COST Financial News

23.08 / 05:41

COST UPS Citi country social Why it's so hard for China to fix its real estate crisis

China would make it easier to get home mortgages. It was February 2016 and Zhou Xiaochuan, the central bank's longtime governor at the time, announced what proved to be the start of an extraordinary blitz of lending by China's immense banking system. Minimum down payments for buying apartments were reduced, triggering a surge in construction. Vast sums were also lent to local governments, allowing them to splurge on new roads and rail lines.

23.08 / 05:29

COST UPS Lowe's CEO Mobile Software Indian generative AI Health care, generative AI among major bets, in talks with Indian telcos for OpenRAN: Rakuten India CEO

Rakuten, the Japanese technology conglomerate has been scaling up its presence in India with bets across fintech, content streaming, analytics, healthcare and telecom, CEO Sunil Gopinath says, in a freewheeling chat with ET’s Subhrojit Mallick.How has your business in India scaled up over time? We started off primarily building a technology business from here that will support or cater to Rakuten’s businesses globally. We started with 100 employees and have scaled to 2000 now. First, we started with 24/7 support, then we did ecommerce, then we did ID management, which is similar to Aadhaar.

23.08 / 05:29

COST Platform Returns You can pay 10% tax on returns from this debt investment vs 30% on debt mutual funds, bank FDs

taxation of debt mutual funds has changed from FY 2023-24. According to the amended income tax laws, investment made in specified debt mutual funds on or after April 1, 2023, would be taxed at income tax slabs applicable to your income at the time of redemption. For investments made till March 31, 2023, the redemptions from such specified mutual funds will be taxed as per the holding period of the mutual fund schemes.

23.08 / 05:19

Blockchain COST Provident Digital Cooper Platform $3b a year: eAUD cost savings for banks revealed

The Reserve Bank’s market trials of an eAUD – as its proposed central bank digital currency is known – rightly focused on applications that could deliver the biggest efficiency gains to the Australian economy.

23.08 / 04:57

COST BLOCK Waters Racing Remark Microchip Pride A failed lunar mission dents Russian pride and reflects deeper problems with Moscow's space industry

An ambitious but failed attempt by Russia to return to the moon after nearly half a century has exposed the massive challenges faced by Moscow’s once-proud space program

23.08 / 04:43

COST Digital Platform Gap RPG country Unemployment Indian India's unemployment crisis: Harsh Goenka highlights how shortage of skilled workers threatening Indian job market

unemployment rate, RPG Group Chairman Harsh Goenka has highlighted another key issue that is affecting his business. He believes that while people are complaining about unemployment, his company is facing a shortage of 'skilled' workers. According to Goenka's post on the X platform (formerly known as Twitter), "We want construction workers- we can’t find enough! We want truck drivers- huge shortage! We want plantation workers- they are not available! Can’t understand solution".

23.08 / 04:37

COST UPS Provident UBS country NOT Lottery Corp says offshore lotteries not hurting business, yet

The Lottery Corporation chief executive Sue van der Merwe said the aggressive marketing of offshore lotteries has not had a financial impact on the $11.5 billion giant, but claimed the advertising push was concerning newsagencies that a cut from local competitions.

23.08 / 04:37

COST UPS Provident Lowe's FIVE Worley looks to automation after profit drops 78pc

Global engineering group Worley plans to use automation and digitisation to boost profit margins after losses on the sale of a North American business caused annual net profit to slide 78 per cent to $37 million.

23.08 / 04:03

COST Aware country Chandrayaan-3: Uttar Pradesh Madrasas to live telecast landing on the Moon

Also read: Chandrayaan 3: What is India's mission to moon? Why is it important? Ansari emphasised the importance of not only focusing on education but also promoting scientific advancement. He stated that it is important that students and teachers in Madrasas are made aware of India's unforgettable achievement. The Madrasas in Uttar Pradesh are making significant strides in development under the guidance of the Chief Minister.

