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☆ HDFC Bank to sell 2% stake in NSDL IPO
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +1 min

NEW DELHI, July 9 (Reuters) - HDFC Bank (HDBK.NS) will sell a 2% stake in the initial public offering (IPO) of National Securities Depository (NSDL), the lender informed exchanges on Sunday. The lender holds a 8.95% stake in NSDL, which handles most of the securities held and settled in dematerialised form in the Indian capital market. In its draft red herring prospectus (DRHP) dated July 7, the depository said the IPO will see sales of 57.3 million shares by its six shareholders. IDBI Bank (IDBI.NS) will sell up to 22.2 million shares, while National Stock Exchange will sell 18 million shares it owns in the depository. Union Bank of India (UNBK.NS) will sell 5.62 million shares, and State Bank of India(SBI.NS), and Administrator of the Specified Undertaking of the Unit Trust of India (SUUTI) will sell 4 million and 3.4 million shares, respectively.

Persons: Nikunj Ohri, Kim Coghill Organizations: HDFC Bank, National Securities Depository, IDBI Bank, National Stock Exchange, Union Bank of India, State Bank of India, Unit Trust of India, Thomson Locations: DELHI, NSDL, dematerialised

☆ Why the US ‘does not get to assume that it lasts forever’
▼ + stars: | 2023-07-04 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +18 min

“We need to separate by red states and blue states and shrink the federal government,” Greene said in a tweet on President’s Day this year. Blue state governors, legislatures and mayors might respond to such an offensive in forceful ways difficult to predict today. The Republican-appointed majority on the US Supreme Court has encouraged the red state social offensive with decisions that stripped away national rights – most prominently on abortion and voting. “Given the make-up of the courts, it’s difficult for blue states to be hopeful about this,” says Kettl. “The United States does not get to assume that it lasts forever.”

Persons: we’ve, ”, Donald Kettl, Donald Trump, I’ve, ’ “, Trump, Daniel Cox, Alan Wolfe, Wolfe, ” Wolfe, “, Joe Biden, Trump –, Abraham Lincoln, Marjorie Taylor Greene, Kevin McCarthy, ” Greene, Susan Stokes, Stokes, he’s, Biden, Jim Crow, Cox, Michael Podhorzer, what’s, MAGA, Eric Liu, Liu, Richard Nixon’s, Liu’s, ” Liu Organizations: CNN, America, University of Maryland’s School of Public Policy, Republican “, American Enterprise Institute, Boston University, Republican, Democratic, Chicago Center, Democracy, University of Chicago, CBS, Trump, National Guard, Fugitive, “, US, GOP, White House, AFL, Citizen University Locations: United States, States, America, Black, Confederate States, Georgia, Midwest, Heartland, Great, New York, Memphis, Austin, Blue, Michigan , Pennsylvania, Wisconsin, Arizona

[1/5] Russian President Vladimir Putin and Chinese President Xi Jinping attend a reception at the Kremlin in Moscow, Russia March 21, 2023. After securing an unprecedented third term as president earlier this year, Chinese President Xi Jinping made his first overseas trip to Moscow to meet his "dear friend" Putin. China "will be more cautious with its words and actions about Russia", said Shanghai-based international relations expert Shen Dingli. It was unclear if Yang's article was written before the Wagner rebellion and he did not respond to requests for an interview from Reuters. Other China-based academics, however, said Beijing would not change its stance on Russia as a result of the incident.

Persons: Vladimir Putin, Xi Jinping, Pavel Byrkin, Wagner, Vladimir Putin's, Shen Muhui, Alexander Neill, Yevgeny Prigozhin, Qin Gang, Putin, Shen Dingli, Yang Jun, Michal Meidan, Martin Quin Pollard, Yew, Tian, John Geddie, Alex Richardson Organizations: Kremlin, Sputnik, REUTERS, Moscow, U.S, Foreign, NATO, Beijing's China University of Political Science, Law, Reuters, The Oxford Institute for Energy Studies, European Union, Putin's, Australian National University, Shanghai, Thomson Locations: Moscow, Russia, Kremlin, China, Ukraine, Beijing, BEIJING, China's, Fujian, Singapore, United States, Shanghai, Japan, Putin's Russia

