Target Financial News

UBS Group’s appetite for acquisitions goes beyond its mega-deal last year to purchase the distressed Credit Suisse Group, with the chair of UBS saying over the weekend that its next set of targets is likely to be wealth management firms in the United States, starting a few years from now.

Finra slapped online brokerage firm M1 Finance with an $850,000 fine for violations related to its social media influencer program.

Key central bank meetings, including the Fed, and important macro data are on the agenda amid a busy week for the financial markets.

inflation likely flared up again in February amid higher gasoline prices, reinforcing the expectation that the journey back to two per cent inflation will be a bumpy one.Statistics Canada is set to release its February consumer price index report on Tuesday. The consensus expectation among forecasters is that prices rose 3.1 per cent from a year ago.That would reverse some of the progress made in January, when the annual inflation rate slowed to 2.9 per cent.“We’re looking for inflation to re-accelerate as a result of higher energy prices during the month.

₹1,000-crore fund to bolster technology-driven agri-startups and rural enterprises, said chairman Shaji K.V. on Monday. The fund will back startups facing challenges in scaling up their operations due to limited access to equity and debt instruments, and will seek to foster new linkages in the rural ecosystem, both forward and backward.

Nvidia (NASDAQ:NVDA) shares gained nearly 3% Monday after another investment bank raised their target price on the stock ahead of the chipmaker’s long-awaited GTC global artificial intelligence conference set to kick off Monday.

After climbing 4% last week, crude oil will be looking to extend those gains as we start a busy week.

civilians were killed Monday in «reckless» air strikes by Pakistan's military in the border regions of Afghanistan, prompting Afghan forces to retaliate against Pakistani military outposts, Taliban officials said. Border tensions between the two countries have risen since the Taliban government seized power in 2021, with Islamabad claiming militant groups are carrying out regular attacks from Afghanistan. Taliban spokesman Zabihullah Mujahid said Pakistani aircraft «bombed civilian homes» in Khost and Paktika provinces near the border with Pakistan at around 3:00 am (2230 GMT Sunday), adding that all of the dead were women and children.

NEW DELHI : Odisha has set an ambitious target of attracting an investment of ₹10,000 crore for its textiles sector over the next five years, with the aim to bolster the state's economy by creating more than 100,000 job opportunities. In a conversation with Mint, Bhupendra Singh Poonia, managing director, Industrial Promotion & Investment Corporation of Odisha (IPICOL), said, “The state government has approved projects in the textiles sector under the revised Industrial Policy Regulation (IPR) that offers a 30% reimbursement facility to investors in the textiles sector." Investors can expect this incentive to be disbursed in five equal annual installments, translating to a 6% reimbursement each year, starting after the commencement of commercial production.

KARACHI (Reuters) — Pakistan's central bank on Monday held its key interest rate at 22% for the sixth straight policy meeting as inflation risks continued to loom.

Investing.com — The U.S. dollar edged lower in European trade Monday, handing back some of the previous week’s gains ahead of the upcoming Federal Reserve policy-setting meeting. 

Mizuho Securities analysts named Meta Platforms (NASDAQ:META) stocks their new Top Pick, reiterating a Buy rating and a target price of $575.

Consumers became slightly less optimistic about the economy this month, though they continue to expect inflation to cool further, a potential sign that price increases will keep slowing

France's lower house of Parliament has unanimously approved a pioneering bill to curb the environmental impact of fast fashion, marking a significant step towards sustainability in the global fashion industry

A suspected attack by Yemen’s Houthi rebels saw an explosion detonated near a ship in the Gulf of Aden, potentially marking their latest assault on shipping through the crucial waterway leading to the Red Sea

Paid loyalty programs are all the rage in the restaurant and retail worlds

Across the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates

₹2,000 mark in the next 12 months. The brokerage has an 'outperform' call on the stock with a target price of ₹2,100, indicating a massive upside of around 46 percent from its current market price of ₹1,440. The stock is down almost 8 percent in the last 1 year as against an around 16 percent jump in benchmark Nifty Bank.

US inflation rises to 3.2%, dampens hope of Fed's interest-rate cut until June However, Powell in his comments to US lawmakers earlier this month said the central bank expects to reduce its benchmark interest rate later this year even though the continued progress on lowering inflation to the two per cent target “is not assured". Read more: US Fed signals rate cuts in 2024; Powell says progress towards 2% inflation target ‘not assured’ Mint talked to several analysts on what they expect from the Fed policy outcome this time and how it can impact market sentiment.

Bajaj Finance shares with a 12-month target price of ₹8,630 per share, implying a nearly 33% upside from Friday’s closing price. The target implies that the stock would trade at 4.7x FY26e Book Value and 23x FY26e EPS. It said that at the current market price, the stock trades at 3.5x FY26e Book Value and 18x FY26 PE, with regulatory overhang priced in at this point.

By Leika Kihara