Show Financial News

By Wayne Cole

Investing.com-- Gold and copper prices fell to their weakest levels in a month on Monday, coming under pressure from a stronger dollar as rising U.S. inflation pushed up concerns over higher interest rates. 

Investing.com-- Oil prices fell slightly on Monday, coming under pressure from a stronger dollar amid signs of resurgent U.S. inflation, while concerns over slowing Chinese growth also dented sentiment.

Investing.com-- Most Asian stocks sank on Monday, with Chinese indexes leading losses on persistent concerns over slowing economic growth, while stronger U.S. inflation readings also pushed up fears of a more hawkish Federal Reserve.

Jonathan Schiessl, Deputy CIO, Westminster Asset Management, says “the FMCG side of ITC’s business has always been theITCdarling of the business that will grow one day and become a huge side. Yes, it is clearly a big business. Clearly, it has been accelerating momentum but it is a very competitive space.

Also Read: Kashmir: No restrictions on Independence Day as people get enthusiastic for ‘Meri Maati Mera Desh’ campaign The Commissioner conveyed that there would be no restrictions on August 15 across the entire Kashmir valley, and internet services would remain operational, ensuring that people can engage with the 'Meri Maati Mera Desh' campaign without hindrance. He noted the public's enthusiastic participation in the campaign, interpreting it as a positive indication.

Chandrayaan-3 orbit LIVE updates: The Indian Space Research Organisation (ISRO) has noted that Chandrayaan-3 is progressively approaching the Moon, with the upcoming lunar orbital manoeuvre scheduled to take place between 11:30 am and 12:30 pm IST on Monday.“Even closer to the moon’s surface. Chandrayaan-3's orbit is reduced to 174 km x 1437 km following a manuevre performed today. The next operation is scheduled for August 14, 2023, between 11:30 and 12:30 Hrs.

Nifty are likely to open lower on Monday amid weak global cues as Asian markets are mostly trading in the red. The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading lower at 19,449 level as compared to Nifty futures’ Friday’s close of 19,503.

Also Read: Niger coup: Residents brace for worst as deadline of military action by West African nations arrives Since the day of the coup, Bazoum, along with his son and wife, has been confined within his presidential residence. “Military leaders said they had not taken over Bazoum's residence and that he was still free to communicate with the outside world. Bazoum had received regular visits from his doctor", they said.

Tehreek-e-Insaf (PTI) Chairman Imran Khan from office through a no-confidence vote. PM Sharif started his farewell address by announcing that he was handing over the responsibility of running the nation to a caretaker government after the conclusion of his government's 16-month tenure, according to a report published by Dawn. PM Sharif's farewell address came ahead of Pakistan's Independence Day which is celebrated on August 14 every year.

Apple says the federal government’s plan to regulate its payment services is a dangerous overreach and is being driven by the self-interested misrepresentations by major banks about how the iPhones work.

Deutsche Bank has settled the loans it extended to Go Airlines out of court with its promoters Wadia Group, people aware of the development said. Go Airlines, which operated Go First Airlines, is undergoing voluntary liquidation. Last week, Deutsche Bank conveyed to its resolution professional Shailendra Ajmera and lenders that it wants to relinquish itself as a member of the committee of creditors (CoC) since it has separately settled its debt with the promoter, people cited above said. Exit of the German bank will not have any impact on the debt resolution or recovery of dues, a senior consultant told ET. The RP, backed by EY, recently extended the date to submit expressions of interest from potential bidders for the distressed airline by a month to September 8. A Go First spokesperson in a statement said, “We are not aware of settlement of any such loan. However, Britannia Industries is no way involved with Go First directly or indirectly for any loans provided.” Deutsche Bank and Ajmera declined to comment. According to the initial list of claims filed by creditors on June 8, Deutsche Bank had filed Rs 1,365 crore-claims which were classified as unsecured creditors.

Netflix's August 2023 line-up brings an array of new content, including movies, series, specials, and games, both Originals and licensed titles. Below is a summary of the incoming offerings.

Lionel Richie and Earth Wind & Fire canceled their Madison Square Garden show on Saturday. The show was sold-out and was supposed to start at 7:30 PM ET. However, it was postponed an hour after it was supposed to begin. Lionel Richie blamed the cancellation on bad weather. He said he couldn't fly into New York because of the poor weather conditions. Around 20,000 people were waiting for the show to start. Many of them had come from out of town and had already spent money on travel and hotel expenses. Lionel Richie tweeted about the situation at 8:31 p.m. He said, «Due to severe weather and being unable to land in the NY and surrounding areas, I’m unable to make it to the show tonight.» He also announced that the show would be rescheduled for Monday, August 14. He expressed his disappointment and said he was looking forward to performing for everyone. He also mentioned that tickets for the canceled show would still be valid for the rescheduled show on Monday. Earth Wind and Fire were also part of the show. They are now set to perform at the Hartford HealthCare Amphitheater in Bridgeport, Connecticut, on Monday. It's not clear if they will be able to make it to the rescheduled show in New York.

Neeraj Khemlani, CBS News chief, has announced his exit from the company. In a communication to CBS staff, he revealed his plans to embark on a new phase, engaging in a multi-year, multi-platform arrangement with the corporation. This agreement will involve the development of various forms of content, including documentaries, scripted series, and books for Simon & Schuster.

IRNA, “Fars Deputy Governor Esmail Ghezel Sofla described the attacker as a Takfiri element and said the person had been arrested and is being interrogated by judicial authorities." In Iran, the term ‘takfiri’ is referred to jihadists or proponents of radical Sunni Islam. Early media reports said that the attacker had opened fire at people after being confronted by security guards at the gates of the shrine. The wounded were transferred to medical centres and are undergoing treatment, said the media reports.

The Tax Office has admitted paying out more than $1.6 billion in fake GST claims as part of a $4.6 billion fraud based on a simple scheme promoted on social media platform TikTok – a total that is twice previous reports and the biggest tax fraud in Australian history.

World Championships provides players with an opportunity to acquire special codes for exclusive Timed Researches. These Timed Researches are specific to each day of the championship, offering distinct challenges and rewards. To fully grasp the process of obtaining and redeeming these codes, follow the guide below.

Vanna White has held the co-host position on Wheel of Fortune, setting a record as the longest-serving game show hostess in American TV history. Renowned for her elegant presence and adept wheel-spinning finesse, she has become an iconic figure on the show. Yet, her recent absence has ignited speculations about her departure from the show she has graciously hosted for over forty years.

Billions are gearing up for an eagerly anticipated final season. As the storyline reaches its climax, viewers are preparing to bid farewell to the show that has captivated audiences with its intricate plotlines and compelling characters. The seventh season, though, offers a reprieve for the devoted audience, with a unique release schedule that will keep them engaged for weeks to come.

China's economy is showing little sign of a rebound, with fresh stress in the property market and deflation threatening the growth outlook. Official data on Tuesday will likely show modest gains in industrial output, retail sales and fixed-assets investment in July from a year ago, although growth rates are still well below pre-pandemic levels. Real estate investment probably shrank further, with confidence shaken by a possible default by a major developer and housing sales continuing to fall as well.