COST Financial News
27.07 / 02:03
26.07 / 23:47
COST
UPS
Parke
Morningstar
reports
Jasper wildfire could cost insurance industry an estimated $700M
The Jasper wildfire could cost the insurance industry up to $700 million, making it one of the most expensive wildfire disasters in Canadian history, DBRS Morningstar said Friday.
26.07 / 19:54
COST
Sustainability
Food
pandemic
country
Latin
Surging shipping costs give companies a sinking feeling
freight rates have soared around 105% in the past three months and a severe container shortage is hurting industries from agriculture to automotive.
26.07 / 19:52
COST
UPS
Barcelona
country
travelers
Destinations
Many taking path less travelled
tourism has been highlighted again by renewed anti-tourism protests in the popular Spanish holiday destination of Mallorca this week. This is the latest in a series of protests that have taken place in Barcelona, Malaga and the Canary Islands. The main contention of the activists there is that tourists have driven up housing costs, leading to locals finding central areas unaffordable.
26.07 / 14:19
COST
Target
Action
economy
Trade
Russia's Central Bank hikes interest rate as inflation soars
Russia’s Central Bank has raised its key lending rate to the highest level in more than two years to stem soaring inflation in an overheated economy hit by Western sanctions in response to Moscow’s military action in Ukraine
26.07 / 13:44
COST
CEO
Tesla
Coronavirus
pandemic
reports
Automakers hit 'significant storm,' as buyers reject lofty prices at time of huge capital outlays
Investors are punishing automakers’ stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices
26.07 / 13:22
markets
COST
security
Trade
FCA to overhaul UK prospectus rules with 'more efficient' capital raising regime
In a consultation paper published today (26 July), the regulator laid out the proposed creation of the Public Offers and Admissions to Trading Regime (POATRs) to replace the current UK prospectus regulation. Under the proposed rules, companies will still need to publish a prospectus when they first list their securities on public markets. However, if a company wants to raise additional capital later on, it will not need to issue a prospectus except in «limited circumstances». According to the FCA, these changes will reduce the listing costs on UK markets, make capital raising easier a...
26.07 / 13:11
26.07 / 13:11
26.07 / 13:06
COST
UPS
economy
Food
pandemic
President
Harris will carry Biden's economic record into the election. She hopes to turn it into an asset
A key question is looming for Vice President Kamala Harris as she edges closer to gaining the Democratic presidential nomination: Can she turn the Biden-Harris economic record into a political advantage in a way that President Joe Biden failed to do
26.07 / 13:00
COST
Citi
Waters
Manufacturing
wellness
Fishing
Wildlife
Monsanto agrees to $160 million settlement with Seattle over pollution in the Duwamish River
Ending an eight-year legal battle, chemical giant Monsanto has agreed to a $160-million settlement with Seattle for its part in polluting the Lower Duwamish River with toxins that posed a threat to humans, fish and wildlife
26.07 / 12:58
COST
Progressive
Fighting
Southern
reports
Norfolk Southern results complicated by derailment insurance payments, proxy fight and productivity
Norfolk Southern got a boost during the second quarter from insurance payments related to last year's disastrous East Palestine derailment, but it also made progress in reducing its expenses and getting more efficient
26.07 / 10:34
COST
UPS
security
reports
recommendations
ICICI Bank Q1 preview: Up to 13% YoY PAT growth seen, NII may rise by 5-8%
ICICI Bank is expected to report a net profit for the quarter ended June 30, 2024 in the range of Rs 10,441 crore — Rs 10,876 crore according to the estimates by four brokerages. The growth in April-June quarter profit after tax (PAT) could be between 8.1% and 12.7% on the year-on-year basis. The net interest income (NII) for the reporting quarter is seen in the range of Rs 19,253 crore to Rs 19,700 crore which translates into an uptick of 5.2%-8% on the YoY basis.
26.07 / 10:16
26.07 / 09:27
COST
UPS
FIVE
Food
2020
reports
Margin headwinds loom for Nestlé India after unappetizing June quarter
MUMBAI : Nestlé India Ltd’s shares have dropped by about 3% since its June quarter (Q1FY25) results were announced on Thursday. The numbers mark a substantial slowdown in growth of the packaged foods company with revenue increasing by a mere 3.3% year-on-year. This is the lowest print since the Maggi crisis in 2015 (excluding the June 2020 Covid quarter), said analysts from Kotak Institutional Equities.
26.07 / 08:55
26.07 / 07:47
markets
COST
Yellow
Research
Trade
Experts
Gold Prices
Gold prices slump Rs 5,000/10gm post Budget; bring cheers to retail investors
Gold prices have corrected sharply by 7 per cent or Rs 5,000 per 10 grams in the local markets after the government slashed basic custom duty on gold, and the lower costs will encourage more people to invest in the yellow metal, both as a commodity and as a financial asset, experts say. Analysts said customs duty cut has made gold imports cheaper. The move will help curb the rampant issue of gold smuggling, leading to growth in the organised jewellery sector.
26.07 / 07:34
26.07 / 05:36
COST
Waters
Opinion
Experts
show
recommendations
SJVN shares zoom 13% on getting Rs 14,000 crore Mizoram project
power stock SJVN on Friday rallied over 13% to the day's high of Rs 159.60 on BSE after receiving a Letter of Intent for allotment of Darzo Lui pumped storage project from the Mizoram government. «With an installed capacity of 2,400 MW, the Pumped Storage Project has been proposed across Darzo Nallah, a tributary of Tuipui river. The estimated cost of project on completion is Rs 13,947.50 crores including IDC & Financing costs at April 2023 Price Level. This is the first project of the company in the state of Mizoram,» SJVN said in a regulatory filing.
26.07 / 02:06
markets
COST
UPS
show
reports
Realty beckons: Will your taxes skyrocket by 1,000%?
₹100, which has appreciated at a compounded annual growth rate of 5% over the past two years (FY23 to FY25) to ₹110. Adjusting for inflation using the Cost Inflation Index (CII), the current purchase price is ₹109.6 (calculated as 100 * 363/331).
26.07 / 01:43
markets
COST
Target
Gap
security
show
Benchmark g-sec yield eases further following Budget announcements
benchmark sovereign bond yield retreated Thursday, closing at 6.951%, following budgetary announcements that sought to narrow the fiscal gap through judicious use of the bumper surplus the government received from its money manager — the central bank. The yield on the 10-year benchmark government security has eased 23 basis points so far in 2024. Bond yields stood at 6.96% on Wednesday. One basis point is 0.01%.
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