Target Financial News

Bolivia’s embattled president has announced the discovery of vast natural gas reserves just north of the capital, describing it as the biggest find in nearly two decades that could help the cash-strapped country reverse its falling production

Chair Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point

₹45 trillion (if fiscal deficits could make countries rich, then no country would be poor), reversing the shift from revenue spending to capital expenditure (improving productivity requires allocating even more than last year’s high of ₹10 trillion), or crowding out defence and police spending (about ₹8 trillion) with welfarism. The next budget should pray to the one god of formal non-farm jobs with five non-fiscal interventions that will raise the productivity of formal, non-farm employers.

Gold prices jumped to an all-time peak on Wednesday, driven by mounting hopes of a U.S. interest rate cut in September after recent comments from Federal Reserve officials. Spot gold was up 0.5% at $2,479.75 per ounce, as of 0158 GMT, after hitting a record peak of $2,481.09 earlier in the session. U.S. gold futures gained 0.6% to $2,482.00.

dollar, prompting more warnings from Japanese officials after last week's suspected intervention. Federal Reserve Chair Jerome Powell said at an event on Monday that recent inflation data bolstered policymakers' confidence that price pressures are on a sustainable path lower.

Mint presents several articles that identify some of the areas where changes are needed. Each will involve a combination of policies and programmes, and the details can only evolve over time. This article focuses specifically on the Budget and what signals it could send.

It’s an introspective week on Wall Street as a slew of banks and brokers report their second quarter earnings. Financial advisors, of course, are taking note as well, deciding whether they want to be buyers or sellers of some of their competitors shares.

Black Friday sales had all the spotlight in the US as consumers used to wait throughout for these sales but after Amazon Prime Day sales stepped in during the year 2015, and was observed in just six countries initially, the focus of online shopping sales somehow shifted entirely to Amazon.

Gaza Strip on Tuesday, and Palestinian health officials said at least 57 people were killed in Israeli bombardments of southern and central areas. In Rafah, where Israeli forces have been operating since May, five Palestinians were killed in an airstrike on a house, Gaza health officials said. In nearby Khan Younis, a man, his wife, and two children were killed, they said. Later on Tuesday, an Israeli airstrike on a car killed at least 17 Palestinians and wounded 26 others in Khan Younis in southern Gaza, the officials said. The airstrike hit near a tented area housing displaced families in Attar Street in the humanitarian-designated area of Al-Mawasi, the health ministry said. The Israeli military said the strike targeted a senior militant of the Islamic Jihad group, an ally of Hamas.

Canada’s annual inflation rate slowed to 2.7 per cent in June from 2.9 per cent a month earlier, a softening that removes at least one obstacle to another potential Bank of Canada interest rate cut next week.

June’s consumer price index inflation data should be a welcome sign for Canadians hoping for an interest rate cut next week, according to some of the country’s top economists.

In this article

Gold prices rose on Tuesday as comments from Federal Reserve Chair Jerome Powell bolstered the case for a September rate cut, while investors awaited more U.S. economic data for further monetary policy cues. Spot gold gained 0.8% to $2,440.29 per ounce by 1207 GMT. The bullion hovers only slightly below the record high of $2,449.89 hit on May 20.

inflation data is allowing the Federal Reserve to begin a «very reasonable» shift toward easing rates, but a still-strong U.S. labor market means that there's no rush to make decisions, International Monetary Fund chief economist Pierre-Olivier Gourinchas told Reuters. Gourinchas said in an interview accompanying the release of new IMF growth forecasts on Tuesday it is better for the Fed to wait a bit longer to ensure there are no further upside surprises on inflation like those in the first quarter that delayed expected rate cuts to later this year. «Given the good news on inflation, it's very natural that the Federal Reserve is now starting to look at what's happening in the labor market and wanting to make sure that they don't overdo it» with tight monetary policy, Gourinchas said.

Countries that adopted such a trajectory have manufacturing’s share at 20%+ of their gross domestic product. Despite the reforms and initiatives, India’s manufacturing ecosystem continues to face challenges on key investment criteria on account of low labour productivity, high logistics and power costs, and limited innovation.

Moody’s expects the Federal Reserve to begin policy easing with a 25 basis points (bps) cut as early as in the 30-31 July meet. “The CPI data confirms our view that the hotter-than-expected inflation prints in the first quarter were from one-time price adjustments at the start of the year. The rapidity with which the labour market has cooled suggests that the drag from tight monetary policy is growing. If the Federal Open Market Committee decides to hold the federal funds rate at the current 5.25-5.50% in the July meeting, the labour market will likely weaken further, raising the chance of a larger 50 bps cut in September,” said Madhavi Bokil, Senior Vice President at Moody’s Ratings.

Amit Shah on Tuesday accused the Congress of being anti-backward classes and said if the party comes to power in Haryana, it will snatch the reservation for them and give it to Muslims. Addressing a 'Backward Classes Samman Sammelan' here, Shah referred to the Kaka Kalekar Commission formed in the 1950s to provide reservation to Other Backward Classes (OBCs) and said the Congress did not implement its recommendations for years. «In 1980, (the then prime minister) Indira Gandhi put the Mandal Commission in cold storage. In 1990, when it was accepted, Rajiv Gandhi gave a two-and-a-half-hour speech and opposed OBC reservation,» the Union minister said. «In Karnataka, the Congress snatched reservation for backward classes and gave it to Muslims. The same will happen here if they come (to power) here,» Shah said.

Coinbase has slimmed down its subpoena to Gary Gensler, the Chair of the United States Securities and Exchange Commission (SEC).

«Now it is high time and looking at the patterns and volumes, it looks like there can be further upside to all this realty and infra stocks even considering the budget is on the next week,» says Vishal Malkan, malkansview.com. Let us start with your view coming in just on the overall benchmark indices as well as in terms of if you would look at the Nifty Bank also what is it that we are watching out here? Vishal Malkan: I think Nifty and Bank Nifty are sustaining above the resistance levels which were there for 24,500 and 52,400 for both respectively. That means there is an undertone which is very strong, though the indices are not going in a big way, but we have sector performance and stock specific movement are great, so we should focus on that.

Indian Army soldiers, including an officer, lost their lives during an encounter with terrorists in Doda district, Jammu and Kashmir. This incident marks the 48th such loss of Army personnel in the region over the past 32 months. There has been a recent surge in terror attacks in Jammu and Kashmir with terrorists changing tactics to target the peaceful Jammu region in place of heavily secured Kashmir.

Malaria vaccine: Ivory Coast has become the first country to deploy a malaria shot developed by Serum Institute of India Ltd., the world’s largest vaccine maker, and the University of Oxford.The first doses of the R21 immunization were administered on Monday to children in Abidjan, the commercial capital of the West African country, the developers and their partners said in a statement — the second malaria vaccine to go into use.“The new vaccine has been authorized by Ghana, Nigeria, Burkina Faso and the Central African Republic, and many others are preparing to receive shipments," they said in the statement. A total of 656,600 doses have been received, which will initially vaccinate 250,000 children from newborns to 23 months across 16 regions of Ivory Coast.The vaccine was recommended in 2023 by the World Health Organization for use in Africa for children under five years old, the age group there that bears the brunt of a disease that kills more than 600,000 people per year.