COST Financial News

The corporate regulator is suing a former director of collapsed wealth firm Dixon Advisory for allegedly failing to properly consider the interests of creditors, including thousands of clients.

Efforts by the Biden administration have been helping create new factory jobs as part of a push to bring high-speed internet to the whole country

U.S. health officials are recommending that babies get a recently approved drug to protect them against a respiratory virus

U.S. gas prices are continuing to rise — giving drivers across the country another headache at the pump

Amazon on Thursday posted better-than-expected revenue and profits for the second quarter, sending its stock higher in after-hours trading

China is lifting a stifling 3-year-old tariff on Australian barley in a sign of an improving bilateral trade relationship since Australia’s government changed

Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia ended a deal allowing Ukraine ship grain and India restricted some rice exports

Missouri plans to spend $50 million on railroad crossing improvements in response to a 2022 fatal Amtrak derailment

A judge has ordered criminal charges dropped against the final executive accused of lying about problems building two nuclear reactors in South Carolina that were abandoned without generating a watt of power

NEW DELHI : Food Corp. of India (FCI) has recommended the finance ministry remove import duty on wheat till February 2024 till fresh arrivals start to maintain the country’s food security and arrest rising food prices, a government official said. This recommendation comes over a year after the government banned wheat exports due to brutal heat waves that damaged wheat crops, sparking concerns about wheat availability in the country.

Consumers may soon be able to access $14,000 or more of federal rebates for making energy-efficient upgrades to their home.

The large amount of new wealth in America’s private sector is causing the Fed a headache according to Ray Dalio.

MUMBAI : India’s largest lender State Bank of India (SBI) on Friday reported a net profit of ₹16,884 crore for the three months through June, more than double of last year, led by a surge in other income and lower provisions to cover bad loans. For the state-owned bank, the June quarter profit was its highest ever, beating the Bloomberg estimate of ₹15,032 crore. The substantial annual increase in other income was on a low base, a result of mark-to-market (MTM) loss in Q1 of FY23.

Major US-based crypto exchange Coinbase has reported a smaller loss in the second quarter this year compared to the same quarter last year, while its revenue exceeded analysts’ expectations.

PCs, along with Rs 17,000-crore IT hardware PLI, will create multi-billion dollar local production capacity and import dependency will nosedive in the next 2-3 years, industry players said on Friday. The government has made it mandatory for importers of laptops, tablets and certain types of computers to get a valid licence, with immediate effect for security reasons and to promote domestic manufacturing.

NEW DELHI : Domestic demand for smartphones continued to be tepid at best, as India saw a fourth straight quarter of annualized shipment declines. A 3 August report by market researcher International Data Corp (IDC) India said shipments of smartphones in India fell 3% year-on-year (y-o-y) to 34 million units shipped during the period—after registering 16%, 27% and 10% y-o-y shipment drops in the three quarters preceding June.

Delhi High Court has directed the city government to conduct a survey of all pending ration card applications to see if the applicants were entitled to receiving an allowance under the food security law.Delhi government counsel, in response to petitions seeking approval of applications for issuance of ration cards, said about three lakh people are in the waiting list to get a ration card. Justice Subramonium Prasad noted that under section 8 of the National Food Security Act, 2013, any person who is entitled to a ration card is also entitled to receive such food security allowance from the state government in terms of the rules and asked the authorities to assess if the petitioners had such entitlement. The food security law provides for monetary allowance to the beneficiaries who don't have a ration card. It is computed on the basis of a formula that takes into account the minimum support price of foodgrains in a particular market season. «It is well settled that if a person comes to a Court and gets a declaration of law in his favour, it is expected that the State shall extend the benefit to all similarly placed persons without them having to approach the Court,» the court said in a recent order.

VANCOUVER — Telus Corp. says it is cutting 6,000 jobs.

The US job market remained resilient in July with the unemployment rate dipping to 3.5%. Companies added 187,000 jobs last month - a slight dip from the 200,000 roles projected by economists. The developments came even as the Federal Reserves raised its benchmark interest for the 11th time since March 2022.

(Reuters) -Canada's Magna International (NYSE:MGA) on Friday raised its full-year profit and sales outlook after its quarterly results beat estimates on solid demand for parts, as automakers ramp up production.

Building an affordable network of electric vehicle charging stations, eTukTuk is leveraging the Binance Smart Chain (BSC) to offer staking rewards and create a payment system for TukTuk drivers. This how to buy eTukTuk guide provides a step-by-step breakdown on how to enter the $TUK presale.