COST Financial News

Lyon owner John Textor has attacked a decision by French football’s financial watchdog to monitor the club’s transfer activities this season

Americans increased their spending last month as inflation eased in many areas, and the job market remained remarkably strong

Bank of America said its profits grew 19% last quarter, the latest of the big banks to see its bottom line boosted by higher interest rates

Solidarity and stamina are themes on picket lines in New York and Los Angeles as striking actors and writers are bracing for a long standoff with studios

The 9th U.S. Circuit Court of Appeals has denied the latest bid by conservationists and tribal leaders to block construction of a huge lithium mine already in the works along the Nevada-Oregon line

For millions in the U.K., the cost-of-living crisis just never seems to ease

The president of the Paris Olympic organizing committee says the operating budget for the 2024 Games is “under control.”

AMC has revealed that 40,000 of its movie club members have already secured tickets to experience both «Barbie» and «Oppenheimer» on the same day. The inception of the «Barbenheimer» meme occurred early last year when Warner Bros. announced that «Barbie» would coincide with Universal Pictures' release of «Oppenheimer.» Twitter users swiftly seized on the contrasting themes of the two movies, generating humorous quips about their lighthearted versus dark nature and engaging in a tongue-in-cheek battle for America's essence. Remarkably, this internet inside joke has transcended the virtual realm and become a real-life sensation in recent weeks. Online marketplaces like Etsy and Redbubble have been inundated with hundreds of handmade 'Barbenheimer' T-shirts. Social media platforms witness a constant stream of fan-made posters, receiving hundreds of thousands of «likes» for their captivating mashups. Opening-day screenings for both films have already sold out at major theater chains like AMC and Alamo Drafthouse, while independent cinemas across the country are embracing the trend by offering movie-inspired menus and hosting «Barbenheimer» costume parties.

IMF) Tuesday cautioned that inflation could remain higher for longer, requiring even more monetary policy tightening, as it pitched for strengthening global safety nets to protect the vulnerable sections of the population. IMF chief Kristalina Georgieva, in her observations at the G20 finance ministers and central bank governors meeting, called upon the membership to restore the primacy of multilateral lender's quota resources by successfully completing the 16th quota review by the end of this year.

The rise in consumer prices cooled to 2.8 per cent in June, Statistics Canada reported on July 18, slightly below consensus expectations and the slowest pace since March 2021. While within the Bank of Canada’s target range, some costs are still putting a strain on Canadians’ wallets. Here are five things in the inflation data that you should know about:

The rise in consumer prices decelerated again in June, but costs for shelter and food are still putting a strain on Canadians’ wallets, evidence that bringing inflation down to target remains a tricky balancing act for the Bank of Canada.

By Andrea Shalal

MUMBAI : Billionaire Gautam Adani emphasized his group’s commitment to improving governance standards during Adani Enterprises Ltd’s (AEL’s) first shareholder meeting after allegations of stock manipulation and accounting fraud made by US-based short-seller Hindenburg Research earlier this year. “It is my commitment that we will continue to strive to keep improving these (governance standards) every single day," he told shareholders at AEL’s 31st annual general meeting (AGM) while sounding upbeat about the conglomerate’s growth prospects amid India’s ambitious infrastructure spending plan and economic resilience.

New Delhi: The Indian crude oil basket which was largely subdued in May and June has witnessed over 4% increase in its average price in July amid global supply concerns. The average Indian crude basket for July stands at $78.22 per barrel, compared to $74.93 a barrel in June. In May, it averaged at $74.98 a barrel as prices eased amid growing concerns of a global slowdown.

MUMBAI : IndusInd Bank clarified on Tuesday that it has no plan to raise additional capital, despite its promoter, the Hinduja group, seeking to raise its stake in the bank.With a total capital adequacy of 18%, the bank believes it is well-capitalized and will not look at raising fresh capital unless the core equity capital falls below 14%. Currently, the common equity tier 1 capital (CET1) or a bank’s core capital stands at 16.44%.

MUMBAI : Although growth in mutual fund (MF) investments has outpaced bank deposits, the asset managers have quite a bit of catching up to do as banks still maintain a considerable lead in attracting incremental funds. Banks got deposits worth ₹225 for every ₹100 going into MF schemes in the June quarter, according to an analysis of data from the Reserve Bank of India (RBI) and the Association of Mutual Funds in India (Amfi).

Medecins Sans Frontieres (MSF) has once again urged Johnson & Johnson (J&J) to not enforce any 'secondary' patents for its tuberculosis drug bedaquiline in any country with a high burden of TB, and withdraw all pending secondary patent applications for it. The US pharmaceutical giant's 20-year primary patent on drug-resistant TB medicine bedaquiline expires in a majority of countries this month, including India. Paris-founded MSF has also called for a commitment from J&J to not take any legal action against any generic drug manufacturer that exports versions of bedaquiline to or from TB high-burden countries where secondary patents on the drug exist.

By Lucia Mutikani

WASHINGTON (Reuters) -Big U.S. banks on Tuesday said higher interest rates had helped boost profits in the second quarter, causing shares to spike, but a pullback in consumer spending, slower loan growth and increased deposit costs may cloud the outlook for the sector.

₹10.65 crore per hotel and ₹1.8 crore every year as annual licensing fees. Approximately 153,000 sq.ft. of development can be done on each parcel of 2.13 acres.

It’s now been over a decade that I’ve been waiting for a data protection law. Over that time, I have on numerous occasions (and with misplaced enthusiasm) assured colleagues around the world that a law was imminent. Each time, I’ve had to sheepishly eat my words when the then current draft was either re-written or withdrawn—to the point where this has become a standing joke in the international round-tables and conferences that I attend.