Business
Europe: Shares recover as easing US bank jitters drive risk appetite
EUROPEAN shares closed higher on Monday, as initial concerns over the stability of the US banking sector eased, while fresh comments from…
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Emirates NBD plans to invest US$3 billion in India’s RBL Bank
Emirates NBD bank will invest as much as US$3.1 billion in India’s RBL Bank in the biggest foreign investments in the country’s financial…
Business
Europe: Stocks fall as US bank jitters spark flight to safety
European shares fell on Friday (Oct 17), as signs of credit stress at US regional lenders unnerved investors and drove them into…
Business
MAS launches initiative to enable settlement of tokenised bank liabilities, well-regulated stablecoins
The BLOOM initivate builds upon the authority’s earlier efforts under Project Orchid The Monetary Authority of Singapore (MAS) on Thursday…
Business
Bank of Japan chief signals need for more data in deciding October move
Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will scrutinise various data, including information he collects during…
Business
Malaysia central bank says it will transition to transaction-based benchmark market rates
Malaysia’s central bank said on Thursday that it will transition from the Kuala Lumpur Interbank Offered Rate (KLIBOR) to the Malaysia…
Business
US: S&P 500 ends higher after strong bank earnings, chip stocks rally
THE S&P 500 ended higher on Wednesday, with Morgan Stanley and Bank of America rallying after solid quarterly results, while investors…
Business
Bank of England will lift stablecoin limits once threat to economy eases
The remarks represent a major softening in the BOE’s approach after experts raised concerns that proposed limits on holdings would hinder…
Business
US: Wall St opens higher on positive bank results, chip stocks' rally
Wall Street’s main indexes opened higher on Wednesday (Oct 15), boosted by solid results from major banks, while chipmakers rallied after…
Business
Bank of America beats profit estimates on dealmaking strength
It reported a net income of US$8.5 billion, or US$1.06 per share, in the three months ended Sep 30 Bank of America beat Wall Street…
Business
Singapore shares edge higher as bank stocks lift STI 0.3%
Shares on the Singapore bourse edged up on Wednesday (Oct 15), as the three local banks all finished the trading day higher. The benchmark…
Business
Indian central bank is said to resume FX swaps to aid liquidity
The move highlights the RBI’s effort to balance growth with currency stability as India faces the highest US tariffs in Asia India’s…
Business
Trust Bank to launch US equities trading function within its mobile app
Digital lender Trust Bank will launch a trading platform for US stocks and exchange-traded funds, with a wait-list opening on Wednesday…
Business
Wall St opens lower on US-China tensions; bank results pour in
Wall Street’s main indexes opened lower on Tuesday (Oct 14) with renewed trade tensions between US and China souring sentiment, while…
Business
Australia central bank to be cautious, data dependent on future policy
Australia’s central bank saw no need for an immediate cut in interest rates at its September policy meeting, given some stickiness in…
Business
Bank Indonesia’s heavy bond buying to continue, analysts say
Banks own around 22 per cent of all government bonds in the country, according to finance ministry data Indonesia’s central bank will buy…
Business
Letitia James: NY Attorney General Who Was Indicted on Bank Fraud Charges Listed Her Virginia Home as 'Investment Property', Filings Show
New York Attorney General Letitia James, who has been indicted, reportedly listed her Virginia home as an "investment" property in…
Business
Digital euro could drain up to 700 billion euros of deposits in bank run, ECB says
The ECB has presented the digital currency as an alternative to US-dominated means of payment A digital euro could drain up to 700 billion…
Business
Thai central bank worried over disconnect as global markets soar
The disconnect between the real economy and record-high financial markets worldwide is worrying, according to the Bank of Thailand (BOT),…
Business
Central banks seen holding Bitcoin, gold as key reserves by 2030, Deutsche Bank says
Central banks may hold significant amounts of Bitcoin and gold by 2030, thanks to growing institutional popularity and a weakening US…
Business
Bank of Singapore’s new AI tool does in one hour what used to take 10 days
Besides being a time saver, the tool cuts down on human error from examining documents on clients’ employment, business and investment…
Business
Ex-CIMB Singapore chief Victor Lee to join Security Bank in the Philippines as CEO
Victor Lee, the former chief executive officer of CIMB Singapore, has been appointed president and CEO of the Philippine-listed Security…
Business
Philippine central bank unexpectedly cuts rates as graft scandal hits confidence
The BSP reduces the overnight target reverse repurchase rate by 25 basis points to 4.75% The Philippine central bank unexpectedly cut the…
Business
Indian central bank steps up offshore FX defence to shield rupee
The local currency’s one-month volatility against the US dollar has fallen sharply this month India’s central bank has ramped up its…