Show Financial News

Blood products giant CSL has lifted full year underlying profit 10 per cent to $US2.61 billion ($4 billion) after a surge in sales of its core immunoglobulin division led by blockbuster therapies Privigen and Hizentra.

UBS Group said it agreed to pay $1.44 billion to settle a case with the Department of Justice regarding how it handled residential mortgage-backed securities. 

New Delhi: The union ministry of finance has increased the windfall tax on sale of locally produced crude oil to ₹7,100 per tonne. For the past two weeks, the windfall tax on domestically produced crude oil was ₹4,250 per tonne. The increase would come into effect from 15 August.

MiG-23 jet crashed at a Michigan air show, with its pilot and passenger ejecting just in time before the crash. The incident happened during the Thunder Over Michigan air show in Belleville, Michigan. The MiG-23 jet was being operated by two occupants, and they both used parachutes to safely land on the ground. They were taken to the hospital as a precaution, but no injuries were reported. The crash occurred at around 4:00 PM ET on Sunday at the Yankee Air Museum's air show. The Soviet-era jet crashed into unoccupied vehicles in a parking lot at the Waverly on the Lake Apartments. Fortunately, it narrowly missed hitting an apartment building. The plane caught fire upon impact, and emergency crews arrived to put out the flames. Black smoke billowed into the sky. Video footage captured the ejection of the pilot and passenger just before the crash. The cause of the crash is currently under investigation by the Federal Aviation Administration (FAA). The MiG-23 jet was piloted by Dan Filer, a retired Navy pilot from Texas. Filer, who is known for collecting Soviet-made fighter jets, had been flying the only privately owned flying MiG-23 in the world. The MiG-23 was a prominent Soviet war plane during the Cold War, recognized for its advanced radar and fire control system that allowed it to launch missiles at targets beyond visual range, according to the National Museum of the United States Air Force.

By David Randall

By David Randall and Saqib Iqbal Ahmed

Warren Buffett's Berkshire Hathaway (NYSE:BRKa) made a few interesting moves in the second quarter, according to the firm's 13F with the SEC after the close of trading Monday. The most interesting trade was adding new positions in three homebuilders.

Australia’s richest person Gina Rinehart engaged in a “calculated and deliberate fraud” of her own children by transferring away from them the rights to valuable mining tenements in the 1990s, their lawyers claim.

A website owned by serial fund promoter James Mawhinney that says it helps Australians spot scams has been pitching an investment of its own to users – touting returns of between 10 and 15 per cent to potential financiers.

covid pandemic, when India’s overall investment in fixed assets saw a decline, indicating a heightened focus on innovation within boardrooms, official data showed. Data up to FY22 from the statistics ministry showed that while fixed investments or gross fixed capital formation (GFCF) contracted 7.3% in FY21 due to the economic impact of the nationwide lockdown to contain the spread of covid-19, investments into intellectual property products, a component of GFCF, remained in positive territory.

Tesla cut prices again in China, sending auto stocks tumbling on concerns the move will rekindle an international price war that had shown signs of abating.

Foo Fighters concert in San Francisco. During the show, Foo Fighters frontman Dave Grohl initiated a playful act by questioning the audience's familiarity with Bublé's 2009 hit, «Haven't Met You Yet,» while introducing drummer Josh Freese. Freese, who has played alongside both Bublé and Foo Fighters, joined the band after their drummer Taylor Hawkins' passing. Grohl addressed the audience's claims of knowing the Bublé song, stating that many had volunteered but didn't actually know it. He asked, «Who knows the song?» In an unexpected twist, Bublé himself emerged in the crowd, holding a sign that read, «I [heart] Bublé.» Amidst cheers, Grohl acknowledged Bublé's presence, humorously remarking, «We've got a superfan. He better know the song.» Bublé confidently took the microphone and, with Freese on drums, began singing the song. Grohl playfully complimented Bublé, saying, «OK, this guy's pretty good. This guy's pretty good.» Together, they completed the song before Grohl formally introduced Bublé and recounted his journey to the stage. Grohl praised Bublé's dedication, revealing that the Canadian singer had flown all the way from Argentina that day to perform the song. Grohl's comment on taking a joke to an extreme highlighted Bublé's commitment to the light-hearted prank. In this unexpected cameo, Michael Bublé blended his talent with Foo Fighters' performance, showcasing a seamless collaboration between two well-known artists. The surprise appearance delighted the audience, adding a memorable moment to the concert experience.

Netflix regularly updates its platform with new offerings every week. Let us know what's coming to Netflix this week, from August 14 to 20. The line-up includes series like Ancient Aliens, Ballers, and fresh originals. The following shows will be removed this week: The Game (Early Seasons), Winx Club, Seventh Son, Les Misérables and Bleach (Netflix's own movie).

Supreme Court Monday underlined the need to «strengthen» the self-regulation mechanism of television channels. A bench headed by Chief Justice of India (CJI) D Y Chandrachud verbally observed that the «self-regulatory» framework of television channels needs to be made «effective». The bench said that it would issue guidelines in this regard so that television channels comply with the regulations.

Investing.com — The oil rally is beginning to feel heavy.

(Reuters) — California's Independent System Operator (ISO) warned of high temperatures and increased electricity usage during the coming week as the grid operator prepares for tight conditions works to ensure adequate supply.

By Carolina Mandl

By Jonathan Stempel

World Cup on the horizon, coach Rahul Dravid said after his team lost their Twenty20 series against the West Indies 3-2 in Florida on Sunday. A young Indian side missing several big names battled back from 0-2 down in the five-match series but crashed to an eight-wicket defeat at Lauderhill, with opener Brandon King helping West Indies chase down the victory target with an unbeaten 85.Suryakumar Yadav hit 61 off 45 balls but had little support from the middle and lower order as India posted a modest 165-9 in 20 overs. The West Indies finished 171-2 from 18 overs with Nicholas Pooran (47) supporting King.

Financial Awareness Day, observed annually on Aug. 14, promotes financial literacy and encourages individuals to take steps to improve their financial well-being.

HDFC Bank has pushed credit offtake by an incremental 500 basis points to 19.7 per cent for the fortnight to July 28, excluding which the system-wide lending growth was only 14.7 per cent on-year, according to a report. The largest pure-play mortgage lender HDFC merged with its own banking subsidiary on July 1 in a record USD 40 billion all stocks merger, creating a banking behemoth with a balance sheet of over Rs 23 lakh crore. Credit offtake continued to show robust growth, increasing by 19.7 per cent on-year to reach Rs 148 lakh crore for the fortnight to July 28.