23.08 / 03:57

COST UPS CEO Strategy Domino’s CEO says inflation-fighting strategy backfired

Domino’s chief executive Don Meij has promised that menu item prices won’t be lifted this year as the pizza chain tries to reposition as the best value operator in fast food amid intense cost-of-living pressures for households.

23.08 / 03:57

COST UPS Provident FIVE Fighting Inside Deal Inside Andrews’ $380m compo deal for the Games

Commonwealth Games officials initially sought a “multibillion-dollar” payout from Victoria’s Andrews government for its cancellation of the 2026 event, and independent mediators were crucial in containing it to a$380 million deal that went down to the wire.

23.08 / 02:15

COST UPS CEO Metro show Food spurs Woolies growth but toasters off the menu as Big W weakens

Woolworths Group boss Brad Banducci expects food prices to continue to come down this year, but says consumers are noticeably pulling back spending at its discount chain Big W where shoppers are shunning bigger items such as small appliances.

23.08 / 02:15

COST UPS Provident SUN social energy transition licence Scale, social licence and sustainability – powering Australia’s energy transition

Australia, while rich in fossil fuels, is equally gifted with the resources to make it a renewable energy powerhouse. Whether it can make this transition will be a matter, not only of political will, but of tough business choices.

23.08 / 01:17

Blockchain COST UPS Citi Provident Mobile performer What is Helium Mining?

Helium mining is the process of providing wireless coverage for the Helium Network, a decentralized network designed to support Internet of Things (IoT) devices. Participants, known as helium miners, deploy helium mining hotspots to contribute to the network's coverage and are rewarded with tokens. Helium is «a global, distributed network of Hotspots that create public, long-range wireless coverage for LoRaWAN-enabled IoT devices and cellular devices».

22.08 / 23:39

COST Provident Target Entertainment Telstra country Private asset titan Apollo is coming for Australia’s super riches

Australia’s superannuation sector is not prepared for the nearing demographic cliff when the bulk of members’ capital shifts to drawing-down income, one of the world’s largest private capital managers warns.

22.08 / 23:39

COST UPS FIVE CEO Align performer boost Rugby Australia to oversee Super Rugby clubs in bid to boost game

Rugby Australia will gain control over key management, coaching and talent decisions at the country’s five Super Rugby clubs in a major restructure designed to dramatically improve performance and unify the sport.

22.08 / 23:39

COST Provident Strategy Enterprise audience social expansion businesses Australian Is growth and expansion on the cards for Australian businesses?

If the last few years have taught us anything, it’s that businesses must constantly adapt and evolve in order to keep ahead of the competition. While the broader macro environment has led many businesses to shift their focus from raw growth to profitability, that doesn’t mean they can stop focusing on customer growth altogether.

22.08 / 21:45

COST Digital Williams CEO Platform cover Altruist vs. Altruist: An RIA claims digital custodian violates his trademark

Through successful fundraising, acquisitions and a marketing campaign to lure financial advisors put off by the pending Charles Schwab-TD Ameritrade mega-merger, Altruist has established itself as a significant player on the asset custody market with ambitions to grow even larger.

22.08 / 21:45

COST Provident Target SEC Fox audience Gold IRA, rare coin sellers find a home with inexperienced investors

Investors in their golden years have increasingly been targeted by precious metal and collectible coin providers — a trend that state regulators, lawyers and financial advisors say needs to stop.

22.08 / 21:45

COST Citi Provident Action Matthews awards Arbitrators order Morgan Stanley to pay senior investor $1.8M

Finra arbitrators ordered Morgan Stanley to pay a senior investor $1.8 million for weighting too much of her portfolio in a single stock — WisdomTree Investments Inc.

22.08 / 20:41

COST UPS Southern CAL Costs Conference realignment will mean longer trips and greater costs for traveling college football fans

College sports realignment will bring big challenges to fans who travel to see their teams on the road

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