Buildings of Swiss banks UBS and Credit Suisse are seen on the Paradeplatz in Zurich, Switzerland. | Photo Credit: DENIS BALIBOUSE European bank bonds slumped on Monday following the state-backed rescue of Credit Suisse by UBS as a wipeout of some bondholders raised concerns around broader bank capital and also hammered bank shares. The Swiss […]
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The Reserve Bank has raised rates aggressively this year to tame inflation. | Photo Credit: Reuters Under the backdrop of a highly uncertain global environment caused by globalisation of inflation, energy and food shortages, and synchronised tightening of monetary policy worldwide, the Indian economy was exhibiting signs of a gradual strengthening of the growth momentum, […]
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Image used for representational purpose only. | Photo Credit: Reuters The rupee witnessed heavy volatility in early trade on November 14 and depreciated 15 paise to 80.93 against the U.S. dollar in line with a muted trend in domestic equities. At the interbank foreign exchange, the domestic unit opened on a strong note at 80.53 […]
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Russia’s financial monitoring agency wants to improve its systems and identify transactions and blockchains that are currently hidden Russia’s financial monitoring agency wants to improve its systems and identify transactions and blockchains that are currently hidden Russia’s financial monitoring agency, Rosfinmonitoring, said on Friday it was using software to track cryptocurrency transactions and hopes to […]
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