Latest news with #shed
Mint
2 days ago
- Business
- Mint
Australia shares dragged by miners, banks; investors await inflation data
July 29 (Reuters) - Australian shares slid on Tuesday as miners and financial stocks weighed on the benchmark, while investors await the local inflation data due on Wednesday. The S&P/ASX 200 index dropped 0.3% to 8,672.8 points by 0040 GMT. It had closed 0.4% higher on Monday. The domestic quarterly inflation report is likely to provide guidance to investors on whether the Reserve Bank of Australia would tilt towards a rate cut at its meeting next month. The last rate cut was in May, when the central bank lowered it by 25 basis points to 3.85%. On the Sydney bourse, investors tread cautiously with heavyweight financials spearheading a dip in equities. The sub-index fell about 0.7% to record its steepest intraday percentage fall in a week. The country's "big four" banks were down between 0.8% and 1.1%. Miners slipped as much as 0.9% to their lowest level since July 21, and were set for their fourth straight session of losses as iron ore prices tumbled. Minerals producer Liontown Resources shed over 1% after reporting a sequential drop in its quarterly revenue. Gold stocks piled on the losses, falling about 1.4% to hit their lowest level since July 9, as bullion prices took a hit following the U.S.-European Union trade accord that lifted the dollar and risk sentiment. Bucking the trend, however, were energy stocks that rose 0.6% as oil prices extended gains, lifted by hopes of improved economic activity after the U.S.-EU deal. Woodside Energy rose 1.3% to hit its highest level since June. Separately, the company said it will take over operatorship of the Bass Strait oil and gas assets from ExxonMobil, unlocking an estimated $60 million in synergies. New Zealand's benchmark S&P/NZX 50 index fell 0.2% to 12,882.22 points. (Reporting by Adwitiya Srivastava in Bengaluru; Editing by Harikrishnan Nair)
Time of India
3 days ago
- Time of India
Uttar Pradesh: Stampede-like scare at Barabanki temple during Jalabhisheka; Several injured
A stampede-like situation broke out at the Ausaneshwar temple in Barabanki, Uttar Pradesh, during Jalabhisheka on Monday, leaving several devotees injured. According to District Magistrate Shashank Tripathi, the chaos began when a monkey jumped onto an electric wire, causing it to fall on a shed. This led to an electric current running through the structure where devotees had gathered to offer prayers. Explore courses from Top Institutes in Please select course: Select a Course Category Finance Others Digital Marketing Healthcare Operations Management Leadership MCA Artificial Intelligence healthcare Management Data Science Project Management PGDM Product Management Design Thinking CXO Public Policy Data Science Data Analytics Cybersecurity MBA Degree others Technology Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details — PTI_News (@PTI_News) by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Libas Purple Days Sale Libas Undo "Medical treatment of the injured is underway. Around 19 people were hurt, and two of them are in serious condition," Tripathi said. Uttar Pradesh Chief Minister Yogi Adityanath took cognisance of the incident and expressed condolences to the bereaved families. Live Events He directed officials to immediately reach the spot and speed up the relief work. The Chief Minister also instructed that the injured receive proper medical treatment, the Chief Minister's Office (CMO) confirmed.
