Thu, 18 Aug 2022

Saudis buy stake in Russian energy companies, spend billions

JEDDAH, Saudi Arabia: In a Twitter post published this week, Saudi Arabia's Kingdom Holding said it had invested in Russian ...

Billionaire Indian trader Rakesh Jhunjhunwala dead at 62

DELHI, India: Dubbed the country's Warren Buffett, India's best-known stock investor and self-made billionaire, Rakesh Jhunjhunwala, died on August 14 ...

New money transfers spell end of credit card, says Brazil bank chief

SAO PAULO, Brazil: Brazil's central bank chief Roberto Campos Neto has said that he believes credit cards will cease to ...

As world economy slows, price of copper falls

LONDON, England: Despite a recent rebound, speculators in the international copper market, considered an indicator of the world's economic health, ...

Russian Central Bank reports economy down 4% in second quarter

MOSCOW, Russia: Financial information released by the Rosstat federal statistics service this week indicated that Russia's economy shrank 4 percent ...

Mahindra appoints Deepak Thakur as MD CEO of its renewable energy unit

Mumbai (Maharashtra) [India], August 18 (ANI): Mahindra Group on Thursday announced the appointment of Deepak Thakur as the new managing ...

Wall Street falls 1st time since start of week as fed minutes stir debate on rates

New York [US], August 18 (ANI/Sputnik): Stocks on Wall Street fell broadly for the first time since the start of ...

European banks restart Russian bond trading FT

UBS, Barclays and Deutsche Bank have all reportedly resumed allowing clients to sell their Russian debt holdingsSeveral major European banks ...

Golf Glance: Top 70 enter second leg of FedEx Cup Playoffs

Field Level Media's Golf Glance provides weekly news and storylines from each of the major North American golf tours. PGA ...

Why Blame China for lending money to the needy

London [UK], August 17 (ANI): Whether the World Bank (WB), International Monetary Fund (IMF), or the United States of America, ...

Microsoft planning to release Windows 11's next big update in September

Washington [US], August 17 (ANI): American tech giant Microsoft has revealed its plans to release the next big Windows 11 ...

Germany wants to retake Polish soil official

Berlin wants to subjugate Eastern Europe and regain lands it lost, the head of the Polish central bank claimedBerlin has ...

Inflation risks persist but peak is behind us: Anand Rathi

New Delhi [India], August 17 (ANI): The recent decline of global commodity prices, easing of some of the global supply-chain ...

US Fed issues guidance for banks considering crypto activities

Washington [US], August 17 (ANI): The US Federal Reserve Board has provided additional information for banking organizations engaging or seeking ...

Wall Street up broadly as big tech dips in cautious trade ahead of fed minutes release

New York [US], August 17 (ANI/Sputnik): Wall Street registered another broadly higher close on Tuesday even as Big Tech stocks ...

Pak Army Chief Bajwa likely to visit US, says report days after he seeks US help in securing IMF funds

Islamabad [Pakistan], August 16 (ANI): Days after Pakistan's Army Chief General Qamar Bajwa requested Washington for help in securing an ...

Nigeria's Inflation Hits 17-Year High as Food Prices Soar

Abuja, Nigeria - Nigerian authorities say the country's inflation rate jumped to nearly 20% in July, compared to last year, ...

US Carries Out Missile Test Delayed Over Chinese Drills

Washington - The United States military on Tuesday said it carried out a test of a Minuteman III intercontinental ballistic ...

Pak PM Shehbaz cites flaws in economic model amid severe financial crisis

Islamabad [Pakistan], August 16 (ANI): Pakistani Prime Minister Shehbaz Sharif has indirectly admitted the country's ongoing financial crisis, by citing ...

Iran says it seizes Afghan truck containing 100 Kg of drugs

Kabul [Afghanistan], August 16 (ANI): At least 100 kilograms of drugs were seized in a tanker truck from Afghanistan, according ...

Sri Lanka must avoid China's debt restructuring as Beijing is to seek preferential treatment

Colombo [Sri Lanka], August 16 (ANI): China will seek preferential treatment on debt restructuring in Sri Lanka which will mostly ...

Far-Right Italian Leader Meloni Rides Popular Wave in Polls

Rome - With a message that blends Christianity, motherhood and patriotism, Giorgia Meloni is riding a wave of popularity that ...

Sensex surges 379 points; MM, Maruti Suzuki, RIL jump

Mumbai (Maharashtra) [India], August 16 (ANI): The Indian stock market's benchmark Sensex surged by 379 points on Tuesday led by ...

