March, 2016

• 31 March

  Puerto Rico utility’s creditors extend deadline for rate plan

  

  Bloomberg Puerto Rico won another week to submit a proposed rate fee to the commonwealth’s energy commission, a charge that would repay debt used to restructure about $9 billion owed by its main power utility. Puerto Rico Electric Power Authority creditors agreed to give officials until April 7 to file their petition to create a new customer fee, called a ...

  Read More »
• 31 March

  Wage surge in hot US labour markets sends hopeful sign to Fed

  

  Bloomberg With Minneapolis-St. Paul’s health-care industry booming, scientist Erin Nelson fielded more than 20 unsolicited calls in the past year asking her to consider switching jobs. She took one in September at a 40 percent raise. “Pay is becoming much more competitive,” said Nelson, 35, who designs research projects for medical-device companies. “It is a nice feeling to have job ...

  Read More »
• 31 March

  Mervyn King’s daring book on radical uncertainty

  

  Mervyn King’s new book on the financial crisis and its aftermath is not what you might have expected from the former head of the Bank of England — from an official, that is, who played a crucial role before, during and after the crash. “The End of Alchemy: Money, Banking, and the Future of the Global Economy” isn’t a memoir. ...

  Read More »
• 31 March

  Prospects ahead for UAE’s healthcare sector

  Undoubtedly, the UAE healthcare sector has witnessed extraordinary growth and remarkable progress in the past few years. And the country is continuously expanding its national healthcare system to meet the ever growing need of the citizens and expatriate population. The healthcare sector market stands at AED 71.6 billion today. It is projected to grow at an average annual growth rate ...

  Read More »
• 31 March

  Ask the next president about the Fed

  Narayana Kocherlakota The next U.S. president will have the opportunity to appoint (or re-appoint) someone to one of the most powerful positions in the world: the chair of the U.S. Federal Reserve. Yet voters still know far too little about how the leading presidential candidates would go about choosing. As far as I can tell, none of the websites of ...

  Read More »
• 31 March

  Please hold your applause on Obamacare

  President Barack Obama and his allies are celebrating the Affordable Care Act, also known as Obamacare, on the sixth anniversary of its passage. They say it has provided insurance coverage to millions of Americans and come in below cost. They are right to claim that many Americans have benefited from the law. But the benefits are overstated, and the law’s ...

  Read More »
• 31 March

  Global stocks’ March advance falters; dollar, metals retreat

  

  BLOOMBERG The March rebound that had the MSCI All-Country World Index on the brink of erasing its losses for 2016 faltered as base metals retreated. The Stoxx Europe 600 Index fell for the first time in three days, dropping with shares in Tokyo and Hong Kong. U.S. crude recovered, after falling on data showing an increase in American stockpiles. The ...

  Read More »
• 31 March

  Emirates Securities Market up by 0.46%

  

  ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.46% to close at 4503.17 points. Accordingly the Market Capitalization has gained AED 3.32 billion attaining AED 730.47 billion. A total of 0.53 Billion Shares were traded with a total value of AED 0.69 billion during the trading session of 2016-03-31 through 7108 transactions. The number of companies which ...

  Read More »
• 31 March

  Basel acts soft on banks’ rate risk

  

  Tokyo / Reuters Global banking regulators will avoid forcing banks to set aside money to cover the risk of higher interest rates, two people with direct knowledge of their deliberations said, easing concerns among some banks about the potentially high costs of holding government bonds and long-term loans. The Basel Committee, a body of banking supervisors from nearly 30 countries, ...

  Read More »
• 31 March

  State Bank of India adjusts rates based on new methodology

  Bloomberg State Bank of India, the country’s largest lender, announced loan rates based on marginal cost of funds as the nation’s central bank pushes for faster pass-through of cuts in its borrowing benchmark. The Mumbai-based bank set charges for seven maturities, varying from 8.95 percent for overnight lending to 9.35 percent for three years, a statement posted Monday on its ...

  Read More »