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Queen Margrethe II of Denmark, recognized as Europe's longest-serving monarch, declared her intention to abdicate on January 14. The throne will be inherited by her eldest son, Crown Prince Frederik. “I have decided that now is the right time.

HONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? The Chinese internet sector has lost more than $1.2 trillion in market value since the start of a regulatory crackdown that has resulted in fines, troubled restructuring attempts and changes to business strategies.

mutual fund house periodically publishes a fact sheet, which provides crucial information about its schemes. Investors need to check this to review the performance and suitability of these schemes vis-a-vis their financial goals.

mutual funds to invest for 5-10 years, not only is the answer straightforward, but the process by which the answer is arrived at is almost self-evident. However, bigger, conceptual problems are not simple to reason. For instance, consider a question like, ‘What should my overall financial strategy be?’ The answer needs to incorporate longterm goals, spending habits, income levels, and family situations into a comprehensive plan that evolves with time.

India recorded a trade deficit with nine of its top ten trade partners in the first seven months of 2023-24, with the US being the only country with which exports exceeded imports. India's trade surplus with the US — its largest trading partner — was $19.59 billion in the April-October period, show data from the commerce and industry ministry. However, with China, the second largest partner, the deficit was a whopping $51.11 billion, followed by a $33.56 billion gap with Russia, the fourth largest trade partner of India.

₹10,000 crore—more than $1 billion (about ₹8,300 crore) —and I don’t think we’ll need to take that figure up further. Will local electronics manufacturing in India need concerted efforts to create a component supply chain now, given that we’re assembling a sizeable amount? Even China, which controls 70-72% of the global value chains (GVCs), makes a value addition that is in the low two-digits. Even they, for exports exceeding $1 trillion, import $650-700 billion in components.

The Dogs of the Dow is a popular strategy getting much attention now that the year-end is here. The theory assumes that this year’s losers will be next year’s winners, which is often true. Dow Dogs offers value and above-average yield, with Walgreens Boots Alliance Inc (NASDAQ:WBA) being a primary example. Walgreens is 2023’s worst-performing Dow stock, down 30% YOY but now trading at a deep value while paying more than 7% in yield. The value and yield alone are an attractive force, add in the new CEO, a potential sale of Boots and the outlook for turnaround, and it’s a viable if speculative investment for income seekers.

In the coming year, we will see not greater multipolarity, but greater bipolarity. China has replaced Russia as America’s main competitor in a new cold war that is less about ideology and more about markets and technology. The $18 trillion Chinese economy has already overtaken that of all 27 European Union countries combined, and China is the largest trading partner to more than 120 countries.

Geopolitical pressures and other non-economic factors have put the global economy on a path towards fragmentation. Beyond its inherent risks, this trend will not only have profound implications for economic stability and growth but also could jeopardize efforts to combat climate change. Heightened geopolitical tensions, especially the escalating rivalry between the United States and China, are the primary catalyst of fragmentation.

₹66,135 crore in December stand at a record high for any month, as per National Securities Depository Ltd (NSDL), while exchange data shows DIIs bought net ₹12,942 crore worth of shares during the month. The same data for BSE and NSE shows clients sold shares worth ₹14,633 crore in December. On an annual basis, too, while FPIs purchased a record ₹1.71 trillion worth of shares in calendar year 2023 and DIIs bought ₹1.85 trillion, clients sold ₹72,921 crore worth of shares in the secondary market.

NIA) scaled up its crackdown against terror networks this year, conducting over 1000 raids after registering 68 cases and arresting 625 accused across the country, an official said on Sunday. The anti-terror federal agency also achieved a stupendous 94.70 per cent conviction rate with 74 accused sentenced in various cases, the official said.

engineering exports to Australia reached USD 944 million in April-November 2023-24, a 3 per cent increase. However, imports from Australia also saw a significant 30 per cent upswing during the same period. India's engineering imports from Australia reached USD 355.02 million during April to October 2023-24.

Apocryphally, when one European diplomat in the Napoleonic era heard of the death of another, he responded by saying “I wonder what they meant by that?”. On hearing that some Deutsche Bank traders have had their gardening leave periods shortened from three months to one, people on Wall Street are likely to have had a similar response. 

The sizzling new meme coin Chimpzee ($CHMPZ)  wrapped up its $2.7M presale a few weeks back.

Gautam Adani's sprawling conglomerate has raised over USD 5 billion (Rs 41,500 crore) in equity and a double of that in debt this year as the apples-to-airport group made a comeback since being hit by a bombshell short seller report. Adani, who was the world's second-richest man at the start of the year, saw almost USD 60 billion of his personal wealth erased after Hindenburg Research in a January 24 report accused his group of market manipulation and accounting fraud. The group denied all allegations and reworked its strategy, fueling a comeback that now has the tycoon some USD 36 billion short of where he started the year and two notch and USD 12 billion shy of rival billionaire Mukesh Ambani.

The Nifty 50 index closed 0.22% lower at 21,731 points, while the Sensex settled 0.23% down at 72,240 points — both only slightly shy of the record highs hit in the previous session. The Nifty has jumped over 20% in 2023 and the Sensex has risen nearly 19% to log their best years since 2021 and second-best since 2017, fuelled by sustained domestic mutual fund inflows, the return of foreign buying, better-than-expected macroeconomic growth and steady corporate earnings. Here's how analysts read the market pulse: «Immediate support is observed around 21600, followed by 21500, while strong support lies around the week's low around the 21300 mark. Although prices are in uncharted territory with no prominent resistance visible, 21850 followed by 22000 presents an immediate hurdle, considering the overbought conditions.

The S&P BSE Sensex fell more than 170 points while the Nifty50 managed to hold on to 21,700 levels on Friday. Sectorally, buying was seen in telecom, auto, FMCG, and utilities while selling was visible in oil & gas, energy and public sector stocks. Stocks that were in focus include names like Tata Motors which rose more than 3% while Kalpataru Projects International Ltd closed with gains of over 7% to hit a fresh 52-week high on Friday.

retail sector is likely to face another quarter of slowdown as most of them have reported flat to low single digit same store sales growth during Q3FY24, according to ICICI securities. This is primarily due to the lower footfall during the peak season, impact of world cup during weekends and late onset of winter season. As a result, most brands have kicked-off end of season sale offering upto 65% discount, 2 weeks early in December 2023 against normal one month EOSS window in January.

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India and the UAE is scheduled to take place in Rajasthan from January 2 to January 15. As reported by ANI, the joint manoeuvres during 'Desert Cyclone 2024' aim to boost interoperability through the exchange of knowledge and best practices in urban operations.

yuan by orchestrating buying by state banks and giving market guidance to bankers. The strategy of moral suasion marks a sharp break from Beijing's approach the last time the currency was on the ropes, in 2015. Back then, the People's Bank of China (PBOC) resorted to official intervention as the central bank burned $1 trillion in reserves to shore it up. This year, as China's economy wobbled and money left the country, the PBOC took a starkly different approach, defending the currency by signalling to markets what kind of selling it would and would not tolerate. Interviews with 28 market participants show at least two dozen cases where regulators closely and frequently steered market participants through a range of co-ordinated actions this year to resist strong downward pressure on the yuan. The PBOC and State Administration of Foreign Exchange, the currency regulator, did not respond to Reuters' faxed questions about its approach.