CHICAGO — The weekly Chicago agricultural futures went decrease because the COVID-19 well being scare has deepened in the US amid file excessive each day infections.
The Worldwide Financial Fund (IMF) forecast that the world’s 2020 GDP fee would slide to a unfavourable 4.9 p.c, which may adversely affect uncooked materials demand. (US-Agricultural Futures)
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NEW DELHI — The federal government of India has promulgated an ordinance searching for to guard the pursuits of depositors and strengthen cooperative banks by bettering governance and oversight by extending powers already out there with the central bank the Reserve Bank of India (RBI) in respect of different banks to co-operative banks, mentioned an official supply within the federal ministry of finance.
It additionally empowered the RBI to undertake revival plans for banks with out imposing a moratorium to keep away from disruption of the monetary system, acknowledged an official launch by the ministry. (India-Ordinance)
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HARARE — The Reserve Bank of Zimbabwe on Saturday clarified the measures taken to take care of illicit buying and selling on phone-based cash switch platforms, assuring the general public that “bona fide” transactions can be processed usually.
The central bank mentioned on Saturday night time that it was cash brokers who had been suspended from cell banking transactions. (Zimbabwe-Cellular Cost) Enditem