COST Financial News

Fortescue’s global growth executive, Julie Shuttleworth, will meet the new leaders of Gabon “imminently” in the wake of last month’s military coup.

option strategies, explaining Tara the concepts of Strangles and Short Strangles. She also pointed out a significant drawback of short strangles, where a trader is exposed to unlimited risk, and a substantial directional market move can seriously dent their trading capital. To address this concern, Maya suggested two alternative approaches to Tara: using stop-loss orders or transforming both sold options into credit spreads by purchasing far out-of-the-money (OTM) options. This transformation turns the short strangle into a well-known strategy known as Iron Condor.Iron Condor: Tara, intrigued by the idea, asked Maya to elaborate on the Iron Condor and its popularity. Maya, appreciating Tara's enthusiasm for exploring new trading strategies, gladly obliged.

Crude oil prices clocked at a ten-month high last week, driven by worries about supply shortages after an unexpected extension of voluntary supply cuts by Saudi Arabia and Russia. Hopes of a delay in further rate hikes by the US Federal Reserve and positive fuel demand from China aided the demand outlook. The most active US WTI crude tested $88 a barrel level, while the Asian benchmark Brent crude pushed above $90 a barrel, for the first time since November last year. A similar move was witnessed in the domestic futures market as well. In April, the key oil-producing countries including Russia, commonly known as OPEC Plus, announced a combined production cut, proposed to extend till 2024 aimed at supporting market stability. However, Saudi Arabia and Russia voluntarily introduced additional reductions in production on top of the broader deal by the OPEC plus countries. Saudi announced a reduction of 1 million barrels of oil per day from July while Russia started cutting down daily production by 300,000 barrels per day. There were expectations in the market that both countries would extend the supply cut into October, but they surprised the market by extending the program till the end of December. Both countries also informed that the plan would be reviewed monthly and adjusted according to market conditions. This has raised worries that demand will exceed supply in the coming quarter sending prices to multi-month highs.

India’s real estate sector is poised for remarkable growth, projected to reach a value of US$ 1 trillion by 2030 and contribute 13% to the GDP by 2025, as per the IBEF report. The rebound in 2022, with a 68% surge in home sales across the top eight cities, underlines a resilient comeback. Post-COVID, the sector emerges as a significant job creator, offering diverse opportunities and aiding economic recovery. Amid these dynamics, the pivotal role of repo rates comes to attention.

Chandrababu Naidu, the president of the Telugu Desam Party, was produced in an Anti-Corruption Bureau court here on Sunday morning amid tight security, a day after being arrested in an alleged corruption case. Siddarth Luthra, a Supreme Court lawyer, and a team of advocates are representing the former Andhra Pradesh chief minister. At the court complex, several TDP top leaders and party personnel gathered. Following a 10-hour questioning at the CID's Special Investigation Team (SIT) office in Kunchanapalli, he was transported to Government General Hospital in Vijayawada for medical testing at 3:40 a.m. Following the tests, which lasted around 50 minutes, Naidu was returned to the SIT office, despite the fact that he was anticipated to be transferred directly to a local court. TDP spokesperson Pattabhi Ram Kommareddy said the TDP chief's son Nara Lokesh, wife Nara Bhuvaneswari, and others were waiting at the ACB Court. «We expected him to be taken to court.» But they returned him to the SIT office.

Pooja*, a college student, does not want flowers from her admirers. “Rose mat do mujhe, koi aur gift do na (Don’t give me a rose, give me another gift”),” she tells the 200-odd ‘fans’ watching her on a live-streaming app.Why, you ask? The ‘rose’ is, after all, a virtual one, available free of cost on the platform.

Belt and Road Initiative (BRI), which has pushed many countries into a debt trap besides losing control over their assets, leaders of India-US-Saudi Arabia-UAE-Europe-Japan on Saturday announced a mega joint infrastructure deal to connect Asia with Europe via ports and railroad. Prime Minister Narendra Modi launching the project said an India-West Asia-Europe connectivity corridor for economic integration would be launched soon. Modi made the announcement flanked by US President US Biden, Saudi Arabia Prime Minister Mohammed bin Salman, President of UAE, EU and key European leaders on the sidelines of the G20 Summit. «This corridor will show a sustainable way to the whole world,» the Prime Minister said. While the US President described it as a game-changer, Ursula von der Leyen, President, European Union said, «It will be the most direct connection between India, Middle East.

G20 Declaration embodies the 'One Family, One Earth, One Future' vision and inclusion of the African Union in the global economic forum grouping will greatly intensify partnership with the continent, B20 Chair N Chandrasekaran said on Saturday. The Declaration is also «a momentous milestone of our Presidency of the G20 under Prime Minister Narendra Modi», said Chandrasekaran, who is also the Executive Chairman of Tata Sons. «B20 India warmly welcomes the inclusion of the African Union in the G20 grouping.

Homeless encampments have been multiplying across Ontario since the pandemic, but experts say this visible symptom of the national housing crisis has been a long time coming.

As they race to capitalize on a craze for generative AI, leading tech developers including Microsoft, OpenAI and Google have acknowledged that growing demand for their AI tools carries hefty costs, from expensive semiconductors to an increase in water ...

₹60,000, while the Pixel 8 Pro may cost more. Leaked specs suggest impressive displays, powerful Tensor G3 chipsets, and advanced camera setups. Stay tuned for the official details and an exciting launch event.