Yahoo
6 days ago
- Automotive
- Yahoo
Six injured in crash between car and tipper truck
A person is in hospital with potentially life-changing injuries after a crash between a car and a tipper truck, police have said. The crash happened between Bristol and Bath on the A420 Tog Hill crossroads with Freezinghill Lane and Gorse Lane at about 11:00 BST, said police. Four other occupants of the car and the driver of the truck were also injured, though not as seriously, said officers. The A420 was shut between the junction with Bath Road at Wick and the A46 Cold Ashton roundabout. Freezinghill Lane was also closed between Bath Road and the A420, and Gorse Lane was closed between the A420 and the A46, said police. More news stories for Bristol Watch the latest Points West Listen to the latest news for Bristol Avon and Somerset Police said the crash involved a blue Volvo XC90 with five occupants and a red Scania tipper truck, which overturned and shed its load. All of the occupants of the car were understood to be adults and their immediate next of kin had been made aware, a police spokesperson said. The force said specialist recovery would be needed for the lorry. Anyone with footage that could help the investigation was asked to call 101. Follow BBC Bristol on Facebook, X and Instagram. Send your story ideas to us on email or via WhatsApp on 0800 313 4630. Related internet links Avon & Somerset Police
Mint
6 days ago
- Business
- Mint
UnitedHealth stock plunges over 4% after disclosing DOJ's criminal & civil probe
UnitedHealth stock plunged on Thursday after the company disclosed it was under investigation by the US Department of Justice. The healthcare conglomerate said it was complying with both criminal and civil requests from the federal agency. At 12:19 PM EDT, UnitedHealth stock was down 4.15% at $280.38. So far this year, the stock shed over 40% of its value. '(UnitedHealth) has a long record of responsible conduct and effective compliance,' the company said in a Securities and Exchange Commission filing. The DOJ was investigating UnitedHealth's Medicare business, a US government program that covers medical costs for individuals aged 65 and older and those with disabilities, reported Wall Street Journal earlier this year. The WSJ said in February, citing anonymous sources, that the probe focused on billing practices in recent months. The company said it proactively reached out to the DoJ after reviewing the media reports about its participation in the Medicare program, and that it is committed to cooperating with federal authorities. It expressed confidence in its practices and noted that independent audits by CMS have ranked its methods among the most accurate in the industry. UnitedHealth further said it has launched its own initiative to conduct third-party reviews of policies, practices, associated processes and performance metrics for risk assessment coding, managed care practices and pharmacy services. The company also pointed to favorable decision from a court-appointed special master in a decade-long civil challenge by the department to aspects of its Medicare Advantage business, which concluded that there was no evidence to support claims of wrongdoing. The company's UnitedHealthcare business covers more than 8 million people as the nation's largest provider of Medicare Advantage plans. UnitedHealth Group Inc. runs one of the nation's largest health insurance and pharmacy benefits management businesses. It also operates a growing Optum business that provides care and technology support. The company will report its second quarter results next Tuesday.
Business Recorder
6 days ago
- Business
- Business Recorder
Australian shares flat as tech, energy offset losses in miners, gold stocks
Australian shares were little changed on Thursday, as gains in tech and energy stocks offset losses in gold and mining counters, while Fortescue jumped on record quarterly shipments and Macquarie fell after posting a drop in first-quarter profit. The S&P/ASX 200 index was flat at 8,735.90 points as of 0028 GMT, after rising 0.7% on Wednesday. Energy stocks added 0.3%, with Woodside Energy up 1.5%. Oil prices advanced on hopes that progress in talks between the U.S. and its key trade partners ahead of the August 1 deadline would ease pressure on the global economy, while a drop in U.S. crude stocks last week signalled solid demand. Technology stocks rose 0.5%, mirroring gains in overseas peers. ASX-listed shares of Xero grew 0.3%, while those of NEXTDC rose 0.8%. Bucking the trend, gold stocks shed more than 2.5% to lead the benchmark lower, as bullion prices weakened. Northern Star Resources dropped 3%, while Genesis Minerals lost 1.3%. Financials slid 0.2%, with Macquarie slipping 5% after reporting a first-quarter net profit decline and announcing the departure of Chief Financial Officer Alex Harvey. The top investment bank was the biggest laggard on the sub-index. Miners eased 0.2%, as iron ore prices fell. Rio Tinto dropped 0.4%. In contrast, Fortescue gained more than 5% after fourth-quarter shipments hit the top end of its fiscal 2025 guidance. In company news, Lynas Rare Earths reported fourth-quarter revenue beat. The world's largest producer of rare earth minerals outside China said it had entered into a magnet manufacturing deal with Korea's JS Link. Shares grew more than 4%. Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index rose 0.2% to 12,823.99.
