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President Wickremesinghe Delivers IMF Deal for Sri Lanka

Copenhagen (13/11 - 37.5) When Ranil Wickremesinghe took over as Sri Lanka's president in July after a popular uprising ousted his predecessor, the South Asian...

Denmark Withdraws 1,000-Crown Note From Circulation

The Scandinavian nation is set to remove the note, its largest denomination, as legal tender in 18 months time. Denmark, where cash is seldom used,...

Misplaced Enthusiasm About A BRICS Currency

Toronto, Atlanta (10/11 – 50) As recently as the early 1980s, central bankers around the world could be heard moaning and groaning about having to...

Electricity to Remain Expensive Through Christmas

There is no relief in sight for consumers paying high electricity prices. The NASDAQ OMX Commodities electricity exchange predicts the monthly average will hold...

12-Month Euribor Sees Largest Drop of Year

The most common reference rate for Finnish housing loans, the 12-month Euribor, fell to 3.794 percent on Monday. On Friday the figure was 3.902 percent. Jan...

Housing Market Perks Up Before Year-end Tax Change

For several major Finnish real estate firms, November was the strongest sales month of the year for pre-owned homes. However, the upturn has not...

President Wickremesinghe’s Contribution To Securing IMF Loan For Sri Lanka

Brussels (08/11 – 50) On March 20, the IMF approved a $3 billion Extended Fund Facility (EFF) to support Sri Lanka amid its economic crisis....

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