COST Financial News

The bid price for Origin Energy from its North American suitors needs to be boosted towards $10 a share or higher to reflect the big lift in the takeover target’s business since it was agreed, Macquarie has told clients.

wholesale inflation slowed in August for the eighth straight month, data showed on Wednesday, offering some relief for households and retailers hit by past sharp rises in raw material imports. The corporate goods price index (CGPI), which measures the price companies charge each other for their goods and services, rose 3.2% in August from a year earlier, matching a median market forecast. It slowed from a revised 3.4% rise in July, and is now off a peak 10.6% year-on-year surge hit in December last year, data by the Bank of Japan (BOJ) showed. «While crude oil prices remain high and yen falls continue, wholesale inflation is slowing… and could post a year-on-year decline in the fourth quarter,» said Toru Suehiro, an economist at Daiwa Securities. «The price declines seen for some goods can't be ignored» as it could affect households' perception of future price moves, he added. Rising wholesale prices, driven by last year's surge in global commodity costs and the weak yen, have pushed up Japan's broader consumer inflation by prodding many firms to charge households more for their goods. While consumer inflation has remained above the BOJ's 2% target for more than a year, the central bank has stressed the need to keep ultra-loose monetary policy until such supply-driven rise in prices is replaced by an increase backed by domestic demand.

G20 summit has demonstrated to the world that India can provide leadership with a vision and forge consensus even in these difficult times, commerce and industry minister Piyush Goyal told Deepshikha Sikarwar in an interview. The India-Middle East-Europe Economic Corridor will help the region economically integrate, drive down logistics costs and speed up the movement of goods and people. Edited excerpts.What is the key takeaway from the G20 Summit?The New Delhi G20 Summit has demonstrated India's emergence on the world stage as a nation that can provide leadership — leadership of vision; leadership that is sensitive, cares for the world and that can be trusted; leadership that can take along divergent viewpoints and can build consensus for the entire world.

Republican senators blasted a range of SEC rule proposals Tuesday — from mutual fund reform to a measure targeting advisor and broker conflicts when using artificial intelligence — while the agency’s leader assured them he is listening to critics.

Qantas has lost its battle to overturn a Federal Court ruling that it illegally sacked nearly 1700 workers during the pandemic, with the full bench of the High Court dismissing its appeal.

Crackerjack Foods, a privately owned Melbourne manufacturer of potato cakes, has been bought out by US french fries giant Lamb Weston, which is backing the potato cakes and hash browns market to grow strongly as Australians demonstrate a preference for pub dining over restaurants.

The High Court of Australia will on Wednesday morning decide whether Qantas illegally sacked nearly 1700 ground staff during the pandemic. Employers across the country will be watching the ruling closely.

Insurance customers want more frequent and clearer outlines about how their damage claims are progressing and timelines for conducting repairs, the industry’s association has admitted.

Top US companies have focused their firepower for much of the past two years on opposing a US Securities and Exchange Commission plan that would require them to disclose greenhouse gases and climate-related financial risks. In doing so, they’ve overlooked a California bill passed Tuesday that’s poised to have an even bigger impact.

The recession question is never far away and there is no consensus on when or how deep it will be.

Thailand's Prime Minister Srettha Thavisin on Tuesday said his cabinet would this week issue a raft of policies to lower the cost of living, suspend farmers' debts, draw more tourists and boost incomes. Srettha and his 11-party government is presenting its largely populist policy agenda to the new legislature and inherits an underperforming economy struggling from weak demand for Thai exports and lower investor confidence. Srettha, a real estate mogul and political newcomer, has come under fire in parliament for policies the opposition say are vague and lack clear direction. He said cabinet would formalise the plans on Wednesday and introduce them as soon as possible. «I am not sure whether it will be a surprise or not but there are lots of policies that match the challenges,» he told reporters. Industrial sentiment hit a one-year low in August, despite the end of months of post-election deadlock, with concerns over weak exports and the slow recovery.

G20 summit was the 'value' of the India stake in foreign policies of other countries. For that alone, countries made compromises, thus ensuring a successful summit for India. So, what is the India stake? Put simply, almost all G20 countries want to invest in their relationship with India for long term.

A coalition of professional sports teams in Missouri is backing a new proposal to put the legalization of sports betting on the 2024 ballot

Several low cost and low tech interventions would increase the chances of mothers and their babies surviving childbirth, according to a new report released Tuesday by The Bill & Melinda Gates Foundation

Child poverty in the United States more than doubled and median household income declined last year when coronavirus pandemic-era government benefits expired and inflation kept rising

Police arrested six protesters Tuesday who tried to disrupt the start of land-based testing for New Jersey’s first offshore wind farm

Mint takes a closer look at the idea and the benefit it offers. An economic corridor, a term coined by the Asian Development Bank, is an integrated network of infrastructure—including rail, road, and port—within a defined geographical area that connect various economic hubs. They link centres of production with centres of consumption.

NEW DELHI : The union cabinet will soon consider the ₹6,000-crore incentive scheme for coal gasification projects. The cabinet note has been finalized and moved for approval, said two people in the know of the development. The government will provide incentives for gasification under three components—those that are led by public sector units, those sponsored by private sector companies and pilot projects.

NEW DELHI : The recently launched Global Biofuels Alliance will work on the definition and specification of biofuels, and also increase international cooperation through a virtual marketplace, said Union petroleum & natural gas minister Hardeep Singh Puri. The alliance was launched on 9 September with 19 countries and 12 international organizations agreeing to join. In an interview, Puri said India would increase its production of biofuels going ahead.

By Marianna Parraga

(Reuters) — U.S. House of Representatives Republicans will open an impeachment inquiry into Democratic President Joe Biden after months of investigations of his son Hunter Biden's foreign business dealings, Speaker Kevin McCarthy said on Tuesday.