People walks past the Reserve Bank of Australia in Sydney. Reuters
Australian Prime Minister Scott Morrison meet with the country’s central bank chief on Wednesday to discuss the nation’s slowing economy as pressure grows for urgent fiscal stimulus.
Australia’s central bank (CB) held rates at an all-time low of 1% on Tuesday as it weighed the impact of past easing though markets are wagering the tide of policy stimulus, which will compel it to cut rate again before year-end.
The Central government had Rs402 crore outstanding loans with the RBI in the week ended Oct.11, according to a weekly statistical supplement of Reserve Bank of India (RBI).
Alitalia’s rescue hopes received a boost with signs that Lufthansa could take a stake in the Italian carrier, while Rome agreed to a 350 million euro ($389 million) bridging loan to ease immediate cash worries.
Emirates Water and Electricity Company (EWEC), a subsidiary of Abu Dhabi Power Corporation (ADPower) and a leading company in the integrated coordination of planning,
Russia, the world’s No. 2 oil producer, has become an unintended beneficiary of US sanctions after an embargo on Chinese ships drove up tanker freight rates, spurring record premiums for Russian crude that takes just days to arrive in North Asia.