UPS Financial News

According to a UBS survey of reserve managers from 40 central banks, around 37% of respondents argued risks coming from «unsustainable government debt levels» have grown in importance in the last year, up from 14% a year before. Around 46% of those interviewed said they are worried debt sustainability issues could lead to a decline in demand for government bonds. However, the number of respondents concerned about the risk of a global economic recession has dropped significantly, from 56% in 2023 to only 13% in 2024. Geopolitical conflicts remained the main concern for many responde...

The world’s largest asset manager has just gotten much bigger.

MUMBAI: Nielsen Media, a global major in audience measurement and analytics, has picked up an office space spread over four floors in a commercial complex in Mumbai’s western suburb Goregaon through a long-term lease of over 10 years. The total rental outgo for the company for the over 152,000 sq-ft office space in commercial tower Oberoi Commerz III, part of larger layout Oberoi Garden City, will be more than Rs 465 crore over 10 years without factoring in any rental escalation. The agreement includes a clause to escalate lease rentals by 15% every three years and a five-year lock-in period.

Lupin announced on Monday that it has divested its US commercial women’s health specialty business to Evofem Biosciences, a US biopharmaceutical company focused exclusively on women’s health. Lupin’s US Commercial Women’s Health Specialty Business is primarily focused on commercializing Solosec (secnidazole) 2g oral granules. This FDA-approved single-dose antimicrobial agent provides a complete course of therapy for the treatment of bacterial vaginosis (BV) and trichomoniasis, two common sexual health infections. Under the terms of the deal, Lupin can receive a potential total consideration of up to USD 84 million based on future contingent milestones.

The U.S. and Europe would love to cut their dependence on China for rare earths. Standing in the way of that ambition are low prices and Beijing’s willingness to throw its weight around to keep the market down.

Record immigration caused the population of England and Wales to rise by 610,000 to 60.9 million in mid-2023, the largest annual increase in 75 years, official data showed on Monday. What statisticians term 'natural' population growth — the difference between births and deaths — fell to just 400, the lowest since 1978, while net international migration rose to 622,000, up from 548,500 in the previous 12 months. A net 13,800 people also moved from England and Wales to Scotland or Northern Ireland.

One of the busiest railway lines in Germany, the 70-kilometer stretch between Frankfurt and Mannheim, is closing for five months starting as the country launches an effort to get its notoriously disruption-prone network into shape

OnePlus Nord 4 is expected to come with a 6.74-inch Tianma U8+ OLED display with a resolution of 2772×1240 pixels, up to 120Hz refresh rate and a peak brightness of 2150 nits. The upcoming phone is likely to come powered by the Qualcomm Snapdragon 7+ Gen 3 chipset and feature LPDDR5X RAM and UFS 4.0 storage.

Built With Science, in an article titled The Best Ab Workout For Six Pack Abson his website. Ethier starts his ab workout with a bottom-up movement—the reverse crunch. He then follows it up with high-to-low woodchoppers on the cable machine or bicycle crunches for obliques.

Goldman Sachs posted a massive 150% jump in its second quarter profits, helped by a general resurgence of dealmaking and underwriting that has revived investment banking after the slow down of the previous couple years

Macy’s Inc. said Monday it will no longer pursue merger talks with Arkhouse and Brigade, citing the lack of certain financing

MUMBAI : India has emerged as Temasek Holdings’ best-performing market over the previous 10 years, a key factor in the Singapore state investor’s total exposure to the country soaring to $37 billion. “In the last 10 years across all geographies, India has been the best in terms of returns," said Vishesh Shrivastav, managing director (India), Temasek, in an interview with Mint on Monday. Earlier in the day, Temasek said its exposure to India stood at $37 billion (equivalent to S$49 billion), including the financial interest from its portfolio firm SingTel’s investment in Bharti Airtel Ltd.

paddy area under climate-resilient seeds, a senior agriculture ministry official said on Monday. The move comes as erratic rainfall patterns have become increasingly common in recent years, threatening rice production in the country. India, the world's second-largest rice producer after China, cultivates paddy on over 410 lakh hectares during the kharif season. Speaking on the sidelines of ICAR's 96th Foundation and Technology Day celebrations, ICAR Director General Himanshu Pathak said, «While we have achieved 75 per cent coverage of climate-resilient seeds in wheat cultivation, the adoption in paddy is still limited.»

