Target Financial News

In the Mediterranean's olive-growing countries, the extreme weather caused by climate change is taking a toll

Ukrainian energy infrastructure 60 times in the last several weeks as winter approaches and temperatures drop, driving up public energy consumption, officials said on Wednesday. Ukraine fears Russia may have already begun a concerted campaign of attacks on the power grid for a second winter at war. Last winter, thousands of Russian drones and missiles targeted Ukraine's power sector, causing sweeping blackouts.

By Paul Carsten

Investing.com -- U.S. futures hovered around the flatline on Wednesday, with comments from Federal Reserve officials tempering some investor optimism that has supported a prolonged rally on Wall Street. Markets will be closely listening to statements from Fed Chair Jerome Powell later today, as traders attempt to gauge the central bank's future rate path. Elsewhere, Walt Disney (NYSE:DIS) is due to report its latest quarterly earnings and Democrats secure key victories in off-year elections.

Lokpal has reportedly ordered a Central Bureau of Investigation (CBI) inquiry against Trinamool Congress (TMC) MP Mahua Moitra based on a complaint lodged by BJP MP Nishikant Dubey. This development follows a previous accusation by BJP MP Nishikant Dubey, who claimed that Mahua Moitra had been asking questions in the Lok Sabha with the intention of targeting the Adani Group and Prime Minister Narendra Modi at the behest of businessman Darshan Hiranandani in exchange for gifts.

Cogwise ($COGW) is a new cryptocurrency presale empowering users to make better trading decisions – it is currently undergoing an immensely successful presale after raising $800,000 so far.

Chinese President Xi Jinping said Wednesday that potential risks associated with artificial intelligence (AI) are challenges that countries should deal with together, remarks that come against the backdrop of China’s rigid control of free speech on the internet. At the same time, China has also maximized the internet’s economic benefits and social media’s propaganda contributions to the ruling Communist Party’s authoritarian agenda.

fiscal deficit target and the consolidation path till fiscal year 2026, despite the extension of the free foodgrain scheme announcement and the possibility of more such expenditure initiatives as India heads towards general elections next year, S&P researchers said Wednesday. “More expenditure initiatives are possible as we move through this election cycle. In the very near term, these could be supportive of consumption, but they are unlikely to have a major impact on medium-term finances,” said Andrew Wood, Director, Asia Pacific Sovereign Ratings.

FMCG maker Dabur India, armed with a cash reserve of Rs 7,000 crore, is scouting for acquisition opportunities in healthcare and home & personal care segments, according to its CEO Mohit Malhotra. Besides, Dabur is looking for acquisition opportunities in the online space, and with several D2C (Direct to Consumer) brands operating in it, it finds the valuation «more reasonable» now and will pursue it if it finds a suitable one for growth, he said. The company is scaling its presence in the online space, which includes e-commerce channels and D2C business, where it plans to introduce more innovations under existing brands and through inorganic opportunities. «We are introducing innovations there. Those innovations are coming on the back of existing brands and these innovations will come on the back of some new brands that we might launch or we are looking at an acquisition for a new brand,» Malhotra told PTI. The company would pursue organic growth with new brand launches in skin care and premium skin care, and the rest would be through acquisitions. «We do not want to do any organic new brand launches with the exception of skincare and premium skincare that we are not present in.

Narendra Modi on Wednesday said Congress leaders have been saying they will complain to the Election Commission over his promise of extending for five years the free ration scheme for the poor people. «Let them commit this sin, I will continue to do good work for the people,» he said addressing a public meeting in Madhya Pradesh's Damoh town ahead of the November 17 state assembly polls.

RBI’s target band in July and August on account of higher food prices, which raised investor concern about whether RBI would have to hike rate again to bring inflation back under control. However, the vegetable prices that spiked and led to this acceleration in inflation were of a short-duration nature and their prices have since reversed. Over the coming quarters, MS India economist, Upasana Chachra, expects that headline inflation will remain within the target range.

By Federica Mileo and Diana Mandia

BEIJING/SHANGHAI (Reuters) — China's passenger vehicle sales jumped 9.9% in October from a year earlier, the China Passenger Car Association (CPCA) said on Wednesday, extending gains to a third month as carmakers raced to meet sales goals in the world's top auto market.

Magellan Financial shareholders have registered a large protest vote against the fund manager’s board, with the company’s new chairman, Andrew Formica, urging investors to focus on the company’s strong balance sheet and its plans for the future.

2023 has been an exceptional year for Indian equit... more2023 has been an exceptional year for Indian equities with the market hitting multiple peaks despite macro headwinds.

Alkem Laboratories share price rallied over 6% to hit a 52-week high on Wednesday after the company’s better than estimated September quarter results prompted some brokerages to raise target price on the stock. Alkem Laboratories shares rallied as much as 6.08% to a fresh record high of ₹4,272.00 apiece on the BSE. Alkem Laboratories stock had ended more than 5% higher in the previous session on November 7 after the company announced its Q2FY24 earnings.

National Investigation Agency (NIA) on Wednesday conducted searches related to human trafficking cases in 10 different states. As reported by ANI, these states include Tripura, Assam, West Bengal, Karnataka, Tamil Nadu, Telangana, Haryana, Puducherry, Rajasthan, and Jammu and Kashmir. Over four dozen locations are being searched by the NIA sleuths in these 10 states to unearth the racket of human traffickers having international links, ANI reported NIA sources as saying.

NCC, Som Distilleries and Breweries and Allsec Technologies. The brokerage house suggests buying these stocks and adding on dips for a time horizon of two to three quarters. Also Read: Alkem Laboratories share price rallies over 11% in two days after Q2 results beat estimates; brokerages raise target Here are fundamental picks by HDFC Securities: NCC has a well‐diversified order book, robust execution capabilities, strong focus on debt reduction and improvement in working capital.

Woodside Energy chief executive Meg O’Neill has declared oil and gas demand will remain “resilient” for decades as the company pushes ahead with almost $40 billion of new large-scale projects in Australia, Senegal and Mexico, despite mounting pressure to decarbonise.

An SEC proposal targeting potential conflicts of interest for financial advisors using artificial intelligence is not meant as a way to modify Regulation Best Interest, Chair Gary Gensler said Tuesday.  

BEIJING (Reuters) — China is expected to achieve its annual growth target of 5% smoothly, central bank governor, Pan Gongsheng, said at the Financial Street Forum on Wednesday, state media reported.