Reports Financial News

In a note on Friday, analysts at corporate bond research firm Gimme Credit said they are comfortable with their buy recommendation for Cisco Systems (NASDAQ:CSCO) bonds despite concerns following its earnings release a week ago.

Ontario’s regional planning authorities are overstating the number of lots that are ready for construction by nearly a million housing units, according to a new study commissioned by groups representing the province’s building and land development industry, a discrepancy the industry says debunks any notion it is “sitting on supply.”

Quebec’s public pension manager plans to cut a significant number of jobs as part of a reorganization that will see two real estate units brought in-house to improve efficiency.

Cooler-than-expected inflation numbers have left one strategist even more skeptical of the Bank of Canada‘s conservative forecast for when the consumer price index will return to target, suggesting the door to interest rate cuts could open much sooner than the central bank has predicted.

Rajya Sabha polls, all ruling Congress MLAs in Karnataka will stay put together at a hotel here on Monday after the budget session of the state legislature concludes and will later also travel together for voting the next day. This was revealed by Karnataka Deputy Chief Minister DK Shivakumar, also the state Congress President, while speaking to reporters today about the biennial election to fill four vacancies from Karnataka in the Rajya Sabha by the elected MLAs on February 27. «We have to be careful....all the MLAs will be staying together at the hotel, we will be coming together to vote (to Vidhana Soudha on Tuesday). We have extra votes. We will do whatever is necessary to secure our party. Others are also in touch with us. I don't want to disclose it,» he told reporters here, adding that a mock voting drill would also be held. Chief Minister Siddaramaiah has called the Congress legislature party meeting at 3:30 PM on Monday in the presence of AICC General Secretary Randeep Singh Surjewala and party treasurer Ajay Maken.

JPMorgan Chase CEO Jamie Dimon has sold about $150 million of his shares in the bank, a SEC filing showed on Thursday, marking the first time the head of the largest U.S. lender has sold shares since taking charge in 2005. The bank has a market capitalization of more than $527 billion, according to LSEG data.

Mint. I spoke to Kaul for a new series we are starting called ‘Behind the Byline’. As the name suggests the series focuses on the people behind our stories.

K-Pop has lost one of its most legendary producers Shinsadong Tiger. The maestro, known for producing classics such as ‘Up & Down’ (for the girl group EXID, ‘Thriller’ for BtoB, ‘Mastermind’ by Beast, Apink’s ‘No No No’ etc, was found dead in his recording studio on Thursday. He was 41 years old. According to a report by The Korea Herald, the composer was found dead by an acquaintance, who travelled to his studio after the producer didn’t respond to calls.

American Land Title Association CEO Diane Tomb discusses her outlook for housing costs, commercial real estate fears and strategy on mortgage rates. 

Meghan Markle has tried to reach out to her estranged sister-in-law Kate Middleton, but the Princess of Wales is not in the mood to respond right now as she is recovering from surgery that she underwent recently. According to 'The Daily Mirror' the Duchess of Sussex, tried to contact Catherine after Markle's husband, Prince Harry, visited his father, King Charles III. The monarch was recently diagnosed with a new type of cancer and his younger son came from the US to see him.

Trinamool Congress leader Derek O'Brien on Friday said there has been «no change» in the party's stand of contesting all 42 Lok Sabha seats in West Bengal, a few in Assam and one seat in Meghalaya, amid reports about the Congress soon finalising its seat-sharing arrangements with the party. The Congress and the Mamata Banerjee-led TMC, which are part of the opposition bloc INDIA, are said to have revived their talks to unitedly take on the BJP-led NDA in the Lok Sabha polls, due in April-May. However, O'Brien, the TMC leader in the Rajya Sabha, said, «A few weeks ago...West Bengal Chief Minister Mamata Banerjee stated that TMC is fighting all the 42 seats in Bengal. We are also in the fray in a few seats in Assam and the Tura Lok Sabha seat in Meghalaya. There is no change in this position.»

power-sharing deal already inked, the Pakistan Muslim League-Nawaz and the Pakistan Peoples Party are moving ahead with plans to form a coalition government by March 2 and hold the presidential election before March 9, according to a media report on Friday. The Pakistan Muslim League-Nawaz (PML-N) led by three-time prime minister Nawaz Sharif will be backed by the Pakistan Peoples Party (PPP) of former foreign minister Bilawal Bhutto-Zardari has agreed to form a new government after the February 8 elections resulted in a hung Parliament. Former prime minister Shehbaz Sharif, 72, is set to return to the top post after his elder brother Nawaz, decided to nominate the PML-N president for premiership. The party has clarified that the three-time former prime minister did not want to lead a government in which the PMN-L does not have a majority in Parliament.

