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Explainer-What India’s Decision to Scrap Its 2000-Rupee Note Means For its Economy 0
- Uncategorized
- May 20, 2023
India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens have been asked to deposit or exchange these notes by Sept. 30, 2023. The decision is reminiscent of a shock move in 2016 when the
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European Stock Futures Higher; U.S. Debt Optimism, Solid Earnings Help Tone 0
- Uncategorized
- May 19, 2023
European stock markets are expected to open higher Friday, benefiting from the global optimism that a U.S. debt default will be avoided, but concerns about future growth remain. At 02:00 ET (06:00 GMT), the DAX futures contract in Germany traded 0.2% higher, CAC 40 futures in France climbed 0.3% and the FTSE 100 futures contract
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Six Pacific Countries At High Risk Of Debt Distress – World Bank 0
- Uncategorized
- May 18, 2023
Six Pacific countries are at a high risk of debt distress in part due to government spending to respond to the COVID-19 crisis, the World Bank said in a report on Thursday. The report, titled Raising Pasifika, said fiscal consolidation was needed in Kiribati, Republic of the Marshall Islands, Federated States of Micronesia, Samoa, Tonga
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Commerzbank Doubles Quarterly Profit, Helped By Higher Interest Rates 0
- Uncategorized
- May 17, 2023
Germany’s Commerzbank (ETR:CBKG) said on Wednesday that net profit nearly doubled in the first quarter, a better-than-expected result helped by higher interest rates. The bank said it sees “upside potential” in net interest income this year, and raised its forecast to 7 billion euros ($7.7 billion) from a previous 6.5 billion euros. The bank’s shares
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