CANBERRA – On Nov. 8, Prime Minister Narendra Modi announced that 500- and 1,000-rupee notes (1,000 rupees is about $15) were no longer legal tender; people were given 50 days to deposit them in bank accounts or exchange them for new notes at banks and post offices — when only ... Read More »
The Russian Central Bank said Friday it was lowering its key rate because of the potential for slow economic growth and oil priced around $40 per barrel. For the first time since June, the bank said it lowered its key rate by a half percent to 10 percent, saying it ... Read More »
Loan approval rates at big banks ($10 billion+ in assets) declined slightly for the first time in six months in July 2016, according to the Biz2Credit Small Business Lending Index™, the monthly analysis of more than 1,000 small business loan applications on Biz2Credit.com. Last month, big banks granted 23.1%, still ... Read More »
Donald Trump has released the names of his economic advisers, a list heavy with Wall Street and real estate industry figures, but short of actual economists. The names include several people from the world of hedge fund and private equity firms, including Steven Feinberg, chief executive and co-founder of Cerberus ... Read More »
Cuba and its financial institutions are nevertheless unable to use the us greenback for certaintransactions, despite the assertion of the us administration, in keeping with the Cubadebate internet site. Cubadebate, which today posted statements by a senior legit of the foreign Ministry, said that nearlymonths after the united states authorities ... Read More »
