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  • Jan 02, 2025

Cosmea Financial gets SEBI nod to expand into mutual fund market

Cosmea Financial Holdings (CFH) has been granted approval by the Securities and Exchange Board of India (Sebi) to sponsor a mutual fund. The firm, which submitted its application in May last year, now has a six-month window to complete the necessary registration formalities as per the Securities and Exchange Board of India (Mutual Funds) Regulations,…

  • Jan 02, 2025

Crypto Will See Revolution By Acceleration

2025 will see a sea change in the U.S. regulations, acceptance of bitcoin as digital gold and stablecoins as important rails for payments, says EY’s Paul Brody.

  • Jan 02, 2025

Arcos Dorados Renews Franchise Agreement With McDonald's, Stock Gains

Arcos Dorados Holdings Inc. (NYSE:ARCO) saw its shares rise on Thursday following the announcement of a renewed Master Franchise Agreement with McDonald’s Corporation (NYSE:MCD). The new 20-year MFA, effective January 1, replaces the previous agreement and includes an option for renewal at McDonald’s discretion for another 20 years, beginning January 1, 2045. The updated agreement includes a royalty fee structure based on gross sales: 6.0% for the first ten years, 6.25% for the next five years,

  • Jan 02, 2025

US unemployment claims fall to 211,000, the lowest level since March

The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that suggest most U.S. workers continue to enjoy unusually high job security. Jobless claims dropped by 9,000 to 211,000 last week, the Labor Department reported Thursday. The overall numbers receiving unemployment benefits fell by 52,000 to 1.84 million, the lowest since September.

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