Recent Posts

Iceland cuts interest rate as currency advances

Reykjavik / AFP Iceland’s central bank on Wednesday shaved its key interest rate by a quarter of a point to 5.0 percent, citing the krona’s appreciation and political uncertainty following the country’s October elections. Gross domestic product, business investment growth and export growth had all been stronger than projected for the first nine months of the year, the bank noted. ...

Read More »

JPMorgan plans structured-note sales via web to cut costs

Bloomberg JPMorgan Chase & Co. is looking to sell structured notes online and is building a website that will help retail brokers offer the securities, according to people with knowledge of the matter, as the largest US bank looks to cut its costs for selling bonds. The bank plans to launch its site as soon as the middle of next ...

Read More »

‘Witness to history’ opens to public

  Dhaka / AFP Many of Bangladesh’s most significant political prisoners have been incarcerated within the walls of the two-century old Dhaka Central Jail. Now the prison that has borne witness to much of the country’s brutal history has opened to the public as a museum. The last inmates of the 228-year-old prison in the capital’s old Mughal quarters were ...

Read More »
Send this to a friend