Target Financial News

Interest rates in the European Union will need to stay high “as long as necessary” to slow still-high inflation, Christine Lagarde, president of the European Central Bank, said Friday

Auto workers have voted overwhelmingly to give union leaders the authority to call strikes against Detroit car companies if a contract agreement isn’t reached

Times Now has maintained its position as the leading English news channel for over a year (Week 16, 2022, to Week 33, 2023), commanding a significant market share of 30.7%, according to a press release from the channel. The channel, with a 15-year history in the genre, has outperformed its rivals.

Being able to buy a home keeps getting harder.

Investing.com — European Central Bank president Christine Lagarde on Friday called for higher-for-longer interest rates to achieve the central bank's key objective of bringing inflation back to its 2% target.

Investing.com — The S&P 500 pared some gains Friday as rising Treasury yields kept a lid on gains in tech after Federal Reserve chairman Jerome Powell signaled there was still more work to do to curb inflation.

Pilbara Minerals has raised the prospect of paying a special dividend and buying back shares after the lithium miner produced what chief executive Dale Henderson described as an “incredible set of numbers” in 2022-23.

Motoring groups have urged the Albanese government to adopt a cautious approach to emissions reforms, after research was released indicating the cost of electric vehicles pitched at the mass market would still be up to 50 per cent more expensive than regular vehicles in 2030.

Indian Oil Corporation (IOC) plans to spend about ₹2.4 lakh crore to achieve its net-zero operational emissions target by 2046, said its chairman Shrikant Madhav Vaidya. «Our well-crafted blueprint, with a staggered investment plan of about ₹ 2.4 trillion or $30 billion, will take us towards the net-zero destination,» Vaidya told shareholders at the company's annual gathering. IOC, which is the nation's largest refiner as well as fossil fuel retailer, also plans to invest about ₹1 lakh crore to expand its refining capacity by a third to 107 million metric tonnes per annum. «As we navigate through the realms of India's green agenda, I must also underline that given India's progress trajectory and geopolitical realities, it is imperative to strengthen our focus on the traditional fuel business,» Vaidya said. He cited the latest outlook from the International Energy Agency, which shows India's oil demand rising from the current 5 million barrels per day (mbpd) to 7 mbpd by 2030, and about 9 mbpd by 2040.

The highest court in Massachusetts upheld the state’s investment advice standard that imposes fiduciary duty on brokers, dealing a setback to online brokerage Robinhood’s effort to kill the regulation.

Mint the company is targeting a billion-dollar business over the long term from India. “We are very excited about the India opportunity and the growth in the market," Prince said. As of now, USPA is close to a ₹2,000 crore brand in India, said Kulin Lalbhai, vice chairman and non-executive director, Arvind Fashions.

Check out the companies making the biggest moves midday:

Nirmala Sitharaman said on Friday. Persistent high inflation will crimp demand, Sitharaman said and added that the tendency to use interest rates as the only solution to tackle inflation has its own downside. “Most economies do have this problem—an obsession of using interest rate as the only tool to deal with inflation," the minister said at the B20 summit, a gathering of top business executives from G20 countries.

(Reuters) -Klaviyo's revenue rose 51% for the recent quarter, the data and marketing automation company disclosed in its paperwork for a U.S. initial public offering (IPO) submitted on Friday.

(Reuters) — Federal Reserve Chair Jerome Powell on Friday said the central bank may need to lift interest rates further to finish the job of lowering inflation on a sustained basis.

economic activity. Demand for workers has cooled but if that process stalls, the Fed could have to raise rates, he said. After this speech, investors in interest-rate futures markets saw a nearly 20% chance that the Fed would raise rates at its next meeting, Sept.

Mint the urgency in GCCs to get talent has declined and it is now a “buyer’s market". The change in pace for GCCs follows a slash in hiring targets by the IT services industry.

JSW Steel is looking to pick up a 20 to 40% stake in the metallurgical coal unit of Canada's Teck Resources, Bloomberg News reported on Friday, citing the Indian steel producer's chairman, Sajjan Jindal. India's biggest steel producer intends to bid for 20% to 40% of Elk Valley Resources Ltd., a unit of the Canadian company, Jindal said.

Investing.com — DigitalOcean Holdings (NYSE:DOCN) said that it has started hunting for a successor to current Chief Executive Officer Yancey Spruill, as the cloud services provider targets a new «phase of leadership.»

By Saqib Iqbal Ahmed

Investing.com -- The Federal Reserve is prepared to continue raising interest rates until it is convinced inflation is headed toward its 2% target, according to Chair Jerome Powell, who spoke Friday morning from the central bank’s annual meeting in Jackson Hole, Wyo.