Wellness Financial News

Moody's downgraded Israel's credit rating Friday due to the impact of its ongoing conflict with Hamas in Gaza, lowering it by one notch from A1 to A2. In a statement, Moody's said it had done so after assessing that "the ongoing military conflict with Hamas, its aftermath and wider consequences materially raise the political risk for Israel as well as weaken its executive and legislative institutions and its fiscal strength, for the foreseeable future." The ratings agency also lowered its outlook for Israel's debt to "negative" due to "the risk of an escalation" with the far more powerful Lebanese militant group Hezbollah that operates along its northern border.

Interest in sustainable investing among individual investors globally is surging – and American investors are leading the way on several fronts, according to a new report from Morgan Stanley.

Prime Minister Justin Trudeau says that Bell’s most recent round of layoffs is a “garbage decision” in response to a question about the company laying off nine per cent of its staff on Thursday.

Global disruptions may pose many challenges to how the world operates but they also offer considerable opportunities, the Prime Minister of Guyana Brigadier Mark Anthony Phillips said, giving the example of India's Vaccine Maitri that helped vulnerable countries at a time of need and propelled domestic manufacturing as well. Guyana, which has produced legendary cricketers like Clive Llyod and fast bowling debutant Shamar Joseph who propelled the West Indies to a stunning Test victory over Australia last month, has close diplomatic relations and a unique tie to India. The Prime Minister shared that 40% of Guyana's population comprises people of Indian origin. In his address at the summit, Phillips made a case for innovative and collaborative approach to meet common challenges being faced by nations across the world. «In the simplest of terms, global disruptions essentially change how the world operates. In today's world, disruptive forces such as technology, globalisation, and economic and demographic change, are constantly occurring,» the PM said.

BJP has issued a whip to its MPs in Lok Sabha as well as Rajya Sabha to ensure their presence in Parliament on Saturday on account of some «very important» legislative business, which will be tabled for discussion and passage. Though there was no official word on the nature of the business on the last day of the last session before the Lok Sabha polls, some party leaders said there is a possibility that it may touch the construction of the Ram temple in Ayodhya. Prime Minister Narendra Modi had attended the consecration ceremony at the temple on January 22. The event generated a nationwide appeal and the BJP believes that the temple issue will help create a positive atmosphere in its favour in the upcoming Lok Sabha polls.

Pramod Amthe, Head of Institutional Equity Research, InCred Capital, says “in recent times, private banks have been raising deposit rates to mobilise deposits which can be a pressure on NIM in the short term. So, the earlier sign to look at is some stability in deposit rates or the easing of deposit rates, so the cost of funds can be relatively favourable for the private banks. Till then, the PSU flavour may remain for some time to come.” I want to start by talking about the pharma pack as a whole, that is the defensive side. Everyone is looking at that as well. A lot of moves came in from Sun Pharma's side. On the smaller side, we have Orchid Pharma, which is seeing a move as well. How are you viewing pharma as a pack and is there anything specific that you are finding attractive? Pramod Amthe: If you look at the recent trends, the pricing erosion in the US seems to be stabilising. Shortages are happening and hence pricing comfort is coming back. The better way to play there is Sun Pharma and Aurobindo which we like. The other trend is domestic outlook for the growth for pharma seems better for the second half (H2) as compared to the first half (H1). The proxy there which we are trying to play is Torrent and Ajanta.

Bitcoin advanced past $46,000 to a one-month high, supported by signs of steady inflows into a batch of US funds for the token as well as growing attention on the so-called halving due in April.

telecom industry recorded 1.46% sequential growth in adjusted gross revenue (AGR) to Rs 55,583 in the fiscal second quarter FY24, latest operator performance data released by the Telecom Regulatory Authority of India (Trai) on Friday showed. Higher quarterly AGR translated into higher licence fee and spectrum usage charge (SUC) collections for the Department of Telecommunications (DoT). The licence fee mop-up climbed 1.53% sequentially to Rs 5,326 crore while SUC collections rose 2.20% on-quarter to Rs 834 crore, data collated by the regulator showed. All three operators Bharti Airtel, Reliance Jio and Vodafone Idea (Vi), recorded similar growth in their respective AGR numbers.

