FIVE Financial News

By Lisa Richwine and Danielle Broadway

As a team of police was searching Helen Rosamond’s terrace house in April 2018, they made an eye-popping discovery. Inside one of the Sydney businesswoman’s two safes was a million-dollar cheque. It was in a National Australia Bank envelope labelled “bank cheque Rosemary Rogers.”

Webb Space Telescope, an extraordinary observatory that has been in the hands of astronomers for a year now. To commemorate this occasion, NASA has released a spectacular new image of the Rho Ophiuchi cloud complex. Located just 400 light-years away, Rho Ophiuchi is the closest star-forming region to us.

It's not just multi-strategy hedge funds that are going all out on recruitment this year. Recruiters covering theprivate credit space say they too are awash with work, and that they're only likely to become more busy. 

Quadria Capital, Singapore's healthcare focused private equity firm, on Wednesday announced an investment of up to ₹1,300 crore in Maxivision Eye Hospital, one of India's leading private eye care chains. Quadria will make an initial investment of about ₹600 crore for a significant minority stake, and a further investment of up to ₹700 crore for additional stake, representing one of the largest investments in the eye care services space.

Canada’s big banks have started to increase their prime rate after the Bank of Canada raised its benchmark interest rate to five per cent.

New Delhi: Indian airlines face a potential capacity shortage during the peak December quarter travel season, as aircraft induction plans of major carriers are progressing at a sluggish pace, according to data from aircraft tracking site Flightradar24 . Since the suspension of low-cost carrier Go First, domestic airlines’ fleet size has risen by just 0.9% to around 680. Only three major scheduled carriers, including market leader IndiGo, Tata Group’s Air India and startup carrier Akasa Air have added airplanes to their fleet since May.

IMD) has issued a moderate flash flood risk forecast for Uttarakhand, sub-Himalayan West Bengal, Sikkim adjoining extreme northeast Bihar, northeast Assam, south Meghalaya and northeast Arunachal Pradesh. “Surface runoff or inundation may occur at some fully saturated soils and lowlying areas over areas of concern due to expected rainfall occurrence in next 24 hours,” it said on Wednesday.

(Reuters) — U.S. economic activity increased slightly in recent weeks, and expectations were for continued slow growth in coming months, a Federal Reserve report published on Wednesday showed.

Mega Millions drawing held on Tuesday night did not produce a jackpot winner. Consequently, another drawing has been scheduled for Friday at 11 p.m. ET. Mega Millions has estimated the jackpot to be an impressive $560 million for the upcoming drawing. This week, there are two substantial lottery prizes up for grabs, including the Mega Millions jackpot. In the June 23 midday drawing, a Pick 5 winner from Maryland credited another Pick 5 winner for her own $50,000 win. This highlights the impact of a simple switch in the numbers played, which turned her into a fortunate winner. However, with regards to Mega Millions, excitement is building as there hasn't been a winner since April 18. The numbers for the latest drawing were revealed shortly after 11 p.m. ET, and you can find the results below. In the event of a winner in tonight's drawing who opts for the cash option, they would receive a substantial sum of over $251 million, as stated by the lottery. While the odds are extremely slim, if someone manages to win both jackpots, they would amass an incredible $1.174 billion.

Sony, Stage 6 Films, and Blumhouse, emerged as the top-grossing film over the weekend, surpassing Indiana Jones and the Dial of Destiny. However, on Monday, the independent film Sound of Freedom, created by Angel Studios, claimed victory with an estimated $4 million in box office earnings. On Monday, Insidious: The Red Door secured the second spot, earning $3.5 million across 3,188 theatres, bringing its total revenue to $36.5 million.

Time is money, and Shopify Inc. wants its workers to understand that maxim applies to pointless meetings, too.

The Bank of Canada raised it benchmark lending rate 25 basis points to five per cent on July 12, adopting what economists called a “hawkish tone” and reminding Canadians that bringing inflation back to the two per cent target remains its priority.

The Bank of Canada raised the key overnight interest rate by another 25 basis points to five per cent — its highest level since 2001 — as governor Tiff Macklem suggested residual pandemic savings have delayed the impact of efforts to rein in inflation.

Money-market funds are getting their biggest rules overhaul in years after Wall Street’s top regulator finalized rules to stem rapid outflows during times of financial stress.

Uzbekistan marches towards a steady democracy, economic stability with President Shavkat Mirziyoyev

BJP has offered him a Rajya Sabha ticket after a meeting with Union MoS for Home Nisith Pramanik. «I am happy that they have chosen me. I will try to serve the people of the state and my region,» Ananta Rai told reporters after the news broke of his nomination by the BJP through a party notification from Delhi Wednesday morning.

₹37 crore on August 14 to recover money illegally collected from investors. All the  22 properties—17 properties related to Bishal Group (Bishal Abasan India Ltd, Bishal Distillers Ld, Bishal Agri-Bio Industries Ltd, Bishal Horticulture and Animal Projects Ltd) and five properties belonging to NVD Solar— will be e-auctioned on "as is where is and whatever there is" basis.

The failed ‘mutiny’ by the private military Wagner Group in Russia has generated a debate on the rise of private armies in modern warfare. Tony Barber in Financial Times pointed to a mercenary tradition in Russia that dates back to at least the times of Leo Tolstoy. But the practice was widespread.

People aboard the ill-fated Titan submersible may have known about their fate a good minute before their vessel imploded in the depths of the North Atlantic Ocean last month. US and Canadian authorities continue to investigate the cause of the horrifying incident that killed five people in mid-June.  According to Spanish engineer and underwater expert José Luis Martín, the submersible occupants are likely to have known about their impending fate for 48 and 71 seconds before the vessel's collapse. “The Titan changes position and falls like an arrow vertically because the 400 kilos of passengers that were at the porthole unbalance the submersible.

By Diane Bartz and Frank Pingue