Sensex jumps 300 points; auto, FMCG, banking stocks soar

Mumbai (Maharashtra) [India], August 16 (ANI): The Indian stock market's benchmark Sensex was trading 300 points higher in the afternoon ...

India's wholesale inflation eases substantially in July but still in double-digit

New Delhi [India], August 16 (ANI): India's wholesale inflation declined substantially during the month of July to 13.93 per cent, ...

US defends withdrawal from Afghanistan, rules out release of USD 3.5 bn frozen Afghan funds

Washington [US], August 16 (ANI): The US on Monday defended its position on withdrawal from Afghanistan after a 20-year-long military ...

Wall Street re-launches Russian bond trading Reuters

The US government has authorized allowing holders to dispose of their assetsSeveral major US banks have restarted facilitating trades in ...

Residential real estate prices in India rise 5 pc during April-June quarter: Report

New Delhi [India], August 16 (ANI): A resurgence in demand for residential real estate has led to an average 5 ...

SpiceJet enters into settlement agreement with aircraft lessor Goshawk Aviation, affiliates

New Delhi [India], August 16 (ANI): Budget-carrier SpiceJet on Tuesday announced that it has entered into a settlement agreement with ...

Pakistan raises petrol price by Rs 6, to cost Rs 233.91 per litre

Islamabad [Pakistan], August 16 (ANI): Pakistan on Monday raised petrol prices by Rs 6 that will jack up the cost ...

Wall Street Revives Russian Bond Trading After US Go-Ahead

New York - Several major Wall Street banks have begun offering to facilitate trades in Russian debt in recent days, ...

EU country's central bank hires fortune teller reports

The famed Romanian astrologer says she?ll have to retire her crystal ballThe National Bank of Romania (BNR) has hired well-known ...

Something worse than recession coming JPMorgan

Wall Street bank issues dire warning for the US economyThe boss of Wall Street banking giant JPMorgan Chase, Jamie Dimon, ...

US refuses to unfreeze Afghan funds media

Washington has reportedly ruled out releasing any of the $7 billion in the country's financial assets that it froze after ...

DFM enables DGCX brokerage companies to provide derivatives trading and clearing services for the first time

DUBAI, 15th August, 2022 (WAM) -- Dubai Financial Market (DFM) today announced that it has obtained the approval of the ...

Pakistan may borrow another USD 2.8 billion from IMF under Saudi Arabia's SDR quota: Report

Islamabad [Pakistan], August 15 (ANI): Pakistan claimed that Islamabad has been able to borrow up to USD 2.8 billion against ...

Is the Pakistan Army Chief's visit to Sandhurst a strategic shift away from China and towards the West?

Sandhurst [United Kingdom], August 15 (ANI): The visit of Pakistan Army Chief General Qamar Javed Bajwa to the Royal Military ...

Independence Day: Bill Gates congratulates PM Modi, calls India's development in healthcare, digital transformation "inspiring"

New Delhi [India], August 15 (ANI): As India celebrates its 76th Independence Day, wishes poured in from across the world. ...

Miguel Angel Jimenez keeps clean card to win Boeing Classic

Miguel Angel Jimenez of Spain shot a bogey-free, 5-under-par 67 to break away from the pack and win the Boeing ...

EU ramps up exports to Russia

Shipments jumped 18% in June, rising for the second month in a row after a trough in AprilEU exports to ...

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PM Modi says India working to become developed country in 25 years

NEW DELHI, India: During his national day address this week, Prime Minister NarendraModi said India will seek to become a ...

Heathrow Airport to extend limit on passengers till October

LONDON, England: The cap on flight departures from London's Heathrow Airport will beextended until October 29, airport officials announced.Heathrow capped ...

German fighter jets to take part in joint exercises in Australia

BERLIN, Germany: Highlighting Berlin's increasing focus on assisting in the Indo-Pacific region amidst rising tensions with China over Taiwan, Germany ...

France declares wildfire out, firefighters came from all of Europe

PARIS, France: French firefighters have stopped the spread of a "monster" wildfire in the country's southwest, allowing the reopening of ...

Would a new Cold War be in the best interest of the United States?

As China unleashed live-fire military exercises off the coast of Taiwan, simulating a real "reunification by force" operation in the ...

Myanmar deposed leader Aung San Suu Kyi to serve six additional years in prison

NAYPYIDAW, Myanmar - According to a legal official, a court in Myanmar has sentenced former leader Aung San Suu Kyi ...

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Abbott Ireland announces expansion plans, new jobs

DONEGAL, Ireland - Announcing plans to expand its workforce in Donegal, the U.S. healthcare giant Abbott unveiled plans to create 500 new jobs in the country.Abbott Ireland currently hires c ...

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