Reports Financial News

By Huw Jones

Digital asset investment products witnessed outflows of $16 million last week, putting an end to an 11-week streak of consecutive inflows.

United States Steel Corporation (NYSE:X), commonly known as U.S. Steel, is being acquired by Nippon Steel, the two companies confirmed today.

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ATB Capital Markets received a mandate to sell the remaining assets of Canadian hedge fund Traynor Ridge Capital Inc., which collapsed after the sudden death of its founder.

The Canadian government is poised to pass rules requiring all new vehicles sold in the country to be zero-emissions by 2035, according to news reports.

India stands out as the top remittance recipient, showcasing the evolving dynamics in this financial landscape. Remittances to LMICs grew by an estimated 3.8% in 2023, totaling USD 669 billion. Resilient labor markets in advanced economies and Gulf Cooperation Council (GCC) countries played a crucial role in supporting migrants' ability to send money home. Want to know if you qualify for immigration? Click here The report suggests a potential risk of a decline in real income for migrants in 2024 due to global inflation and low growth prospects. In South Asia, remittance flows to India experienced notable growth, contributing to the region's overall positive trend.

Kerala. Increased tests among those with such symptoms and suspected cases, and heightened surveillance in border districts are among the measures that the officials have been instructed to take up, Health Minister Dinesh Gundu Rao told reporters here. The situation is being continuously monitored, and there is no need for any restriction on movement and gathering of people as of now, he said, adding, the Government would come out with an advisory.

Gyanvapi mosque complex in the district court which scheduled the next hearing on December 21. Advocate Madan Mohan Yadav, who is representing the Hindu petitioners, said, «The report in sealed cover was placed before the court by the ASI's standing counsel Amit Srivastava.» Four senior officials of the ASI were also present in the court.

Lok Sabha on Monday for disrupting the proceedings, PTI reported. Congress leader in the House Adhir Ranjan Chowdhury, DMK MPs T R Baalu and Dayanidhi Maran, and TMC's Saugata Roy are among the suspended members.

Pinarayi Vijayan and the CPI(M)'s student outfit SFI, Kerala Governor Arif Mohammed Khan on Monday called them «bullies» and said he was «not going to be frightened» by them. The Governor referred to the CM as «a bully» while responding to a query from reporters regarding Vijayan's statement a day ago that Khan was 'attempting to destroy' the peace in the southern state by making provocative statements. «You know his (Vijayan's) history? How many murder cases he is involved in? What will a bully say? How am I provoking? If I nominate CPI(M) people to the senate, then it is ok?» Khan asked. He also referred to the Students' Federation of India (SFI) activists as bullies. «If they want to hurt me, they are most welcome. I am asking, come here. If you want to hurt me, come here.

IndusInd Bank and IT companies such as Infosys. Meanwhile, among the top picks are also Hero MotoCorp, Piramal Enterprises, and Zomato (being a new addition to the list). Going ahead, the brokerage predicts a turning point in the rate cycle, with the Fed's dovish comments indicating three rate cuts in CY24.

The press is reporting that the Biden Administration is contemplating the use of military force in response to continuing attacks on commercial shipping by the Houthi militia in Yemen. It’s about time. The Houthi missile attacks pose the most significant threat to global shipping in decades, and they will continue unless a global coalition unites to stop them.

Israeli hostage abducted from music festival found ‘murdered in captivity’ In 2022, the Gonjeshke Darande group hacked a major steel company in the southwest of the country. A cyberattack on Iran’s fuel distribution system in 2021 paralyzed gas stations across the country, leading to long lines of angry motorists. The hacking group claimed responsibility for the attack on fuel pumps.

first information report (FIR) was filed against Chairman Sajjan Jindal by a Mumbai woman, accusing him of rape. However, the chairman of the steel-to-power conglomerate has denied the allegations. "Mr Sajjan Jindal denies these false and baseless allegations.

credit cards low—and the credit agencies in the dark. “Afterpay doesn’t report to Equifax," Rodriguez, 31, said. “That was very appealing to me." Consumers are shifting more of their spending to so-called buy now, pay later lenders, a trend that is only accelerating as high interest rates dent budgets and pandemic savings dry up.

Indian Meteorological Department (IMD) has issued red alert over South Tamil Nadu today i.e. on 18 December. As per IMD, “Heavy to very heavy rainfall with extremely heavy falls (above 204.4 mm) is likely to continue over South Tamil Nadu on December 18." Chief Secretary Shiv Das Meena informed reporters on Monday that the rains and flooding were unprecedented and that the Army, Navy, and Air Force had been called upon for assistance.

Top M&As in 2023: In 2023, the Indian business landscape underwent a radical metamorphosis fuelled by a record-breaking M&A spree. The year witnessed a staggering 72 per cent increase in deal volume compared to 2022, according to Deloitte's findings. The total value exceeded a colossal USD 150 billion, according to Bain & Company.

Zuari Industries (ZIL), the holding company of the well-established and diversified Adventz Group, spiked 4.8% in today's trade, reaching a new 52-week high of ₹217.60 apiece. The stock has demonstrated significant gains in the last four weeks, gaining 40.36%. It is worth noting that the stock has zoomed 101.4% from its March 2023 low of ₹104 apiece to trade at the current market price of ₹209.55.