COST Financial News

Abbott Laboratories on Wednesday reported first-quarter profit of $1.23 billion

Authorities in Canada say they have made arrests in the theft of a cargo container that included gold and other items worth over 20 million Canadian dollars — about $14.5 million — that were stolen from Toronto’s Pearson International airport a year ago

Inflation in the U.K. fell to its lowest level in two and a half years in March after a further easing in food prices

The owner of the container ship Dali has initiated a process requiring owners of the cargo on board to share salvage costs after the deadly collapse of Baltimore’s Francis Scott Key Bridge

Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak

Amazon wants other businesses to know it’s not giving up on its Just Walk Out technology

Sometimes you need to buy a car you’ve never seen

Hugh Grant says he accepted “an enormous sum of money” to settle a lawsuit accusing the publisher of The Sun tabloid of unlawfully tapping his phone, bugging his car and breaking into his home to snoop on him

Air India has sold four of its last remaining Boeing 747-400 jumbo jetliners, marking the end of an era that had once thrust the airline to the global league. People familiar with the matter said the four aircraft have been sold to US company AerSale, a supplier of aftermarket commercial jet engines and parts. While two aircraft are likely to be converted to freighters, two will be disassembled for their parts, the people said. Vman Aviation Services, a Mumbai-based company, will manage the transfer of the planes to AerSale.

Prime Minister Justin Trudeau hit the trail to make a series of pre-budget announcements, mostly on housing, that left some wondering what was left to be said when the federal budget 2024 was released on Wednesday. It turned out, the Liberals still had some surprises in store for Canadians and businesses.

Since the great financial crisis of 2007-08, regulators have engaged in the biggest push since the 1930s to de-risk the global financial system. Yet instability and flawed risk management have proved extraordinarily resistant to this regulatory onslaught.

NEW DELHI : The World Bank plans to provide a $1 billion line of credit to the State Bank of India (SBI) to support the expansion of Battery Energy Storage Systems (BESS) and electric mobility in the country, two people aware of the development said, a move that helps India quicken its green energy transition. The proposal aims to help attract early investments and mobilize private capital and commercial financing. The amount will be disbursed in tranches.

NEW DELHI : Tata Communications’ net profit for the quarter ended 31 March surged to ₹321.52 crore, from ₹45.1 crore in the previous quarter, but was down 1.5% from ₹326.42 crore in the same quarter a year ago. Consolidated revenue for the quarter rose 24.6% year-on-year to ₹5,692 crore. Of this, data revenue rose 26.9% to ₹4,656 crore.

BSP National Co-ordinator and party chief Mayawati’s nephew Akash Anand is virtually leading the party campaign in the 2024 Lok Sabha elections as she appears to have taken a back seat. Anand spoke with Rakesh Mohan Chaturvedi on a host of issues. Q: BSP had contested the 2019 general elections in alliance with SP and RLD, winning 10 seats. Why fight alone this time? A: If you look at 2014 and 2019 data, we were hovering around 19% percent. On cutting into Opposition votes, we want to make absolutely clear that when we contest alone we maintain our vote-share but in alliance our partner cuts into our vote-share, helping BJP. We are quite confident and competent this time. Does BSP feel that though it is able to transfer its vote to its pre-poll ally, its partners like SP or RLD do not? Historically, it is very clear that BSP is able to divert its votes to its alliance partner, but the same cannot be said for the other side.

The aircraft intercepted data around the incoming missiles on Israel and passed the information at real-time to fighter pilots of Israel along with operators of Israel's Iron Dome, which is a defense system that blocks enemy missiles and attacks on Israel's land. The tech available on the multi-million pound aircraft tracked down all the incoming 320 missiles and drones launched from Iran. Interestingly, from the moment the missiles began raining down, Iranian State TV broadcasted almost every moment of it, according to The Sun report.

UK's March inflation print underscored market uncertainty about when BoE policymakers led by Governor Andrew Bailey will be able to ease off on the highest interest rates in 16 years. However, UK inflation is still higher than the BoE's two per cent but the direction of the downtrend is clear, said analysts. While UK has lifted rate cut hopes.

Companies that unlock new bitcoins are revamping their businesses to depend less on the cryptocurrency ahead of a supply contraction that will cut profits in half. The crypto industry is holding its breath for an event called the halving, an adjustment to the bitcoin blockchain that cuts in half the number of bitcoins that can be unlocked by miners. The change, which takes place every four years, will halve the number of bitcoins released on average every 10 minutes to 3.125 from 6.25 on or around April 19.

Companies that unlock new bitcoins are revamping their businesses to depend less on the cryptocurrency ahead of a supply contraction that will cut profits in half. The crypto industry is holding its breath for an event called the halving, an adjustment to the bitcoin blockchain that cuts in half the number of bitcoins that can be unlocked by miners. The change, which takes place every four years, will halve the number of bitcoins released on average every 10 minutes to 3.125 from 6.25 on or around April 19.

New York politicians are seeking to supercharge construction of new affordable housing while also giving thousands of existing apartment dwellers stronger protections against evictions and rent increases. The complex deal brokered by Gov.

In a trading update today (17 April), the asset manager said its FUM rose by 2% to £17.9bn in the quarter, as it benefited from market gains worth £642m. Gross inflows during the period were £533m, but gross outflows reached £828m, leading to an overall £294m net outflow.  The Bespoke Portfolio Service business took the biggest hit with £205m net outflows, which the firm attributed to clients withdrawing funds to repay debt or hold higher cash balances in the current interest rate environment.  Brooks Macdonald and IG Group scale back staff to cut costs Brooks Macdonald's UK inv...

India Ratings and Research (Ind-Ra) has upgraded realty developer Sunteck Realty’s Long-term Issuer Rating to ‘IND AA’ from ‘IND AA-’. The Outlook is Stable. The ratings factor in the strong operational performance that the developer has displayed since 2020-21, and consequent improvement in the scale of operations.