Bloomberg India this week joined a select club of countries offering fund transfers around the clock, a move that will give banks more flexibility to manage their liquidity requirements, the central bank said. The National Electronic Funds Transfer (NEFT) sees transactions worth 800 billion rupees ($11.3 billion) daily and the round-the-clock service is expected to boost online transactions for customers …

Bloomberg The Credit Suisse Group AG spying incident surrounding the departure of former wealth management head Iqbal Khan might not be an isolated case. The bank may have spied on former Chief Human Resources Officer Peter Goerke, Swiss newspaper NZZ reported, citing documents it obtained as part of an investigation. A former Credit Suisse employee in the US also recently …

Bloomberg Coal consumption is set to rise in the coming years as growing demand for electricity in developing countries outpaces a shift to cleaner sources of electricity in industrialised nations. While use of the most polluting fossil fuel had a historic dip in 2019, the International Energy Agency (IRA) anticipates steady increases in the next five years. That means world …