President Financial News

China will host the third Belt and Road Forum for International Cooperation in Beijing from Oct. 17 to 18, according to state media Xinhua news agency. Chinese President Xi Jinping will attend the opening ceremony and deliver a keynote speech.

The United Nations’ human rights commission of inquiry says it is investigating “war crimes committed by all sides” of the rapidly escalating violence in Israel and Gaza following Saturday’s surprise attack by Hamas militants, which has ignited fears of a bigger regional escalation.

A federal judge last week denied a broker’s effort to stop Finra from disciplining him.

U.S. Banks Asset Management Group CIO Eric Freedman joins ‘Mornings with Maria’ to discuss market activity, signs inflation is coming down and whether Americans can expect another rate hike in 2023. 

North Carolina Republicans have enacted vote-count restrictions and weakened the governor’s ability to oversee elections and other state regulatory bodies by overriding Democratic Gov. Roy Cooper’s vetoes

Mexico's president says he rejected a U.S. request to set up migrant transit centers in Mexico

Investing.com — President Joe Biden on Tuesday pledged support for Israel and said his administration would be urging Congress to take action to fund additional military assistance to Israel. 

Investing.com — The S&P 500 jumped Tuesday as investors continued to digest remarks from Federal Reserve officials hinting at another pause on rate hikes next month.

By Jarrett Renshaw and Valerie Volcovici

TORONTO — Chartered Professional Accountants in Quebec and Ontario are still looking for answers about how the decision for their provincial oversight bodies to split from CPA Canada was made and what it means for the future of their profession.

Lok Sabha elections, top leaders of Shiv Sena, BJP, and NCP (Ajit Pawar) faction will launch Maha Samwad Yatras across Maharashtra in the coming days. A BJP leader said on Tuesday the outreach program was discussed in a meeting held at state Cabinet minister and BJP leader Chandrakant Patil's residence here.

By Philip Blenkinsop

Treasuries rallied on Tuesday, pushing two-year yields to their lowest in a month, due to a combination of demand for safe-haven assets amid ongoing violence in the Middle East and dovish Federal Reserve remarks that suggested the central bank may be done raising interest rates. Cash Treasury markets had been closed for a holiday on Monday, so Tuesday morning was traders' first chance to react to Palestinian militants' attack on Israel over the weekend as well as Fed officials' overnight comments. Benchmark 10-year yields were on track for their largest daily drop since July, while those on the two-year were on pace for the biggest daily decline since late August. «We had dovish statements yesterday by Fed officials and then you have flight to safety here from the tragic events in Israel. So people are being a little bit of cautious here,» said Stan Shipley, managing director and macro research analyst at Evercore ISI in New York. «We probably have seen the peak in rates here as seasonal factors are favorable for lower rates in November and December.

BSP) has released a second list of 17 candidates for the next month's Chhattisgarh assembly elections, taking the tally so far to 26, a party functionary said on Tuesday. Polling for 90 seats will be held in two phases on November 7 and 17. The BSP is contesting the elections in alliance with the Gondwana Gantantra Party (GGP).

Robert F. Kennedy Jr.'s campaign for the Democratic presidential nomination came to an end on Monday. The scion of the first family of Democratic politics launched an independent bid in Philadelphia instead. He said that he wants to heal the political divide. Kennedy compared Republicans and Democrats to teenagers fighting over the steering wheel of an out-of-control car, while both follow a GPS route programmed by lobbyists, according to reports.

(Reuters) — The United Auto Workers (UAW) secured a «major breakthrough» in labor talks with the Detroit Three automakers as General Motors (NYSE:GM) made some concessions by allowing workers at joint-venture battery plants to be covered by union contracts.

World Bank President Ajay Banga said on Tuesday that the Israel-Gaza conflict is an unnecessary global economic shock that will make it harder for central banks to achieve soft landings in many economies if it spreads. «It's a humanitarian tragedy and it's an economic shock we don't need,» Banga told Reuters on the sidelines of the World Bank-International Monetary Fund annual meetings in Morocco. Central banks were «beginning to feel a little more confident that there was an opportunity for a soft landing, and this just makes it harder», Banga said. Banga said there was less immediate economic impact than at the start of Russia's invasion of Ukraine last year because the Israel-Gaza conflict does not impact exports of oil, grains and fertilizers. But it does transmit through financial markets, with dollar assets suddenly rising, he said. Inflation has come down in recent months, prices and wages were stabilizing and markets had become used to the idea that rates would stay higher for longer, Banga said, adding that another prolonged conflict could upset those dynamics. «It's the side effects of all that.

By Anne Kauranen and Terje Solsvik

GVK Coal Developers (Singapore) Pte Ltd and associated companies opened in the High Court here on Tuesday. Judge Dame Clare Moulder presided over the hearing at the Commercial Court division to hear the case brought by Bank of Baroda (acting by its Ras Al Khaimah branch), Bank of India (London branch), Canara Bank (London branch), ICICI Bank Ltd (acting by its Bahrain, Dubai and Off-Shore Banking branches), Indian Overseas Bank (Corporate Branch, India) and Axis Bank Ltd.

Investing.com -- Several Federal Reserve policymakers are due to deliver closely-watched speeches on Tuesday, with investors keen to receive any clues about how a recent spike in U.S. Treasury yields could impact the central bank's interest rate path.

MARRAKECH, Morocco (Reuters) — World Bank President Ajay Banga said on Tuesday that the Israel-Gaza conflict is an unnecessary global economic shock that will make it harder for central banks to achieve soft landings in many economies if it spreads.