Business
JPMorgan confirms Trump assertion that bank CEO Dimon was not offered Fed chair job
JPMorgan CEO Jamie Dimon on Saturday (Jan 17) confirmed he was not asked to be Federal Reserve chair, hours after US President Donald…
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Bank
Business
Bank of Japan keeps yen watchers on edge for rate-hike clues
Yen weakness and negative real rates risk fuelling inflation, leaving the BOJ behind the curve The upcoming Bank of Japan (BOJ) meeting…
Business
Bank of Japan says sales of its ETF holdings to start next week
The Bank of Japan said it will start selling its holdings of exchange-traded funds on Monday (Jan 19), a project that may take more than a…
Business
Some in Bank of Japan see scope to raise rates sooner than markets expect, sources say
Some Bank of Japan policymakers see scope to raise interest rates sooner than markets expect with April a distinct possibility, as a…
Business
Bank of Japan is said to heighten focus on price impact of weak yen
Bank of Japan (BOJ) officials are paying increasing attention to the yen’s potential impact on inflation, with possible implications for…
Business
IMF’s Georgieva says central bank independence critical, backs Powell
International Monetary Fund chief Kristalina Georgieva on Thursday underscored the importance of keeping central banks independent and…
Business
Keppel bags 720 MW power bank for AI data centre campus near Melbourne
The group is in ‘active discussions with hyperscalers and neoclouds’ on the site’s future capacity Asset manager Keppel on Thursday (Jan…
Business
China’s central bank cuts structural interest rates to boost targeted lending
The moves signal targeted adjustments to bolster an economy hit by weak demand and imbalances China’s central bank will lower interest…
Business
Bank of Korea stands pat as board wary of weak won, property market rally
South Korea’s central bank left its benchmark interest rate unchanged in a widely expected move, as authorities monitor the weakening won…
Business
Bank of America profit climbs as trading surges in volatile markets
Bank of America’s profit rose, as its traders brought in more revenue from spurred client activity in the fourth quarter due to increased…
Business
Bank of Japan puts self-defence ahead of solidarity with Fed’s Powell
The Bank of Japan’s absence from a list of central banks lining up to support Federal Reserve chair Jerome Powell reflects its aversion to…
Business
Fed’s Barkin says central bank independence means better economic outcomes
RICHMOND Federal Reserve President Tom Barkin on Tuesday declined to comment on “stuff that’s been in the news,” a reference to the Trump…
Business
Thousands of Monzo bank customers report app outage
Thousands of Monzo customers have reported having difficulties accessing the bank's mobile app. Platform outage monitor Downdetector saw…
Business
Global Central Bank Leaders Defend Jerome Powell After Trump Attack
Nationwide protests took place over the weekend after Agent Jonathan Ross shot and killed Renee Nicole Good Wednesday. More than 1,000…
Business
Jerome Powell: World central bank chiefs declare support for US Fed chair
Central banks across the world have joined together to declare that they stand in "full solidarity" with the Federal Reserve's chair after…
Business
UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model UBS on Monday (Jan 12)…
Business
Philippines central bank sees inflation rising toward target
The Philippines’ central bank will keep weighing a feeble growth outlook against gradually rising inflation to set monetary policy in a…
Business
Thai central bank to expand authority to scrutinise online gold trading
Thailand will expand the authority of its central bank in order to better supervise online gold trading, the bank’s governor Vitai…
Business
Hang Seng Bank shareholders approve HSBC’s US$13.6 billion buyout proposal
Hong Kong’s high court will decide in a hearing on Jan 23 whether the take-private plan can be executed Hang Seng Bank shareholders on…
Business
India’s central bank intervenes again to support rupee, traders say
The Indian central bank was seen back in the foreign exchange market on Thursday, selling dollars through state-run banks to reinforce…
Business
Trump-linked World Liberty Financial seeks license to launch trust bank
The company says that it plans to allow conversion services between US dollars and USD1 without fees at launch World Liberty Financial, a…
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…
Business
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
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…