☆ Russia has avoided an armed Wagner insurrection — for now. Here's what we know
▼ + stars: | 2023-06-25 | by ( Jessie Yeung | ) edition.cnn.com time to read: +9 min

The crisis in Russia erupted Friday when Prigozhin accused Russia’s military of attacking a Wagner camp and killing his men – and vowed to retaliate by force. Russian President Vladimir Putin addresses the nation after an insurrection led by Wagner boss Yevgeny Prigozhin, on June 24. The Wagner group is “an independent fighting company” with different conditions than the Russian military, said retired US Army Maj. Mike Lyons on Saturday. Whatever it is, it’s really bad news for Putin.”Video shows Prigozhin leaving Russian military headquarters 01:46 - Source: CNNWho is Prigozhin? Wagner was thrust into the spotlight during the Ukraine war, with the fighters appearing to win tangible progress where regular Russian troops failed.

Persons: Vladimir Putin, Wagner, Putin, –, Yevgeny Prigozhin, Alexander Lukashenko, Prigozhin, Alexander Ermochenko, Reuters Wagner, It’s, Russia’s, Pavel Bednyakov, ”, Tsar Nicholas II, What’s, Mike Lyons, we’ve, “ Putin, ‘, Jill Dougherty, CNN’s, “, Dougherty, ” Dougherty, it’s, Steve Hall, Hall, ” Hall Organizations: CNN, Belarusian, Kremlin, Russia’s Ministry of Defense, Reuters, Sputnik, AP Russia’s Defense Ministry, Putin, Russia, Saturday, US Army, ”, Russian Ministry of Defense, CIA Locations: Russia, Moscow, Belarus, Ukraine, Rostov, Don, Voronezh, Russian, ’

☆ Japanese wrestler moves to Senegal to master ancient martial art
▼ + stars: | 2023-06-14 | by ( Ngouda Dione | ) www.reuters.com time to read: +2 min

[1/5] Shogo Uozumi, also known as Songo Tine, 29 years old, wrestles with Baye Ibra at the Samba Dia stable in the Diakhao neighbourhood, in Thies, Senegal, May 26, 2023. REUTERS/Ngouda DioneTHIES, Senegal, June 14 (Reuters) - In a dusty alleyway in the Senegalese city of Thies, Japanese wrestler Shogo Uozumi lay face-down in the sand after being tossed in the air by an oversized opponent. Uozumi then rose to his feet, dusted himself off and rejoined the surrounding group of wrestlers wearing loincloths. Anchored in ancestral war rituals, Laamb has evolved from a post-harvest pastime into Senegal's national sport. Since relocating to Senegal full-time in 2022, Uozumi has lived with a community of wrestlers in Thies, Senegal's third largest city.

Persons: Songo Tine, Baye Ibra, Shogo Uozumi, Uozumi, Laamb, Cheikh Badiane, Louis, Badiane, Cooper Inveen, Ed Osmond Organizations: Samba Dia, REUTERS, Thies, Thomson Locations: Diakhao, Thies, Senegal, THIES, Senegalese, Tokyo, Omotenashi, Japan, Saint

☆ Opinion | The Great Debt Ceiling Drama’s Finale
▼ + stars: | 2023-06-02 | by ( ) www.nytimes.com time to read: +1 min

Of course I’m talking about the debt ceiling performance. Any 10th grader, if given the Constitution to read, would have deduced that the clause about the federal debt not ever being questioned — meaning that all our debts will be honored — says exactly what it says. Mike CaggianoSan Mateo, Calif.To the Editor:The passage of the debt limit bill demonstrates that Republicans and Democrats in Congress, working together, can pass useful legislation. Congress need not be taken hostage and paralyzed by a very small minority of radicals, either on the right or the left. There are more than enough moderate and reasonable representatives from both sides of the aisle to do the work of the people.

