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The Bank of Japan (BOJ) raised interest rates on Friday (Dec 19) to levels unseen in three decades and signalled its readiness for further hikes, taking another landmark step in ending…
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 Thursday (Dec 18) after a narrow vote by policymakers…
The Thai central bank is calling on the finance ministry to control gold trading after a surge in transactions helped drive up the value of the baht, its governor Vital Ratanakorn said on…
OCBC digital users are now able to access mobile and online banking services, following a short-lived outage on Thursday (Dec 18) morning. About 1,000 outage reports were lodged on…
South Korea’s central bank said on Wednesday (Dec 17) that headline inflation in 2026 could exceed earlier forecasts, if the won stays at its current level against the dollar. “If the…
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 rate on Wednesday (Dec 17), as widely expected,…
The bank also leaves its deposit and lending rates unchanged at 3.75% and 5.50%, respectively Indonesia’s central bank held its policy rates unchanged for a third straight meeting on…
Thailand’s central bank has taken action to tackle the appreciation of the baht, governor Vitai Ratanakorn said on Tuesday (Dec 16). It is worried about the currency’s rapid rise and is…
The application comes on the heels of a number of cryptocurrency firms gaining preliminary regulatory approval to become banks last week PayPal Holdings applied to become a bank in the US,…
Germany’s financial regulator BaFin on Monday (Dec 15) announced stricter oversight of Berlin-based online bank N26, including limits on new business in the Netherlands and the instalment…
Debt-laden property developers in Hong Kong and their creditors are set to face intensifying financial pressure next year Hong Kong’s Hang Seng Bank said on Monday (Dec 15) that an…
It’s about the belief in building great spaces for employees in the US, Europe, Asia and elsewhere, says the CEO in exclusive interview with BT What does a “workplace of the future” look…
We've sourced the best affordable luxury gifts for everyone on your list, whether they're a homebody who lives in waffle robes and cozy slippers, fashion lover who fancies statement…
A NEW player has emerged in the boardrooms of China’s major banks: the “Big Four” state-owned asset management companies (AMCs) created to clean up the bad debts of four state-owned…
PHILIPPINE central bank Governor Eli Remolona said monetary authorities may cut the benchmark interest rate one more time in the current easing cycle with the economic recovery likely to…
The outcome shows the central bank setting a higher bar for moving negative than for a standard rate cut The Swiss National Bank kept its interest rate at zero, judging that a weakened…
The recent rises are due to investors taking a wait-and-see approach on uncertainty over how far the BOJ can eventually raise rates The Bank of Japan (BOJ) sees a limited need for…
Bank of America CEO Brian Moynihan said on Wednesday he expects revenue from the bank’s markets business to rise between a high single-digit percentage and 10 per cent in the fourth…
It has bought two fintechs this year, bringing its total to seven and giving it more than 200 employees across 11 locations globally Barclays is buying a stake in a British-Danish fintech…
New Zealand’s top central banker said on Wednesday that there was no preset course for monetary policy and that adjustments would be made if the outlook for inflation changed. Reserve Bank…
Critics say such changes have made the traditional financial sector and the loosely-regulated and volatile world of cryptocurrencies more interconnected Banks will be allowed to act as…
The mood among consumers, long stuck in the doldrums, has turned positive in a boost to the outlook for household spending Australia’s central bank on Tuesday (Dec 9) left its cash rate…
Bond yields spike to a 13-month high after governor Bullock says that price risks have ‘tilted to the upside’ Australia’s central bank governor Michele Bullock called an end to a truncated…
The Bank of England is planning to reduce head count as its finances become strained by the cost of the modernisations recommended by Ben Bernanke. The UK central bank has invited staff…
