COST Financial News

By Davide Barbuscia and Carolina Mandl

(Reuters) — Shares of Walt Disney (NYSE:DIS) were down 3.7% on Thursday, hitting their lowest level in nearly three-and-a-half years, with some investors betting that a further price drop is on the cards in the next few months.

By Safiyah Riddle

By Michael S. Derby

The FTX bankruptcy saga has taken an alarming turn as daily legal expenses surge to a staggering $1.5 million, with creditors now sounding the alarm.

green bonds this fiscal year as investors demand higher yields despite their eco-friendly label, said a senior government official. The earlier plans to issue ₹15,000-16,000 crore in green bonds during the second half of FY24 have been put on hold. “Green bonds haven’t provided any benefits yet.

Reuters citing data from analytics firm S3 Partners. According to the report, S3 Partners said that bearish bets on the world’s largest chipmaker, have cost investors $11.36 billion in paper losses so far this year, neck-to-neck with Tesla as the worst performing short bet. Shares of Nvidia rose 7.4% at $506.30 before the opening bell on Thursday.

Norway is rebuilding a dilapidated reindeer fence along its border with Russia in the Arctic to stop the animals from wandering into the neighboring country — costly strolls for which Oslo has to compensate Moscow over loss of grassland

Turkey’s central bank has raised its key interest rate by an aggressive 7.5 percentage points, in a new sign of a return to more traditional economic policies

Business these days in Jackson Hole, Wyoming, is still good — just not as robust as it was after the U.S. economy roared out of the pandemic recession

Uber has raised the minimum age requirement for most new drivers in California to 25

The average long-term U.S. mortgage rate climbed further above 7% this week to its highest level since 2001, another blow to would-be homebuyers grappling with rising home prices and a stubbornly low supply of properties on the market

By Ali Kucukgocmen and Jonathan Spicer

Naturally, the loquacious Alan Joyce has a ready answer for every complaint about Qantas. That’s fortunate given there are so, so many of them – even from the most loyal of customers previously. The Australian Competition and Consumer Commission, for example, has identified Qantas as the most complained about company in Australia for the second year running.

Perpetual chief executive Rob Adams has moved to consolidate control of the enlarged investment manager as he unveiled a “refreshed strategy” following its acquisition of rival Pendal.

Global energy giant BP is optimistic it can export green hydrogen to Europe and Japan by the end of the decade from a repurposed, 70-year-old oil refinery south of Perth.

Sarbananda Sonowal, on Thursday said that in the Northeast, 20 National Waterways and various projects of more than Rs 800 crores are being implemented for development of these National Waterways in the region. He added attended the Memorandum of Understanding (MoU) signing ceremony between Inland Waterways Authority of India (IWAI) and Numaligarh Refinery Limited (NRL) to use National Waterways-2 (Brahmaputra) and Indo Bangladesh Protocol Route (IBPR) for export of petroleum products to Bangladesh and other south east Asian countries. The MoU is aimed at powering PM Gati Shakti National Master Plan to boost India’s Act East Policy. NRL will export around 10,000 MT of Petroleum & Petrochemical products per month from IWAI Jogighopa Multi Modal terminal.

By Howard Schneider

(Reuters) — T-Mobile US (NASDAQ:TMUS) plans to cut nearly 5,000 jobs, or about 7% of its workforce, in the United States, the telecom giant said on Thursday, as it grapples with higher customer acquisition costs.

By Savyata Mishra

Good morning,