Author: Press Room
Stay informed with free updatesSimply sign up to the US politics & policy myFT Digest — delivered directly to your inbox.The main US federal government pension fund is to exclude China- and Hong Kong-listed stocks on the recommendation of its adviser, which cited the rising tensions between the world’s two largest economies.The $771bn Federal Retirement Thrift Investment Board said on Wednesday that it would change the benchmark index followed by its international fund. The move will mean a shift away from an index that includes Hong Kong-listed equities.Washington has increasingly limited the range of Chinese companies available to US investors…
3/3 © Reuters. FILE PHOTO: People dressed as Santa and his elves play with children invited to Hamleys toy store, as it announces its’ potential top sellers for the Christmas season, in London, Britain, September 21, 2023. REUTERS/Peter Nicholls/File Photo 2/3 By Richa Naidu and Aishwarya Venugopal LONDON (Reuters) – Santa Claus may not have as much to give this year because hard up shoppers in Europe and the United States are prioritizing food and household staples, global toy makers and industry experts said. Consumers worldwide have struggled to cope with high inflation and sluggish economic growth. The holiday season,…
© Reuters. Baba Food Processing, an agro-food manufacturing company, experienced a mixed debut on the National Stock Exchange (NSE) SME platform today, with its shares opening at the issue price of Rs 76 but subsequently declining by 5% to close at Rs 72.2. Despite this initial dip, the company’s shares still enjoyed a 13% premium over the issue price in the grey market. The initial public offering (IPO), which launched on November 3 with a price band of Rs 72-76, aimed to raise Rs 33 crore through the issuance of approximately 43.42 lakh shares. By Sunday, the offering was heavily…
© Reuters. Investing.com– Gold prices rose on Wednesday as softer-than-expected inflation data fueled bets that the Federal Reserve was done hiking interest rates, while copper prices rose on optimism over some economic resilience in China. The yellow metal extended gains after marking its best intraday rise in over three weeks on Tuesday, as the and fell sharply on the prospect of no more interest rate hikes by the Fed. But bigger gains in gold were still held back by investors pivoting chiefly into risk-heavy assets, with stock and commodity logging stellar gains on Wednesday. Gold prices were also nursing steep…
Gamehost raises dividend by about 33% to CAD 0.04 a share
© Reuters. Investing.com– Most Asian currencies rose on Wednesday, while the dollar languished at over two-month lows after weaker-than-expected U.S. inflation data spurred bets that the Federal Reserve was done raising interest rates. Some positive economic data, coupled with a massive, 600 billion yuan ($83 billion) liquidity injection by the People’s Bank of China also improved sentiment, amid signs of resilience in Asia’s biggest economy. The rose 0.2% to 7.2389 against the dollar, also benefiting from a substantially stronger-than-expected daily midpoint fix by the PBOC. The central bank kept its medium-term lending rates on hold on Tuesday. Government data showed…
A second Republican has joined the race in Alaska to challenge Representative Mary S. Peltola, a popular Democrat who holds the state’s sole House seat.Lt. Gov. Nancy Dahlstrom, who was elected last year, is taking on Ms. Peltola, who became the first Alaska Native woman ever elected to Congress after she defeated former Gov. Sarah Palin in two 2022 elections. Ms. Peltola’s first victory against Ms. Palin, in a special election after the death of Alaska’s longtime congressman, Don Young, flipped the seat to the Democrats for the first time in 50 years.Her second victory, in the November midterms, dealt…
When you buy through our links, Insider may earn an affiliate commission. Learn more The Cricket World Cup semi-finals begin today, and you’re just a few simple clicks away from a free India vs. New Zealand live stream. Better yet, this setup will also work for tomorrow’s other match and the big final on Sunday. Host nation India won every group stage game and beat New Zealand’s total with four wickets to spare when they met. The Kiwi, 2019’s runners-up, had a strong start to the tournament but really lagged towards the end, only just scraping through to the semis with…
Stay informed with free updatesSimply sign up to the World myFT Digest — delivered directly to your inbox.Israeli forces have entered al-Shifa hospital in Gaza to conduct what the country’s military has described as a “precise and targeted operation” against Hamas.The move by Israeli troops comes days after they surrounded the besieged strip’s largest medical complex, where tens of thousands of people were sheltering from Israel’s bombardment of the coastal enclave.Israel claims al-Shifa is a significant site for Hamas’s operations because it sits on top of the armed group’s underground infrastructure, which the Israeli military intends to destroy.The Israel Defense…
The United States government has put forward a proposal to support India’s ambitious plan to transition to electric buses. The proposal, which is currently under negotiation, involves the US extending a $150 million payment guarantee for companies that will supply electric buses to India’s state transport undertakings (STUs). This financial backing is seen as a key move to bolster India’s National Electric Bus Programme (NEBP), which aims to float tenders for approximately 50,000 electric buses over the next five years. The initiative is part of a broader strategy to foster e-mobility adoption in India and shift away from diesel-powered transportation,…