November 29, 2016/Reuters By George Obulutsa NAIROBI (Reuters) – Kenya’s central bank hopes mid-size lender Chase Bank will be brought back out of receivership sometime during the first quarter of 2017, the governor said on Tuesday. The Central Bank took over Chase Bank in April after a run on its […]
Updates
Wall St. little changed in early trading; oil skids
November 29, 2016/Reuters By Tanya Agrawal and Anya George Tharakan U.S. stocks were little changed in early trading on Tuesday as a sharp drop in oil prices weighed on energy stocks, while a rise in healthcare stocks helped limit losses. Oil fell nearly 4 percent as major exporters struggled to […]
IMF Provides Further Guidance to Enhance Financial Safety Net for Developing Countries
November 29, 2016/IMF On November 16, 2016, the Executive Board of the International Monetary Fund (IMF) discussed a staff paper on “Financing for Development: Enhancing the Financial Safety Net for Developing Countries – Further Considerations”, which identifies areas where current guidance on Fund policies needs to be clarified in regard […]
