!“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}
Finance Minister Nirmala Sitharaman on Monday asked chief executive officers (CEOs) of state-owned banks to step up outreach to non-resident Indians (NRIs) and introduce innovative deposit products to maximise mobilisation under the Reserve Bank of India’s (RBI’s) FCNR(B) scheme, with bankers reporting an encouraging response from the Indian diaspora, particularly in Singapore, Hong Kong,…
Say there is an interest-bearing account that pays even say some exorbitant number, 10%, 20%, whatever. Do you know what the interest payment is if there’s no money in the account? Processing Content Zero, of course. Which is something to keep in mind when you think about competition from stablecoins and other digital assets. In…
Ontario’s entry closes out a standoff of roughly two decades, during which the province had pushed instead for a single national securities regulator built on voluntary participation rather than joining the passport system used by the rest of Canada. Confirming the shift, Bethlenfalvy said he directed the Ontario Securities Commission to build on discussions for…
Late in June, after four years of deliberation, US insurance regulators agreed changes to the capital rules for insurers when they invest in collateralised loan obligations (CLOs). Industry players have followed the dry, technical back-and-forth that led to this decision closely, and for good reason. The review of CLO charges marks the first step by…
U.S. President Donald Trump said a deal to reopen the Strait of Hormuz could come as early as Wednesday, as Iran and Oman inched toward an agreement on the critical waterway that could ease pressure on the global economy and potentially help bring an end to the war. The U.S., along with Israel, launched the war on Feb. 28,…
The wheat complex shrugged off early weakness on Tuesday, with contracts higher across the three markets. Chicago SRW contracts were 4 to 5 cents in the green. KC HRW futures were up 9 to 10 ½ cents in the front months. MPLS spring wheat was the leader, with contracts 11 to 12 cents higher. Spring…