Champai Soren on Friday hit out at the BJP for allegedly conspiring to destabilise the Hemant Soren-led JMM government ever since it came to power in 2019. Criticising the BJP for lacking substantial issues to present to the public, he claimed that they resorted to foul tactics to undermine the government's stability. The CM emphasised that the mandate of the people was in favour of Hemant Soren, who initiated various welfare measures despite the economic slowdown due to the pandemic. «People's mandate was in favour of Hemant Soren, who formed a popular government and started delivering the goods even though economic activities came to a standstill for two years because of the pandemic,» the chief minister said after disbursing the first set of installments of the Abua Awas (housing) Yojana to beneficiaries here.

A company’s plan in southeast Utah to extract lithium is adding to an anxiety familiar in this part of the arid American West: how the project could affect water from the Colorado River

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₹27 crore, giving it rights to brands such as Pan Pasand and Mango Mood. "The Board, on the recommendation of the audit committee of the company, inter alia approved the sale, transfer and assignment of the trademarks, recipes, all intellectual property rights, including all rights, interests, and protections associated therewith, relating to the company’s sugar boiled confectionery business to Reliance Consumer Products Limited, for a consideration of Rs27 crore," The Ravalgaon Sugar Farm Ltd said in a filing to the exchanges on Friday. The proposed transaction includes the sale of the intellectual property, and does not envisage a slump sale of all assets and liabilities of the company.

If you came across Henry Medina in the street, you would seemingly have no idea that the former Jefferies analyst and Deutsche Bank associate runs the Litquidity Instagram account. In the words ofBusiness Insider, he is «humble,» «quiet» and nondescript. You would never know that Medina, who is 32-years-old and recently divorced, is the most savage finance satirist of the moment.

The bubble in ‘no holds barred’ monetary policy (birthed under Alan Greenspan) and the bullish markets it benefits are in their third decade

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It seems central bankers can’t keep the United States economy down — despite a 23-year high in the world’s most important interest rate, the U.S. Fed funds rate.

jobs in January as the unemployment rate fell for the first time since December 2022.The gains, which were above some analyst expectations, were mostly driven by part-time work, and were well above the 10,000 jobs RBC predicted Canadian employers would add.The bank had also predicted the unemployment rate would rise to 5.9 per cent, up from 5.8 per cent in December. Instead, unemployment came in at 5.7 per cent, down one percentage point from the previous month.Statistics Canada, which released the data Friday, said there were employment gains spread across several industries in the services-producing sector.They were led by wholesale and retail trade (up 1.1 per cent) as well as finance, insurance, real estate, rental and leasing (up 2.1 per cent).

With the fundamentals of the Indian economy remaining strong despite all global headwinds and inflation well under control, the RBI once again decided to keep the repo rates unchanged at 6.5%, thus extending the festive bonanza that it gave to the homebuyers in its last two policy announcements. Thus, homebuyers retain their advantage of relatively affordable home loan interest rates.

Manmohan Singh on Thursday from Rajya Sabha — and, for all purposes, political life — the country marks the exit of a figure who managed to hold on to the paradoxical tag of practitioner of 'decent politics'. This was no mean feat in a career that started in academia, moved to policy, and orbited into politics.

Newell Brands (NWL) shares plunged 16% Friday on the back of its latest quarterly results, which saw sales fall despite topping consensus expectations.

A few lucky luxury brands have always sold their goods to people who can afford them, no matter what shape the economy is in. Others that are trying to muscle in on this ultrarich patch risk leaving their usual customers out in the cold. Shares in Hermès rose 5% in early European trading Friday after the Birkin handbag maker said sales for the three months through December rose 18% compared with a year earlier.