Business
Wall Street bonus pool to grow as bank revenue boosted by rally
The outlook for Wall Street bonuses is improving, with payouts now set to rise across most sectors of the finance industry as the market…
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Some in Bank of Japan saw scope to hike rates if trade friction eases, June minutes show
Some Bank of Japan policymakers saw scope to resume interest rate increases once trade friction caused by US tariffs eased, minutes of the…
Business
Bank of England rate cuts deliver £11 billion hit to households
Exactly one year since the Bank of England (BOE) started to cut interest rates, the pressure on households from the highest borrowing…
Business
Bank of Japan offers cautiously upbeat view, keeps rates steady
The Bank of Japan kept interest rates steady on Thursday and offered a cautiously optimistic view on the economic outlook, after Tokyo’s…
Business
Bank of Japan turns less gloomy on economy, keeps rate-hike chance alive
The Bank of Japan (BOJ) revised up its inflation forecasts on Thursday (Jul 31) and offered a less gloomy outlook on the economy than…
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Australia’s central bank welcomes Q2 inflation data, deputy governor says
Australia’s second-quarter inflation data was very welcomed and came in as just the central bank expected, a top official said on…
Business
Bank of Japan to hold rate steady with likely upgrade to price view
The Bank of Japan (BOJ) is expected to keep its benchmark interest rate steady and boost its inflation outlook on Thursday (Jul 31), as…
Business
Australia’s green bank makes record A$3.5b in clean energy investments
Australia’s green bank on Monday (Jul 28) said that it invested a record A$3.5 billion (S$2.9 billion) in clean energy projects and grid…
Business
Global Stocks Dip Ahead of Trump's Tariff Deadline and Key Central Bank Decisions
Investors around the world retreated from the stock market on Friday to lock in profits after a strong week. The MSCI global stock index…
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Trump, Fed chief Powell bicker during tense central bank visit
Donald Trump and US Federal Reserve chairman Jerome Powell appeared together for a tense meeting on Thursday as the president toured the…
Business
Deutsche Bank posts better-than-expected Q2 profit
Deutsche Bank returned to a better-than-expected profit in the second quarter from a year ago despite mixed results at its global…
Business
Deutsche Bank beats profit expectations despite deal slump, strong euro
Deutsche Bank returned to a better-than-expected profit in the second quarter from a loss a year ago as trading earnings helped offset…
Business
Bank of Japan watchers still predict next rate hike in October or January
Bank of Japan (BOJ) watchers increasingly expect authorities to raise the benchmark interest rate either in October or January, according…
Business
Bank of America to buy back US$40 billion of shares in new programme
The announcement follows buyback plans from some of the biggest US banks after they passed this year’s US Federal Reserve stress tests…
Business
PNC taps Coinbase to create crypto trading offering for bank customers
The banking industry has fiercely resisted accusations that it denies services based on ideological reasons Bank is working with…
Business
Thai Cabinet approves Vitai Ratanakorn as next central bank chief
Thailand’s cabinet on Tuesday (Jul 22) gave its approval for Vitai Ratanakorn to be the next governor of the Bank of Thailand, a…
Business
Instead of being a universal bank across Asean, CIMB wants to have niche in each market: group CEO
CIMB wants to find its niche in each of the markets it operates in, instead of trying to serve every customer segment across Asean, said…
Business
Instead of being a universal bank across Asean, CIMB wants to have a niche in each market, says group CEO
CIMB wants to find its niche in each of the markets it is in, instead of trying to serve every customer segment across Asean, said group…
Business
Australia central bank wary of cutting rates too quickly, prudent to await more data
Australia’s central bank judged lowering interest rates for a third time within four meetings was not consistent with its strategy of…
Business
Bank of England considers shelving plans for a digital pound
Bank of England (BOE) officials are mulling whether to set aside plans to create a digital pound for households amid growing scepticism…
Business
Deutsche Bank sees 30-year yield up by half point on Powell exit
The potential ouster of Federal Reserve chair Jerome Powell by US President Donald Trump would drive the 30-year Treasury yield higher by…
Business
Gold steady as investors await US trade updates, central bank meetings
GOLD prices were little changed on Monday as investors monitored developments in US trade talks and awaited potential market-moving…
Business
Asset manager IPCG accuses Deutsche Bank of breaching agreement, files lawsuit
Asset manager Invest Partners Capital Group (IPCG) is suing Deutsche Bank for allegedly breaching a contractual agreement governing their…
Business
IPCG accuses Deutsche Bank of breaching agreement, files lawsuit
Asset manager Invest Partners Capital Group (IPCG) is suing Deutsche Bank for allegedly breaching a contractual agreement governing their…