The article reports that State Bank of India has mandated five banks to arrange its first international bond sale in over two years. The move has raised hopes for a renewed surge of new bond issues from the Indian market. Among the banks selected were Barclays Capital, Citi, and HSBC. The...
in the form of both zakat and charitable giving (sadaqah). On the one hand, financial hardship may limit non-state social welfare provision and peoples’ feeling of obligation to pay. On the other hand, increased need and feelings of social solidarity—and potentially a recognition of the limi...
CME Group, the world’s leading derivatives marketplace, today reported its April 2024 market statistics set a new average daily volume (ADV) record of 26.5 million contracts for the month, up 33% from April 2023, with double-digit growth across all asset classes. Additionally, interest rate,...
1. The head of a bank, especially but not necessarily a central bank. For example, the highest post in the Bank of England is called the Governor.2. More generally, a term for some chief executives, especially heads of political subdivisions. For example, the head of an American state is...
In the December mid-year budget update, the government projected total debt of $149 billion by 30 June 2027. At the previous rate of debt increase, you might have expected them to end up with around $160-165 billion of debt by mid-2028, but now they’re revealing debt could be $188...
A strong dollar against, for example, the euro may also lead to some spend shifting abroad.14 As for China, luxury growth of 4 percent to 6 percent is expected, compared to 16 percent in the first half of 2023, which dropped to between 1 percent and 3 percent in the ...
World Bank and the U.S. State Department. These institutions will insist that the debtor economy would have to “stabilize” its exchange rate by selling off its land, mineral rights and public infrastructure to foreign investors, using the sales proceeds to pay foreign creditors. Th...
“Since the program offers rates that do not fully reflect the risk of flooding, NFIP’s overall rate-setting structure wasnot designed to be actuarially sound in the aggregate, nor was it intended to generate sufficient funds to fully cover all losses.” ...
official vehicle while she left through a side door. Also, here’s an interesting catch, especially since Angle supposedly has a lot of cash these days: her latest filing has nothing aboutsalariesfor her staff. Oversight, or is there more of a burn rate problem than we’d been led to ...
According to the IOM, the rate of working migrants who sent home remittances in 1970 was 2.5% of the working population worldwide, and today it is 3.5%.3 The exact figure of how many are on the move, uprooted, trafficked, and work as 'global nomads' can only be estimated, possibly ...