Rights Financial News

Subscribe to enjoy similar stories. “The concept of risk is completely invented to ensure that investment doesn’t come to Africa," Gagan Gupta told an audience of investors and entrepreneurs earlier this year, to resounding applause. Mr Gupta, whose firm works on logistics and utilities across Africa, is optimistic about the continent and scathing about outsiders’ ability to assess it.

Laurence Balanco, CLSA, says for him, the three big trades for 2025, which could have a shelf life of 8 to 12 months are Bitcoin, the fintech ETF where we can see a breakout trend and the travel tech ETF, which has also recently broken out. These are major breakouts from basing patterns that have developed over the past two-and-a-half years. How much more for the dollar before it peaks out? I understand that money is moving into dollars right now, but nothing lasts permanently. At 106, 110, 115, where will the dollar find its long-term peak? Laurence Balanco: Yes, it is an important level right now, 106 to 107. It has basically been the top end of the trading range that we have had since the late 2022 lows and if I look at the sentiment now for the dollar index, it is sitting at 83% bulls, that is towards the extended level where we have typically seen the upside momentum stall out at. So, this is a key resistance zone that has capped the upside over the past 18 months. We would look for some hesitation here at least.

The former interim chair of Alberta Investment Management Corp. has written a letter to the Alberta cabinet minister who fired him last week to dispute what he calls an “incorrect narrative” and “misinformation” about the performance of the asset manager and Crown corporation.

The company's net revenues stood at Rs 965 crore, a 44% growth QoQ and a 25% increase YoY. The company’s real estate collections during the quarter amounted to Rs 1222 crore, highlighting a healthy cash flow.

Canadian pensions are underinvested in the country’s public markets, starving domestic companies of capital and exposing them to foreign takeovers, says the head of capital markets at Desjardins Group.

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A Federal Reserve official has given a lengthy defense of the central bank's political independence

An association of editors and rights groups has condemned a decision by Bangladesh’s interim government to cancel press accreditations for 167 journalists, calling it a threat to press freedom in the country

LISBON, Portugal — It's a tough time for the venture capital industry right now as a dearth of blockbuster initial public offerings and M&A activity has sucked liquidity from the market, while buzzy artificial intelligence startups dominate attention.

For Indian consumers, gold is not just an asset but a cultural staple, deeply ingrained in weddings, festivals, and as a safeguard against economic uncertainty. With gold prices trending lower, those who have weddings lined up in their families are keenly observing this opportunity. «Enquiries at stores have increased due to price fall. We are expecting higher footfalls for upcoming wedding seasons,» said Suvankar Sen, MD & CEO, Senco Gold and Diamonds.

United Nations and other international organizations are bracing for four more years of Donald Trump, who famously tweeted before becoming president the first time that the 193-member UN was «just a club for people to get together, talk and have a good time.» In his first term, Trump suspended funding for the U.N. health and family planning agencies, withdrew from its cultural organisation and top human rights body, and jacked up tariffs on China and even longtime U.S. allies by flaunting the World Trade Organization's rulebook. The United States is the biggest single donor to the United Nations, paying 22% of its regular budget. Trump's take this time on the world body began taking shape this week with his choice of Republican Rep. Elise Stefanik of New York for US ambassador to the UN. Stefanik, the fourth-ranking House member, called last month for a «complete reassessment» of US funding for the United Nations and urged a halt to support for its agency for Palestinian refugees, or UNRWA. President Joe Biden paused the funding after UNRWA fired several staffers in Gaza suspected of taking part in the Oct 7, 2023, attack led by Hamas.

Laurence Balanco of CLSA says Nifty has completed this topping pattern that had formed between August and October – the classic head and shoulders reversal – and that still gives a downside target around 22,800. The midcap sector has also rolled over from the rounding topping pattern that we have had for the past six months and not yet met the minimum downside targets. There is no evidence of slowing in downside momentum and the relative underperformance continues. Be patient and wait for those opportunities to develop. Balanco also says that while we have been down for roughly a quarter, the consolidation can take another quarter. So, this is a process of three to six months which will give us a platform for a resumption of the longer-term uptrend. Let us understand the way the world is getting divided. There is an emerging market basket which is moving lower and then there is a developed market basket which is moving higher. I am mainly talking about the US market here. Do you think there is a sizable disconnect between what the developed markets are doing versus where emerging markets are moving? Could that extend for another quarter or so? Laurence Balanco: It is quite interesting.

Denmark’s royal court says it will phase out a labeling system dating to the 1800s that grants companies the right to use the image of the Danish crown on their letterhead, packaging and labels

A federal judge has denied an effort to temporarily block enforcement of a constitutional amendment Arkansas voters approved that revokes the state's license for a planned casino

Italy's president has sharply rebuked Elon Musk

Seventy years since the last professional women’s baseball league, another one hopes to give women a chance to shine in baseball

The Houston Astrodome has been in limbo, waiting for its chance at a second life since being shuttered more than 15 years ago

Greg Maffei is stepping down as president and chief executive of Formula 1 owner Liberty Media

The end of the year is often the best time to buy a car

Rashid Latif says if had the power he would not let Pakistan play against India in any tournament and also suggested that ICC should not grant the hosting rights of global events to both countries until they resolve their issues. The BCCI has refused to send its team to Pakistan for the upcoming Champions Trophy and there speculation that the entire tournament could be moved out of the country. The Pakistan Cricket Board (PCB) has written to the International Cricket Council (ICC) asking for a written confirmation from the BCCI for India's inability to travel to Pakistan for the tournament. «There's a big possibility that Pakistan can stop playing cricket against India. Had I been in power, then, yes, I may have taken this strong step. I would not blame anyone for this. If you don't want to play (in Pakistan), then don't play against us (at all),» Latif, known for his plain speak, told PTI Videos.

A hacking group that is believed to be Chinese state-sponsored has compromised two websites with ties to the Tibetan community in an attack meant to install malware on users’ computers