Business
Indonesia’s rupiah hits record low on central bank independence worries
Indonesia’s rupiah hit a record low against the dollar on Tuesday as investors fretted about the country’s central bank independence after…
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Bank
Business
India needs ‘eight to 10’ large banks, Axis Bank CEO says
The country currently has 12 state-run banks and 21 large and mid-sized private banks India will need “at least eight to 10” large banks…
Business
India’s central bank proposes linking Brics’ digital currencies: sources
US President Donald Trump has previously said the bloc alliance is “anti-American” and he threatened to impose tariffs on its members…
Business
Bank of Singapore appoints Collins Chin as global CFO
He takes up the new role after having been the head of investor relations at the bank’s parent, OCBC The Bank of Singapore on Monday (Jan…
Business
JPMorgan confirms Trump assertion that bank CEO Dimon was not offered Fed chair job
JPMorgan CEO Jamie Dimon on Saturday (Jan 17) confirmed he was not asked to be Federal Reserve chair, hours after US President Donald…
Business
Bank of Japan keeps yen watchers on edge for rate-hike clues
Yen weakness and negative real rates risk fuelling inflation, leaving the BOJ behind the curve The upcoming Bank of Japan (BOJ) meeting…
Business
Bank of Japan says sales of its ETF holdings to start next week
The Bank of Japan said it will start selling its holdings of exchange-traded funds on Monday (Jan 19), a project that may take more than a…
Business
Some in Bank of Japan see scope to raise rates sooner than markets expect, sources say
Some Bank of Japan policymakers see scope to raise interest rates sooner than markets expect with April a distinct possibility, as a…
Business
Bank of Japan is said to heighten focus on price impact of weak yen
A fall in the local currency increases inflationary pressures via the higher cost of imports, while it boosts exporters’ profits Bank of…
Business
IMF’s Georgieva says central bank independence critical, backs Powell
International Monetary Fund chief Kristalina Georgieva on Thursday underscored the importance of keeping central banks independent and…
Business
Keppel bags 720 MW power bank for AI data-centre campus near Melbourne
The group is in ‘active discussions with hyperscalers and neoclouds’ on the site’s future capacity Asset manager Keppel on Thursday (Jan…
Business
China’s central bank cuts structural interest rates to boost targeted lending
The moves signal targeted adjustments to bolster an economy hit by weak demand and imbalances China’s central bank will lower interest…
Business
Bank of Korea stands pat as board wary of weak won, property market rally
South Korea’s central bank left its benchmark interest rate unchanged in a widely expected move, as authorities monitor the weakening won…
Business
US stocks: Wall Street indexes end lower, led by drop in tech and bank shares
US STOCKS fell on Wednesday, led by a drop in the Nasdaq with technology shares declining as investors moved into more defensive areas,…
Business
Bank of America profit climbs as trading surges in volatile markets
Bank of America’s profit rose, as its traders brought in more revenue from spurred client activity in the fourth quarter due to increased…
Business
Bank of Japan puts self-defence ahead of solidarity with Fed’s Powell
The Bank of Japan’s absence from a list of central banks lining up to support Federal Reserve chair Jerome Powell reflects its aversion to…
Business
Fed’s Barkin says central bank independence means better economic outcomes
RICHMOND Federal Reserve President Tom Barkin on Tuesday declined to comment on “stuff that’s been in the news,” a reference to the Trump…
Business
UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model UBS on Monday (Jan 12)…
Business
Vietnam central bank cuts credit growth target to 15% this year
The new target is lower than the 16% the bank initially set for 2025 before raising it during the year Vietnam’s central bank has cut its…
Business
Philippines central bank sees inflation rising toward target
The Philippines’ central bank will keep weighing a feeble growth outlook against gradually rising inflation to set monetary policy in a…
Business
Thai central bank to expand authority to scrutinise online gold trading
Thailand will expand the authority of its central bank in order to better supervise online gold trading, the bank’s governor Vitai…
Business
Hang Seng Bank shareholders approve HSBC’s US$13.6 billion buyout proposal
Shareholders of Hang Seng Bank on Thursday (Jan 8) voted for a plan floated by its majority owner HSBC to take the bank private, in a…
Business
India’s central bank intervenes again to support rupee, traders say
The Indian central bank was seen back in the foreign exchange market on Thursday, selling dollars through state-run banks to reinforce…
Business
Trump-linked World Liberty Financial seeks license to launch trust bank
The company says that it plans to allow conversion services between US dollars and USD1 without fees at launch World Liberty Financial, a…