newsmart – Latest News

livemint.com | 15 min. ago NEW

Flexi-cap vs multi-cap funds: Which offers better diversification and returns? What the data shows

Multi-cap funds must keep at least 25% of their portfolio in each of large-, mid- and small-cap stocks at all times, with the remaining 25% left to the fund manager’s discretion. Flexi-cap funds also invest across market caps, but they have no such minimums, setting the two categories apart.

scmp.com | 2 hrs. ago

Chinese stocks bounce back from bear market on suspected state support

Chinese stocks rebounded on Friday after a sell-off dragged the benchmark index into a bear market, as surging trading volumes in the nation’s biggest exchange-traded funds (ETFs) pointed to possible state buying and major companies at the centre of the artificial intelligence trade sought to reassure investors.

The CSI 300 Index rose 1 per cent to 4,075.44 as of 2.06pm local time, reversing an earlier decline of as much as 2 per cent. Turnover in several key ETFs tracking the gauge surged,...

koreatimes.co.kr | 2 hrs. 5 min. ago

Main opposition welcomes Seoul mayor's acquittal in political funds trial

The main opposition People Power Party (PPP) on Friday welcomed an appeals court's decision to acquit Seoul Mayor Oh Se-hoon in a high-stakes political funds case linked to opinion polls ahead of the 2021 mayoral by-election. Oh, who had been fined 10 million won ($7,500) by a lower court for violating the Political Funds Act and was at risk of losing his mayoral post, was acquitted on appeal.

He is affiliated with the PPP. "It is a great relief and at the same time only the right thing that the city administration, entrusted to Mayor Oh Se-hoon by ten million residents of Seoul, can continue without disruption," PPP chief spokesperson Park Choong-kwon said in a commentary.

"The ruling shows that the truth always prevails in the end, even if it takes time," he said. Oh had been indicted on charges of having a political supporter make payments totaling 33 million won for opinion polls he allegedly received on 10 occasions from self-proclaimed power broker Myung Tae-kyun ahead of the 2021 election.

Under the Political Funds Act, elected officials are stripped of their seats if they receive

thehindu.com | 2 hrs. 28 min. ago

Nepal to receive first-ever loss and damage fund payout after devastating floods

Nepal is set to receive $21.6 million from the United Nations’ Loss and Damage Fund following the devastating Bhotekoshi floods that struck the country in August. The allocation marks the first time the global climate fund has earmarked money for a specific country to address climate-change-linked losses.

Climate experts have welcomed the decision as a landmark step, but the funding is only a fraction of the nearly $5 billion Nepal estimates it needs for recovery and reconstruction.

iol.co.za | 3 hrs. 11 min. ago

South Africa's R186 million forensic funding faces scrutiny as DNA backlog deepens

Forensic experts and organisations supporting rape survivors have raised concerns over SAPS's DNA backlog, warning that additional funding alone will not resolve delays in criminal investigations.

bbc.co.uk | 3 hrs. 20 min. ago

'Wildly unfair that my husband and I pay £4k a year for ADHD treatment'

Northern Ireland is the only part of the UK without a formally commissioned, publicly-funded adult service for ADHD.

iol.co.za | 4 hrs. 17 min. ago

HIV, foot-and-mouth disease receive funding — but RAF gets none

Minister of Finance Enoch Godongwana tabled the Medium-Term Budget Policy Statement (MTBPS) in Parliament, Cape Town.

ft.com | 4 hrs. 21 min. ago

[$] Calpers retreats from Big Tech as AI rally falters

California’s retirement fund slashed Magnificent 7 holdings as doubts grow about lofty valuations and soaring spending

scmp.com | 5 hrs. 11 min. ago

Wall Street piles into Hong Kong’s dim sum bonds despite fading yuan funding edge: BofA

Hong Kong’s offshore yuan bond market is becoming an increasingly important funding source for global banks, with US lenders driving a surge in issuance even as the currency’s traditional funding advantage over the dollar narrows. The shift offers a glimpse of how financial ties between Wall Street and China are evolving despite geopolitical tensions.

For US banks, the attraction increasingly lies in access to Chinese capital rather than lower borrowing costs. Offshore yuan-denominated bonds,...

scmp.com | 6 hrs. 20 min. ago

Australia sanctions 2 over North Korean fake IT workers scheme for nuclear funds

Australia said on Friday it had sanctioned two North Korean individuals and companies over the use of “fraudulent” IT workers and cybercrime to earn cash for the isolated nuclear-armed state. The two men are alleged to be key operators in Pyongyang’s cybercriminal activities overseas, estimated by analysts to bring in billions for the country’s weapons programme.

