Target Financial News

All but one of Canada’s six biggest lenders now expect the central bank to cut borrowing costs by half a percentage point after inflation cooled by more than expected last month.

Canada’s inflation rate fell to 1.6 per cent in September, dropping well below the Bank of Canada’s two per cent target and increasing bets that the central bank will accelerate cuts to its policy interest rate.

Inflation in September rose 1.6 per cent, the slowest year-over-year increase in more than three years and well below the Bank of Canada‘s target of two per cent.

Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

The suite of ETFs includes a trio of funds that use Robeco's 3D investment approach, which targets a balance between risk, return and sustainability. These comprise a global equity UCITS ETF, a US equity UCITS ETF and a European equity UCITS ETF. A further 3D emerging markets ETF is slated for launch in the first quarter of 2025.  Robeco brings multi-thematic strategy to market The fourth fund launching today is the Dynamic Theme Machine UCITS ETF, which uses Natural Language Processing (NLP) techniques to search for investment ideas ahead of the market, while an additional review ...

In an update on the six months to 30 September 2024, classed as H1 2025 by the firm, Tatton said it had seen record inflows of £1.8bn compared to net flows of £0.9bn during the same period last year. By the end of September, AUM stood at £19.9bn, an increase of 35% (£5bn) on last year. Net inflows averaged £305m per month in H1, compared to £192m per month in the previous fiscal year. Tatton sets £30bn AUM target following 13.9% rise in revenue The inflows were supported by investment performance adding £0.5bn, with a combined contribution to AUM of £2.3bn, a 27% increase. Ta...

inflation slowed sharply in September, falling below the Bank of Canada’s two per cent target, Statistics Canada reported Tuesday.Annual inflation was 1.6 per cent in the month, down from two per cent in August, thanks largely to continually lower gasoline prices, the agency said.The yearly price pressures are now at their lowest levels since February 2021, StatCan said.Price hikes at the grocery store remained steady at 2.4 per cent year-over-year. Despite annual declines for seafood and nuts and seeds, fresh or frozen beef prices were up 9.2 per cent last month, edible fats and oils cost 7.8 per cent more and egg prices rose 5.0 per cent annually.Prices for airfare were down 4.4 per cent in September and fell 14.3 per cent on a monthly basis, which StatCan noted was typical of seasonal trends heading into the fall.While rent and higher mortgage costs continue to lift inflation, there was some cooling on the shelter front in September as well.

Baba Siddique has reignited focus on the notorious Bishnoi gang and its leader, Lawrence Bishnoi. Siddique, a 66-year-old Nationalist Congress Party (NCP) leader and former minister, was gunned down outside his son's office in Bandra East, Mumbai, on Saturday night. The attackers, who fired multiple rounds at him, claimed to belong to the Bishnoi gang, whose leader remains incarcerated in Gujarat's Sabarmati Jail.

covert operations on Canadian soil. The accusations center on the alleged involvement of Indian agents in the killing of Sikh separatist Hardeep Singh Nijjar, who was shot dead in British Columbia in June last year. Canadian authorities have now claimed that Indian agents are working in collaboration with criminal gangs, including the Bishnoi gang, to carry out covert operations targeting South Asian Canadians. Canadian Prime Minister Justin Trudeau reiterated his government’s stance at a press conference, saying, “Canada will never tolerate the involvement of a foreign government in threatening and killing Canadian citizens on Canadian soil.” He emphasized that the findings of the Royal Canadian Mounted Police (RCMP) provided “clear and compelling evidence” that agents of the Indian government are engaged in activities that pose a significant threat to public safety. Trudeau detailed the evidence, stating, “This includes clandestine information gathering techniques, coercive behavior targeting South Asian Canadians, and involvement in over a dozen threatening and violent acts, including murder. This is unacceptable.”

trade ties with the country immediately, a government source said on Tuesday. Canadian funds are also not expected to change their stance on India, the source added. Relations between India and Canada plummeted on Monday after Ottawa linked India's high commissioner and other diplomats to the murder of Sikh leader Hardeep Singh Nijjar on its soil and accused New Delhi of a broader effort to target Indian dissidents in Canada.

France’s new government has unveiled its 2025 belt-tightening budget bill, with plans for major tax hikes and spending cuts aimed at tackling the country’s giant deficit

Shares of Reliance Industries (RIL) tumbled 2.3% in Monday’s trading session to Rs 2,681.25 on the BSE after six brokerages reduced the target price of the stock to as low as Rs 2,990 after weak Q2 results posted by the company. RIL on Monday reported a 5% decline in its consolidated net profit to Rs 16,563 crore for the quarter ended September 2024. The same stood at Rs 17,394 crore in the year-ago period.

In her closing speech at Labour's International Investment Summit yesterday (14 October), Reeves said the NWF will have £27.8bn at play to invest into «clean energy and growth industries». She is also working on legislation to bring infrastructure into the Fund's mandate permanently. Labour turns to 'kitchen sinking' ahead of Budget as it faces 'Herculean task' to revive growth In the Labour Party's manifesto, it committed to target a ratio of £3 of private funding for every £1 of government investment. At the Summit, Reeves said: «When we said we would end instability, make gro...

Lawrence Bishnoi gang to Indian government agents while alleging “use” of “organised crime elements” to target the pro-Khalistani elements. The accusations comes as the ties between the two nations started deteriorating further with India expelling six Canadian diplomats, hours before Canada’s foreign ministry announced the expulsion of six Indian diplomats. Indian diplomats and consular officials based in Canada leveraged their official positions to engage in clandestine activities, such as collecting information for Indian govt that was used to target members of the South Asian community, alleged Royal Canadian Mounted Police (RCMP) that is handling the probe into the Hardeep Singh Nijjar murder case. RCMP had arrested three persons in the Nijjar case in May this year. Canada's Justin Trudeau on the claims said «As the RCMP Commissioner stated earlier, they have clear and compelling evidence that agents of the Government of India have engaged in and continue to engage in activities that pose a significant threat to public safety, including clandestine information gathering techniques, coercive behaviour targeting South Asian Canadians, and involvement in over a dozen threatening and violent acts, including murder.»

The BSE Sensex was trading 237 points, or 0.29%, higher at 82,210. The Nifty50 was up 65 points, or 0.26%, trading at 25,193 around 9:20 am.

HCL Tech and RIL, while Jefferies has maintained its buy rating on HDFC Bank. HSBC also has a buy view on Maruti Suzuki, whereas Investec has retained its sell rating on HCL Tech. We have compiled a list of recommendations from top brokerage firms from ET Now and other sources:

For several years, the country has fallen well short of the rosy visions proclaimed by its leaders. India should become the first major economy to industrialize without carbonizing, to paraphrase its Group of 20 sherpa Amitabh Kant. Prime Minister Narendra Modi promised to connect 500 gigawatts of clean energy by 2030, equivalent to all the generators in France, Germany and Italy put together. The picture on the ground has, until recently, been very different. A previous aspiration to hit 175 GW by 2022 came in 40% below target, and had to be fudged to avoid embarrassment. Ill-advised tariffs on solar panels, combined with contractual and political support for fossil fuels and constant changes to the rules of renewable power auctions, made matters worse.

UBS has initiated coverage on Ramkrishna Forgings with a 'Buy' rating and a target price of Rs 1,500, indicating an upside potential of 46% from the previous closing price of Rs 1,030 per share. UBS pointed out visible earnings drivers that suggest the potential for future upgrades. Despite Ramkrishna Forgings holding a global market share in the low single digits, this indicates substantial growth potential.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...