According to the budget for 2023-24, the governmen... moreAccording to the budget for 2023-24, the government had allocated ₹990 crore for G20 presidency.

President Joe Biden and his allies have outlined plans to create a rail and shipping corridor linking India with the Middle East and ultimately Europe

Rockstar Games suffered a huge embarrassment when it accidentally sold the cracked version of some popular games like ‘Midnight Club 2’, ‘Max Payne 2’, and ‘Manhunt’ on Steam. Generally, cracked versions are immensely popular as they offer some top-rated titles free of cost. However, most of these cracked versions contain files that can damage the systems on which they are downloaded. Earlier the data miners found that Rockstars was selling cracked copies on Steam. Now it is confirmed.

self-employed people have to carefully plan various aspects of their work and life. One of these is choosing a suitable health insurance plan. Yogesh Agarwal, Founder and CEO of employee healthcare platform Onsurity, says, “As of 2023, there are an estimated 73.3 million freelancers in the United States. According to an Everly Survey, 42% freelancers in the US don’t have any form of health insurance due to high costs. Now, if we talk about India, it has over 15 million freelancers. However, there is no data on the public domain as to what percentage of freelancers in India have health insurance coverage. Of the 10,00,000 individuals served by Onsurity through its employee healthcare plans, 43% are gig and contractual workers.” But why should self-employed individuals invest in health insurance? This coverage is needed to meet financial responsibilities and unexpected expenses related to the health of the individual and family. As freelancers do not have a guaranteed steady income or corporate healthcare coverage, health insurance is especially necessary for them. Agarwal says the cashless claim feature in health insurance policies can be invaluable for the self-employed. Pankaj Goenka, Assistant Vice-President & Head-B2B Business, InsuranceDekho, says that investing in a comprehensive health insurance plan isn’t just a smart financial move, but also a proactive step towards safeguarding ourselves from the unexpected burden of medical costs. The other benefits include financial security, peace of mind, quality healthcare, preventive care and tax deductions.

Uber Technologies Inc. is working on a TaskRabbit-like service that will let app users hire people to conduct various tasks in an expansion beyond driving and deliveries. The potential new service, codenamed “Chore,” was discovered inside of Uber’s iPhone app within hidden code strings. According to the code, a “tasker” can be hired for a minimum of one hour. The app will ask users to specify what job is needed, how long it will take and when they want the person to arrive.

Birmingham's city council on 5 September, declared itself bankrupt, putting a pause on all spending except essential ones. The Birmingham city council issued a 114 notice last Tuesday, thereby joining a string of local authorities, which include Woking, Croydon, and Thurrock, that have announced it did not have the resources to balance its books, the United Kingdom that is now living “hand to mouth". So far the Conservative party Prime Minister Rishi Sunak-led government has refused to come to the Birmingham City Council's rescue.

climate crisis, the French government is set to propose a minimum flight price policy to the European Union, potentially spelling the end of ultra-cheap flights within Europe. Clément Beaune, the French Transport Minister, emphasized in an interview with L’Obs that low-cost flights are no longer sustainable, primarily due to the climate emergency. He argued that the rock-bottom fares do not account for the true environmental cost, stating that they "[don’t] reflect the price for the planet." This announcement comes on the heels of France's decision to ban select short-haul flight routes, encouraging travelers to opt for rail travel and thereby reduce carbon emissions. While this ban has, for now, affected only three routes (Paris-Orly to Bordeaux, Lyon, and Nantes), it symbolizes a larger commitment to environmental responsibility. Furthermore, taking inspiration from Portugal and Germany's successful affordable monthly rail pass initiatives, the French government is reportedly exploring the possibility of introducing a similar scheme. Europe is witnessing a resurgence in rail travel, with plans for new high-speed routes and the revival of sleeper routes, such as the one from Paris to Berlin. With viable alternatives to flying emerging, the potential end of cheap flights could provide added motivation for passengers to opt for train travel and contribute to a more sustainable future.

We're talking about September 9, which is more famously now conceived as the 'World EV Day'. The global automotive space celebrates the growing momentum of the EV industry, highlighting the need for sustainable mobility, free of tailpipe emissions. The whispers of the segment have started to transition into choruses, yet, remain restrained by marked challenges. However, it's no secret that EVs in India, is a rapidly growing segment. Things actually started to pace up with the rollout of schemes such as the PLI (Production Linked Incentive) and the FAME (Faster Adoption and Manufacturing of Electric and Hybrid Vehicles in India) subsidies, which are aimed at making EVs affordable to the masses. The segment has started to shape up yet there are several factors posing as a roadblock in mass EV adoption such as a lack of charging infra, high upfront costs of EVs as compared to ICE vehicles, to state the obvious.

Spain's women's league — have initiated a strike, protesting for what they deem a dignified minimum wage. This move comes on the heels of Spain's FIFA Women's World Cup winners vowing not to represent their country in their battle against sexism within the nation's soccer federation. The strike, which has disrupted the beginning of Liga F's second season, has gained momentum amid the turmoil caused by soccer federation president Luis Rubiales.

Andhra Pradesh Crime Investigation Department (CID) has brought to light a complex web of deceit surrounding former Chief Minister N Chandrababu Naidu. The CID alleges his pivotal role in a staggering Rs 370-crore skill development scam. Let's dive into the intricate series of events that led to these startling accusations.Deceptive MOU The tale begins with the approval of a seemingly innocent Memorandum of Understanding (MOU) by the Skill Development Department.