Business
Chinese AI server leader xFusion hires investment bank in first step towards listing
The Chinese authorities have fast-tracked IPOs in the AI and chipmaking sectors due to US’ curbs on high-tech exports China’s leading…
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Cathay United Bank grants Marco Polo Marine unit long-tenor facility for NT$4.7 billion research vessel project
The group previously said it would finance the project through internal cashflows and not require any project-specific debt Marco Polo…
Business
China’s central bank pledges to cut RRR, interest rate in 2026
The central bank will make flexible and efficient use of multiple monetary policy China’s central bank said on Tuesday (Jan 6) it will cut…
Business
Singapore: 41-Year-Old Caregiver Admits to Stealing from Elderly Patients, took S$10,000 Using Bank Card
A 41-year-old professional caregiver admitted in court on Monday, December 29, to stealing from two elderly men under his care, including…
Business
Bank of America chief sees economic strength ahead, even as consumer confidence slumps
Bank of America CEO Brian Moynihan says he's feeling good about where the U.S. economy is headed -- even if consumers don't quite feel the…
Business
South Korea central bank to assess incoming data to decide whether and when to lower rates
South Korea’s central bank will decide whether and when to implement any further interest rate cuts next year based on a comprehensive…
Business
Australia central bank saw risk of rate rise in 2026 to contain inflation
Core inflation rose to 3.3 per cent in October, taking it further above the RBA’s target band of 2 per cent to 3 per cent Australia’s…
Business
HSBC hires ex-Citi executive Ida Liu to lead its private bank
HSBC Holdings has hired former Citigroup executive Ida Liu to run its global private banking business, according to people familiar with…
Business
Bank of Japan hikes interest rates to 30-year-high of 0.75%
THE Bank of Japan on Friday hiked interest rates to 0.75 per cent, marking the first increase since January and its highest level in 30…
Business
Bank of Japan raises interest rates to 30-year high, signals more hikes
The Bank of Japan (BOJ) raised interest rates on Friday (Dec 19) to levels unseen in three decades and signalled its readiness for further…
Business
Bank of England lowers rates after tight vote but signals caution about further cuts
Five MPC members vote to lower the benchmark rate for the fourth time in 2025 to 3.75% The Bank of England (BOE) cut interest rates on…
Business
Thai central bank proposes controls on gold trade, ready to cut rates further
The Thai central bank is calling on the finance ministry to control gold trading after a surge in transactions helped drive up the value…
Business
OCBC users hit by short-lived mobile and online log-in error; bank says issue resolved
OCBC digital users are now able to access mobile and online banking services, following a short-lived outage on Thursday (Dec 18) morning.…
Business
South Korea central bank sees upside inflation risk with a weaker won
South Korea’s central bank said on Wednesday (Dec 17) that headline inflation in 2026 could exceed earlier forecasts, if the won stays at…
Business
Thai central bank cuts policy rate by 25 bps, as expected
The reduction is the fifth since October 2024, with rates down by a total of 125 basis points Thailand’s central bank cut its key interest…
Business
Bank Indonesia keeps rates steady, focuses on rupiah stability
Indonesia’s central bank kept its policy rates unchanged for a third straight policy meeting on Wednesday, maintaining its focus on…
Business
SBI Shinsei Bank to debut after second-biggest Japan IPO of 2025
The lender’s listing has boosted the total volume in the country’s IPO market to a seven-year high SBI Shinsei Bank will start trading in…
Business
SBI Shinsei Bank soars 11% from IPO price in Tokyo trading debut
The lender’s listing has boosted the total volume in the country’s IPO market to a seven-year high SBI Shinsei Bank surged as much as 11…
Business
RBNZ expects new bank capital requirements to lower rates
The new rules materially reduce requirements compared with decisions made in 2019 New Zealand’s central bank is reducing capital…
Business
Thai central bank is 'taking action' on baht, worried by rapid rise
Thailand’s central bank has taken action to tackle the appreciation of the baht, governor Vitai Ratanakorn said on Tuesday (Dec 16). It is…
Business
PayPal applies to become a bank as us loosens regulatory reins
PayPal Holdings applied to become a bank in the US, looking to take advantage of the Trump administration’s openness to…
Business
German regulator orders oversight, limits on GIC-backed online bank N26
Germany’s financial regulator BaFin on Monday (Dec 15) announced stricter oversight of Berlin-based online bank N26, including limits on…
Business
HSBC’s US$13.6 billion buyout proposal wins Hang Seng Bank board committee’s nod
Debt-laden property developers in Hong Kong and their creditors are set to face intensifying financial pressure next year Hong Kong’s Hang…
Business
‘Not meant to make a big statement’: JPMorgan’s Jamie Dimon on why the bank has shelled out US$4 billion on New York HQ
It’s about the belief in building great spaces for employees in the US, Europe, Asia and elsewhere, says the CEO in exclusive interview…