Business
DBS raises stake in Shenzhen Rural Commercial Bank
SINGAPORE’S largest lender DBS Bank has acquired an additional stake in Shenzhen Rural Commercial Bank (SRCB), increasing its stake from…
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Bank
Business
Philippine peso may test record low as central bank cuts rates
THE Philippine peso is veering towards an all-time low as the nation’s central bank plans to cut interest rates further in the face of…
Politics
200 Palestinian prisoners released to jubilant scenes in West Bank
A total of 200 Palestinian prisoners have been released to jubilant scenes in the West Bank after Israel freed them in exchange for four…
Business
Jack Ma-backed Ant Group unit’s Anext Bank appoints CEO designate
Digital wholesale bank Anext Bank, a wholly owned subsidiary of Jack Ma-backed Ant Group’s overseas unit Ant International, welcomed a new…
Business
Jack Ma-backed Ant Group unit Anext Bank appoints CEO-designate
Digital wholesale bank Anext Bank, a wholly owned subsidiary of Jack Ma-backed Ant Group’s overseas unit Ant International, welcomed a new…
Politics
Trump Lashes Out at Bank of America Over Treatment of Conservatives
President Trump took an unexpected swipe on Thursday at the big banks that have cheered his return to office, as he raised longstanding…
Business
Spain's Sabadell bank to move HQ back to Catalonia
Sabadell was one of some 7,000 firms to move its headquarters out of Catalonia druing the region's failed 2017 independence bid (JOSE…
Business
Bank of Korea cuts growth view on political instability, Trump impact
THE Bank of Korea (BOK) cut its growth forecast for this year as the political turmoil triggered by President Yoon Suk-yeol’s short-lived…
News
Israeli soldier killed by West Bank roadside bomb
An Israeli soldier died and an officer was seriously injured overnight when their jeep detonated a bomb planted at the roadside in the…
Business
Thailand hunts for central bank chief with ‘modern ideas’
THAILAND has started the search for a new central bank governor with “modern ideas” who can work closely with the state, as the…
Politics
Palestinians in West Bank wait anxiously for prisoners to be released
The families of 90 Palestinian prisoners are waiting anxiously in the occupied West Bank for them to be released from Israeli jails as…
Business
Surprise Asian central bank moves show impact of US dollar rampage
A SURPRISE interest-rate cut in Indonesia and signs the Reserve Bank of India may be willing to loosen its tight grip on the rupee may be…
Business
Alliance Bank Malaysia’s top shareholder Vertical Theme said to be mulling sale to DBS
INVESTMENT management firm Vertical Theme is planning to seek approval in the coming weeks to start talks about selling its stake in…
Business
US: Wall St opens higher after inflation data, strong bank earnings
Wall Street’s main indexes opened higher on Wednesday (Jan 15), as data showed core inflation rose less than expected in December and…
Politics
Cookies, Cocktails and Mushrooms on the Menu as Supreme Court Hears Bank Fraud Case
In a lively Supreme Court argument on Tuesday that included references to cookies, cocktails and toxic mushrooms, the justices tried to…
Business
China’s central bank chief vows to supply ample liquidity
CHINA’S central bank chief said on Monday (Jan 13) the government will support moderately loose monetary policy to maintain ample…
Business
BlackRock faces new deadline from US regulator over bank stakes
BLACKROCK is facing a new demand from a top US regulator over its stakes in banks after the asset manager failed to meet a January…
Business
China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy
In a striking sign of the Chinese economy’s stagnation, the central bank said on Friday that it had temporarily stopped buying government…
News
Israeli drone strike in West Bank kills two children, Palestinians say
Two children were among three Palestinians from the same extended family killed in an Israeli drone strike in the occupied West Bank on…
Business
Thai central bank rebuffs demand for steps to boost inflation
THAILAND’S central bank is comfortable with the outlook for subdued inflation as it focuses the monetary policy to ensure financial…
Business
JPMorgan quits climate finance group, following Citi, Bank of America
JPMORGAN Chase just became the last of Wall Street’s biggest banks to abandon the industry’s largest climate-finance alliance. The No 1 US…
News
Israeli airstrike targets armed group in West Bank
The Israeli military said early on Tuesday its Air Force attacked a group of armed "terrorists" in the West Bank. A fighter jet targeted…
Business
Fed’s Vice Chair to Step Down From Role as Top Bank Supervisor
Michael Barr will step down from his role as the Federal Reserve’s vice chair for supervision by Feb. 28, or sooner if President-elect…
Business
Thai central bank says interest rate hold was robust policy amid uncertainty
THAILAND’S central bank said on Monday (Jan 6) that a decision to hold the key interest rate steady last month was a robust policy as the…