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Canada CPI set to show abating inflation pressure, setting stage for more rate cuts
- cnnnews
- September 17, 2024
- 0
A report from Statistics Canada released on Tuesday revealed that annual inflation in Canada, as measured by the Consumer Price Index (CPI), increased by 2.0% in August. This figure came in short of market expectations and represents a decrease from July’s 2.5% rise. On a monthly basis, the core CPI, which excludes the often fluctuating prices
SA banks to issue new loss-absorbing debt to prevent bailouts
- cnnnews
- September 13, 2024
- 0
South Africa’s largest banks will start issuing a new class of loss-absorbing debt, known as financial loss absorbing capacity (flac) instruments, from January, Moody’s Ratings reports. Designed to enable the orderly resolution of struggling banks, these instruments can convert to equity in a “bail-in” scenario, avoiding taxpayer bailouts. The central bank estimates that the top
Congressional Black Caucus Issues New DEI Guidelines to Encourage Corporate Efforts
- cnnnews
- September 10, 2024
- 0
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