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‘RBI inflation goals need to be reviewed’

Bloomberg India’s new government should review the central bank’s inflation goals, including whether consumer pri-ces or the underlying core measure is the appropriate target to use to determine interest rates, an economic adviser to the current prime minister said. Speaking in his personal capacity, and not as a member of Prime Minister Narendra Modi’s Economic Advisory Council, Rathin Roy said ...

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Argentine peso rises on new measures

Bloomberg The Argentine peso gained as the government and the central bank announced measures to control inflation after prices rose more than expected in March for the third consecutive month. The peso climbed as much as 2.3 percent before paring gains to finish trading up 1.1 percent at 41.9 per dollar. Some investors saw the announcements as boosting President Mauricio ...

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Bank Austria seeks special audits of ‘3 Banks Group’

Bloomberg UniCredit SpA’s Austrian unit is requesting special audits of at least one of the lenders comprising the 3 Banks Group, saying it broke corporate law and governance rules for years. UniCredit Bank Austria AG is demanding the audit of six share issues at BKS Bank AG, one of the three banks, according to a motion for the May 8 ...

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