COST Financial News

By Walter Bianchi

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By Abhijith Ganapavaram and Allison Lampert

carbon emissions — originating from design, production and deployment of cement, steel and aluminium — have lagged. UNEP pinpoints three strategies to decarbonise building materials: one, avoid unnecessary extraction and production; two, shift to regenerative materials; and three, improve decarbonisation of conventional materials. Sugarcrete is one such regenerative material.

NEW DELHI : The divergence in gross domestic product (GDP) and gross value added (GVA) data for the third quarter of FY24 could be attributed to reduced fertilizer subsidy disbursements, said a senior government official. India's GDP spiked to a six-quarter high of 8.4% in Q3 FY24, surpassing estimates, while GVA growth stood at 6.5% during the same period, according to data from the statistics ministry.

Congress MLAs sold their souls and went against the party ethics to cross-vote in the Rajya Sabha election and they will be made to pay for it by God, Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu said on Friday. «Those who betrayed the party and played with the sentiments of the people of the state won't be spared even by the Almighty,» said Sukhu addressing a public meeting in Dharampur in the Kasauli Assembly constituency of Solan district. He said that six rebel MLAs from Congress abstained themselves from the house during the passing of the budget and when a coup was planned to take place by the rival BJP. Sukhu accused the BJP of being ill-at-ease with his government's performance in curbing corruption and starting welfare schemes.

A new study from TIAA adds to the body of knowledge on financial stress and its influence on mental health.

B. Riley Financial Inc. posted a wider quarterly loss, halved its dividend and delayed filing its annual report, citing a review of transactions with a key client that have drawn attacks by short sellers. Shares of the boutique investment bank fell 15% in late trading Thursday.

supercar owner, don’t underestimate the cost of maintaining one. Supercar collectors or long-time users point out that keeping the engine purring could set you back approximately 3,00,000 Rs 5,00,000 a year. “[On average] A supercar’s maintenance costs about 30 per cent more versus a regular luxury car,” says Imran Majid, owner of a Nissan GTR 35 Skyline (currently the fastest Nissan GTR in the country) and also co-founder of automotive customisation shop Kik Shift. Prime condition

Business activity in India's manufacturing sector is showing signs of improvement. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose to 56.9 in February from 56.5 in January. A figure above 50 indicates expansion.

By Naomi Rovnick and Stella Qiu

FOX Business’ Kelly O’Grady provides analysis of the U.S.’s inflation data as the Federal Reserve continues to grapple with a smooth economic recovery.

A new study says U.S. ski areas lost $5 billion from 2000 to 2019 as a result of human-caused climate change

The U.S. economy is humming and there are hundreds of thousands of jobs being added every month

The average long-term U.S. mortgage rate rose for the fourth week in a row, another affordability setback for prospective homebuyers just as the spring homebuying season gets going

Missouri residents could see a roughly $138 million tax break under legislation intended to offset a surge in local property tax collections caused by higher vehicle values

Prime Minister Narendra Modi on Friday inaugurated and laid the foundation stone for projects worth ₹35,700 crore in Jharkhand. The Prime Minister is on a two-day visit to Jharkhand, West Bengal, and Bihar on March 1 and 2. Here are the top ten updates: 1.

Fitch Ratings has revised the outlook on the long-term foreign-currency issuer default rating (IDR) of Tata Chemicals to “stable” from “positive" while affirming the rating at 'BB+'. The revision in the outlook is based on the view that the global soda ash industry will remain oversupplied for longer than previously anticipated.

India Q3 GDP data: Indian economy grows by 8.4% in Dec quarter driven by construction, manufacturing sector Asia's third-largest and the world's fastest-growing major economy expanded 8.4% in the October-December quarter, partly helped by a surge in manufacturing, according to data released by the government on Thursday. That growth rate was much stronger than the 6.6% expansion predicted in a Reuters survey, where the highest forecast was 7.4%. The manufacturing sector, which accounts for 17% of India's economy, expanded 11.6% year-on-year last quarter.

India's manufacturing industry enjoyed robust growth in February with activity expanding at its fastest pace in five months, led by accelerated global demand and lower inflationary pressures, a private survey showed. The HSBC final India Manufacturing Purchasing Managers' Index, compiled by S&P Global, rose to 56.9 in February from January's 56.5, beating a preliminary estimate of 56.7. India's manufacturing PMI has been above the 50-mark that separates growth from contraction for 32 months.

CMA CGM expects disruptions to commercial shipping to last months, Chairman and CEO Rodolphe Saade said. Shipping firms are diverting vessels on to the longer, more costly route around southern Africa after Houthi militants in Yemen began drone and missile attacks on ships in the Red Sea and Gulf of Aden last November. «This will probably last for some months,» Saade said.