Strategy Financial News

BSE Sensex closed above 20,000 on 11 December 2007. By October 2008, the retiree would have notionally lost more than 60% of their equity corpus when the Sensex plummeted below 8,000. This risk, wherein negative market returns occur early in retirement or even during the last leg of working years, impacting the longevity of retirement savings, is known as sequence of returns risk.

The Conference of the Parties to the UN Framework Convention on Climate Change finished its 28th session (CoP-28) later than scheduled, but creating a strong hope that the world would have a better chance of mitigating the climate impact of human-induced emissions of greenhouse gases. There were many announcements made in the two weeks of the Conference.

This week's Federal Reserve meeting is likely to mark a substantial turning point for policymakers who have spent the past two years battling runaway inflation.

Danish fintech firm Pleo has appointed a new chief financial officer, the company told CNBC exclusively, beefing up its executive team — a sign the company is readying itself for an eventual initial public offering.

A Step Into the Cryptocurrency Market

Adesh Kumar Gupta has decided to quit as the non-executive, non-independent director of entertainment giant Zee Entertainment Enterprises Limited (ZEEL) ahead of the company's annual general meeting (AGM) on December 16. In a stock market filing, the company said it had received a letter from Gupta informing it of his intention not to continue as a director of the company after the AGM. ZEEL added that Gupta will cease to be a member of the Audit Committee and the chairman of the Risk Management Committee and Stakeholders Relationship Committee of the board after the AGM. Gupta was appointed as a non-executive director at the AGM held in 2022 and is liable to retire by rotation. ? «I have communicated from time to time that owing to personal reasons and commitment, I regret that I will not be able to continue as the director of the company after the ensuing Annual general Meeting (AGM),» Gupta said in a letter to the ZEEL board. ZEEL's FY23 annual report states that one of the ordinary businesses that will be transacted at the AGM is to appoint a director in place of Gupta, who retires by rotation and, being eligible, offers himself for re-appointment. «Accordingly, I withdraw my re-appointment as director of the company at the AGM,» Gupta said, adding, «I wish a great success to the company and hope the pending merger with Sony will be completed at earliest.

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Bank of Nova Scotia plans to add hundreds of financial advisers to boost sales of mutual funds and investment products, part of a sweeping overhaul by the new management team to improve shareholder returns.

Scotiabank chief executive Scott Thomson says the bank is increasing its focus on North America and wealth management as part of its new growth strategy.

BNY Mellon Wealth Management head of equities Alicia Levine and Simplify Asset Management chief strategist Mike Green discuss whether the Fed's inflation strategy is working on 'Making Money.'

Bill Miller, an American investor, fund manager, and philanthropist, remains relatively overlooked in the realm of investing, despite his remarkable achievement of outperforming the S&P 500 index for an unprecedented 15 consecutive years while at the helm of Legg Mason Capital Management Value Trust. Naturally, this significantly surpassed any benchmark by orders of magnitude. However, his choice to invest in Bitcoin led to a decline of over 70 per cent in his fund over 18 months. 

Fixed Deposit (FD) is one of the most popular ways of investment in India. Apart from ensuring a guaranteed return and offering higher interest rates than savings accounts, FDs also offer income tax benefits. At present, some of the banks, apart from small finance banks are offering lucrative interest rates. DCB Bank is offering the highest FD interest rate of 8% to general customers. Well, personal finance experts believe that the regime of high bank FD interest rates, which kickstarted in May 2022 after the Reserve Bank of India (RBI) raised interest rates six times continuously, may not last for long. 

Tax-еfficiеnt invеsting is a critical componеnt of long-term financial planning. Personal finance experts say that by carefully managing your tax liabilitiеs, you can еffеctivеly maximisе your invеstmеnt rеturns and achiеvе your financial goals morе еfficiеntly.

In the dynamic landscape of India's economy, where inflation and fluctuating market trends are becoming the norm, savvy personal financial planning has become more crucial than ever. It's not just about saving money; it's about strategic financial manoeuvring. This article explores a three-pronged approach: establishing a reliableemergency fund, adopting innovative savings techniques, and diversifying investments.

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Bank of Nova Scotia plans to go after a larger share of customers’ wallets as it refocuses its business on North America, shifting capital away from operations in Latin America that have delivered poor returns.

The arrival of a U.S. investment strategy that offers amped-up stock leverage is putting a spotlight on an industry popular with retail traders, but prone to extreme volatility and frequent blow-ups.

The Bank of Nova Scotia will reallocate capital from developing markets to developed ones, prioritizing Canada, the United States and Mexico in that order, as it seeks to bolster profitability and shareholder returns, chief executive Scott Thomson said Dec. 13 as he unveiled a much-anticipated strategic update.

In recent years, North Korea has notably intensified its cyber operations, particularly targeting the cryptocurrency industry. This strategic shift emerged around 2017 when the country's cybercriminal activities, previously focused on traditional financial institutions, pivoted towards the burgeoning field of digital currencies. The impetus for this change was likely due to the increased scrutiny and enhanced cybersecurity measures adopted by banks and financial institutions following a series of high-profile heists, including the infamous Bangladesh Bank robbery, according to Recorded Future .

Circle, a leading issuer of stablecoins, has recently addressed and strongly refuted allegations regarding its involvement in illicit financing and alleged connections with Justin Sun, the founder of Tron. These claims, brought forward by the nonprofit watchdog organization, Campaign for Accountability (CfA), prompted Circle's Chief Strategy Officer and Head of Public Policy, Dante Disparte, to write a formal response to U.S. Senators Elizabeth Warren and Sherrod Brown.

Dear Strike Finance Community,