Target Financial News

U.S. wholesale prices increases accelerated in August, a sign that inflation remains stubbornly persistent despite a series of sharp interest rate hikes by the Federal Reserve

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Investing.com — The European Central Bank has hiked interest rates to a record high as policymakers look to address elevated inflation in the eurozone despite signals that the region's economy is weakening.

(Reuters) — Bristol Myers (NYSE:BMY) Squibb said on Thursday it plans to double the number of treatments it is testing in clinical trials, with a focus on cell therapies, over the next 18 months, as it contends with increasing generic competition for two of its top-selling drugs.

By Francesco Canepa and Balazs Koranyi

(Reuters) -The United Auto Workers (UAW) union outlined plans for a series of strikes targeting individual U.S. auto plants, in what would be their first-ever simultaneous walkout against the Detroit Three automakers.

Thailand’s new government has approved a measure granting temporary visa-free entry to Chinese tourists, signaling that the recovery of the country’s tourism industry is a top economic priority

Efforts by the Biden administration to limit tailpipe pollution from automobiles face a crucial test as legal challenges brought by Republican-led states head to a federal appeals court

With just over 24 hours left before a strike deadline, United Auto Workers President Shawn Fain says offers from Detroit automakers aren’t enough and the union is getting ready to strike

The European Central Bank has piled on a 10th straight interest rate increase

Thyssenkrupp said on Thursday that it will reorganize its portfolio and combine business units with key technologies useful for the decarbonization of industry, while also launching a group-wide performance program. On Oct.

Exxon Mobil issued its first public statement that burning fossil fuels contributes to climate change in 2006, following years of denial. In public forums, the company argued that the risk of serious impact on the environment justified global action. Yet behind closed doors, Exxon took a very different tack: Its executives strategized over how to diminish concerns about warming temperatures, and they sought to muddle scientific findings that might hurt its oil-and-gas business, according to internal Exxon documents reviewed by The Wall Street Journal and interviews with former executives.

Canada has no chance of building the additional millions of homes Canada Mortgage and Housing Corp. projects would be needed to restore housing affordability over the next seven years, according to the chief economist of Desjardins Group.

Oil India Ltd plans to invest Rs 25,000 crore in clean energy projects that will help it achieve a net zero carbon emission goal by 2040, its chairman Ranjit Rath said on Thursday. OIL's net zero plan includes a combination of cutting down the flaring of gas and commercialisation of stranded gas as well as setting up renewable electricity generation capacity, building green hydrogen plants and constructing biogas and ethanol plants. The company plans to lay an 80-kilometer pipeline to bring natural gas from fields in Arunachal Pradesh to Assam to help replace polluting liquid fuels in transport as well as industries, he told a news conference. It is also looking to convert some of the pipelines originally built to transport crude oil, to help flow gas, he said. «Our Rs 25,000 crore commitment is for for array of activities including green hydrogen, compressed biogas plants, renewable portfolio.

Citi has announced a significant change to its organizational model and its management structure.

Investing.com — The U.S. dollar edged lower in early European trade Thursday after U.S. inflation release, while the euro climbed from recent lows ahead of the European Central Bank's eagerly-awaited rate-setting meeting. 

United Auto Workers (UAW) President Shawn Fain conveyed his dissatisfaction on Wednesday, emphasizing that the offers from the automotive companies were insufficient, and the union is preparing for a potential strike.

Listed IT solutions business Atturra is expected to hit back with a higher bid at Cirrus Networks Holdings, after its 5.3¢ a share scheme bid from Monday won over the target’s board but failed to woo investors.

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