Country Financial News

Canada will now welcome over 485,000 new immigrants each year, which is the highest level in its history. Canada will target the admission of 485,000 new immigrants in 2024, and 500,000 in 2025 and 2026 each year. However, the country's immigration levels will remain unchanged from its current targets, according to new plans.

Investing.com-- Most Asian stocks rose on Thursday, buoyed by a rally in the technology sector as somewhat middling comments from the Federal Reserve spurred bets that the central bank was done with its run of interest rate hikes. 

Origin Energy's largest shareholder on Thursday said it would vote against a «best and final» A$16.40 billion ($10.55 billion) offer from a Brookfield consortium for Australia's biggest energy retailer, throwing the deal's future into doubt. AustralianSuper said in a statement the consortium's A$9.53 per share offer, an 8% increase over the previous A$8.81 apiece bid, remained «substantially below» its estimate of Origin's long-term value. «AustralianSuper believes Origin has a highly strategic portfolio of assets to participate in, and benefit from, the energy transition,» a spokesperson said. Origin shares plunged as much as 5.6% to A$8.565 in high-volume trading following the news, as AustralianSuper's 13.68% holding could scupper a deal that requires approval from 75% of the register if not all investors vote. Hours earlier, the consortium led by Canada's Brookfield, which also includes EIG's MidOcean Energy, said the increased offer was its «best and final» proposal, meaning it cannot be increased unless a rival offer emerged. Brookfield did not respond immediately to a request for comment after AustralianSuper's announcement. AustralianSuper, the country's largest pension fund with A$300 billion in assets, on Tuesday had already rejected the prior offer, saying it was «substantially below» its estimate of long-term value as the country moves toward net-zero emissions by 2050. «If AustralianSuper is rejecting it, the likelihood of the deal going ahead is very low,» said Jamie Hannah, deputy head of investments and capital markets at VanEck, which owns a 0.3% stake in Origin. «I think the deal is back at the drawing board at the moment.» Should the deal fail at the shareholder vote scheduled for Nov.

Oil prices edged higher in early trade on Thursday as the conflict in the Middle East kept investors on edge about whether it could disrupt oil supplies around the region. Brent crude futures rose 38 cents at $85.01 a barrel by 0000 GMT, while U.S. West Texas Intermediate crude futures gained 46 cents at $80.90 a barrel. Iran's Supreme Leader Ayatollah Ali Khamenei called on Muslim states to cease oil and food exports to Israel, demanding an end to its bombardment of the Gaza Strip, state media reported. Iran, a member of the Organization of the Petroleum Exporting Countries (OPEC), produced around 2.5 million barrels per day of crude in 2022, according to U.S.

Jerome Powell holds a press conference after the U.S. central bank made a decision on interest rates.

A post shared by SHUBH (@shubhworldwide) However, some people on the Reddit platform said even if he committed a mistake he should have apologised. "He should have called out that he does not support khalistani terrorism. he is just saying I did not see the image.

The Kremlin believes the number of crypto transactions conducted in Russia has risen by three times in 2023, with transfer volumes “doubling.”

rupee on Wednesday closed at a new low versus the US dollar as risk aversion ahead of the Federal Reserve's statement, overseas investment outflows from Indian equities and dollar demand from oil importers exerted pressure on the local currency. The rupee settled at 83.29 per US dollar on Wednesday, a new record closing low. The local unit had settled at 83.25 per US dollar on Tuesday.

The U.K. government said Wednesday that it will invest £225 million, or $273 million, into an artificial intelligence supercomputer, highlighting the country's ambition to lead in the technology as it races to catch up to the U.S. and China.

WASHINGTON (Reuters) -The U.S. House of Representatives will vote on Wednesday on whether to expel Republican Congressman George Santos after he was indicted on corruption charges, a highly unusual move that could erode his party's narrow majority.

By Marcela Ayres

A jury in Illinois has ordered Chicago-based Conagra Brands to pay $7.1 million to a Pennsylvania woman who was badly injured in 2017 when a can of cooking spray ignited in a commercial kitchen at her workplace and set her aflame

DoorDash reported better-than-expected sales in the third quarter as it gained users and they ordered more frequently

Turkey is taking steps to toughen its crypto regulations in an effort to convince the Financial Action Task Force (FATF), an international financial crime watchdog, to remove it from the “grey list” of countries that have not done enough to combat money laundering and terrorist financing.

Maruti Suzuki India Ltd has cut its fiscal year passenger vehicle wholesale estimates for the industry, and now expects growth in the range of 5.5-6.5% from the previous estimate of 5-7%. “Now, the stock level is high at 335,000 units, roughly equivalent to 30 days of sales. The first 15 days of November are auspicious, especially for the northern and central parts of the country, and November will depend on how the first 15 days of retail have happened.

NEW DELHI : Apple and the central government have set up technical teams to examine messages that the tech giant sent to several opposition politicians and journalists warning that their iPhones may have been targeted for “state-sponsored attacks", said a top official, asking not to be named. The official added that Apple had agreed to be part of the investigation that the government was launching after protests by the recipients of the message. “Technical teams to look into the issue have been assembled by both sides.

₹3,200 crore across segments in the country. “We are looking to invest ₹3,200 crore in the next few years up to 2026. Be it electric vehicle, efficiency, smart home, microgrid, or prosumer story," he said.

NEW DELHI : Prime Minister Narendra Modi and his Bangladesh counterpart Sheikh Hasina on Wednesday launched three India-assisted development projects, two of which are expected to boost trade and improve connectivity with the Northeastern states. “In this journey of nine years, the inauguration of the Akhaura-Agartala rail link today is a historic moment. This is the first rail link from India’s northeastern states to Bangladesh," said Modi at a joint press briefing.

Across the country, family members of children, parents and other relatives struggling with the disease of addiction are facing new financial burdens whether it’s missing work, blowing through their savings or becoming parents again in their 60s and 70s

Delegates from 28 nations, including the U.S. and China, have agreed to work together to contain the potential “catastrophic” risks posed by galloping advances in artificial intelligence

The European Commission chief urged Bosnia to “with one voice” if it wants to move forward in an effort to join the European Union after gaining candidate status last year