been exposed. On October 23, Ravi had indicated there was no such thing as Aryan and Dravidian races.

Circle Squared Alternative Investments founder Jeff Sica explains why consumer spending will dramatically decline before the holidays on 'Varney & Co.'

Read here: Alphabet Q3 result: Google Cloud miss overshadows tech giant's earnings, share price down over 5% Wall Street expected cloud computing revenue of $8.62 billion and operating income of $434 million. Alphabet President and and Chief Investment Officer; CFO Ruth Porat said that the unit’s sales had been affected by some customers’ cost-cutting. He said that the third-quarter cloud growth is due to “customer optimization efforts," without elaborating.

BEIJING (Reuters) — China President Xi Jinping will meet California Governor Gavin Newsom, Chinese state media said on Wednesday.

The Indian hotel industry is expected to report double-digit revenue growth in FY24, supported by the sustenance of domestic leisure travel, demand from meetings, incentives, conferences, and exhibitions (MICE), and business travel, along with an increase in foreign tourist arrivals (FTAs), said a report by ICRA. The industry has also benefited from the G20 summit and the ongoing ICC World Cup 2023, it added. 

MEXICO CITY (Reuters) — Mexico's Senate on Wednesday voted to terminate 13 trusts held for the judiciary, ratcheting up tension between the government and judicial authorities, which President Andres Manuel Lopez Obrador argues are corrupt and hostile to the public interest.

By Stefanno Sulaiman

Mexico's Pacific beach resort of Acapulco early Wednesday, threatening to wreak «catastrophic» damage, the US National Hurricane Center (NHC) said. Hurricane Otis was packing maximum sustained winds of 165 miles (265 kilometers) per hour when it came ashore, the NHC said. The storm had rapidly strengthened to the most powerful category of the five-step Saffir-Simpson scale as it neared land. «Catastrophic damage likely where the core of the hurricane moves onshore,» the NHC warned. President Andres Manuel Lopez Obrador made an appeal on social media for people to move to emergency shelters and away from rivers, streams and ravines. Earlier, soldiers were seen patrolling the beach of Acapulco, where visitors had made the most of the calm before the storm. «We won't be running any tours today,» boat operator Carolina Torres said, voicing hope that Otis might weaken before making landfall. «If it hits us, that's very serious for us,» she added. Rainfall of up to 20 inches (51 centimeters) was expected across Guerrero and parts of neighboring Oaxaca state, the NHC said. «This rainfall will produce flash and urban flooding, along with mudslides in areas of higher terrain,» it warned. «A potentially catastrophic storm surge is expected to produce life-threatening coastal flooding,» it added. Hurricanes hit Mexico every year on both its Pacific and Atlantic coasts, usually between May and November, though few make landfall as a Category 5. In October 1997, Hurricane Pauline hit Mexico's Pacific coast as a Category 4 storm, leaving more than 200 people dead, some of them in Acapulco. It was one of the deadliest hurricanes to batter Mexico. In October 2015, Patricia became the most powerful hurricane ever recorded,