Show Financial News
15.08 / 11:33
COST
Fallout
show
country
Latin
Emerging markets crave big bang stimulus with losses growing
China’s yuan extended its losses for a fourth day and erased all of its post-reopening gains even after authorities cut a key interest rate and began considering a stamp-duty reduction for stock trades. But data releases offered further evidence of a failed economic recovery, leaving investors craving for a big bazooka of stimulus rather than half-hearted darts thrown in the dark. Russia witnessed the same reactions.
15.08 / 11:13
UPS
show
track
country
US futures track lower as global stocks weaken
European stocks fell and government bond yields climbed as inflationary fears fueled bets interest rates will stay higher for longer. China’s yuan retreated to its weakest since November after a surprise interest-rate cut.
15.08 / 11:13
COST
Williams
Platform
UBS
show
Backed
UBS to pay $1.4B to settle mortgage-backed securities case
UBS Group AG agreed to pay $1.44 billion to settle a long-running case over US mortgage-backed securities, resolving one of the bank’s largest outstanding legal issues as it works toward integrating Credit Suisse.
15.08 / 11:13
Provident
Aware
show
DC plan sponsors taking more responsibility for employees’ retirement income
Employers offering defined contribution plans to their workers are broadening their focus on financial wellbeing according to a poll from J.P. Morgan Asset Management.
15.08 / 10:45
FIVE
show
country
Explainer
stake
Mint Explainer: BRICS Summit is around the corner. What’s at stake?
BRICS Leaders’ Summit is set to be held from 22 August to 24 August, with leaders from Brazil, South Africa, India and China expected to meet in Johannesburg. Mint looks at what is the agenda. – Leaders of the BRICS nations, minus Russian president Vladimir Putin, will meet in later this month in South Africa for the 15th Summit.
15.08 / 10:27
15.08 / 09:47
UPS
Provident
Booking
Progressive
Aware
show
MahaRERA asks realty developers to set up redressal cells for homebuyers’ issues
Maharashtra Real Estate Regulatory Authority (MahaRERA) has asked realty developers to set up grievance redressal cells to address complaints of their homebuyers. These cells for the developers’ projects are expected to have at least one grievance redressal officer. Compliance with this provision will be an important criterion in the proposed evaluation of projects by the regulatory authority.
15.08 / 09:41
Reuters
Maxim
Fallout
show
country
Russia's rouble remain volatile after central bank's 350 points rate hike
Reuters reported. The Russian rouble, having experienced a depreciation of over 20% against the US dollar since the commencement of the Ukraine conflict, exhibited a 0.2% decline, settling at a rate of 97.82 against the dollar. On Monday, the currency reached a point close to its lowest value in 17 months, reaching 101.75, and briefly exhibited a trading rate of 92.60 on the following Tuesday morning, displaying considerable volatility as market response followed the unexpected intervention by the central bank.
15.08 / 09:41
UPS
Williams
Fox
Duke
show
blues
Kate Middleton looks ‘very much the next queen’, emerges as ‘power behind the throne’: Expert
Also read: Kate Middleton makes late-night calls to Prince Harry; here's what they speak about: Report Kate is often seen in the spotlight now, and she looked great at events like the coronation and Ascot. Many agreed that she looked like the next queen during the coronation. “She is a brand powerhouse whose personal style features recycled luxury labels," said Bullen.
15.08 / 09:35
Target
FIVE
Fighting
CAT
show
country
India showing way to fight climate change: PM Modi
Narendra Modi on Tuesday said India has achieved the green targets it had set for itself much ahead of schedule and has shown the world the way to fight climate change. The country has launched «Life Mission» which aims to stop mindless consumption of resources and formed important international coalitions such as the International Solar Alliance (ISA) and Coalition for Disaster Resilient Infrastructure (CDRI) and International Big Cat Alliance. «The entire world is grappling with climate change.
15.08 / 09:23
COST
Provident
Digital
Citizens
Progressive
show
country
independence day
Independence Day 2023: Missed PM Modi's Independence Day speech today? Here's the full text for you
Narendra Modi while speaking from the ramparts of the Red Fort on the occasion of 77th Independence Day on Tuesday, greeted his 140 crore ‘Pariwarjan’ (Family Members) and noted the trust in the country which is at an all-time high. Addressing the nation on the occasion, he lauded the exemplary contribution of health workers specially Anganwadi workers and ASHA workers for their dedication and persistent efforts in achieving the milestone of over 200 crore Covid vaccinations. “Helping the world during and after COVID has established India as a friend to the world", he further noted.
