President Financial News

Investing.com — The U.S. dollar rose Tuesday, climbing to 10-month highs after bond yields soared to 16-year peaks amid growing expectations that U.S. interest rates will rise further this year.

Investing.com — European stock markets largely retreated Tuesday, as investors fretted on the prospect for a period of elevated interest rates, creating economic uncertainty.

TikTok, the hugely popular video-sharing app that some in both parties allege is a potential spy mechanism for China. But entrepreneur Vivek Ramaswamy recently became the first 2024 candidate to join the platform, which says it has over 150 million U.S. users. That's even as he's accused Beijing of pushing TikTok as "digital fentanyl" to Americans and wants the app banned entirely.

Also read: ‘Empty houses everywhere': Former Chinese official's rare public critique on China's economy Evergrande's main domestic unit, Hengda Real Estate Group, said in a Shenzhen stock exchange filing late on Monday it had failed to pay the principal and interest for a 4 billion yuan ($547 million) bond that was due by 25 September. (Exciting news! Mint is now on WhatsApp Channels: Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Hengda said it will actively negotiate with bondholders in a bid to reach a solution as soon as possible while working to resolve the debt risks and safeguard creditors' rights and interests.

China appears to woo the `Global South’ following the success of India’s G20 Summit where New Delhi gave leadership to the ‘Global South’. The Indian government is today at the forefront of providing leadership to the Global South and New Delhi’s leadership has been acknowledged globally. China has become hyper-active about the Global South and related developments.

Canada's parliament honours a man who fought for Nazis, Speaker apologises later Speaking to reporters on Monday, Trudeau said (as quoted by ANI), "It's extremely upsetting that this happened. The Speaker has acknowledged his mistake and has apologized.

Click here! Congress leader Jairam Ramesh also wished the party’s veteran leader and said “Today Dr. Manmohan Singh turns 91. He has always been an outstanding symbol of erudition and learning.

₹30 apiece levels on NSE, this PSU bank share has risen to the tune of 165 per cent in these 15 months. However, it seems that the sate-owned bank has more steam left in it. PNB share price today opened upside and went on to hit new 52-week high of ₹81.35 apiece on NSE, logging around 40 per cent rise in YTD.

BEIJING — Europe has launched an investigation into Chinese electric vehicle subsidies, but no assumptions should be made about the probe's outcome, the head of trade for the European bloc's executive branch said Tuesday.

China is willing to play a «constructive» role in the success of the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, its top diplomat said on Tuesday, after President Xi Jinping's absence at the annual Group of 20 summit in India. «As the world's largest developing country and an important member of APEC, China is willing to comply with the expectations of the international community and play a constructive role in the success of APEC this year,» said Chinese Foreign Minister Wang Yi. Xi, with no official explanation, did not go to the G20 summit in New Delhi this month, with the Chinese premier, Li Qiang, attending in his place. That prompted the United States to say China was «giving up» on the G20 and was building an alternative world order. «Of course, we and all parties hope that the United States will recognise its responsibility as the host, demonstrate openness, fairness, inclusiveness, and responsibility, and create better conditions for the smooth holding of the meeting,» Wang said at a news conference, when asked whether Xi would attend APEC. Dialogue between China and the United States has been gradually resuming despite tensions between the two superpowers, especially over Taiwan.

(Reuters) — Moscow and Washington have accused each other of destabilising the South Caucuses region, as thousands of ethnic Armenians fled their homes in Nagorno-Karabakh over ethnic cleansing fears.

Investing.com-- Gold prices fell in Asian trade on Tuesday, facing consistent pressure from a stronger dollar and higher Treasury yields as Federal Reserve officials reiterated the bank’s outlook for higher interest rates. 

Tamil Nadu.Who is protesting and why? Farmer bodies, Kannada organisations, and opposition parties have called for a 'Bandh' today in the city to protest against the order of the Cauvery Water Management Authority (CWMA) directing the state to release 5000 cusecs of water to its neighbouring state, Tamil Nadu, for 15 days, effective September 13. Protests have been planned at Freedom Park, Raj Bhawan, and Town Hall by pro-Kannada organisations. However, the Police Commissioner warned that protests would only be allowed in Freedom Park.All political parties extend support Speaking on the bandh, BJP leader C T Ravi said, «Our State Party Chief and BS Yediyurappa declared support.

₹129.70 against the previous close of ₹127.35 and soon rose over 2 per cent to the level of ₹130.05 on BSE. Moody's Investors Service, a global rating agency, on Monday (September 25) upgraded the corporate family rating of Tata Steel from ‘Ba1’ to ‘Baa3’ and changed the outlook to ‘stable’ from ‘positive’.

BJP) fielded him in the upcoming Madhya Pradesh Assembly elections, party's national general secretary Kailash Vijayvargiya on Monday said that the central leadership's decision was «surprising» and that he will do whatever they say. The BJP leader has been fielded by the party from Indore-1 constituency for the Madhya Pradesh Assembly election, slated to be held later this year. While speaking to ANI, on the development, Vijayvargiya said, «This is the party's order. I was told that I would be assigned work that I would not say 'no' and I would have to do it.

Minneapolis Federal Reserve Bank President Neel Kashkari on Monday said that given the surprising resilience in the U.S.

Swara Bhasker and politician-husband Fahad Ahmad have become parents to a baby girl. The baby was born on Saturday and the couple has named her Raabiyaa. Bhasker, known for films such as 'Nil Battey Sannata' and 'Veere Di Wedding', shared the news on her official Instagram page. «A prayer heard, a blessing granted, a song whispered, a mystic truth… Our baby girl Raabiyaa was born on 23rd September 2023.

Sabry on Monday said that terrorists have found safe haven in the North American country and Prime Minister Justin Trudeau has this way of coming out with outrageous allegations. While speaking exclusively with ANI, the Sri Lankan Foreign Minister further added that he is «not surprised» by his comments as Trudeau comes out with «outrageous and substantiated allegations.» «Some of the terrorists have found safe haven in Canada. The Canadian PM has this way of just coming out with some outrageous allegations without any supporting proof.

Khalistan supporters outside the Indian Consulate in Vancouver held a protest against the killing of Khalistterrorist Hardeep Singh Nijjar amid Canadian Prime Minister Justin Trudeau's allegations that the Indian government was behind his slaying. Protesters waved Khalistan flags, played music and shouted slogans. Some of them burnt India's flag in a garbage can outside the Indian Consulate.

Investing.com-- Most Asian stocks retreated on Tuesday as the prospect of higher U.S. rates weighed on the technology sector, while persistent concerns over a Chinese economic slowdown also kept investors wary of regional markets. 

By Ann Saphir