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Bolivia Eliminates Diesel Subsidy After IMF Loan Approval

Bolivia’s government has completely eliminated its diesel subsidy after the Senate approved a $1.9 billion loan from the International Monetary Fund that calls for spending curbs.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Explained: When should mutual fund investors use CAGR, XIRR or IRR to calculate returns?

CAGR, XIRR and IRR are commonly used to measure mutual fund returns, but each serves a different purpose. While CAGR is suited to lumpsum investments, XIRR helps calculate returns from irregular cash…

  • CAGR calculates average annual growth rate for lumpsum investments over specific periods
  • XIRR determines annualised returns for investments with irregular cash flows like SIPs
  • IRR evaluates profitability of investments considering timing of cash flows and discount rate

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