15.08 / 08:57
Lowe's
show
Investors least bearish since February 2022 - BofA
global investors improved in August to its least bearish since February 2022 with cash allocations falling to a 21-month low, a Bank of America survey showed on Tuesday. The poll of fund managers with $545 billion of assets found that investors remain of the view that global growth will weaken in the next 12 months but expectations improved significantly.
15.08 / 08:43
show
European shares dip as real estate falls offset retail gains
European shares inched lower on Tuesday as declines in real estate stocks amid rising bond yields offset gains in retailers, led by Britain's Marks & Spencer as it raised its profit outlook. By 0720 GMT, the pan-European STOXX 600 index was down 0.1%, with the real estate sector, often considered a bond-proxy, slipping nearly 1% in early trade.
15.08 / 08:17
UPS
CEO
Fighting
Tesla
Meta Ceo
show
elon
NOT
Elon Musk says planned to reach Zuckerberg's home for fight, but Meta CEO not home
Elon Musk and Mark Zuckerberg's cage fight remains, the Tesla CEO on Tuesday said he planned to show up unannounced at Meta CEO's home to fight. However, a spokesperson for Zuckerberg at Meta said in a statement that the boss is currently travelling and isn't in Palo Alto, California. «Also, Zuckerberg takes this sport seriously and isn't going to fight someone who randomly shows up at his house,» the spokesperson added.
15.08 / 08:17
Pinnacle
show
performer
We are enabling Divyangjan to hoist tricolor in Paralympics: PM Modi
Modi on Tuesday said that his government was giving special training to para-athletes to help them win medals in the Paralympics, the pinnacle for specially-abled sportspersons. Addressing the nation from the ramparts of the Red Fort on the 77th Independence Day, Modi also said even children from the slums were showing «might in the world of sports».
15.08 / 07:07
Citi
Digital
Progressive
show
cover
Tianjin, China, Says It Has Processed $1.76bn Worth of Digital Yuan – CBDC Progressing?
The Chinese city of Tianjin says residents and businesses transacted a cumulative total of over $1.76bn worth of CBDC since it joined the digital yuan pilot in 2022.
15.08 / 06:59
UPS
Waters
show
Saudi inflation eases further in July to 2.3%
Saudi Arabia's annual inflation rate eased for a second consecutive month to 2.3% in July from 2.7% in June, government data showed on Tuesday. The rise in prices was mainly driven by an 8.6% jump for housing, water, electricity, gas and other fuels and a 1.4% increase in food and beverages, the General Authority for Statistics said.
15.08 / 05:51
show
Political Donations
Fried
Sam
Sam Bankman-Fried used $100 million in stolen FTX funds for political donations, US says
FTX cryptocurrency exchange to make more than $100 million in political campaign contributions before the 2022 U.S. midterm elections, federal prosecutors said on Monday. An amended indictment accused the 31-year-old former billionaire of directing two FTX executives to evade contribution limits by donating to Democrats and Republicans, and to conceal where the money came from.
15.08 / 05:51
COST
FIVE
Booking
Manufacturing
show
performer
country
Selective in pharma and capital goods; will move to overweight in IT on weakness: Trideep Bhattacharya
Trideep Bhattacharya, CIO, Edelweiss MF, says: “It will probably take the next year for that improvement to come through. But the valuations over the next one or two quarters would be such that they may be good to add.
15.08 / 05:29
Platform
film
love
show
country
audience
Weekend
Ka Ching! Box Office collections may have set a weekend record
box office collection between August 11 and 13, marking the busiest single weekend for the industry post the re-opening of cinemas after the pandemic. The Multiplex Association of India (MAI) and Producers Guild of India (PGI) noted that the ₹390-crore gross box office collection is possibly the biggest ever for a weekend in the industry's history. The two industry bodies also revealed that the weekend drew over 21 million to theatres across the country, which is the highest combined admissions record in the last 10 years.
15.08 / 05:15
UPS
Target
show
country
Unemployment
China skips giving update on surging youth unemployment as economic slump deepens
China’s government has skipped giving an update on a politically sensitive spike in unemployment among young people as official data showed an economic slump deepened in July
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