Fri, Nov 29, 2024 6:02 PM
French Inflation Up Less Than Expected on Weaker Economy
A Flip by Avya Verma
Mahindra and Mahindra (M&M), which has set an ambitious target of deriving 30 percent of its total Passenger Vehicle (PV) sales from battery-driven Sports Utility Vehicles (e-SUVs) by 2027, is betting big on its recently unveiled electric origin products. This marks a strategic shift aimed at challenging Tata Motors, which is the undisputed leader in the domestic electric Passenger Vehicle.
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Markets widely expect the Federal Reserve to cut interest rates for the fourth time this year at its December meeting. The question is what the central bank will do next year. Recent sticky inflation prints and evidence the US economy is growing at a solid pace have raised doubts that the Fed will bring down rates as quickly as it previously indicated.
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Futures tied to Canada's main stock index edged higher on Friday in thin trading volumes, while investors looked forward to the day's key economic data to gauge the pace of the Bank of Canada's interest-rate cuts. December futures on the S&P/TSX index were up 0.1% at 6:06 a.m. ET (11:06 GMT). The U.S. equity market reopened for half a day following the Thanksgiving holiday on Thursday.
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