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Spanish Euribor borrowing rate down 0.165% another record low

MADRID: The Bank of Spain has confirmed this Monday that the Euribor, the index by which the largest number of mortgages in Spain are calculated, has concluded the month of May at a record low of 0.165%. This Euribor borrowing rate hits another record lowcompares to a level of 0.180% a month ago, and during the last year, the index ... Read More »

Greece’s state borrowing projects level by 40% to €31.8b in Q1-2015

ATHENS: State borrowing from domestic sources, surged a projected level by 40 percent or €31.8 billion in the 1st Quarter. This reflects the complete derailment of the state budget and the state’s lack of liquidity as it scrambles to pay its debts inside and outside the country. The data on the execution of the state budget are revealing, as they ... Read More »

Kh Asif sheds light on Chinese investment, projects

ISLAMABAD: Federal Minister for Water and Power Khawaja Asif said that China intends to invest 34 billion dollars in Pakistan as Foreign Direct Investment (FDI) and not as a loan. “Chinese companies aim to invest $34 billion in different projects, while Chinese banks EXIM and China Development Bank would finance these companies,” Asif said while addressing a press conference called ... Read More »

SBP policy rate remains unchanged at 10pc

LAHORE: State Bank of Pakistan (SBP) has kept the policy rate unchanged at 10.0 percent for next two months. Governor SBP, Ashraf Mahmood Wathra announced the Monetary Policy Statement (MPS) for the next two months at a press conference on Saturday. Central Board of Directors of SBP chaired by the Governor SBP took this decision after detailed meeting. In recent ... Read More »