MUMBAI : Medikabazaar’s founders Vivek Tiwari and Ketan Malkan may not be awarded the stock options due to them this year as a fallout of financial discrepancies that have surfaced in yet another instance of corporate misgovernance among Indian startups. The company’s board is contemplating cancelling the management stock options that were due to the founders at the end of June, expecting Medikabazaar to not meet its revenue and operational earnings targets for 2023-24, according to three people familiar with the deliberations.

For months now, thousands of consumers have been unable to access money they thought was safely deposited at banks. They are victims of the bankruptcy of a little-known venture-backed startup called Synapse Financial Technologies, whose shutdown is harming not only consumers but also fintech startups that worked with it, as well as the broader fintech sector. The situation, now in bankruptcy court, is bringing additional regulatory scrutiny to fintech, demonstrating risks for consumers who deposit money via nonbank financial services providers, and creating uncertainty for fintech venture investors and entrepreneurs.

Russia, including by encouraging rupee-rouble trade and pushing Moscow to lift non-tariff barriers, New Delhi said on Monday, in the wake of Prime Minister Narendra Modi's visit to Moscow. Old partners India and Russia have stepped up trade since Russia invaded Ukraine in early 2022, but the increase has been overwhelmingly one-way, dominated by India buying Russian oil shunned by traditional customers in Europe. Surging Russian exports to India accounted for $61.43 billion of the $65.7 billion in trade between the two countries in the last fiscal year that ended in March.

debt underwriting and a strong performance in its fixed-income trading business. Earnings were $3.04 billion, or $8.62 per share, for the three months ended June 30, compared with $1.22 billion, or $3.08 per share, a year earlier, the bank said on Monday.

rarest whale washed up on a South Island beach in New Zealand, potentially providing scientists a unique chance to study the mysterious spade-toothed whale. The five-meter-long beaked whale, identified by its colour patterns and distinctive skull, beak, and teeth, was found on an Otago beach earlier this month, news agency Associated Press reported quoting New Zealand's conservation agency. «This is going to lead to some amazing science and world-first information,» said Hannah Hendriks, marine technical adviser for the Department of Conservation. The spade-toothed whale has never before been seen alive and remains a mystery in many aspects, including its population, diet, and habitat in the vast southern Pacific Ocean. If confirmed, this specimen would be the first available for scientific dissection, enabling researchers to map its relationship to the few others of its kind, understand its diet, and potentially discover its habitat. Previous spade-toothed whales found on New Zealand's North Island were buried before DNA testing could verify their species, thwarting scientific study.

India looks forward to being a prominent player in the global supply chain, Finance Minister Nirmala Sitharaman who will be presenting the Budget for record-seventh time, may have to look at introducing a host of measures to strengthen the manufacturing sector and an improvement in the delivery routes. “With the help of policies, India must increase its share in global manufacturing chains,” Finance Minister Sitharaman said recently, adding that India needs to have greater sophistication in product manufacturing, and the government needs to see how best this can be given policy support. «I also want to underline, much against the advice given by some economists who say India should no longer be looking at manufacturing or ramping up manufacturing, that the country must also increase, with the help of policies, its (manufacturing) share in the global value chains,» she said.

US stock index futures opened little changed as investors weighed the market implications of the attack on Donald Trump that threatened to upend the US election.

Shares of Macrotech Developers Ltd.(up 4.87 per cent), Sunteck Realty Ltd.(up 4.15 per cent), Phoenix Mills Ltd.(up 2.2 per cent), DLF Ltd.(up 1.42 per cent) and Godrej Properties Ltd.(up 1.21 per cent) ended the day as top gainers in the pack.