COST Financial News

Berkshire Hathaway Chairman Warren Buffett urged readers to come «inhale the air, drink the water» and attend the company's annual shareholder meeting in Omaha, his hometown. The letter, a document pored over by shareholders, analysts and press every year for insights into the legendary investor's thinking, playfully sought to link the success of his conglomerate with the setting of the heartland city, in eastern Nebraska along the Iowa border.

Spirits giant Brown-Forman Corp. says it’s reducing its global workforce by about 12% and closing its barrel-making plant in Louisville

Spain is planning a raft of measures to address its brewing housing crisis, including an up to 100% tax on properties bought by non-European Union residents

There's this story of a business magnate who strove all his life to make those millions. Finally, in his 70s, he lay on a beach at leisure, watching the sunset.

Subscribe to enjoy similar stories. Kolkata: In December, the iconic Howrah Bridge in Kolkata turned blue, as did the city’s famous clock tower, a replica of London's Big Ben. The South City and Acropolis shopping malls got the same treatment, as did the conveyor belts at Netaji Subhas Chandra Bose airport.

U.S. wholesale inflation rose last month on higher energy prices

Canada’s ambassador to Washington says Canada is prepared to buy more from the United States including its next fleet of submarines to appease President-elect Donald Trump's concerns about the U.S.-Canada trade deficit

Aam Aadmi Party (AAP), say they are facing a host of challenges which could influence their electoral preferences in the February 5 elections.

corporate earnings growth in 1HFY25, the Indian market is poised for a recovery in 3QFY25. The previous quarters have seen slower growth, primarily due to weakness in sectors like metals, oil & gas, and cement. However, we anticipate a positive shift in the upcoming quarter, driven by strong performances in key sectors such as BFSI, capital goods, technology, healthcare, and real estate. These sectors are expected to lead the recovery and drive earnings growth.

Shapoorji Pallonji Group firm Afcons Infrastructure’s shares surged 3.5% in early trade to a high of Rs 496.70 on the BSE on Tuesday, January 14, as the company emerged as the lowest bidder (L1) for the Rs 4,787.20 crore tender floated by the Maharashtra State Road Development Corporation (MSRDC). The civil construction company has been selected for two projects to construct the access-controlled Pune Ring Road (East) Packages PRR E5 and E7. Both projects are to be completed within 36 months.

Delta Corp, a gaming and hospitality company, will remain in focus on Tuesday, January 14, after the company reported that its Q3FY25 revenue from operations stood at Rs 194.33 crore, down 7.5% from Rs 210.13 crore in the corresponding quarter of the previous financial year. However, the company posted a 3.6% increase in consolidated net profit for the December quarter, at Rs 35.73 crore compared to Rs 34.48 crore in the same period last year.

Yogesh Patil, V-P, Dolat Capital, says Long-term contracts won't be affected by crude sourcing agreements with Russia, but spot purchases of Russian oil, which account for 40-45% of India's imports, will be impacted. Discounts on Russian crude were about $3 per barrel recently, but Indian refiners will now need to source oil from the Middle East without discounts, affecting their gross refining margins. Currently, petrol, diesel, and LPG prices are somewhat frozen, preventing companies from passing increased crude costs to consumers, leading to challenges for OMCs amid rising prices. On a positive note, ONGC and Oil India are expected to report strong results due to a weakening rupee, rising oil prices, and the removal of the windfall gain tax. However, ONGC's stock fell on Monday, likely due to concerns over its investments in Russian assets. How major could be the impact of the new sanctions by the US on Russian oil on global crude oil prices? Where do you see oil prices headed globally? Yogesh Patil: On Friday evening, the Biden administration imposed sanctions on the Russian export oil supply chain and two major oil companies including Gazprom Neft Gas, which are involved in export of closer to one million barrels per day oil on a daily basis. Secondly, they have sanctioned closer to 180 vessels, which are exporting the oil to different nations and lastly on some insurance companies.

Cash Warren and Jessica Alba's marriage might be ending, and their divorce could be very costly. According to an expert, Jessica Alba's estranged husband could receive $2 million a year in divorce from the wealthy actress.

Silicon Valley executives to help introduce this innovative approach aimed at reducing federal government costs. By leveraging DOGE, Musk hopes to revolutionize the way government departments operate while offering a new, more efficient method to tackle public sector spending.

Shares of Moderna tumbled Monday after the vaccine maker predicted a steeper-than-expected sales drop in the new year

Jeff Bezos and Lauren Sanchez's wedding is predicted by insiders. Insiders claim that Jeff Bezos and Lauren Sanchez are still going all out even though we know they won't be having a $600 million wedding in Aspen.

The Bank of Canada’s rapid interest rate cuts have seemingly not helped Canadians feel much better about their financial pictures as MNP LTD reports a new low in its outlook on personal debt.

Rural Development Ministry has approved 56 new Watershed Development Projects that will be undertaken at a cost of Rs 700 crores in the ten best-performing states, the government said on Monday. In a statement issued here, the ministry said the projects will be undertaken in Rajasthan, Madhya Pradesh, Karnataka, Odisha, Tamil Nadu, Assam, Nagaland, Himachal Pradesh, Uttarakhand and Sikkim.