Cooper Financial News

Investing.com — Global oil benchmark Brent weakened Wednesday on renewed worries of a global economic slowdown, overshadowing the news earlier this week of more supply cuts from a series of top producers.

Enforcement Directorate (ED) has announced the arrest of the former chairman of a cooperative bank in Pune on charges of money laundering. Amar Sadhuram Mulchandani, who served as the ex-chairman of Seva Vikas Cooperative Bank, was taken into custody on July 1 following an ongoing investigation into a fraud case involving the alleged misappropriation of funds amounting to ₹429 crore.

H D Kumaraswamy on Wednesday appeared to be warming up to the BJP saying that 'a new chapter has to begin to control looters' as he targeted the Congress government alleging corruption. The JD(S) second-in-command said that he would support those who join him in his campaign, a day after Karnataka BJP strongman B S Yediyurappa backed him over his allegation that large scale 'transfer business' is going on where Rs 30 lakh is being charged from officials to stay at the position they are posted. «Yediyurappa spoke some good words about me yesterday.

NCP after they were expelled from the Congress for challenging its then president Sonia Gandhi. Pawar had challenged Sonia's foreign origin. Today, his nephew Ajit Pawar has challenged Sharad Pawar's age, asking him,«You are 83.

₹5,863 per bbl, having swung between ₹5,795 and ₹5,895 per bbl during the session so far, compared to their previous close of ₹5,850 per bbl. Also Read: Asia refiner expects Saudi Arabia to cut August crude prices -Brent has dropped from $113 per barrel a year ago, sent lower on concerns of sluggish economic growth. However, both Saudi and Russia have been trying to raise oil prices with new output cuts.

By Natalie Grover

New Delhi: Foreign direct investment (FDI) in developing countries in Asia remained flat year-on-year at $662 billion during 2022, despite clocking about half of global inflows, UNCTAD’s World Investment Report 2023 on Wednesday said. FDI inflows were higher in developing countries compared with those in developed economies.

cryptocurrency exchanges, and its founder, Changpeng Zhao, for illegal activities have put commoners’ and businesses’ thinking about the legitimacy and security that was initially promised by cryptocurrencies, non-fungible tokens (NFT) and virtual asset service providers (VASP). Cryptocurrency is a modern-day juggernaut. Its global market was valued at $2,191.25 million in 2022 in the Cryptocurrency Market Report by Polaris Market Research, with an expected Compound Annual Growth Rate (CAGR) of 11.6 per cent from 2023 to 2032.

Amar Sadhuram Mulchandani, the ex-chairman of Seva Vikas Cooperative Bank, was arrested on July 1 and a special Prevention of Money Laundering Act (PMLA) court sent him to ED custody till July 7, the federal probe agency said in a statement. «The arrest is made in connection with the ongoing investigation in the Seva Vikas Cooperative Bank fraud case in which the bank suffered a loss of Rs 429 crore in 124 NPA (non-performing assets) loan accounts.» «This has caused the bank to go bankrupt causing loss to thousands of small depositors,» the ED said. This is the fifth arrest by the agency in this case. The ED had earlier arrested a man named Sagar Suryawanshi, who took loans from the cooperative bank, two ED staffers working on contract at its Mumbai office and a «close associate» of Mulchandani for allegedly sharing «sensitive» information of this investigation in lieu of bribe.

New Delhi: Indian aviation regulator Directorate General of Civil Aviation has signed a memorandum of understanding with the European aviation regulator European Union Aviation Safety Agency (EASA) for cooperation in unmanned aircraft systems and innovative air mobility. This MoU will focus on collaboration on unmanned aircraft and innovative air mobility between the two civil aviation authorities, the regulator said.

As far as property in general is concerned, nomination facility is not available. “The transfer of immovable property is governed by the Transfer of Property Act, 1882, and the registration of properties is governed by the Registration Act, 1908. On completion of registration of immovable property, the transferee becomes the legal owner of the property.

Belt and Road Initiative (BRI) during the declaration issued at the conclusion of the Shanghai Cooperation Organisation (SCO) summit, making it the sole country to withhold endorsement of the project, Chinese President Xi Jinping emphasized the importance of protecting "regional peace". Prime Minister Narendra Modi chaired the summit, which was attended by Chinese President Xi Jinping, Russian President Vladimir Putin, Pakistan Prime Minister Shehbaz Sharif, and various other leaders from the participating countries.

Big Tech, the European Commission on Tuesday announced new rules to help watchdogs work on cross-border cases at a faster clip. Critics say investigations take too long and fines are too low to deter privacy breaches by Big Tech companies, undermining the goal of landmark EU rules known as the General Data Protection Regulation which came into force in 2018.

Supreme Court's intervention in curbing the «drastic powers» of the Enforcement Directorate (ED) in money laundering probes, as he appeared for arrested M3M group directors Basant Bansal and Pankaj Bansal. «See how the arrest was done. They were cooperating.

Xi Jinping pitched for his country’s Belt and Road Initiative (BRI) in his speech at the SCO Summit on Tuesday, claiming that the infrastructure project would facilitate regional cooperation and trade and investment, even as host India expressed reservations over such initiatives. Xi called for “efforts to better synergise high-quality cooperation under the BRI with various countries’ development strategies and regional cooperation initiatives”.

Putin on Tuesday hailed India’s presidency of the SCO and appreciated Prime Minister Narendra Modi’s support after the Wagner mercenary group staged a mutiny in Russia on June 25. The Shanghai Cooperation Organization (SCO) is firmly committed to building an equitable, multipolar world order grounded in international law, Putin said while addressing the virtual summit of the SCO.

Jagdeep Dhankar highlighted that Uniform Civil Code will bind Bharat and its nationalism more effectively, and emphasized that «any further delay in implementation of UCC will be corrosive to our values.» Addressing the 25th convocation of IIT Guwahati on Tuesday, the vice President stressed that Directive Principles of State Policy (DPSP) are 'fundamental in governance of the country' and it's the duty of the State to make them into rules. Mentioning that many DPSPs like panchayats, cooperatives & Right to Education have already been translated into law, he underlined that it was time to implement Article 44 of the Constitution.

Prime Minister Narendra Modi Tuesday said the members of Shanghai Cooperation Organisation can work towards maximizing the utilization of the Chabahar Port following Iran's membership of the world's largest regional organization. "The International North-South Transport Corridor can serve as a secure and efficient route for landlocked countries in Central Asia to access the Indian Ocean. We should strive to realize its full potential," the prime minister said.

India on Tuesday once again refused to endorse China's ambitious Belt and Road Initiative (BRI), becoming the only country in the Shanghai Cooperation Organisation (SCO) not to support the project. A declaration issued at the end of an India-hosted virtual summit of the grouping said Russia, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan reaffirmed their support to the BRI.

Shavkat Mirziyoyev during his speech at the virtual summit of the Shanghai Cooperation Organization (SCO) on July 04 addressed important issues related to long-term sustainable development in the SCO region, for increasing inter-regional trade, the Green Agenda and cooperation in the sphere of tourism among others. Speaking about the vast economic opportunities in the SCO region, he pointed out that SCO accounts for approximately one-third of the global GDP, about 27 percent of foreign direct investments, and up to 20 percent of global trade.

A French court has upheld the freezing of assets of Lebanon’s embattled central bank governor rejecting his appeal to have them released