Browsing Tag
hikes
8 posts
Kenya hikes minimum bank capital 10-fold to match regional peers
The Central Bank of Kenya (CBK) will increase the minimum capital requirement for commercial banks ten-fold to $77.8 million (KES10 billion), Kenya finance minister Njuguna Ndung’u announced on Thursday. The new capital requirements will boost resilience to potential financial risks like increased cyber fraud threats and economic shocks but it could prove challenging for over
Vidéotron hikes the price of its international mobile plan by $5/month
The price-hike comes less than a month after Vidéotron made the plan available to Québec residents Mar 7, 20244:03 PM EST 0 comments Vidéotron has raised the price of its international mobile plan weeks after launching it. The plan now costs $75/month. When it launched on February 14th, the plan was priced at $70/month. Vidéotron
Rate hikes scuff gold’s pandemic polish
Inflation has been at the front of policymakers’ minds going into 2022, as Covid-19-related bottlenecks continue to choke supply chains. Elevated inflation, a stubborn feature of economic recovery, is usually a good thing for gold, which is generally considered an inflationary hedge. But the pandemic also drove the popularity of another asset, cryptocurrency, which analysts…
Fuel price hikes: We’re yet to decide next line of action – GPRTU
The Ghana Private Road Transport Union (GPRTU) says it is engaging various transport operators on their next line of action due to the government’s failure in stabilising fuel prices in the country. Fuel prices have hit the projected GH¢7 per litre mark on Sunday, January 16, 2022. In an interview with Citi News, the Industrial…
SBI hikes short term FD rate: cycle reversal begins
SynopsisMany banks have started increasing fixed deposit interest rates. SBI's revised FD interest rates came into effect on January 15, 2022. Getty ImagesFollowing closely on the heels of private sector lender, HDFC Bank, the (SBI) has announced a hike in fixed deposit (FD) interest rates. According the SBI website, the bank has hiked the interest…
Netflix hikes prices across the board for US subscribers
The big picture: Netflix is raising the price of its streaming subscription service in the US for the second time during the pandemic. With more entertainment choices now than ever before, Netflix will use the extra money to keep offering subscribers a wide array of quality options on its platform. A basic Netflix account, which…
Please try another search EconomyJan 01, 2022 07:25AM ET 2/2 © Reuters. FILE PHOTO: Vehicles queue at a petrol station in Ankara, Turkey December 17, 2021. REUTERS/Cagla Gurdogan 2/2 ISTANBUL (Reuters) - Inflation soared by the most in at least a decade in Turkey's biggest city Istanbul last month, according to data on Saturday, and…
Conservative tax hikes ‘disproportionately put on business‘, says economics editor
The new Minister of Levelling Up has been painting himself as the life and soul of the party this afternoon, bounding on stage at conference to the tune of Abba and favourably comparing his antics in an Aberdeen nightclub to a speech by Sir Keir Starmer. The point of all of this was to highlight…