Provident Financial News

GrainCorp has unveiled a $50 million share buyback and declared a special dividend in a sign of confidence the business can withstand adverse weather conditions expected to affect Australian farmers.

A court has found Qantas acted illegally when it stood aside a health and safety representative who raised concern over cleaning planes that had returned from China at the start of the pandemic, in a decision the NSW government said would have big ramifications for employers.

Oil and gas explorer Karoon Energy and insurance broker roll-up Steadfast Group both pressed play on equity capital markets trips on Thursday morning, after preparations for both deals were revealed by Street Talk.

The Federal Communications Commission is implementing new rules banning internet providers from discrimination in how they provide service to communities based on income level, race and other protected classes

The Ramova has been closed for nearly four decades. Now it has new co-owners.

TCS: Tata Consultancy Services (TCS) fixed the record date for its ₹17,000 crore share buyback plan on 25 November, the company said in its stock exchange filing on Wednesday. The IT major, on October 11, had announced to buyback up to 4,09,63,855 fully paid-up equity shares of face value of ₹1 each at ₹4,150 per equity share for an amount equivalent to ₹17,000 crore.

personal guarantees given by promoters of companies raising bank loans, said people at advisory firms. The move is aimed at preventing them from transferring these personal assets to a special trust, which may be bankruptcy remote. This move by banks follows the recent landmark Supreme Court order that upheld the constitutional validity of recovery provisions against personal guarantors under the Insolvency and Bankruptcy Code (IBC).

S Jaishankar on Wednesday said that India is not ruling out an investigation but asked Canada to provide evidence in support of its allegations about the involvement of agents of the Indian government in the killing of a Khalistani separatist in that country. Jaishankar made the comments in response to questions during a conversation with veteran journalist Lionel Barber.

PayU is in the process of setting up business-to-business payment rails for its Indian clients. Additionally, the company is evaluating opportunities in the supply chain financing space. “B2B payments is something that we are thinking very hard about … the idea is to expand into vendor payments and (look at) the different ways in which we can manage the suppliers of these anchor merchants, solve their reconciliation problems,” said Vijay Agicha, PayU’s global head of strategy, mergers and acquisitions, and investment.

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London | Macquarie has made its first foray into the green aviation fuel sector, tipping €175 million ($290 million) into Netherlands-based SkyNRG to help it build production facilities in Europe and the US.

By Suzanne McGee

Central-Asia Country Kazakhstan has officially launched the digital tenge project, a central bank digital currency (CBDC) designed to simplify payments and drive economic growth.

emergency alert system were sent out to personal devices across the country Wednesday.The national public alerting system, called Alert Ready, aims to ensure Canadians know when to take action for safety in case of an emergency.“Alert Ready delivers critical and potentially life-saving alerts to Canadians through television, radio and LTE-connected and compatible wireless devices,” the system’s website says.The system allows government agencies to warn the public about events that are considered life-threatening, such as natural disasters, wildfires, explosives, air quality, national security and more.Natural disasters is currently the category with the most alert types, including tornadoes, flash floods, hurricanes and landslides.Alerts were sent to Canadians on Wednesday at varying times across the country, depending on region. There were no tests in Alberta or Northwest Territories.In July, an emergency alert warning people to stay home during flooding in Nova Scotia took close to two hours to send, say firefighters who responded to the disaster as bridges fell and roads crumbled.Joanna Eyquem, managing director of climate-resilient infrastructure at University of Waterloo’s Intact Centre, who specializes in climate adaptation, said a two-hour timeframe appears to be too long during a major flooding emergency.During tests, Canadians can expect to hear a testing sound which will simulate an emergency alert, known as the Canadian Alert Attention Signal.The tone prompts a message that will indicate that it is a test.

Palo Alto Networks (NASDAQ:PANW) shares fell 8% after-hours Wednesday after posting solid first quarter results but issuing second quarter and full year billing guidance below estimates.

InvestmentNews’ inaugural 5-Star Fund Providers and 5-Star Research Platforms is now open.

CFX Labs has raised $9.5 million in seed investments to expand its Solana-based stablecoin payment and remittances network.

“We are excited to welcome Bitvo’s clients to the WonderFi ecosystem,” said WonderFi President and Chief Executive Officer, Dean Skurka. “The acquisition of Bitvo’s clients represents a non-dilutive acquisition for WonderFi, with immediate cash flow, increased scale, and an expected payback period of less than six months.”

Leading German bank Commerzbank has received a crypto custody license from government regulators.

In February 2023, we wrote this article. The article walks through Michael Kantrowitz’s HOPE model. HOPE, or Housing, New Orders (ISM), Corporate Profits, and Employment, provides a handy acronym to track parts of the economy that are interest rate sensitive and tend to be leading recession indicators.

Coin98, a multichain wallet and decentralized finance (DeFi) platform, has unveiled a decentralized application (dapp) store powered by the NEAR Blockchain Operating System (B.O.S), marking a pivotal move towards providing streamlined access to prominent Layer-2 (L2) ecosystems. This development was disclosed on November 2, 2023, in a press release by the NEAR Foundation.