Persons: Biden, Anne, Marie Hislop Chicago, —, Mike Caggiano San Organizations: Democrats Locations: Mike Caggiano San Mateo, Calif

☆ R.N.C. Rules for First Debate Pose Challenge for Underfunded Candidates
▼ + stars: | 2023-06-02 | by ( Katie Glueck | ) www.nytimes.com time to read: +1 min

The Republican National Committee on Friday laid out its criteria for candidates to qualify for the first Republican presidential primary debate, establishing a key fund-raising threshold and requiring candidates to pledge to support the eventual party nominee. A second debate could be held on Aug. 24 if enough candidates qualify, the R.N.C. The candidates must also have a minimum of 40,000 unique donors to their campaign, with at least 200 unique donors per state or territory, in 20 states and territories, according to the committee. The 40,000-donor debate threshold is likely to prove a consequential and costly barrier to some underfunded candidates. Republican campaigns had already been told informally about the criteria, and some were racing to ensure they had enough donors.

Organizations: Republican National Committee, Republican Locations: Milwaukee

[1/2] A view shows the Ponte Vecchio bridge and the Arno River in Florence October 16, 2014. The Ponte Vecchio, or Old Bridge, crosses the River Arno at its narrowest point. REUTERS/Regis DuvignauROME, June 1 (Reuters) - Florence wants to ban residential properties in its historic centre from being used for short-term rentals by platforms such as Airbnb (ABNB.O) in order to free up more homes for local people in the Tuscan city. Nardella is a member of the centre-left Democratic Party (PD), which is part of the opposition at national level. Airbnb did not immediately comment on Nardella's initiative, but said in a statement that it wanted to see "clear and simple national rules" in Italy.

Persons: Regis Duvignau ROME, Dario Nardella, Federica Urso, Federico Maccioni, Keith Weir, Crispian Balmer Organizations: REUTERS, Democratic Party, Thomson Locations: Florence, Ponte, Tuscan, Nardella, Italy, Rome, Milan

☆ 6 National Parks You Don’t Know About (But Should)
▼ + stars: | 2023-05-31 | by ( Emily Pennington | ) www.wsj.com time to read: 1 min

MAKE WAY FOR A MOOSE A hiker in Michigan’s Isle Royale National Park yields the right-of-way on the Minong Ridge Trail. Photo: Jim West/imageBROKER/ShutterstockWITH THEIR mile-deep sandstone canyons, glacier-polished granite domes and herds of charismatic megafauna, it’s no wonder that America’s national parks received nearly 312-million visits in 2022. A staggering 25% of those visitors descended upon just nine of the Park Service’s 424 designated areas. Too often, these crowds funnel into narrow byways, creating headaches and traffic jams—and negating the very thing most parkgoers crave: solitude.

Persons: Jim West Locations: Isle

☆ Under Xi Jinping, China's military has become an untouchable nationalist symbol
▼ + stars: | 2023-05-26 | by ( Nectar Gan | ) edition.cnn.com time to read: +11 min

Yue’s alleged transgression: “uglifying” and “insulting” China’s military, the People’s Liberation Army (PLA). Under Xi, China passed a law in 2018 to ban the slander of national “heroes and martyrs,” a crime punishable by up to three years in prison. To outsiders, it may appear puzzling that China’s military, the largest and one of the most powerful in the world, would be so easily offended by a seemingly tame joke. Xi has staked his legitimacy on returning China to its former greatness, and a strong and powerful military plays a key role in driving that nationalist agenda. He has also ramped up China’s military posturing, sending fighter jets and warships to the Taiwan Strait and around the disputed islands with Japan.

☆ Ecuador president dissolves legislature, bringing elections forward
▼ + stars: | 2023-05-17 | by ( Alexandra Valencia | ) www.reuters.com time to read: +2 min

[1/3] Ecuadorean President Guillermo Lasso testifies at the National Assembly, as part of the impeachment process against him for alleged corruption, in Quito, Ecuador May 16, 2023. REUTERS/Karen ToroQUITO, May 17 (Reuters) - Ecuador's President Guillermo Lasso dissolved the National Assembly in a decree on Wednesday, bringing forward legislative and presidential elections, a day after he presented his defense in an impeachment process against him. Ninety-two votes form the 137-member legislature would have been needed to remove Lasso from office. Those voted into power in the early elections would only serve until the regularly-scheduled 2025 elections take place. The impeachment process was the first against a Ecuadorean president in decades.

