Target Financial News

By Rodrigo Campos

MEXICO CITY (Reuters) -The Bank of Mexico held its benchmark interest at 11.25% on Thursday as expected, underscoring it will likely maintain the reference rate at its current level for «some time,» reflecting a moderation in language from its previous statements.

US Federal Reserve won’t hesitate to tighten policy further if appropriate, said Chair Jerome Powell on Thursday. Speaking at an International Monetary Fund (IMF) conference in Washington, Powell said: “If it becomes appropriate to tighten policy further, we will not hesitate to do so." “We will continue to move carefully, however, allowing us to address both the risk of being misled by a few good months of data, and the risk of overtightening," he added.

MUMBAI : Fevicol maker Pidilite Industries is seeking to strengthen its partnerships with vendors and contractors before it forays into the non-banking financing business with the acquisition of an existing company, said Bharat Puri, managing director and chief executive officer, Pidilite. According to press statement released late on Wednesday, Pidilite will be acquiring Pargro Investments Pvt. Ltd, which is owned by its promoter group.

By Herbert Lash and Marc Jones

Investing.com — Federal Reserve Chairman Jerome Powell said Thursday the Fed wasn't confident yet they had reached a sufficiently restrictive level on monetary policy to bring inflation down to target, suggesting further rate hikes cannot be ruled out.   

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Federal Reserve Chairman Jerome Powell said Thursday that he and his fellow policymakers are encouraged by the slowing pace of inflation but are unsure whether they've done enough to keep the momentum going.

Petroleum and Natural Gas Regulatory Board (PNGRB) may rationalise the minimum work programme (MWP) commitments city gas companies made in the previous years, which would push companies with lower commitments to raise household gas connection targets while bringing relief to firms that promised high targets but are now facing penalties for missing those«PNGRB over the last 15 years has had an ever-evolving regime for the minimum work programme commitments,» PNGRB chairman Anil Kumar Jain told ET. In the first and second city gas licensing rounds, MWP commitments were 20-30% of total households in a licences area with an understanding that if so many households were connected by the distributor, others would automatically follow, he said. «In the rounds that followed, MWP commitments got extremely diluted to less than even 10% of the number of households.

Lok Sabha ethics committee has adopted a report recommending Trinamool MP Mahua Moitra's expulsion from the Lok Sabha after a majority (6) of panel members voted in favour of it. The Lok Sabha has to pass a resolution next to expel the MP from the House. Moitra has been accused by BJP MP Nishikant Dubey of 'accepting cash for asking questions' in the Lower House. Those who voted in favour included Congress MP Preneet Kaur, wife of Captain Amarinder Singh, who is now with BJP, and panel chairman and BJP MP Vinod Sonkar. BSP MP Kunwar Danish Ali, Congress' V Vaithilingam, CPM's PR Natarajan and JDU's Giridhari Yadav voted against the recommendation and gave dissenting notes to the report.

Glenn Maxwell’s ‘big show’ on Tuesday night revived the memories of Kapil Dev’s 175 not out against Zimbabwe in the 1983 World Cup. It immediately started a debate whether Maxwell’s unbeaten 201 against Afghanistan was the greatest knock in ODI cricket history, even better than Kapil’s. Statistically, it’s always easy to determine but not without the risk of reducing those innings to mere numbers, taking away all the charm and magic.

OpenAI, notable for its advanced AI research and the creation of models like ChatGPT, unveiled a new initiative on October 25, 2023, targeted at addressing the multitude of risks associated with AI technologies. The initiative heralds the formation of a specialized team named «Preparedness», devoted to monitoring, evaluating, anticipating, and mitigating catastrophic risks emanating from AI advancements. This proactive step comes amidst growing global concern over the potential hazards intertwined with burgeoning AI capabilities.

In an ambitious endeavor to bridge the ML (Machine Learning) compute gap, Voltage Park unveiled a formidable cloud infrastructure for AI development on October 29, 2023. The current market scenario is gripped by a severe shortfall in advanced ML compute resources, with startups, researchers, and large AI labs vying to acquire or lease the latest chips for ML training. This scarcity, favoring only the well-resourced, significantly stifles innovation across the board.

By Alessandra Galloni

OTTAWA (Reuters) — The Canadian government will release its annual fall economic statement (FES) on Nov. 21, the finance ministry said on Thursday.

In a world navigating the shift towards cleaner energies, recent disruptions in fossil fuel markets triggered by the conflict in Ukraine have prompted nations to reassess their reliance on natural gas and oil.

NEW DELHI : With AI tools becoming more accessible, deepfakes are a rising threat in audio, video and photo formats. But, catching the actual perpetrators is next to impossible, thanks to how cyber tools allow people to obfuscate the traces of origin. Mint explains why: A deepfake is more sophisticated than basic morphed content.

deepfake incident — reading the takedown rulebook to social media platforms and reminding them of the legal provisions against digital impersonation — must be backed up by vigorous prosecution against the perpetrators. Fakery, deep or shallow, is detectable, and policing it is a matter for enforcers of the law. Deepfakes require considerable computing capacity and a large digital footprint of their targets, making it easier to narrow down the search for their origin.

Canada’s ban on non-residents buying property was only expected to affect around two per cent of home purchases each year, according to discussions within the national housing agency ahead of its implementation.

SBI Holdings and Standard Chartered’s investment arm, SC Ventures, have joined forces to set up a $100 million joint venture in the United Arab Emirates targeting crypto startups.

The Canada Pension Plan fund’s net assets increased by $1 billion in the second quarter after investments eked out a 0.1 per cent return.