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Colombia Raises Interest Rate by 0.25% for October
Colombia’s Central Bank (Banco de la Republica, in Spanish) decided Wednesday to raise its interest rate by 0.25 percentage points, from 12% to 12.25%, in a decision that breaks with several months of…
Ken Griffin’s Record-Setting $3 Billion Higher Ed Donation Tops These Billionaires’ Mega-Gifts
The donation is one of only six in the history of higher education to reach or top $1 billion.
NDIC shifts from claims payer to risk minimiser to prevent bank failures
The Nigeria Deposit Insurance Corporation (NDIC) has shifted its role from primarily paying claims after bank failures to becoming a read more NDIC shifts from claims payer to risk minimiser to…
Mexican Peso pain deepens above 18.00 as carry appeal fades
The Mexican Peso (MXN) prolongs its agony, extending losses by over 0.11% against the Greenback for the third straight day on Wednesday, while USD/MXN continues to trade above the psychological level of 18.00 as the carry trade loses its appeal.
Trump: Internal Auditor Finds No Wrongdoing by Powell in Fed Building Renovations
The Inspector General has found no evidence of possible violations in the building renovation. However, other deficiencies were identified. Senator Elizabeth Warren is talking about a witch hunt.
Billionaires like Ken Griffin are doling out tons of money to prove that a college degree still matters
Despite questions swirling around colleges and universities, Griffin’s $3 billion donation to Carnegie Mellon University is one of many from billionaires to colleges this year