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The Bank of Canada’s latest oversized interest rate cut isn’t expected to deliver immediate relief to the Canadian fixed-mortgage market, experts warn.

Japanese and Australian shares declined and equity futures for Hong Kong signaled losses after selling on Wall Street hit stocks and government bonds Thursday. The Nasdaq 100 slid 0.7% while the S&P 500 fell 0.5% as traders weighed higher-than-expected jobless claims against too hot producer price data.

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The average rate on a 30-year mortgage in the U.S. has eased for the third week in a row

For someone used to getting his own way for most of his life, public hostility, repeated failure and relentless bad news must be terribly trying for Prime Minister Justin Trudeau. His government began in 2015 with high hopes and widespread good wishes. Now that it is all coming crashing down, he refuses to accept blame and either change course or resign — a personal shortcoming that has become a national problem.

Taylor Swift wrapped up her 149-show, 20-month Eras Tour with a sold-out concert in front of 60,000 fans in Vancouver on Sunday night. And, while an estimated 10 million lucky fans globally got to attend one of her shows, countless others benefited from reselling their coveted tickets, for profits in the thousands of dollars.

State Bank of India, the country's largest lender, is seeking a ¥30 billion ($197 million) facility, according to people familiar with the matter, adding to a record volume of yen loans raised by borrowers in Asia excluding Japan this year. Mitsubishi UFJ Financial Group Inc. is the lead bank of the deal, which will be raised in the Gujarat International Finance Tec-City, India's newest financial hub, said the people, who asked not to be identified discussing a private matter.

The Superior Court of Quebec has approved a $2.5-million settlement in a class action targeting Dollarama Inc.’s use of eco fees.

Prashant Kumar Singh on Thursday said there was a need to have a green energy financing obligation on banks. Speaking at CII's Global Economic Policy Forum, Singh said banks were currently funding only a small portion of renewable energy projects while non-banking financial companies sanctioned the major portion of their requirement. Outlining the future requirement, Singh reiterated that ₹30 lakh crore investment was needed in the renewable energy sector going forward. «There is a need for a renewable energy lens and then working from that perspective,» he said. Climate change goals cannot be achieved till India de-carbonises, he added.

Subscribe to enjoy similar stories. Inflation played a starring role in last month’s election, and part of Donald Trump ’s pitch was that he would cool things off. “I won on groceries," the president-elect said in an interview Sunday on “Meet the Press." In his nomination-acceptance speech at the Republican National Convention in July, Trump said he would “end the devastating inflation crisis immediately." Despite his pledge to lower inflation, if Trump follows through on some of his tariff and immigration plans , economists worry he might do just the opposite .

New Jersey is considering charging fees on producers of fossil fuels to help the state that is home to several oil and gas facilities fight the effects of climate change

Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago

The Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting banks' ability to charge overdraft fees. It says the rule will save American consumers $5 billion annually.

Bajaj Finance, India's largest non-bank consumer financier has unveiled a new business plan for the next five years which envisages integration of artificial intelligence (AI) across all its processes to improve customer engagement, grow revenue, enhance productivity, strengthen controls and reduce operating and credit costs. In chat with ET, managing director Rajeev Jain said the transition to an all-encompassing AI based system will improve customer conversion rates at a much lower cost while ensuring the loan growth remains at current rate or moves to a faster trajectory. “We have already deployed AI in some use cases this year and plan total adopting by December 2026. At the current run rate we are saving Rs 140 crore to Rs 150 crore per year compared to last year. But the possibilities are infinite in terms of significant improvement in conversion rates. Costs will also be lower with growth at a similar or faster rates,” Jain said.

