Bloomberg Despite hopes of a new dawn for Iran’s economy after nuclear-related sanctions were lifted, major Western banks are reluctant to do business with the Islamic republic for fear of US retribution. President Hassan Rouhani has said that to reach the target of eight-percent growth needed to modernise the industrial sector and relaunch the hobbled economy, Iran needs up ...

  Bloomberg A South African bank that gave President Jacob Zuma a mortgage to settle a Constitutional Court order to repay taxpayers the money spent on upgrading his residence said it sticks to loan processes no matter who the client is. “In granting a loan, the usual processes and conditions apply no matter who the client may be,” VBS Mutual ...

  Bloomberg Sweden’s central bank presented a careful analysis on potentially changing the inflation measure it aims for, highlighting in its conclusion that any switch could damage confidence in the price target. While the current consumer price index is “somewhat problematic,” policy makers found that switching the measure could create “uncertainty” and “lead to expectations that it may be replaced ...