UPS Financial News

Some of Canada’s biggest business groups are urging Prime Minister Justin Trudeau to reverse his government’s plan to raise the tax inclusion rate on capital gains.

The Bank of Canada is raising concerns about the impact of higher interest rates on renters while acknowledging that, even as most households appear to be managing increased debt servicing costs, there are still many mortgage holders who will face large payment increases when they renew over the next two-and-a-half years.

All eyes will be on Canada’s job numbers tomorrow for clues not only on how the economy is faring, but also what the Bank of Canada might do next.

News of slowing demand for electric vehicles highlights the hazards of the federal government’s Soviet-style mandate that 100 per cent of new light-duty vehicles sold must be electric or plug-in hybrid by 2035 (with interim targets of 20 per cent by 2026 and 60 per cent by 2030 and steep penalties for dealers missing these targets).

purchase restrictions on Thursday to lure buyers and shore up their sagging real estate markets, raising the prospect of other megacities following suit. As of May 9, Hangzhou and Xian will no longer vet the eligibility of potential buyers, the cities' housing authorities said in separate notices, shedding requirements previously imposed to deter speculators and block buyers who are not legal residents of the cities or local tax payers.

diplomatic breakthrough, five of the Indian sailors on board an Israeli-linked vessel seized by Tehran were released on Thursday and have departed from Iran, the Indian embassy in Iran said. The Indian Embassy, while sharing details of their release, thanked the Iranian authorities for their close coordination with the Embassy and Indian Consulate in Bandar Abbas. «5 of the Indian sailors on MSC Aries have been released and departed from Iran today evening. We appreciate the Iranian authorities for their close coordination with the Embassy and Indian Consulate in Bandar Abbas, MEA official spokesperson Randhir Jaiswal posted on X.

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Panamanian lawyer Ramon Fonseca, co-founder of the now-defunct law firm at the center of the "Panama Papers" scandal, died while awaiting sentencing in his money-laundering trial, his lawyer said Thursday. Fonseca died during the night while hospitalized in Panama City, a member of his legal team said, adding that health issues were «why he did not attend the trial» that opened on April 8.

QI Research CEO Danielle DiMartino Booth and Parametric Managing Director for Fixed Income SMA Nisha Patel discuss the impact inflation is having on the U.S. economy on 'Making Money.'

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Indian Overseas Bank (IOB) on Thursday said the company reported a 24% increase in net profit to ₹808 crore—the highest-ever quarterly profit—for the quarter ended March 31, against ₹650 crore in the same quarter last year. For the year ending March 31, 2024, the consolidated net profit grew to ₹2,665.66 crore from ₹2,103.99 crore a year ago. The operating profit rose to ₹1,961 crore from ₹1,882 crore year-over-year.

Best monitor to boost your efficiency and upgrade your viewing pleasure The ViewSonic is a 22-inch Full HD portable monitor that offers a seamless touch experience. It utilizes 10-point projected capacitive touch technology, allowing for precise and responsive interactions with up to 10 simultaneous touch-points. The monitor's 7H scratch-resistant surface ensures durability, while its SuperClear panel delivers stunning colour performance and wide-angle viewing.

NEW DELHI : Belgium-based Proximus Group, which has acquired a majority stake in communication platform as a service, or C-PaaS, firm Route Mobile, intends to double the group's revenues to $3 billion in 3-4 years, on the back of synergies from the new acquisition, chief executive officer Guillaume Boutin told Mint in an exclusive interaction. Boutin has kept a goal of attaining 15% margin on the revenue target, even as he pegged India to become among the key contributors to the group's growth where Route Mobile alone is expected to generate $1 billion in revenues.

MUMBAI : State Bank of India (SBI) on Thursday expressed confidence in growing its credit book by 14-16% in the current fiscal year, reflecting the general optimism around domestic growth, after delivering stellar results for the March quarter and FY24. “Once again, we have delivered excellent numbers," chairman Dinesh Khara told media persons after announcing the bank’s financial results on Thursday. “Our net profit for the fiscal year FY24 is the highest ever." However, India’s largest lender’s projected deposit growth of 12-13% for FY25 would continue to lag its expected growth in credit, a phenomenon plaguing the entire banking industry.

Rollblock (RBLK) is attracting traders from all over the globe as it is the best new crypto to invest in. This platform’s potential to outperform established cryptocurrencies such as Binance Coin (BNB) and Algorand (ALGO) is also noted, as some analysts have it pegged as the next 50x crypto in 2024. Let’s find out why. 

Bad weather and war are threatening to keep the world’s wheat supplies under strain and reviving the specter of rising food costs. 

Shares of Arm Holdings fell 6% on Thursday as the chip designer's downbeat annual revenue forecast cooled some of the enthusiasm around the stock following its AI-powered jump in recent months. The slide was set to wipe out more than $8 billion in market value at the current level of $99.51.

The Handmaid's Tale', excitement is high to witness what happens with June’s story at the end. Originally slated for release in 2024, the series now gears up for a summer 2025 debut, promising an unforgettable farewell to one of television's most gripping narratives, as mentioned in a report by Elle.

Electric vehicles (EVs) are acquiring thrust as an environment-friendly transportation solution in India, directed by ecological concerns and technological progressions. Nonetheless, the extensive acceptance of EVs is subject to the expansion of a strong charging infrastructure throughout the nation.

Congress on Thursday challenged Prime Minister Narendra Modi to use his investigating agencies like the CBI and the ED to probe the charges he has levelled against businessmen Ambani and Adani that they were distributing sacks full of black money in tempos. Congress spokesperson Supriya Shrinate claimed that the prime minister was never seen so weak and desperate that he ended up making great revelations about corruption in the country and exposing his own friends. She was referring to the charge on Wednesday made by prime minister who, for the first time during Lok Sabha poll campaign, accused the Congress of having a «deal» with «Ambani and Adani», and asked if the party has received «tempo loads of black money» from the two industrialists for its leader Rahul Gandhi to stop «abusing» them. Shrinate pointed out that Rahul Gandhi has been saying the same thing for the last 10 years that the big businessmen possessed black money but the prime minister was not taking action against them.

Marsh, the insurance broking and risk advisory business of Marsh McLennan, has unveiled an insurance solution designed for crypto-asset service providers operating within the European Union (EU).