World News as of Jan 16, 2024
USA:
Fed Governor Bowman adjusts stance, says hikes likely over but not ready to cut.
- Stocks making biggest moves after hours: Unity, Microchip Technology, JetBlue.
- Coinbase planning acquisition to allow it to launch crypto derivatives in the EU.
- Cliff Asness’ AQR Absolute Return fund gains 18.5% in 2023.
- Hedge fund Citadel posts double-digit returns in 2023, but lags the S&P 500.
Europe:
- UK to increase Ukraine funding to £2.5bn as Sunak visits Kyiv.
- More men than women joined boards of Europe’s top financial service firms last year
India:
- Shares of India’s Jio Financial Services dropped 5.4% on Tuesday, a day after the company said its consolidated third-quarter profit fell 56% sequentially.
- India has implemented strict measures to ban foreign cryptocurrency exchanges from operating within its borders.
- The lower import duty structure on crude palm oil, crude sunflower oil and crude soyoil in India, the world’s biggest importer of vegetable oil, was set to expire in March 2024.
- Foreign investment into India tumbles even as economy booms.
- Net direct tax collection rises 19% till Jan 11, reaches 81% of FY24 target.
- Govt plans to sell ‘enemy property’ shares in 84 cos; scrips of 20 firms put on block in 1st tranche.
