Target Financial News

The digital bank's customers will not be able to make crypto transactions using their debit cards or via outgoing bank transfers starting mid-October. "Customers will receive a declined transaction notification if they do attempt to make a crypto-related transaction," a spokesperson for the firm confirmed on Tuesday.

By Davit Kirakosyan

₹6.55 trillion for the second half of the ongoing financial year which will be 42.45% of its gross market borrowing of ₹15.43 trillion for the full FY24. The borrowing will be done through dated securities, including ₹20,000 crore through the issuance of Sovereign Green Bonds, the finance ministry said in a statement on Tuesday. While the government will stick to its borrowing plan for the year, it will issue 50-year security for the first time, in response to market demand for longer-duration securities, the ministry added.

Euro zone government bond yields held near multi-year highs on Tuesday as the narrative that global central banks would keep interest rates «higher for longer» continued to drive price action. Italy is also under growing market scrutiny as Prime Minister Giorgia Meloni is set to announce a new budget against the backdrop of a weakening growth outlook. Reuters earlier reported that Italy is likely to raise its 2024 budget deficit target to between 4.1% and 4.3% of gross domestic product, however, the fiscal gap is seen below 4% of GDP under current trends, allowing leeway for several billion euros to fund measures in the upcoming budget. Germany's 10-year government bond yield, the euro area's benchmark, was last flat at 2.788%, having briefly hit a 12-year high of 2.813% in early trade. Bonds yields move inversely with prices. Italy's 10-year yield was last up 4.4 bps at 4.697%, after hitting its highest level since October.

dollar index gained on Tuesday but eased from a 10-month high as the upward march in Treasury yields paused, and the Japanese yen bounced from an 11-month low as Japanese officials warned about a possible intervention in the currency. Benchmark 10-year U.S. government bond yields have jumped to 16-year highs this month as economic data remains robust despite higher interest rates.

Infinity Learn by Sri Chaitanya clocked a profit after tax (PAT) of over Rs 100 crore for the financial year ended March 31, 2023, the company claimed in a recent press release. According to the press release, the company also managed to keep expenditure growth at just about twice the previous year's levels. The company's 2022-23 PAT is a significant turnaround from Rs 37 crore loss logged in 2021-22, the release said. Ujjwal Singh, the Founding CEO of Infinity Learn by Sri Chaitanya, said, “Navigating the ever-evolving EdTech landscape, Infinity Learn has soared with remarkable growth this year. In just over two years, we've not only upheld our relentless dedication to excellence but have also championed responsible growth.

By Ann Saphir

(Reuters) — U.S. new-vehicle sales are set to rise in September from a year ago, helped by sustained demand, according to Cox Automotive.

The American consumer is feeling less confident this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period

The head of the European Central Bank says interest rates will stay high long enough to restrict business activity for “as long as necessary” to beat back inflation because upward pressure on prices “remains strong.”

Canadian auto workers say General Motors will be their next target after members ratified a new three-year labor contract with Ford

Ford says it’s pausing construction of a $3.5 billion electric vehicle battery plant in Michigan until it is confident it can run the factory competitively

Limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) is becoming harder but a narrow window remains because clean energy infrastructure has grown around the world, a new report said Tuesday

New York-listed Albemarle has had its teams out on-site running the rule over Liontown Resources’ flagship lithium project and raised no red flags, according to sources close to a $6.6 billion takeover deal.

Former Myer chairman Bill Wavish is making a boardroom run at Endeavour as an independent non-executive director with the support of the hotel and liquor chain group’s biggest shareholder, Bruce Mathieson.

(Reuters) — Athletic-wear retailer Dick's Sporting Goods (NYSE:DKS) said on Tuesday it would recruit 8,600 workers across the United States for the holiday shopping season, less than its proposed hiring for the same period a year earlier.

Bank of America has reinstated coverage of auto tech company Visteon Corp (NASDAQ:VC) with a Buy rating and set a 12-month price target for the stock at $180.00.

(Reuters) — U.S. companies plan to hire thousands to boost staffing in their warehouses and distribution centers as they prepare for the crucial holiday shopping season.

WASHINGTON (Reuters) -The United States has added three Chinese companies to the forced labor entity list involving Uyghurs, according to a government posting on Tuesday, as part of an effort to eliminate forced labor practices the U.S. supply chain.

Bank of America (BoA) reinstated coverage of Fisker Inc. (NYSE:FSR) with a Buy rating and set a 12-month price target of $8.00 on the automotive stock. According to BofA analysts, Fisker is poised for robust growth, driven by significant trends within the automotive industry and the recovery of the global auto sector. Nonetheless, the competitive landscape is intense, and the ability of companies like Fisker to maintain their technological superiority and offer compelling products will be pivotal for their long-term success.

Edwards Lifesciences (NYSE:EW) was raised to Outperform from Perform with a $90 per share price target by Oppenheimer analyst on Tuesday.