China’s Central Bank Restricts Forex Operations Of Foreign Banks
Recent reports indicate that the Chinese central bank has temporarily suspended foreign exchange operations of at least three foreign banks until end of March 2016. This measure is said to be an attempt by China’s central bank, People’s Bank of
Read MoreIndian Govt Detects Over Rs 16,000-cr In Undisclosed Income
The Indian government under the leadership of Prime Minister Narendra Modi has been on a quest since March 2014 to crack down on black money and undisclosed income. The previous Congress government had been accused of allowing corruption and money
Read MoreBillionaire Encourages Wealthy Indians To Be More Charitable
Billionaire Azim Premji is the founder of Wipro, one of the biggest IT companies in India. The Hurun India Philanthropy List named Premji as the “Most Generous Indian” of 2014, as Premji has pledged to donate more than half of
Read MoreFTSE 100 Takes a Battering
It has been a shocking few days if you are a shareholder in FSTE100 based companies, for just before the weekend the FSTE100 crashed well below the 6000 mark which saw many traders diving for cover in the run up
Read MoreSFIO Looks At 11 Companies Involved In BoB Forex Scam
The Bank of Baroda forex scam that took place at the Ashok Vihar Branch in New Delhi posed serious questions for Indian authorities as over 6,000 crore rupees in forex transactions were remitted to a number of different accounts located
Read MoreIs the Time Right for a US Interest Rate Rise?
In its strongest hint yet, the US Federal Reserve gave a very clear indication yesterday that the time is right for an increase in interest rates. There is of course several different reasons why now is a good time for
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