COST Financial News

In response to a nationwide crisis that has left more than 650,000 people without housing, 100 tiny home villages for the homeless have opened in the United States over the past five years

Laffer Tengler Investments CEO and CIO Nancy Tengler explains why she's recommending investing in equities over bonds for the long term.

A closely watched measure of inflation in Argentina remained stronger than the libertarian government of President Javier Milei would have hoped

Mint. During the height of the Ukraine war, in July 2022, the Reserve Bank of India said that it would put in place an additional arrangement for invoicing, payment and settlement of exports and imports in rupees. The RBI’s move was aimed at promoting trade in rupees and to help ease settlements with Russia.

₹3 lakh in the northern state, receiving a tax break that only electric vehicles in the state have enjoyed so far. Shares of Maruti Suzki India Ltd closed 6.6% higher on the BSE on Tuesday, while the BSE Auto index rose 2.17%. The UP government on 5 July said it will now fully implement its 2022 policy which waives road tax for EVs and strong and plug-in hybrids.

On Friday afternoon, when many Canadians were lost in weekend thoughts or already on their way to the cottage, Canada’s bank regulator — The Office of the Superintendent of Financial Institutions — announced it will delay for one year implementing the final elements of the Basel III accord.

When California’s minimum wage increase went into effect in April, fast food workers across the state went from making $16 to $20 overnight

Hero MotoCorp, Bajaj said he would stop making scooters altogether. It was a tectonic shift for a company that built its name riding on scooters. At its peak, the company sold nearly a million scooters every year in the mid-1990s.

Virginia’s largest utility says it will explore the possibility of using small nuclear reactors to meet growing electricity demands

Ericsson has reported a 44% on-year fall in sales in the second quarter of calendar 2024 in market area Southeast Asia, Oceania and India, primarily due to a moderation in network capex spends by India's top two telcos, Bharti Airtel and Reliance Jio, post-completion of their pan-India 5G rollouts. Ericsson's sales in the Southeast Asia, Oceania and India market area plunged to 7.7 billion crowns (₹6,116 crore approx) in Q2 2024, from 13.8 billion crowns (₹10,961 crore) in the year-ago period. Sequentially, the vendor's net sales in this region was down 10%. «Sales decreased by -44% YoY. Networks sales declined primarily in India as investment levels have normalised after a record year in 2023,» Ericsson said in its earnings report Friday.

housing sales have resulted in decline of unsold inventory and average residential prices to soar by 49% between H1 2019 and H1 2024 in Delhi and Mumbai. NCR recorded a 49% five-yearly jump in average residential prices from Rs 4,565 per sq. ft. to Rs 6,800 per sq. ft. In MMR, average residential prices appreciated 48% in the period – from Rs 10,610 per sq. ft. in H1 2019 to Rs 15,650 per sq. ft. in H1 2024.

electrolyser manufacturing under the production-linked incentive (PLI) scheme, have conveyed to the government that they will be able to commission their units by next year, ahead of the 2026 deadline, said people aware of the development. This will be a boost to India's green ambitions as electrolysers are essential for green hydrogen production. John Cockerill Greenko Hydrogen, L&T Electrolysers, Reliance Electrolyser Manufacturing and Adani New Industries see their manufacturing units ready by 2025.

Leading Filipino crypto exchange Coins.ph has launched its Philippine Peso stablecoin, PHPC, on the Ronin blockchain.

4G services under the phase IX.2 project, in Chennai, Tiruvallur Kancheepuram, and Chengalpattu districts, shortly. The company under the Phase IX.2 project would install 2,114 4G towers for which the work is under progress in the four districts. In an official release, the telecom major said it has launched 4G services in various places in Tiruvallur district today. This significant step under the 4G Saturation project utilizes cutting-edge technology developed under the 'Make in India' initiative.

beer category by nearly three times in FY24, companies' reports and excise data showed. According to available data, premium beers (on average, beers priced above Rs 125 per pint) grew 25-30% by volume in FY24, compared to 8-10% growth of the overall beer category. At Bira91's recently opened Taproom pubs in Ludhiana, flavoured premium beers such as Citrus Wheat, IPA and Stouts are outselling stronger and regular lagers by about three times. «What is interesting to note is that there's this stereotype that people in Punjab drink strong beers. But this busts that stereotype — consumers there are actually drinking beers that are flavourful and milder,» said Ankur Jain, chief executive of B9 Beverages, which sells Bira91.

Delta Air Lines says its second-quarter profit is down 29% from a year earlier, and it's giving a disappointing outlook for the third quarter

Adani Group, and India, have scripted history with a big cargo ship called San Fernando from China arriving at Kerala's newly built Vizhinjam International Sea Port. The 300-metre-long San Fernando, operated by Maersk, one of the world’s leaders in shipping and logistics, is the first commercial container cargo vessel to dock at India's largest transhipment port. Kerala Chief Minister Pinarayi Vijayan and Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal formally welcomed the ship. «The commissioning of Vizhinjam Port has started a new chapter in the development of Kerala. This moment is a matter of pride for our country too,» Vijayan said. «This milestone marks India's entry into global transshipment and ushers in a new era in India's maritime logistics, positioning Vizhinjam as a key player in global trade routes. Jai Hind!» Adani Group chairman Gautam Adani wrote on X. Karan Adani, Managing Director of Adani Ports and SEZ Limited (APSEZ), said in a statement, “San Fernando – now berthed at our harbour — is a symbol of a new, glorious achievement in Indian maritime history… No other port in India – including our own highly advanced Mundra Port – has these technologies. What we have already installed here is South Asia’s most advanced container handling technology. And once we complete the automation and the Vessel Traffic Management System, Vizhinjam will be in a class of its own as one of the most technologically sophisticated transshipment ports in the world.”

Catherine de’ Medici’s captivating saga continues with the premiere of «The Serpent Queen» season 2 which aired on STARZ on July 12 at 8 p.m. ET.

Bajaj CNG motorcycle is poised to revolutionize the market, potentially paving the way for similar technologies to be adopted in other models. This could lead to significant reductions in fuel costs and lower emissions, addressing two critical concerns for two-wheeler owners in India.

The weight-loss drug Wegovy has been bombarding TV commercial breaks with ads, more than a year after its manufacturer, Novo Nordisk, limited starter-dose supplies in the U.S. to get a handle on demand. An ad titled “Discover the Power," part of a national advertising campaign called “The Power of Wegovy" that was announced in June, aired 6,271 times on national traditional TV between June 3 and June 25, according to TV ad-tracking firm iSpot.tv.

Those looking for a reason why headline wage growth has remained persistently high despite the slowdown in inflation need look no further than the federal government, according to an analysis published this week by Desjardins Group.