Morgan Stanley, JPMorgan lead US$16.5 billion bank borrowing spree
Morgan Stanley and rival JPMorgan Chase are raising a combined US$14 billion in the US investment-grade market, the first of the six biggest banks on Wall Street to tap primary debt…
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Bank
Bank of England may need to pause rate cuts, ex-officials warn
BANK of England (BOE) governor Andrew Bailey thinks a renewed bout of inflation is nothing to worry about. Former policymakers are less convinced and say the central bank may need to pause…
China’s central bank, regulators hold symposium on support for private companies
CHINA’S central bank and financial regulators held a symposium with private enterprises and financial institutions, vowing to increase lending to private enterprises and expand their…
Bank of Japan vows to keep tapering bond buying despite rise in yields
THE Bank of Japan (BOJ) will keep tapering its government bond purchases despite recent rises in yields, deputy governor Shinichi Uchida said on Friday (Feb 28), stressing its huge bond…
GuocoLand inks MOU to jointly develop UEM Sunrise’s land bank in Iskandar Puteri
GUOCOLAND will partner Malaysia’s UEM Sunrise to develop selected freehold land parcels in Iskandar Puteri, within the Johor-Singapore Special Economic Zone (JS-SEZ). This is under a…
China to start bank recapitalisation with at least 400 billion yuan
CHINA plans to start re-capitalising several of its biggest banks in coming months, according to people familiar with the matter, following through on a broad stimulus package unveiled…
Bank of Korea signals more rate cuts as Trump’s tariffs take shape
BANK of Korea (BOK) governor Rhee Chang-yong signalled more policy easing to come this year as the central bank cut its benchmark interest rate to support an economy jolted by political…
Trust Bank hits one million customers, launches investment products
SINGAPORE digital bank Trust Bank has hit the one-million-customer milestone, making up about 20 per cent of the adult population in the city-state. It crossed the milestone in February,…
Bank of Japan’s hawkish stance seen boosting demand for US corporate bonds
INTEREST rate hikes from the Bank of Japan (BOJ) should help cut currency protection costs for Japanese investors, spurring their appetite for US investment-grade corporate bonds,…
BlackRock, FDIC seek to end regulatory row over bank stakes
The FDIC wants disclosures on any potential effort by large asset managers to sway banks where they have sizeable stakes BLACKROCK and the Federal Deposit Insurance Corporation (FDIC) are…
$143 for a dozen roses, a 20% markup on chocolate: Why this Valentine’s Day could break the bank
The cost of Valentine’s Day may be a lot higher this year compared to last year. You’ve probably heard the price of eggs has skyrocketed, but if you haven’t already started shopping for…
China’s central bank maintains gold buying momentum in January
CHINA’S central bank added gold to its reserves in January for a third month, official data by the People’s Bank of China (PBOC) showed on Friday (Feb 7). China’s gold reserves were 73.45…
Seven & i consortium said to tap Bank of America, Citi for financing
THE consortium proposing to take Seven & i Holdings private has tapped Citigroup and Bank of America (BOA) for financing, adding to a growing group of players in the potentially…
Philippine central bank to take ‘measured approach’ in easing as inflation steadies
THE Philippine central bank will take a “measured approach” in easing policy rates, it said on Wednesday (Feb 5), as annual inflation held steady at 2.9 per cent in January, staying within…
Bank of Japan’s rate likely to go higher than consensus, ex-official says
THE Bank of Japan (BOJ) is likely to keep raising its benchmark rate to a level exceeding the current market consensus, and there’s a chance two more moves could come this year on top of…
Bank of Japan debated weak-yen risk, scope for more rate hikes at January meeting, summary shows
BANK of Japan (BOJ) policymakers discussed the likelihood of raising interest rates further with some warning of upside inflation risks and the damage a weak yen could inflict on the…
Palestinian agency: Youth, 16, killed in Israeli W Bank drone attack
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting mistakes helps us improve the experience.Generate Key…
India central bank injects US$5.10 billion via FX swap to ease cash crunch
INDIA’S central bank injected US$5.10 billion through a foreign-exchange swap auction, using the tool for the first time in five years to ease a severe cash crunch plaguing the financial…
Several people killed in exchanges of fire in the West Bank
Two Palestinians were killed in Jenin, in the northern West Bank, in an exchange of fire with Israeli forces, according to Palestinian reports on Thursday. The Israeli army meanwhile said…
Hong Kong central bank keeps base rate unchanged as Fed holds steady
THE Hong Kong Monetary Authority (HKMA) left its base rate unchanged at 4.75 per cent on Thursday (Jan 30), tracking a move by the US Federal Reserve to keep rates steady. Hong Kong’s…
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 16.7 per cent to 19.4 per cent, it announced in a…
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 JORDAN) Spain's Banco Sabadell approved Wednesday…
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 part of the Gaza ceasefire and hostage release deal.…
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 investors cheered a strong batch of quarterly results…