2023-05-23 16:09:21 Changes will be made to the surety bond offering in road making contracts to make it more lucrative said Road Transport and Highways Minister Nitin Gadkari. Speaking at a CareEdge Ratings event in Delhi, he said the present surety bond offering has found no takers and tweaks are in the works. “It took … Read more
2023-05-12 18:02:49 Construction site in Stockholm The Swedish real estate market is coming under pressure. (Foto: Bloomberg/Getty Images) Frankfurt/Stockholm Anyone who asks supervisors and bankers these days about the biggest risks to financial stability will often get one answer: commercial real estate. Rising interest rates are driving up financing costs, while at the same time the … Read more
2023-05-04 15:51:00 The European Central Bank (ECB) decided this Thursday to raise key interest rates by 25 basis points, a slowdown compared to previous increases. However, it remains an aggravation and a signal for the markets. What is the cost to households and businesses? Have the Euribor already incorporated this increase? What are the ECB’s … Read more
1. Increase exposure to longer duration assets 2022 has been a difficult year for all credit markets, given the inflationary pressures and resulting interest rate hikes. Assets with longer duration were sold off in particular. However, rates markets have rallied over the past three months and the forward rate curve is no longer trending up … Read more
This is the situation that no one would want to experience. A 30-year-old man from Brussels was the victim of credit card fraud. He had ordered a Mastercard Gold card for the first time from BNP Paribas Fortis. Small problem: he does not receive this card, nor the second that he ordered then, report our … Read more
Former Niti Aayog Vice Chairman Rajiv Kumar on Thursday said the Budget should have focused more on asset monetisation and privatisation, besides allocating more funds to the social sector schemes. Finance Mininster Nirmala Sitharaman presented the Union Budget 2023-24 in the Lok Sabha on February 1. Participating in a discussion on ‘Union Budget 2023 and … Read more
Karnataka made a record Goods and Service Tax collection of Rs 6,085 crore in January this year, Chief Minister Basavaraj Bommai said on Saturday. In a set of tweets, the Chief Minister also gave credit to the reforms, vigilance and better compliance by taxpayers which made it possible. “A record collection of 6,085 crore has … Read more
In its last meeting of 2022, the board of directors of the Banco de la República decided to raise its interest rates again by 100 basis points to place them at 12 percent., a level not seen since February 2001. The decision was made by majority. Four board members voted for a 100 basis point … Read more