Centre asks states and UTs to monitor trader stocks as tur prices rise

With tur (arhar) sowing down by almost 11.6 per cent this kharif season, the Centre on Friday asked states and Union Territories (UTs) to ensure that stockists and traders disclose quantities of tur dal held by them. The output was down owing to the late onset of monsoon in major-growing states … Read more

US stocks rise as investors weigh inflation outlook

US and European stocks rose on Friday as investors weighed early signs that inflation was steadying with concerns over the global economic outlook. The blue-chip S&P 500 gained 0.3 per cent at the open in New York and the technology-heavy Nasdaq moved up 0.5 per cent, recouping some of the falls of the previous session. … Read more

UK Insurer Aviva Posts 14% Rise in H1 Operating Profit

Aviva plans to return more cash to shareholders, the British insurer said as it posted a better-than-expected 14% rise in first-half operating profit, sending its shares to the top of the FTSE 100 gainers on Wednesday. Activist investor Cevian Capital, which holds 6% of Aviva’s shares and has called on it to boost payouts, declined … Read more

Florida Claims Litigation Dropped in July, but AOB Share Continues to Rise

New You can now listen to Insurance Journal articles! The volume of claims litigation in Florida rose in June then declined in July by almost the same amount. But the share of cases that are assignment-of-benefits claims rose to the highest level since early 2021, a litigation management software firm reported. For Florida’s 16 largest … Read more

Rise in power demand leads to 17% hike in coal supply in July

The supply of coal to electricity generating plants increased by 17.09 per cent to 58.45 million tonnes in July due to rise in power demand, the government data said. The government in the last few months has taken various measures to ensure adequate availability of coal for power stations. The total coal … Read more

Yields rise as investors focus on further rate hikes

Breadcrumb Trail Links PMN Business Author of the article: Article content NEW YORK — Benchmark U.S. Treasury yields hit a more than two-week high on Thursday as investors bet the U.S. Federal Reserve will press on hiking rates as inflation remains high, even though price pressures are showing signs of abating. Data on Thursday showed … Read more

BTL mortgage rates continue to rise ‘inexorably’: Property Master

Average buy-to-let (BTL) rates for some typical two-year fixed rate deals favoured by landlords have doubled since the start of the year, according to the latest data from Property Master. Property Master’s Mortgage Tracker, which follows 30 lenders, found that the average rate for a typical £160,000 BTL mortgage fixed for two years for a … Read more

Monthly mortgage repayments expected to rise 8% by end of year: Revolution Brokers

The average monthly cost of repaying a mortgage has climbed by 56% in the last decade, with a further 8% increase forecast by the end of the year, according to the latest data from Revolution Brokers.  Data found that based on the average UK house price of £278,071, minus a 15% deposit of £41,711, UK … Read more