☆ Why missing one $2 expense could derail your whole national park trip
▼ + stars: | 2023-05-10 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

What this means: Travelers can't necessarily bank on showing up spontaneously to a national park and getting the experience they desire. Record park visitation spurred reservationsTourists crowd into the Midway Geyser Basin on July 14, 2021 at Yellowstone National Park, Wyoming. One — Hot Springs National Park in Arkansas — saw record visitors last year. Overall visits to national parks jumped by 5% in 2022 versus the year prior, to 312 million recreation visits. These national parks require vehicle reservationsTraffic heading into Yosemite Village on Oct. 6, 2019, in Yosemite National Park, California.

Analysts say what may appear as mixed messaging is the result of President Xi Jinping's renewed focus on national security, steeled by rock-bottom relations with rival superpower, the United States. A later speech in March at the National People's Congress was more pointed: China's security is being challenged by U.S. attempts to contain its rise, he said. In his October speech, he added "external security" and "international security", in what analysts say signals a new focus to counter foreign threats, namely Washington. Asked for its response to a list of questions for this story, China's foreign ministry said it was "not aware of the situation". BUSINESS JITTERSChina's security focus also risks isolating the country economically.

☆ Barclays downgrades a string of retail stocks as its hopes for a V-shaped recovery fade
▼ + stars: | 2023-05-02 | by ( Christina Cheddar Berk | ) www.cnbc.com time to read: +3 min

Consumers across all income levels are pulling back on spending, according to a Barclays Capital promotions tracker, prompting analyst Adrienne Yih to downgrade a host of retail stocks. However, Yih said, the pace of sales and discounting suggests that this scenario — a V-shaped recovery — is now less likely. FIGS 6M mountain Barclays downgraded Figs shares to underweight from equal weight. Figs shares shed 6%, Canada Goose fell more than 5% and Victoria's Secret was down more than 3%. CPRI YTD mountain Capri shares have fall 31% since the year started.

☆ The 10 Senate seats most likely to flip in 2024
▼ + stars: | 2023-04-30 | by ( Simone Pathe | ) edition.cnn.com time to read: +19 min

The GOP needs a net gain of one or two seats to flip the chamber, depending on which party wins the White House in 2024, and it’s Democrats who are defending the tougher seats. Jim Justice announcing his Senate bid in West Virginia – the seat most likely to flip party control in 2024. In a presidential year, the national environment is likely to loom large, especially with battleground states hosting key Senate races. Two businessmen with the ability to tap into or raise significant resources could be in the mix – Eric Hovde, who lost the GOP Senate nomination in 2012, and Scott Mayer. Still, unseating Cruz in a state Trump won by nearly 6 points in 2020 will be a tall order.

☆ Wrexham: An intoxicating tale of Hollywood glamour and sporting romance
▼ + stars: | 2023-04-28 | by ( Aimee Lewis | ) edition.cnn.com time to read: +22 min

In an often brutal and bleak world, the recent resurgence of Wrexham, the city as well as the soccer club, lifts the soul. The Turf pub is a must-see for Wrexham fans. But now, there’s Wrexham with a story that, in hindsight, feels as if it was just waiting for Hollywood. One of Wrexham city center's shopping areas, pictured on April 22. Wrexham fans celebrate on the pitch after their team beat Boreham Wood at the Racecourse Ground.

☆ Biden vs. Trump? Why 2024 could be the most boring presidential primary season ever
▼ + stars: | 2023-04-23 | by ( Harry Enten | ) edition.cnn.com time to read: +6 min

At this point, Biden doesn’t look likely to break that streak. First, primary endorsements are as good a predictor at this point of primary success as polling is. Second, it’s true that Democratic primary voters tell pollsters they are open to listening to a credible challenger to Biden. So it’s not like Democratic voters will be kicking and screaming if they have to support Biden for another term. Trump, like Biden, seems to have two things going for him: a large share of Republican voters and the party behind him.

U.N. Secretary-General Antonio Guterres would view any ban on Afghan women working for the United Nations in their country as "unacceptable and, frankly, inconceivable", he said. The restrictions did not initially apply to the United Nations and some other international organisations. In January, the U.N Deputy Secretary-General flagged concerns that authorities could next restrict Afghan women working at international organisations. It was not immediately clear whether foreign embassies in Kabul had received similar instructions on female staff. Article 8 of its governing charter requires the U.N. not to place any restrictions on men and women working for U.N. agencies.

