Reports Financial News

The Federal Reserve’s decision Wednesday to keep its benchmark rate at a two-decade high should have ripple effects across the economy

U.S. stocks closed higher and trimmed their losses for the week

U.S. stocks closed higher and trimmed their losses for the week

Companies continued rewarding investors with healthy dividends in 2023 even as they tread more cautiously with returning profits through stock buybacks

The Bank of Canada’s policy interest rate may fall 100 basis points below that of the Federal Reserve’s “without policymakers batting an eye,” according to economists at one of the country’s largest lenders.

The Greater Toronto and Hamilton Area (GTHA) condo rental market has experienced a significant downturn, marked by the largest six-month decrease in rent prices in the past 15 years.  

Toronto-Dominion Bank, which is in the midst of several probes over its anti-money-laundering controls in the United States, has been hit with a financial penalty of nearly $9.19 million for several instances of non-compliance with Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

Ottawa’s hike to the capital gains tax has been slammed as a blow to Canada’s productivity, but closer to home, it will also hit your stock portfolio, say analysts.

Congratulations! You’ve filed your 2023 tax return by the April 30 deadline and you’re awaiting your formal notice of assessment from the Canada Revenue Agency.

Rebel Wilson, renowned for her role in the Pitch Perfect trilogy, has dropped a bombshell hinting at the development of Pitch Perfect 4, suggesting that the franchise is set for a revival. While the last installment of the musical comedy series graced screens in 2017, speculation about the continuation of the franchise has persisted, fueled by Wilson's recent revelation.

Boris Becker is reportedly joining a reality show on Netflix. Former Wimbledon Championships and US Open winner Becker will reportedly take part Netflix reality show "Bear Hunt", as per a report on Mirror. «Bear Hunt» will be hosted by Holly who is a former «This Morning» star. Popular adventurer Bear Grylls will also be part of the show.

train drivers for definite time intervals to have food and respond to the nature's call. The Ministry of Labour has constituted a high-powered committee to work out the modalities «to provide defined time intervals for food and attending calls of the nature while on duty for the Loco Running Staff of the Indian Railway». The initiative is in line with the International Labour Organisation's (ILO) Hours of Work (Industry) Convention, 1919, which has been ratified by India.

Knuckles, which is a spinoff of the Sonic the Hedgehog franchise that stars Idris Elba, Cary Elwes, Christopher Lloyd, Adam Pally, Rory McCann, and others, has seen a pilot episode release on Paramount+, according to a MovieWeb report. The pilot episode has already been released on the platform and has a special deal in terms of viewership.

China and Russia to commit to the use of nuclear weapons by only humans and not technology supported by automatic systems such as Artificial Intelligence (AI), as per a report on Independent. Underlining the importance of it, Paul Deans who serves in the State Department’s Arms Control Division stated that the US has a clear commitment to this principle and was supported by Britain and France, in this regard. “We would welcome a similar statement from China and the Russian Federation” said Dean who is the Deputy Assistant Secretary in the Bureau of Arms Control, Deterrence and Stability.

Doja Cat is known for her tastes in fashion. One thing that often stands out is her bold Y2K approved rings. Akin to Britney Spears, Doja Cat has also been spotted with her long blonde hair to oversized fur boots and the constant Y2K rings. This is an AAPI owned jewelry brand. This brand of rings is close to selling out, according to various reports. The singer in her numerous posts on Instagram (a Meta Product) as well as in her music video ‘Paint the Town Red’ can be seen with the enamel rings. Further, in her video for the Scarlet Single, she is seen sporting the Adjustable Flower Bomb Style along with the ‘Kiss me more ring’.

LPL has broadened its profile in the Northeast with the addition of a father-son advisor duo in Michigan.

A new study from Fidelity Investments offers an insightful look into the financial behaviors and future expectations of Asian American and Pacific Islander communities in the US.

The head of the Bank of Canada says there’s a “limit” to how much Canadian monetary policy can diverge from the United States as market watchers see earlier cuts coming north of the border.

NephroPlus, India's largest dialysis chain, said it has raised $103 million (₹860 crore) in a Series F funding round from Quadria Capital through a mix of fresh capital infusion and a secondary sale aimed at driving expansion plans within India and targeted markets overseas. The primary component is ₹100 crore. Quadria will become a minority shareholder post the latest round of funding which valued NephroPlus at more than ₹2,000 crore. Quadria will have a slightly higher stake than Bahrain-based Investcorp, which was the largest shareholder in the company prior to the latest round at 35-40%.

green cells' with dedicated employees for climate-specific initiatives. These measures are part of the Enhanced Access and Service Excellence (EASE) reform version 7.0, which was rolled out last week. A senior bank executive said that one of the major focus areas of PSBs in FY25 will be developing capabilities for raising green funds and increasing their green lending portfolios. «Banks will set up specialised cells that will also focus on physical and transition risk in the existing loan portfolio and new loan opportunities,» he said, adding that other responsibilities include assessment of the environmental, social and governance (ESG)-related risks of borrowers through data. According to a report by the Reserve Bank of India, the country's green financing requirement is estimated to be at least 2.5% of GDP annually until 2030. Earlier this year, the banking regulator came out with draft guidelines on the disclosure framework for climate-related financial risks in 2024. The draft also proposes a glide path for detailed disclosures by regulated entities (REs) in the areas of governance, strategy, risk management, and metrics and targets.

Loblaw’s new chief executive, as well as chairman Galen Weston, pushed back on what they called “misguided criticism” of the grocer as a push to boycott the company gains steam online.