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Saudi Arabia Launches new Residency Plans to Draw Foreign Talent

DUBAI, Jan 11 Reuters Saudi Arabia on Thursday launched new residency programs aimed at attracting skilled professionals and investment as the Gulf country forges ahead with its plan to pivot its economy away from fossil fuels. The initiative aims to further drive the country39;s economic transformation by creating employment opportunities and fostering knowledge transfers, it […]
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Russias Oil and Gas Budget Revenue Down 24 in 2023

Russian oil and gas revenues down to 8.8 trln rbls in 2023 Government expects recovery to 11.5 trln rbls in 2024 MOSCOW, Jan 11 Reuters Proceeds from oil and gas sales for Russia39;s federal budget fell by about 24 to 8.822 trillion roubles 99.4 billion last year, finance ministry data showed on Thursday, following weaker […]
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Oil Prices Firm as Middle East Tensions Heat Up

Brent and WTI up about 1 Armed individuals board tanker off Oman Signs of weakening oil demand cap gains LONDON, Jan 11 Reuters Oil prices rose on Thursday after an oil tanker was boarded by an armed group in Oman, raising the prospect of escalating conflict in the Middle East. Brent crude futures gained 1.03, […]
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Indias Infosys Q3 Profit Misses View, Tightens FY Rev Forecast on Weak Demand

BENGALURU, Jan 11 Reuters Infosys, India39;s No.2 IT services provider, missed quarterly profit estimates on Thursday and tightened its fullyear revenue forecast on weak demand from clients amid global economic uncertainty. Consolidated net profit fell 7.3 to 61.06 billion rupees 735.55 million in the seasonally weak third quarter from a year earlier. Analysts, on average, […]
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Chesapeake to Become Top US Natural Gas Producer with 7.4B Deal for Southwestern

Jan 11 Reuters Chesapeake Energy said on Thursday it would buy smaller rival Southwestern Energy in an allstock transaction valued at 7.4 billion, a deal that would enable the secondlargest U.S. natural gas producer to take the top spot. The move extends a recent spate of multibillion deals in the U.S. energy sector including Exxon Mobil39;s 60billion Pioneer […]
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TCS CEO Flags Uncertain Demand as Inflation Crimps Spending

BENGALURU, Jan 11 Reuters Tata Consultancy Services said it was hard to predict a recovery in demand for IT services in the next two quarters as persistent inflation and recession fears pressure client spending in the company39;s key markets the U.S. and Europe. The comments come after the industry leader reported its slowest quarterly profit growth […]
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SEC Approves Bitcoin ETFs, Australias Inflation Lowers

Previous Trading Days Events 10 Jan 2024 Multiple asset managers have applied for Bitcoin ETFs since 2013. On Wednesday 10th Jan, the U.S. SEC approved applications from ARK Investments, BlackRock and Fidelity, among others. ETFs will be listed on Nasdaq, NYSE and the CBOE. With a spot Bitcoin ETF, investors gain exposure to the price […]
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Markets Gird for Volatility as Taiwan Heads to Vote

SINGAPORE, Jan 11 Reuters Investors are bracing for a volatile reception to Taiwan39;s election on Jan. 13, with added focus on the island39;s chip sector, after China said the poll was a choice between peace and war. In an electionpacked 2024, Taiwan will be the first major economy to vote as it holds presidential and parliamentary elections on Saturday, […]
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