Target Financial News

Asian stock markets have tumbled after mixed U.S. economic data revived worries the Federal Reserve might hike interest rates again

The cost to live in Lahaina on the Hawaiian island of Maui keeps rising thanks to a chronic housing shortage and an influx of second-home buyers and wealthy transplants snatching up properties

Stocks that traded heavily or had substantial price changes Monday: US Steel, Monday

AMC Repo Clearing has reached out to some of India's largest companies as well as major provident funds, insurers and primary dealers as it seeks their active participation on its corporate bond repo platform, which aims to provide smoother access to capital for firms. The newly-launched clearing corporation, which at present has a Core Settlement Guarantee Fund of ₹50-55 crore, is confident of building a strong base of borrowers as several large companies are getting registered, a source said.AMC Repo is targeting daily trade volumes of ₹20,000 crore to ₹25,000 crore over the next couple of years, the source said.

Red Fort on Independence Day, Prime Minister Narendra Modi on Tuesday said that India has emerged as a confident nation in the last 10 years, and now even at the international level, it is known as the voice of the Global South and a critical part of global supply chains. Modi, with his eyes firmly focused on the slew of Assembly elections in the next few months as well as the 2024 Lok Sabha polls, said that he was giving a report card of the last 10 years under the shadow of the Tricolour. “We have left behind an old school of thought and whatever projects I am inaugurating today were conceptualised in the last 10 years.

Slatestone Wealth chief market strategist Kenny Polcari says Americans are reconsidering what the CPI report means on 'Making Money.'

Lithium heavyweight SQM faces having to stump up well over $1 billion to secure a Perth-based exploration company worth just $70 million at the start of the year after having initial takeover offers rejected.

Fortescue Future Industries director Guy Debelle has accused the federal government of lacking urgency in backing up climate targets with actual measures to drive decarbonisation, saying that another horrendous summer of bushfires might be needed to galvanise Canberra into action.

National Australia Bank raked in $1.9 billion in cash earnings over the June quarter, while reporting a “modest” deterioration in the quality of loans and lower margins from home loan competition.

Federal Communications Commission (FCC) Commissioner Brendan Carr told ET. The US and other countries are still grappling with the alleged privacy risks associated with Chinese apps such as TikTok.

Home furnishings e-commerce company Temple & Webster restored sales growth to double-digits in the new financial year, after its sales and profit tumbled over fiscal 2023.

MiG-23 jet crashed at a Michigan air show, with its pilot and passenger ejecting just in time before the crash. The incident happened during the Thunder Over Michigan air show in Belleville, Michigan. The MiG-23 jet was being operated by two occupants, and they both used parachutes to safely land on the ground. They were taken to the hospital as a precaution, but no injuries were reported. The crash occurred at around 4:00 PM ET on Sunday at the Yankee Air Museum's air show. The Soviet-era jet crashed into unoccupied vehicles in a parking lot at the Waverly on the Lake Apartments. Fortunately, it narrowly missed hitting an apartment building. The plane caught fire upon impact, and emergency crews arrived to put out the flames. Black smoke billowed into the sky. Video footage captured the ejection of the pilot and passenger just before the crash. The cause of the crash is currently under investigation by the Federal Aviation Administration (FAA). The MiG-23 jet was piloted by Dan Filer, a retired Navy pilot from Texas. Filer, who is known for collecting Soviet-made fighter jets, had been flying the only privately owned flying MiG-23 in the world. The MiG-23 was a prominent Soviet war plane during the Cold War, recognized for its advanced radar and fire control system that allowed it to launch missiles at targets beyond visual range, according to the National Museum of the United States Air Force.

RBI) 6% tolerance limit after a gap of four months. The Consumer Price Index rose 7.44% from a year earlier, up sharply from 4.87% in June. Though RBI had predicted a rise in inflation at its monetary policy review last week, the jump seems sharper than expected.

NEW DELHI : Consumer Price Index (CPI)-based inflation shot past estimates to hit a 15-month high of 7.44% in July as food and vegetable prices surged, breaching the Reserve Bank of India’s (RBI) inflation target range for the first time since February. A Mint poll of 19 economists had estimated a six-month high retail inflation of 6.50% in July, sharply up from June’s 4.81%, on account of a surge in vegetable prices.

China on Monday asserted that its «ironclad friendship» with Islamabad will always remain «rock-firm and unbreakable» irrespective of any changes in the international landscape and the domestic situation in Pakistan, as it congratulates Anwarul Haq Kakar on his appointment as caretaker prime minister. Earlier in the day in Islamabad, 52-year-old Kakar, an ethnic Pushtun leader who is considered close to the powerful military, was sworn in as Pakistan's caretaker prime minister to head a neutral political set-up to run the cash-strapped country and conduct the next general elections.

Exports shrunk 15.88% in July, while imports declined 17% to $52.92 billion narrowing the trade deficit to $20.67 billion against $25.43 billion in July 2022. It marginally widened compared to $20.13 billion in June. However, the ministry stated that India was more resilient than its peers, despite global headwinds weighing down trade.

World Cup on the horizon, coach Rahul Dravid said after his team lost their Twenty20 series against the West Indies 3-2 in Florida on Sunday. A young Indian side missing several big names battled back from 0-2 down in the five-match series but crashed to an eight-wicket defeat at Lauderhill, with opener Brandon King helping West Indies chase down the victory target with an unbeaten 85.Suryakumar Yadav hit 61 off 45 balls but had little support from the middle and lower order as India posted a modest 165-9 in 20 overs. The West Indies finished 171-2 from 18 overs with Nicholas Pooran (47) supporting King.

A number of the old guard of senior managers in the wealth management business at Wells Fargo & Co. have been leaving over the past couple years. At least one, Jack Ginter, has rapidly built a substantial new enterprise over that time.

Bankers, money managers and other financial market participants are starting to loathe the label “ESG” — but they’re also sticking with the strategy, according to a Bloomberg survey.

ATLANTA—The Georgia district attorney who has investigated alleged election interference by former President Donald Trump will begin presenting evidence to a grand jury in Atlanta as soon as Monday, according to witnesses summoned to appear. On Monday morning, the Fulton County courthouse was surrounded with orange barricades and the street in front of the building was closed off. Media trucks lined the street.

MILAN (Reuters) -Italian Prime Minister Giorgia Meloni on Monday took «full responsibility» for last week's shock decision to impose a one-off bank tax that has been blamed for causing lasting damage to her government's credibility with financial markets.