Business News

Central Bank Prolongs Rate Hike, Swedish Crown Falls to 17-year low

 The Swedish crown plummeted to a 17-yr low on Thursday after the nation’s central financial institution delayed its subsequent rate of interest hike.The Riksbank started normalizing coverage in December on account of a robust economic system, but it surely has since joined its counterparts in Europe and Canada in adopting a cautious outlook. Nonetheless, its […]

Business News

13 offers were presented for US $ 1,000 million to search for oil in the sea

In its first call for oil exploration in deep waters, the Energy Secretariat got the interest of investors in almost half of the areas it made available. The Government highlighted yesterday that 13 companies presented offers to operate in 18 “offshore” areas. Since there were 38 blocks available, the effectiveness of the call for bids […]