Two corporates in India, Uttar Pradesh Power Corporation and Andhra Pradesh State Beverages Corporation sold government guaranteed rupee. The goal of this scenario is to diversify investor bases. Uttar Pradesh Power Corporation (UPPCL) plans to raise $512m. Previously, the company...
The Bank of Japan, like any other central bank globally, is trying to control inflation. The bank launched ultra-easy monetary policy a few weeks ago in order to battle inflation. It finally resumed the awaited policy meeting by keeping the...
Sri Lanka, which is suffering from the worst economic crisis due to its default state, is planning to expand imports of Russian crude oil to secure cheap crude oil. According to AFP and Al Jazeera on the 27th (local time),...
The rising of prices has been a great shock both in Australia and India. Both countries’ reserve banks have increased rates for as much as 50bp. This inflation alarm pushes the central banks in both countries to take a proper...
This case began with the first announcement of the state-owned policy bank, Development Bank of Mongolia. Based on this release, at least 58% of the loans were non-performing following the BoM inspection. Since last year, BoM has been taking a...
Central banks around the world are joining the interest rate hike on the 22nd (local time). According to the Washington Post (WP), the Czech Central Bank raised its key interest rate by 1.25 percentage points (P). The Czech Republic's benchmark...
The Wall Street Journal (WSJ) reported on the 22nd (local time) that as the average price of gasoline at gas stations across the U.S. continued to reach about $5 a gallon, there;'s overflowing demand for a change. According to a...
The median prices of housing across the U.S. last month exceeded $400,000 for the first time ever. House sales transactions plunged as mortgage rates soared along with the U.S. Federal Reserve's interest rate hike. The National Association of Realtors (NAR)...
Inside the U.S. Federal Reserve (the Fed), it is predicted that it will take two years for the U.S. economy to reach its inflation target of 2%. Cleveland Federal Reserve Bank President Loretta Mester said on CBS' "Face the Nation"...
The Fed's rapid increase in interest rates is due to the worst inflationary pressure of the century, with the U.S. consumer price growth breaking its 40-year high. The U.S. Consumer Price Index (CPI) in May, released on the 10th, rose...
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