ABLE accounts provide those with disabilities an opportunity save enough to purchase a house without putting their benefits at risk. Can ABLE account funds be used for a down payment on a house? Tim Elliot, another ABLE account owner and ABLE NRC ambassador, found out about these accounts through an internet search. Home-related expenses an ABLE account can coverOne of the more popular uses of an ABLE account for hopeful homeowners is saving for a down payment. How to open an ABLE account and start saving to buy a homeTo open an ABLE account, you'll need to choose a state program to participate in.

☆ Most Gulf markets gain as fears about rapid Fed hikes, bank crisis ease
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +1 min

The Federal Reserve is seen raising its benchmark rate a quarter of a percentage point next week and again in May. Most Gulf currencies are pegged to the dollar, and Qatar, Saudi Arabia and the United Arab Emirates usually mirror any monetary policy change in the United States. But the index's gains were limited by a 1.5% fall in oil giant Saudi Aramco (2222.SE) as the stock went ex-dividend. The Qatari benchmark (.QSI), however, traded 0.2% lower, dragged down by a 5.8% slide in utility firm Qatar Electricity and Water Co (QEWC.QA) as the stock went ex-dividend. Reporting by Ateeq Shariff in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

[1/5] Turkish President Tayyip Erdogan meets with people in the aftermath of a deadly earthquake in Kahramanmaras, Turkey February 8, 2023. "The earthquake definitely changes our opinion because the first responders and tents were very late to arrive," he said. How big a challenge Erdogan faces is difficult to determine, given the lack of polling in the region. One party official said they would "re-direct" residents' focus to efforts to rebuild and stress no one but Erdogan could do this quickly. The region voted 65% or more for the AKP and its nationalist ally the MHP in the last election in 2018.

☆ Need a nanny? Chinese school trains women to take care of newborns
▼ + stars: | 2023-03-08 | by ( Casey Hall | ) www.reuters.com time to read: +3 min

Confinement care is not new in China, where the practice of one month confinement post-birth, which traditionally included strict rules around bathing, hair washing and teeth brushing for mothers, has long been the norm. What is different today is the professionalism and expectations of those doing the caring, says Jiang Lei, a teacher at the centre. "We need professionals to do professional things for professional people," Jiang added, explaining that the centre teaches "scientific feeding knowledge, sleep cultivation and other knowledge such as early childhood education". The experience of caring for her own child made the idea of a career in childcare attractive, she said. ($1 = 6.9045 Chinese yuan renminbi)Reporting by Casey Hall; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

High-yield savings accounts reward you with higher interest rates than traditional savings accounts and allow your money to grow faster thanks to compound interest — which lets you earn interest on interest. While rates can fluctuate over time, high-yield savings accounts generally offer APYs over 10 times greater than the national average on savings accounts. To determine which high-yield savings accounts are the best overall, CNBC Select analyzed and compared dozens of savings accounts offered by online and brick-and-mortar banks, including large credit unions. (See our methodology for more information on how we choose the best high-yield savings accounts.) Our methodologyTo determine which high-yield savings accounts offer the best return on your money, CNBC Select analyzed dozens of U.S. savings accounts offered by online and brick-and-mortar banks, including large credit unions.

Individuals who receive monthly SSI benefits are subject to income and asset resources set by the Social Security Administration. Those receiving SSI may worry that buying a house will make them ineligible for benefits, since SSI limits how much recipients can have in assets. So, SSI recipients can buy a house on SSI without losing their benefits. SSI benefits are capped at $914 per month for an individual and $1,371 for married couples who both receive SSI. Mortgages, programs, and other resources that can help SSI recipients purchase a homePreparing for a home purchase without losing your SSI benefits is typically very challenging.

While rates can fluctuate over time, high-yield savings accounts generally offer APYs over 10 times greater than the national average on savings accounts. To determine which high-yield savings accounts are the best overall, CNBC Select analyzed and compared dozens of savings accounts offered by online and brick-and-mortar banks, including large credit unions. (See our methodology for more information on how we choose the best high-yield savings accounts.) Find the best savings account for you: Help your money grow by finding the savings account that offers the best rates and features for you. Our methodologyTo determine which high-yield savings accounts offer the best return on your money, CNBC Select analyzed dozens of U.S. savings accounts offered by online and brick-and-mortar banks, including large credit unions.

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