Target Financial News

Bharat Petroleum Corporation Ltd (BPLC) and Hindustan Petroleum Corp Ltd (HPCL) saw a downgrade in their current target prices, a day after international crude oil prices sharply rose above $90 per barrel. Domestic brokerage firm JM Financials has reduced the target prices for HPCL and BPCL as OMCs may pass on the rise in oil prices to customers in the next 2-3 months on high crude oil prices.

Uniqlo, Asia's biggest clothing brand, has posted a 69% increase in sales while net profit nearly tripled for its Indian unit during the year ended March 2023. The Japanese brand posted a net profit of Rs 68.38 crore with net revenues of Rs624.6 crore, according to its latest filing with the Registrar of Companies. A year ago, it had a profit of 21.4 crore with sales of Rs391.7 crore. «Indians like affordable pricing but high quality clothing.

Investing.com — Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Block, Stem, General Mills , FMC, and Agiliti.

PTI. The Colombo Police said their unit targeting corruption in sports had obtained a court order to arrest Senanayake for his alleged attempt to fix matches during the Sri Lankan Premier League in 2020.

Wagner Group as a terrorist organisation, media reports said on Tuesday, quoting Home Secretary Suella Braverman. The UK was set to make the Wagner Group a «proscribed» organisation under anti-terror laws, putting it on a par with Islamic State and al-Qaeda, a report in the Daily Mail said. «Wagner is a violent and destructive organisation which has acted as a military tool of Vladimir Putin's Russia overseas,» the newspaper quoted Braverman as saying. «While Putin's regime decides what to do with the monster it created, Wagner's continuing destabilising activities only continue to serve the Kremlin's political goals.» Under the Terrorism Act 2000 the home secretary has the power to proscribe an organisation if they believe it is involved in terrorism. A proscription order makes it a criminal offence to support the group. «They are terrorists, plain and simple — and this proscription order makes that clear in UK law,» a BBC report added, quoting the minister. «Wagner has been involved in looting, torture and barbarous murders,» Braverman added in the Daily Mail. The group's operations in Ukraine, the Middle East and Africa «are a threat to global security,» she said. «That is why we are proscribing this terrorist organisation and continuing to aid Ukraine wherever we can in its fight against Russia.» Draft measures to ban the Wagner Group under the act will be laid in Parliament on Wednesday, the reports said. In July, Britain announced sanctions against 13 individuals and businesses it said had links to the Russian group in Africa, accusing it of crimes there including killings and torture. The people and entities targeted — which are no longer able to deal with UK citizens, companies and banks, and have any UK assets

On any other week, Chuck Smith helps his clients save for the long run. This week, however, the Nebraska-based registered investment advisor will be running for the long save.

“You can fork code, but you can’t fork a community.” I wish I had come up with this gem of a saying. I use it extensively. I also wish I knew who to credit it to. Heard it on a podcast several years back, and it hit me like a ton of bricks. 

By Yuvraj Malik

Origin Energy stands to increase gross earnings by about $650 million in 2025-26 if its huge Eraring coal power generator remains open, according to Morgan Stanley estimates, in findings that may play into the terms of a deal expected to be struck with the NSW government to extend its life.

Investing.com — The U.S. services sector unexpectedly accelerated in August, while prices for inputs jumped, in a sign of resilient demand that may contribute to stickier inflation in the world's largest economy.

By Steve Scherer and David Ljunggren

Congress president Mallikarjun Kharge on Wednesday said the alliance of like-minded opposition parties named INDIA has worried the BJP which is now trying to drop India and keep only Bharat as the country's name. «The Constitution states India means Bharat.

By YP Rajesh

TD Cowen raised Constellation Brands (NYSE:STZ) to Outperform from Market Perform and raised the price target to $300 from $240 per share in a note Wednesday.

SANTIAGO (Reuters) — Chile's central bank on Wednesday lowered the top end of its estimate for the country's economic performance in 2023, saying it now forecasts gross domestic product (GDP) to show no growth in the most optimistic scenario.

By Patrick Wingrove

United Airlines Holdings (NASDAQ:UAL), Southwest Airlines (NYSE:LUV), and Alaska Air (ALK) have all issued warnings about unexpectedly significant increases in the price of jet fuel for the current quarter.

Weather remains a pivotal factor influencing the price dynamics of various agricultural commodities across the globe. This holds true for three major food commodities: cocoa, sugar, and rice, all of which have witnessed a substantial uptick in prices in recent weeks.

By Davit Kirakosyan

wind energy component and sub-component manufacturers will help scaling up installed manufacturing capacity in the country, said an industry expert.

clinical trial data showed its updated COVID-19 vaccine shot generated an 8.7-fold increase in neutralizing antibodies in humans against the highly-mutated BA.2.86 subvariant of the coronavirus that has raised fears of a resurgence of infections, Reuters reported on Wednesday. “We think this is news people will want to hear as they prepare to go out and get their fall boosters," Reuters quoted Jacqueline Miller head of infectious diseases in Moderna said in an interview, adding that the data should also help reassure regulators.