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ET Intelligence Group: Wooden panel and laminate companies reported sluggish volume growth and margin contraction during the June 2023 quarter following slower home improvement demand and higher timber prices. Leading plywood companies are however optimistic about the demand scenario in the coming quarters amid abating input costs.

Bank of Montreal reported record revenue in its Canadian banking businesses during its fiscal third quarter, but the gains were offset by rising expenses and greater provisions for credit losses that pushed adjusted earnings lower.

Diabetes drug and blood thinner Eliquis among first 10 targeted for price negotiations in effort to cut Medicare costs

(Reuters) — Jif peanut butter maker J.M. Smucker on Tuesday raised its annual profit forecast on higher prices of its jams, jellies and pet food products as well as moderating costs of packaging and raw materials.

President Joe Biden’s administration is set to announce the first prescription drugs being targeted by the U.S. government for price negotiations as part of an effort to lower Medicare costs

Soaring technology costs of 20 per cent in the past year are making it harder for Australia to roll out projects to reach its 2030 climate targets on the pathway to net zero by 2050.

It is easy to gain weight but difficult to shed the extra kilos, say fitness experts. Weight gain brings with it a host of lifestyle-related diseases, including diabetes and hypertension. Obesity is also associated with arthritis and even heart diseases. Losing weight the right way, say experts, is the only solution to such problems. And that means regular exercise in some form or the other—walking, running, yoga, swimming, cycling, aerobics and workouts at the gym help cut the flab and keep you fit. And, there is dieting as well.

This article is part of Global News’ Home School series, which gives Canadians the basics they need to know about the housing market that they never learned in school.Saving up for a downpayment and locking down the terms of a mortgage worth hundreds of thousands of dollars generally makes buying a home the biggest financial transactions of many Canadians’ lives.But less publicized are the associated closing costs that crop up before you get the keys.While these fees and taxes can be an afterthought, they can comprise thousands of dollars of extra costs. The good news for first-time buyers is that there are a few ways to get some of that money back.Global News spoke to legal experts in Canadian real estate to get a sense of what funds first-time buyers should be setting aside for closing costs as they near a purchase, and what details often get overlooked in the process of sealing the deal.“For a lot of the folks that we deal with, this is probably the largest transaction that they’re dealing with in their life,” says Dharam Dhillon, a B.C.

More than 98 per cent of India’s senior citizen population remains devoid of health insurance coverage amid the increasing cost of healthcare services, according to a recent survey by leading insurtech platform Plum. The need for comprehensive health coverage for senior citizens has become more apparent, however, the penetration continues to be a challenge. According to census reports, India has 1,380 lakh elderly citizens and is further expected to increase by around 560 lakh by 2031.

A Trans Mountain company report reveals new details about what triggered massive cost overruns within its pipeline expansion project, including problems it says were caused by an abandoned landfill site.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Moody's Investors Service said. Earnings before interest, taxes, depreciation and amortisation (EBITDA) of Indian companies rated by Moody's will grow 5%-10% over the next two years as prices of key raw materials like crude oil and coking coal retreat from 2022-highs, it said in a note dated Thursday. State-owned oil marketing companies — Indian Oil Corp, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd — will be the major beneficiaries of slide in crude prices. However, it will also hurt the earnings of upstream oil companies like Oil and Natural Gas Corp and Oil India as their revenues will take a hit, Moody's said. Moody's said JSW Steel will benefit the most from declining coking coal prices as its operating costs will reduce, while Tata Steel is likely to see limited gains due to lower profitability in its Europe business. Oil-to-telecom conglomerate Reliance Industries and top cement maker Ultratech Cement are also tipped to see strong earnings growth over the next two years, it added. Moody's said capital spending will remain high at nearly 4 trillion rupees, with Reliance, ONGC, IOC, telecom firms and steelmakers incurring the bulk of the expenditure, but it is unlikely to drag earnings. «Expected earnings growth combined with prudent balance sheet management over the last 12-18 months will buffer the impact of high capital spending.» India's young population, steady demand and rising spending power would keep domestic consumption «robust» at least till the end of the year, while sustained government infra spending will support business activity in key industrial sectors, Moody's added.

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.

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

By Savyata Mishra

In the rapidly-transforming business arena, emerging ventures continuously search for strategies to reduce expenditure while enhancing operational efficacy. One pioneering innovation significantly contributing to these objectives is the emergence of bespoke, adaptable co-working spaces. These shared work environments have become a significant asset for startups, presenting custom-made, flexible solutions that considerably reduce financial burdens.

Peloton managed to beat sales expectations during its fiscal fourth quarter, but the exercise equipment maker reported a bigger loss than anticipated partly due to recall costs and a shift in consumer spending

If the world ever stood a chance at landing on and... moreIf the world ever stood a chance at landing on and exploring Moon’s south pole, it is now.

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

Charles Schwab plans to cut jobs and close or downsize some corporate offices as part of company efforts to reduce operating costs, the financial services firm said in a Monday regulatory filing

NEW DELHI : India’s oil import bill declined 35.3% during the first four months of FY24 due to easing crude oil prices over the past year. Refiners imported 79.4 million metric tonnes of crude oil for $41.6 billion during April-July, compared to 81.3 MMT for $64.3 billion in the same period of last fiscal, according to the Petroleum Planning & Analysis Cell (PPAC). This fall in import expense for the refineries and oil marketing companies (OMC) comes in the backdrop of around 30% fall in international crude oil prices.