Asset Reconstruction Companies (ARCs) sector is expecting to notch up reasonable growth in Assets Under Management (AUM) and may cross the Rs 10 lakh-crore-mark this fiscal, up from Rs 8.48 lakh crore a year ago, according to a report. According to the report by Crisil Ratings, which was released at an Assocham seminar on ARCs/stressed assets here on Friday, the sector must now look to consolidate as the Non-Performing Assets (NPA) problem has been «well contained». The book value of bad loan sales to ARCs is likely to cross the Rs 10 lakh crore-mark by next month from Rs 8.48 lakh crore in March 2023, the report said.

Reuters, Israel aims to maintain security control over all land west of Jordan. This includes the occupied West Bank and Gaza - the territories where the Palestinians hope to establish an independent state. Besides, Netanyahu's plan also suggested way to replace Hamas rule in Gaza while maintaining public order.

₹3,000 from ₹300 but even today farmers are buying it at ₹300 because the govt took the responsibility on its shoulders...We are sincerely working on the issues regarding farmers," Sitharaman told ANI. Union information and broadcasting minister Anurag Thakur also urged the protesting farmers to not follow the path of violence and said the government is ready for further talks. “The first request is to all the protesting brothers not to adopt the path of violence.

By Amruta Khandekar and Bansari Mayur Kamdar

BofA raised its price target for Dell Technologies (NYSE:DELL) to $98 from $82 per share in a note Friday, maintaining a Buy rating on the stock.

Greater Noida and Greater Noida West may get connected to the RRTS high-speed rail network in the Delhi-Meerut route if proposals of NCRTC (National Capital Region Transport Corporation) gets through. The NCRTC has reportedly proposed three potential routest for RRTS or Regional Rapid Transit System to connect the Greater Noida and Greater Noida West regions. A decision on the proposals is expected in a week, as per a report of the Indian Express.

Trinamool Congress (TMC) on Friday blamed the BJP for trying to aggravate the situation in restive Sandeshkhali by foiling every effort to restore peace and normalcy in the area even as the administration and police are working overtime to reach out to every villager to address their grievances. Addressing a press conference here, senior minister Chandrima Bhattacharya said the administration has full control over the situation and is diligently addressing every complaint and grievance of villagers. «The administration is in charge, with BDO and police officers working tirelessly. Every complaint is being thoroughly examined and promptly addressed. However, whenever there is a semblance of normalcy being restored, BJP leaders such as Sukanta Majumdar and Locket Chatterjee rush in to exacerbate the situation. The BJP shows no concern for the women of Sandeshkhali; their only agenda seems to be to sow chaos for electoral gains,» she said. Bhattacharya and another senior minister, Shashi Panja, both strongly reacted when a reporter compared the situation in Sandeshkhali to that of Singur and Nandigram during the erstwhile CPI(M) regime in 2007-08.

Losses incurred by the German central bank rocketed into the tens of billions in 2023 due to higher interest rates, requiring it to draw on the entirety of its provisions to break even.

A 2022 Citi report predicted that the Metaverse economy could be worth up to $13 trillion by 2030. While the buzz has since subsided, the BIS says that if the metaverse does succeed there will be important implications for the digital economy that will see new demands on payment services, "for instance that they be fast, programmable and cross-border". Metaverse promotors such as Meta have talked up the role of cryptocurrencies and stablecoins. However, the BIS paper argues for the importance of competition, interoperability, consumer protection and data privacy. With this in mind, CBDCs and interlinked domestic fast payment systems could prove better options.