State Bank of India Chairperson Rajnish Kumar said the huge loss incurred in the October-December 2017 period was the result of changes in the return to investors on bonds, due to which it had to provide Rs 3,400 crore as losses in the financial statement.
The rate had been at an historic low of 0.25 percent, set in August 2016 to counter anticipated headwinds from the Brexit vote, but the bank raised it by 25 basis points in November. The BoE also ramped up its outlook for the British economy, despite persistent uncertainty surrounding Brexit. "The Fed is leading the way followed by the Bank of England and European Central Bank".
U.S. crude - West Texas Intermediate - is off 1.57% to US$60.83 a barrel. Analysts cited higher Treasury bond yields as the catalyst for the drop, coupled with the view that the market surged to unsustainably high levels in December and January in the euphoria over U.S.
Dec 2017 US-based brand Amy's Kitchen launched frozen pizza rolls - and they are suitable for vegans. Dominos allows you to choose two menu items for $5.99 each. Available nationwide, prices start at $8.99. Papa John's: 25 percent off any regularly priced pizza. Earn free pizza through the Papa Rewards program .
The pound surged after the report - up 0.8 per cent against the United States dollar to 1.399 and 1 per cent higher against the euro at 1.143. Around 8.1 million United Kingdom households have a mortgage, and of those nearly half are on either a standard variable rate or a tracker rate.
Ford makes a wide variety of Transit vans, but perhaps its most interesting variant is the Transit Connect Wagon , a sort-of minivan that doesn't shy away from its cargo-van roots. But the 1.5-liter diesel engine in the Transit Connect Van will join the 2-liter diesel engine in the yet to appear Ford Ranger and a 3.0-liter diesel in the Ford F-150 that will be available later this year.