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Mechanism for enhancing financial stability

Sanderson Abel It is fundamental to have a sound, stable and healthy financial system to support the efficient allocation of resources and distribution of risks across the economy.Financial instability and its effects on the economy can be very costly because of the associated contagion or spillover effects to other parts of the economy.Financial instability may...
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The reported Government borrowing of Sh226 billion in six months should not have come as a surprise to those who studied the annual budget estimates presented to Parliament in June.
The reported Government borrowing of Sh226 billion in six months should not have come as a surprise to those who studied the annual budget estimates presented to Parliament in June.
Dow Jones Industrials High: 18,168.76 Low: 18,049.77 Close: 18,145.71 Change: —16.64 Other Indexes Standard&Poors 500 Index: 2141.16 —0.18 NYSE Index: 10,571.88 —25.49 Nasdaq Composite Index:
NEW YORK (AP) — Municipal bond yields rose modestly this week, continuing October’s upward trend. The 10-year yield on the AP Municipal Bond index was 2.076 percent Friday at 5 p.m. Eastern tim
WASHINGTON (AP) — Hacked emails show Hillary Clinton’s campaign wrestled with how to announce her opposition to construction of the controversial Keystone XL pipeline without losing the support
Actress Daisy Ridley says her "Star Wars" co-star Felicity Jones is a "phenomenal actress".
Actress Parineeti Chopra is turning a year older on Saturday and much to her surprise, her fans came to wish the actress at her residence.
NEW YORK (Reuters) - Oil settled up on Friday on hopes Russia and OPEC will reach agreement at the weekend on market support initiatives to keep crude above $50 a barrel, although traders cautioned ab
The jam-packed atmosphere surrounding Wrigley Field might contribute to the rise in prices once the playoff game begins        
Like it or not, looks like the oil price is heading towards $60 per barrel, driven on by OPEC with more than tacit support from Russia. If soundbites received at the conclusion of the International En
Volvo’s parent Geely Automobile of China has unveiled a new brand, Lynk, which will produce cheaper mass market cars using the basic engineering of the Swedish company and sell them in the U.S. and Eu
Chairperson and the Executive Officer, along with few other employees, of Mathura Muncipality were today booked in connection with the death of a six-year-old boy who fell into a septic tank while pla
Buying a cot is not an easy process, the choices are endless. Add in the dozens of "sleep aids" available and parents can spend a huge amount of money.
Microsoft shares settled at a record high on Friday, topping a peak that had stood since 1999, after a quarterly earnings report highlighted the company’s success in the growing business of cloud com
Parents spend hundreds, or maybe thousands, of pounds on goods for their new born children. What is on the market, and is it worth it?
Remittances could prove to be a vast resource for Nigerian businesses and government-funded projects.
In an interview with Rolling Stone, filmmaker Michael Moore launched a blistering attack on GOP presidential nominee Donald Trump, comparing him to a “pedophile” and wavering voters consid
Union Secretary of Sports Rajiv Yadav today said the Rs 200-crore special package announced under the Prime Minister's Development Package for Jammu and Kashmir will boost the sports infrastructure of
At least 21 terrorists were killed today in army raids on militant hideouts in Egypt's North Sinai while a roadside bomb claimed the lives of two policemen in the restive governorate. Military spokes
Fifty-three were killed and over 300 injured when a packed Cameroon passenger train derailed today while travelling between the capital Yaounde and the economic hub Douala, state broadcaster Crtv said
The "Jungle" migrant camp on France's northern coast will be cleared of its residents on Monday before being demolished, authorities said today. The local administration "made a legal order Friday th
Donald Trump made First Lady Michelle Obama a public target of his anger for the first time today in the final weeks of the presidential race, attacking her for comments she once made about Hillary Cl
NEW YORK (Reuters) - The dollar rose to its highest since early February against a basket of currencies on Friday as investors increased bets on higher U.S. interest rates, while a measure of world st
Jihadists staged brazen attacks on the Iraqi city of Kirkuk today, killing at least 22 people, in what appeared to be an attempt to divert attention from the huge offensive against their Mosul bastion
Stocks are closing mostly lower on Wall Street, led by declines in phone companies, healthcare and energy stocks. Verizon fell 2% on Friday, the biggest drop in the Dow Jones industrial average. A
One judge has thrown out another judge’s lawsuit against the Hinds County Board of Supervisors.              
As the agreement effectively died, it underscored the extent to which trade has become politically radioactive around much of the globe.
District administration today seized around 6,000 kg of Bengali rasgulla allegedly being prepared with adulterated milk and harmful chemicals following a raid on six workshops, running in rooms of a s
Ahead of the mega inaugural function planned for the state's 'Swarna Jayanti' (golden jubilee) celebrations on November 1, the Haryana government today said it has got the photography of prominent are
Highlights at the close Friday at world financial market trading. Stocks: S&P/TSX Composite Index _ 14,939.04, up 91.12 points Dow _ 18,145.71, down 16.64 points S&P 500 _ 2,141.16, down 0.18 of a
The Canadian dollar ended the day at 75.04 cents US, down 0.59 of a cent from Thursday's close. The U.S. dollar closed at C$1.3327, up 1.05 cents. Pound sterling was C$1.6290, up 0.94 of a cent and
Schoolteachers and others who pursue careers of service in exchange for modest paychecks get lightly regulated retirement plans that often charge excessive fees.

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