Before the Russia-Ukraine conflict began, Indian Potash Ltd (IPL) had set up a deal with Russia’s Sberbankthat would allow the company to use rupees to pay for Belarusian potash instead of dollars. However, people familiar with the matter said that…
On Wednesday, the Reserve Bank of India (RBI) is scheduled to hike up the interest rates in the country and they are expected to come with measures that will also tighten liquidity. This is going to increase the pressure on…
On Friday, Loretta Mester, the President of the Federal Reserve Cleveland, stated that the central bank may have to continue raising interest rates at the same pace till September unless they would find ‘compelling’ evidence showing that inflation had hit…
On Wednesday, the chief executive of DWS announced that he was stepping down from his position, effective next week. This came after prosecutors conducted raids at the company over allegations of misleading investors in regard to ‘green’ investments. The departure…
According to a top lobby group, the cybersecurity rules that have been proposed for financial firms in China could turn out to be quite risky for western companies that are operating in the country. This is because these rules could…
Alonzo Powell