“The North Korean entities and individuals sanctioned today facilitate North Korea’s use of fraudulent IT workers to raise revenue for...

thehill.com | 6 hrs. 31 min. ago

House Democrats demand answers from CDC on African hepatitis B study

Top Democrats on the House Energy and Commerce Committee demanded answers Thursday from the Centers for Disease Control and Prevention (CDC) about the agency’s funding of a controversial hepatitis B clinical trial in Guinea-Bissau. The CDC awarded $1.6 million last year to Danish researchers to conduct the study in Guinea-Bissau, a small country in West...

scmp.com | 7 hrs. 23 min. ago

Nepal set to receive first-ever US$20 million payout from UN climate damage fund

The United Nations’ climate loss and damage fund moved to provide US$20 million in aid sought by flood-stricken Nepal – the first time it has set aside money for any country – in a key test of the body’s credibility. In an extraordinary meeting on Thursday, the fund’s board agreed to earmark the modest sum for the Himalayan country, which was hit in August by tsunami-like floods triggered by a climate-induced ice and rock avalanche that killed more than 1,400 people and left over 5,000...

koreatimes.co.kr | 7 hrs. 57 min. ago

Appeals court to rule on Seoul mayor's high-stakes political funds trial

An appeals court was set to rule Friday on Seoul Mayor Oh Se-hoon's trial in a high-stakes political funds case stemming from opinion polls he allegedly received ahead of the 2021 mayoral by-election. If the Seoul High Court upholds his conviction by a lower court and the ruling is finalized through appeal, Oh will lose his mayorship after being elected into office for a fifth term in June.

Under the Political Funds Act, elected officials are stripped of their seats if they receive a finalized fine of 1 million won ($754) or heavier punishment for improper acceptance of political funds. Oh's sentencing hearing was scheduled to be broadcast live at 2 p.m. Oh is accused of having a political supporter make payments totaling 33 million won for opinion polls he received on 10 occasions from self-proclaimed power broker Myung Tae-kyun ahead of the 2021 election.

The lower court sentenced Oh to a fine of 10 million won in July after partially recognizing the charges. It ruled that Oh had asked Myung for opinion polls on five occasions and his supporter paid the power broker 21 million won. The d

pagesix.com | 8 hrs. 5 min. ago

Samantha Markle claims brother ‘wants revenge’ as she defends dad Thomas Sr. amid child porn investigation

"There is no proof my dad downloaded any images," she says, claiming her brother was upset about being cut off from family funds.

thehill.com | 9 hrs. 27 min. ago

Senators urge Hegseth, Rubio to release funding for Baltic Security Initiative

Welcome to The Hill's Defense & NatSec newsletter {beacon} Defense &National Security Defense &National Security The Big Story Senators urge Hegseth, Rubio to release funding for Baltic Security Initiative A bipartisan group of senators are urging Defense Secretary Pete Hegseth and Secretary of State Marco Rubio to release the remaining congressional-approved funds for the...

bbc.co.uk | 9 hrs. 32 min. ago

Haematology centre for cancer patients at risk over 'disgraceful' funds move

The Department of Health has decided to take back £1.5m from the project, Belfast Trust officials have told a Stormont committee.

thehill.com | 11 hrs. 20 min. ago

Pentagon locks in 10-year F-35 jet deal

Lockheed Martin and the Pentagon have penned an initial deal to produce at least 850 F-35 Lightning II fighter jets over ‌the next 10 years, the Defense Department announced Thursday. As part of the agreement, Lockheed will put forward at least $7 billion in its own funding “for initiatives that support the F-35 program,” according...

nypost.com | 11 hrs. 22 min. ago

Soros-backed New Mexico AG behind $25B Meta lawsuit accused of seeking ‘tax on speech’

New Mexico Attorney General Raúl Torrez entered into politics with a 2016 run for district attorney backed by more than $100,000 in spending from a George Soros-funded super PAC.

ft.com | 12 hrs. 17 min. ago

UK waters down ‘fit and proper’ rules set up to hold bankers to account

Existing regulatory regime was instrumental in actions against former Barclays boss Jes Staley and hedge fund owner Crispin Odey

iol.co.za | 14 hrs. 29 min. ago

GBV funding must tackle court delays and police vacancies, groups warn

Focus on sexual offences and dedicated courtrooms and forensic evidence.

ft.com | 14 hrs. 30 min. ago

US to fund speculative fusion venture backed by investors with ties to Trump

Commerce department to take $175mn equity stake in start-up that is financed by brother of the president’s son-in-law

thehindu.com | 14 hrs. 54 min. ago

UN climate damages fund earmarks $20 million to Nepal for August disaster

This is the first time that the Fund, set up in 2022, has allocated money to a specific country; amount is a fraction of Nepal’s own $5 billion loss estimate; so far, Fund has pledges for $820 million while fielding requests worth $2.8 billion

ft.com | 15 hrs. 2 min. ago

Turkey cuts interest rates despite $18bn investment funds scandal