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Subscribe to enjoy similar stories. Intervening on behalf of like-minded developing countries (LMDCs), India said that developed countries need to commit to provide and mobilise at least $1.3 trillion every year in the New Collective Quantified Goal (NCQG) till 2030.

SlateStone Wealth chief market strategist Kenny Polcari discusses Fed Chair Powells job performance and the steps Trump will take to expand the economy on Varney & Co.

Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next

Pralhad Joshi has proposed formation of a task force in consultation with the Ministry of Power to push efforts to meet India's ambitious target of having 500 GW renewable energy capacity by 2030. The minister for new and renewable energy has also urged industry players and stakeholders to devise strategies which would help the country meet the target in a time-bound manner. Speaking at an event in Bhubaneswar, the minister proposed the formation of a task force, in consultation with the Ministry of Power, to align the efforts of all stakeholders towards meeting the 500 GW target, the ministry for new and renewable energy (MNRE) said in a statement on Thursday. India has already achieved 212 GW of energy from non-fossil fuel sources and is on track to exceed the 2030 target, he said.

Subscribe to enjoy similar stories. TEL AVIV—Israel is expanding its ground operation in southern Lebanon, sending troops into villages farther from its border, in what some former senior security officials worry could turn into a war of attrition. On Thursday, Israel’s military for the second day in row said its troops were reaching new targets in southern Lebanon.

Subscribe to enjoy similar stories. Federal Reserve Chair Jerome Powell said recent signs of economic health would allow the central bank to take its time in deciding how quickly to continue reducing interest rates. “The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said in remarks prepared for delivery at a talk in Dallas on Thursday.

neutral call on BSE with a target price of Rs 4,500. The current market price of BSE is Rs 4609.5. BSE Ltd, incorporated in 2005, is a Small Cap company with a market cap of Rs 62219.65 crore, operating in Financial Services sector. BSE's key products/revenue segments include Fees & Other Charges for the year ending 31-Mar-2024.

BEIJING — China on Friday reported strong growth in retail sales and a steep decline in real estate investment in October, signaling that the country's recent stimulus push has already bolstered certain sectors of its flagging economy.

CLSA said Reliance Industries’ shares offer an “attractive entry point” at the current levels. Retaining its ‘Outperform’ rating with a price target of ₹1,650, implying a 30% upside. The firm said the start of new energy projects is a potential catalyst for the stock. RIL shares were up 1.2% at ₹1,266.9 on Thursday. “Reliance Industries stock has cooled off from its all-time highs as a delay in the possible IPOs of Jio and/or Retail led to reduced excitement towards the stock. Slowing growth in the retail business has been another negative,” said CLSA’s analysts in a client note.

Rising electricity demand and ambitious targets for renewable energy capacity expansion, over the next few years led to fund managers buying stocks like NHPC, KEI, Inox Wind Energy and IEX. With government spending likely to resume in the second-half of the fi nancial year, some fund managers bought into cement stocks like Ramco Cement and Ambuja Cement.

Subscribe to enjoy similar stories. Driven by global standards and practices, companies engaged in mergers and acquisitions (M&As) are increasingly placing strong emphasis on diversity and inclusion (D&I) policies when evaluating potential deals, especially when it comes to cross-border deals. “Today, deals are getting delayed if certain aspects are not in order.

Dogecoin (DOGEUSD) has been one of the biggest gainers following the election of Donald Trump last week, and the cryptocurrency meme coin got another boost this week when the president-elect announced the creation of a new agency that carries the acronym DOGE.

Canada’s economy has been falling behind the United States — in fact, most major economies — for some time now, but the election of Donald Trump threatens to widen that record gap even further, say economists.

Microsoft Corp. and Royal Bank of Canada have agreed to buy carbon dioxide removal credits from Canada’s first commercial facility to suck carbon from the air.

The ETF strategy, launched on Xetra and Borsa Italiana in October this year, was listed on the London Stock Exchange via the UK's Overseas Funds Regime (OFR). PTAM offers investors exposure to the US bonds market and employs its own ‘Shape Management' methodology, which targets long-term performance and stable growth across both rising and falling rate environments. European active ETFs double their AUM as passives gain popularity across the continent Following the launch of PTAM to the UK market, HANetf now has five active ETFs on its platform. The move comes as active ETFs are...

The ETF behemoth is launching the fund in a bid to capitalise on the performance of the top 20 largest companies in the S&P 500 Index, which BlackRock noted have contributed 68% of the index's return over the past three years. These include companies in the technology, consumer goods, communication, healthcare and financial services sectors. PT Asset Management and HANetf partner to list active US bond ETF on London Stock Exchange Targeting first-time investors, portfolio builders, financial advisers, as well as institutional investors, the iShares S&P 500 Top 20 UCITS ETF has an e...

In a London Stock Exchange notice today (14 November), the board said the trust's name will now become BlackRock American Income trust. The directors noted that keeping the term 'sustainable' would require adopting a label under SDR, which would mean amendments to the trust's investment policy and objective would have to be made. Lack of clarity keeps retail investors from getting on board with SDR labels «The board believes the [trust's] current investment philosophy and process, targeting US quality and value stocks and seeking to deliver a superior ESG outcome, remains appropria...

Money is a focus at COP29 whose success is likely to be judged by whether it can agree a new target for how much richer countries, development lenders and the private sector must provide each year to help developing countries finance the transition to greener energy and protect against extreme weather. Reaching a deal is likely to be especially hard at a summit where the mood has been soured by disputes and pessimism about shifts in global politics.

Subscribe to enjoy similar stories. Has there ever been a grimmer backdrop to the world’s most concerted attempt to avert global warming? CoP-29, the annual conference for the United Nations Framework Convention on Climate Change, is happening in Baku, Azerbaijan, one of the birthplaces of the modern oil industry and (according to civil liberties group Freedom House) among the most oppressive societies on the planet. Leaders from China and the US, which account for about 45% of the world’s carbon footprint, aren’t attending—and US President Joe Biden is a ‘lame duck’ after the Republican Party’s electoral sweep.

Justin Trudeau’s plan to drastically slash immigration targets, but the move has done little to boost his waning popularity, a new poll suggests. Despite three in four respondents agreeing with the immigration reduction, just over half said it has no impact on their impressions of Trudeau, according to a survey by Nanos Research Group for Bloomberg News. Some 17% stated it negatively affected their opinion of the prime minister, while 28% reported a positive impact. Trudeau’s government last month slashed the number of annual permanent-resident admissions by more than 20%, the first cut to a key immigration group in more than a decade. Combined with a plan to shrink the population of foreign students and temporary workers, the policy is a sharp reversal aimed at restoring confidence in the country’s immigration system as well as Trudeau’s Liberal Party.

Laurence Balanco of CLSA says Nifty has completed this topping pattern that had formed between August and October – the classic head and shoulders reversal – and that still gives a downside target around 22,800. The midcap sector has also rolled over from the rounding topping pattern that we have had for the past six months and not yet met the minimum downside targets. There is no evidence of slowing in downside momentum and the relative underperformance continues. Be patient and wait for those opportunities to develop. Balanco also says that while we have been down for roughly a quarter, the consolidation can take another quarter. So, this is a process of three to six months which will give us a platform for a resumption of the longer-term uptrend. Let us understand the way the world is getting divided. There is an emerging market basket which is moving lower and then there is a developed market basket which is moving higher. I am mainly talking about the US market here. Do you think there is a sizable disconnect between what the developed markets are doing versus where emerging markets are moving? Could that extend for another quarter or so? Laurence Balanco: It is quite interesting.