Australia’s central bank says it “will do what’s necessary” to bring inflation back down to its 2-3%. Reserve Bank Governor Philip Lowe, in an interview with Australian Broadcasting Corp., said this means the cash rate may climb to 2.5% at some point. Swati Pandey reports on Bloomberg Television.
By Karthik Ganesan, With the persisting turmoil in the global commodities supply chain due to the Ukraine invasion, India has seen a sharp rise in cost of many an imported commodity. Crude oil and other petroleum products constitute more than 20% of our annual import bill and we are dependent for nearly 85% of our […]
The Insolvency and Bankruptcy Code (IBC) has reformed the Indian insolvency law landscape greatly, its most significant contribution being making errant promoters fearful of losing control of their companies in case of defaults. Given how the sanctity of the debt contract had been eroded, Section 29A, introduced through an amendment, compelled promoters to respect the […]
By Srinath Sridharan Does society shape the concept of governance? What was unacceptable behaviour in previous human generations seems to be acceptable in the subsequent ones. Is that any sign of human behaviour to learn from for governance regulators? Conversely, do formal governance norms define societal behaviour? Can regulations attempt to play morality teachers? Does […]
Rebecca Babin, CIBC Private Wealth Group senior equity trader, says the energy sector should continue to perform well despite market volatility. She spoke with Alix Steel and Guy Johnson on “Bloomberg Markets: Americas.”
While the wholesale price index (WPI) inflation accelerated to an all-time high of 15.9%, consumer price index (CPI) inflation moderated to 7%. While the cut in excise duty on petrol and diesel helped to moderate CPI fuel inflation to 9.5% in May as compared to 10.7% in April, fuel inflation in WPI increased to a […]
Travel sells itself. It’s in our human nature to connect with others, especially after being locked down during a pandemic. We all know that every plane has a seat, every hotel has a bed and there’s so much choice! So why would you need additional support? Well, in conversations with our prospective clients earlier this […]
The UK government is ending the last remaining subsidies for electric cars, arguing it will free up funds to expand the charging network and support other battery-powered vehicles. In a controversial move, the government has closed the £300m plug-in car grant scheme to new orders on Tuesday, the Department for Transport said. The main industry […]
Almost nine-in-ten UK banks or financial services organisations have lost out on green trade finance opportunities, compared with only 56% in Switzerland, new research reveals. With pressure from governments and international bodies for the global trade finance system to incentivise carbon-reduction and sustainability, 90% of financial organisations in Switzerland and 96% in the UK say […]
Furious locals won a landslide victory last night in the first round of a campaign to purge a seaside town of second home and holiday cottage owners. Huge queues former outside polling stations yesterday as Whitby residents voted to end second home ownership in the North Yorkshire resort. Of the 2,228 votes cast, just under […]