A senior official from the World Bank has called for introducing some changes in the laws applicable to sovereign debts. The purpose of the changes would be to provide more control to the governments in times of crisis and give…
On Monday, the Federal Criminal Court in Switzerland found Credit Suisse guilty of failing to prevent a cocaine trafficking gang based in Bulgaria from laundering money. This is the first criminal trial conducted in the country in regard to one…
The latest MPC minutes of the Reserve Bank of India revealed the opinion of Michael Patra. According to the Deputy Governor of the Indian central bank, they do not have any other choice, but to hike up interest rates in…
On Thursday, the Swiss National Bank (SNB) took the markets by complete surprise when it decided to increase its interest rate for the first time in the last 15 years. As a matter of fact, the bank reiterated that it…
With the Sterling sinking and the US Federal Reserve raising borrowing costs rather aggressively, it is understood that pressure will be high on the Bank of England (BoE) policymakers to announce a substantial interest rate hike this week. Increase is…
Alonzo Powell