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The Russian president Putin spoke out against the growing trend of using unilateral restrictions to achieve economic advantage, as he addressed guests of the St. Petersburg International Economic Forum (SPIEF) on Friday. “The system of multilateral cooperation, which took years to build, is no longer allowed to evolve. It is being broken in a very […]
A body set up by US Government called AARC (Alternative Reference Rate Committee) want to replace LIBOR with a new broad Treasuries repo rate. The new method will work according to an article in Business Insider by reflecting how much it costs to borrow cash secured against US government debts. The ARRC is a group […]
Bank of America Corp has opened three automated branches over the past month, where customers can use ATMs and have video conferences with employees at other branches according to Reuters.