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Guatemala crisis to hinder growth, says central bank

Bloomberg Guatemala’s second major political crisis in two years could hurt economic growth if it drags on, interim Central Bank President Sergio Recinos said. The crisis, which deepened after a court overruled President Jimmy Morales’s attempt to expel UN-backed anti-corruption chief Ivan Velasquez, was a factor in the central bank’s decision not to raise interest rates, and has dampened investor ...

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Ex-RBI governor warned Modi against demonetisation

Bloomberg The man who predicted the 2008 global financial crisis also presaged the damage Prime Minister Narendra Modi’s unprecedented cash ban would cause to India’s economy. Raghuram Rajan was governor of the Reserve Bank of India in February 2016, when he was asked by the government for his views on demonetisation, according to Rajan’s book “I do what I do”, ...

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Southwest resumes flights to Houston post storm Harvey

Bloomberg Southwest Airlines Co. resumed commercial service to Houston in the wake of flooding caused by Hurricane Harvey, landing its first passenger flight at William P. Hobby airport, according to tracking website lightAware.com. That puts Southwest behind United Continental Holdings Inc. and American Airlines Group Inc., which started limited service late last week at Houston’s George Bush Intercontinental Airport. Since ...

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