Financial Headlines for December 1st, 2023:

• Apple reportedly ending partnership with Goldman Sachs for credit card and savings account: This move could significantly impact the Apple Card and could signal a shift in Apple's financial services strategy. (Source: Wall Street Journal, CNBC)
• UK fintech Paysend raises $65 million in funding: This fresh injection of capital will help the company expand its global reach and services. (Source: FinTech Futures)
• Metro Bank to axe 20% of jobs and review branch opening hours: The UK bank is looking to cut costs amidst a challenging economic environment. (Source: FinTech Futures)
• Denmark's Mazepay taps ex-Mastercard exec Kevin Stanton to lead US drive: This appointment signals the company's ambitions to expand into the US market. (Source: FinTech Futures)
• New petrol prices announced: Global energy prices continue to fluctuate, impacting fuel costs around the world. (Source: Express News)

USA:

• Stocks that will see action today: LTIMindtree, ITD Cementation India, SIS Ltd, Dixon Technologies, IIFL Finance, and Sonata Software are among the companies with news that could impact their stock prices. (Source: The Hindu BusinessLine)
• Nifty Life High Journey: Market expert Anil Singhvi provides insights and recommendations for investors. (Source: Zee Business)
• UltraTech Cement acquires Kesoram Industries cement business: This deal strengthens UltraTech's position in the Indian cement market. (Source: Zee Business)

Global Economies:

• Top five stories of the week: These include the Apple-Goldman Sachs partnership ending, the UK fintech funding round, and Metro Bank's job cuts. (Source: FinTech Futures)
• Fitch affirms India's sovereign rating at investment grade: This positive news indicates confidence in India's economic prospects. (Source: The Hindu BusinessLine)
• China's manufacturing activity contracts: This could be a sign of slowing economic growth in China. (Source: Reuters)

Overall Financial Report:

The global financial landscape remains volatile on December 1st, 2023. While there are some positive developments, such as the funding round for UK fintech company Paysend and the Fitch rating affirmation for India, there are also concerns about slowing economic growth in China and job cuts in the UK financial sector. The ending of the Apple-Goldman Sachs partnership is also a significant development that could have ripple effects across the financial services industry.

Additional Resources:

• The Hindu Business Line:
• FinTech Futures:
• Zee Business:
• Reuters: News Written by Dr Edward N Maltass of THE EViROCKS.