Financial Academy

Warehousing sector regulator, the Warehousing Development and

Shipping sector users can now make payments to various stakeholders through a common platform which will remove dependency on bank-specific solutions. The Shipping Ministry will issue a notification soon to make this mandatory. This will lower the cost of transaction and drop the dwell time and also improve the ease of doing business.

The Indian Ports Association (IPA) has launched the Port Community System ‘PCS1x’.

A major feature is the deployment of a payment aggre...

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Deutsche Bank’s supervisory board will discuss extending the contracts of its investment bank boss Garth Richie and a small number of other senior executives at its October meeting, a spokesperson told the Financial Times.

German media reported earlier that Mr Ritchie’s contract, which is due to expire at the end of the year, had not yet been renewed. Mr Ritchie considered his future at the bank earlier this year, around the same time as chief executive John Cryan stepped d...

President Donald Trump on Friday declared a national emergency to gain access to roughly $8 billion to fund a border wall.

Before Trump's announcement in the Rose Garden, a senior administration official explained that the money will be pulled from the following areas:

• $1.375 billion from the Homeland Security appropriations bill
• $600 mill...