Gold prices edged down on Thursday, but held near a five-week peak, as risk appetite increased ahead of a European Central Bank monetary policy decision and investors awaited U.S. PPI data for signals on the Federal Reserve's interest rate outlook, Reuters reported. Spot gold fell 0.3 per cent to $2,709.89 per ounce as of 1210 (GMT). US gold futures fell 0.5 per cent to $2,742.50. Earlier in the session, bullion hit its highest since November 6, supported by bets that the Fed will cut interest rates again next week after Wednesday's consumer prices data, as per a report on Reuters. The report showed a 0.3 per cent rise, the largest gain since April after advancing 0.2 per cent for four straight months.

Arvind Panagariya said on Thursday. He also cautioned that one has to be careful about investments from potentially «unfriendly countries» that might damage the interest of the nation. However, developed countries are accepting investments from China in any particular sector, India can also welcome such investments. «If the US is taking investment from China, if Germany is taking, I would (be) open to their investment. The activities from which you want to exclude are relatively few because I don't see other countries restricting Chinese investment in large number of sectors,» Panagariya said at the CII Global Economic Policy Forum 2024.

One Nation, One Election" bill, a significant move aimed at streamlining the electoral process. A comprehensive bill is expected to follow this decision, paving the way for unified elections across the nation. Earlier on Wednesday, former President of India Ram Nath Kovind stated that the Central government must build a consensus on the 'One Nation, One Election' initiative, emphasising that the issue transcends political interests and serves the nation as a whole.

NBCC has been appointed as a project management consultant to complete Supertech Ltd's 16 real estate projects at a cost of nearly Rs 9,500 crore, a move that will provide relief to thousands of homebuyers. In a regulatory filing on Thursday, the company informed that the National Company Law Appellate Tribunal (NCLAT), vide its order dated December 12, 2024, has «appointed NBCC (India) Limited as Project Management Consultant for the completion of 16 projects of Supertech Ltd». NBCC will complete 16 projects, comprising 49,748 houses in Uttar Pradesh, Uttarakhand, Haryana and Karnakata. «The tentative construction cost of the project is approx Rs 9,445 crore, including 3 per cent contingency. The consultancy fee has been fixed as 8 per cent, including 1 per cent marketing fee,» NBCC said.

Supreme Court ruling that sought to address an issue that has been lingering for 35-years is now threatening to cripple India’s mining sector. According to the judgement, states now have the right to tax mineral lands and tax mining companies retrospectively. Stakeholders say this will put a heavy financial burden on the industry, affecting investment plans and overall economic stability of the segment. How the case started and progressed The issue has its roots in the Mines and Minerals (Development and Regulation) Act, 1957, which gave the Union government the power to regulate mines and minerals and the power to collect royalties from mining leaseholders. In 1963, the Tamil Nadu government gave a mining lease to India Cements. Later, it imposed a cess on the royalty, which the company challenged in the high court later in the Supreme Court. In 1989, a seven-judge bench of the apex court ruled in favour of India Cements. “… we are of the opinion that royalty is a tax, and as such a cess on royalty being a tax on royalty, is beyond the competence of the State Legislature…,” said the verdict.

Growing demand for the lithium used in batteries for electric vehicles and energy storage has created a new frontier for mining in Nigeria

Amnish Aggarwal, Head of Research, Prabhudas Lilladher, says in the IT sector, a lot depends on how the growth momentum pans out. But there are a lot of expectations built into what happens in the developed markets once Trump assumes the chair next month and that is getting reflected. Also the domestic growth scenario looks quite mixed in many sectors. So, IT looks to be safer and more defensive in comparison to some of the segments. If you are looking at the sector-wise breakup today, PSU banks are on the back foot. But having said that, railway stocks are doing quite well, while defence has managed to come back. In fact, other industrials and public sector entities have been doing well. Does that make you believe that perhaps the dip that we saw in the public sector entities, whether defence, whether railways and all of that, is behind us and now the buying would resume? Amnish Aggarwal: One cannot put all the PSUs in one basket per se because when it comes to railways, defence and some of the other industries related to capital goods, engineering, EPC, construction, etc., there were no order flows which came in Q1. In the second quarter it picked up, but now we are in the last four months of the year, and we will see more and more order announcements happening across these segments.