Business
South Korea central bank to expand forward guidance on policy rate path
The Bank of Korea (BOK) plans to expand its forward guidance scheme by offering a dot plot of the likely path of future interest rates to…
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Bank
Business
UK interest rates held at 4% but Bank warns 'not out of woods' on inflation
Dearbail JordanBusiness reporter UK interest rates have been held at 4% as the Bank of England governor warned "we're not out of the woods…
Business
Hong Kong central bank cuts interest rate, tracking Fed; banks follow
Hong Kong’s central bank on Thursday (Sep 18) lowered its base interest rate by 25 basis points to 4.5 per cent, tracking a cut by the US…
Business
Bank of Japan may raise rates in October even if Takaichi wins leadership race, says ex-central bank official
The Bank of Japan could raise interest rates in October even if Sanae Takaichi, a proponent of aggressive monetary easing, wins the ruling…
Business
Deutsche Bank sees gold at US$4,000 next year on Fed cuts, China
The bank expects the US central bank to cut rates three times by the end of this year Deutsche Bank expects gold to average US$4,000 an…
Business
Bank of Canada cuts rates to 2.5%, says ready to cut again if risks rise
Canada faces tariffs and duties from the US and China, two of its biggest trading partners The Bank of Canada reduced its key policy rate…
Business
Bank of America: Mortgage rates could hit 5.0% under these conditions
Want more housing market stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the ResiClub newsletter. Last week, the average…
Business
Indonesia central bank delivers surprise rate cut to boost growth
Indonesia’s central bank delivered another surprise interest rate cut on Wednesday (Sep 17), its sixth cut since it kicked off an easing…
Business
Indonesia weighs new central bank mandate; rupiah weakens
INDONESIAN lawmakers are weighing changes at the central bank that include a broader mandate and a lower bar for removing senior…
Lifestyle
4 wearable fitness trackers that won’t break the bank
Just checking in on everyone’s New Year’s resolution to get fit. Are we still doing this, or what? Whatever your answer, a good fitness…
Business
European Central Bank holds interest rates amid Trump’s tariffs
The European Central Bank left interest rates unchanged Thursday with inflation back under control and the economy weathering Trump’s…
Business
Veteran banker sees Bank Negara keeping rates unchanged
A veteran banker who led a Malaysian lender to record profit says that the South-east Asian country can hold off on further cutting…
Business
UOB Private Bank the first to distribute Asia-focused private equity evergreen fund
The move caters to rising demand from rich investors for private assets that offer a measure of liquidity UOB, South-east Asia’s…
Business
Bank of Japan watchers expect hike by January with 36% touting October
The central bank will kick off its September meeting shortly after the US Federal Reserve is expected to cut its policy rate Most Bank of…
Business
Deutsche Bank hires trio for Asia Pacific credit trading, sales
Deutsche Bank hired three for its Asia Pacific credit trading and sales desk, underscoring high demand for staff, as finance professionals…
Business
NAB to cut 410 support roles, shift some bank work to India
Australian lenders are slashing headcount as falling benchmark interest rates put pressure on margins National Australia Bank (NAB), the…
Business
Bank Indonesia, government allay concerns that 'burden sharing' deal will reduce independence
The deal has “the potential to damage BI’s reputation as an independent institution” Indonesia’s government and central bank sought to…
Business
Bank of America sees two US Fed rate cuts this year vs none before
Economists at Bank of America forecast two US Federal Reserve interest-rate cuts this year, in September and December, based on weak…
News
Trump’s Fed pick plans to keep White House job while at central bank
DONALD Trump’s pick to join the Federal Reserve’s board of governors said on Thursday that he plans to take a leave of absence from his…
Business
BlackRock to run US$80 billion for Citi as bank refocuses wealth unit
The move highlights a growing trend among big banks to partner with specialist asset managers Citigroup said on Thursday (Sep 4) it will…
Business
HSBC names Maggie Ng as Hong Kong CEO, predecessor to lead Hang Seng Bank
Asia-focused lender HSBC on Thursday (Sep 4) picked insider Maggie Ng as the chief executive of its Hong Kong arm, succeeding Luanne Lim…
Business
Malaysia's central bank holds key rate at 2.75%
Bank Negara Malaysia said its monetary policy stance was “appropriate and supportive of the economy amid price stability” — Malaysia’s…
Business
Malaysia’s central bank pauses rate cuts, signals confidence in economic outlook
Bank Negara Malaysia left its benchmark interest rate unchanged at 2.75 per cent on Thursday (Sep 4), noting that the global economy is…
Business
Bank Indonesia to raise interest paid on government deposits under ‘burden sharing’ deal
Indonesia’s central bank said it had agreed on a “burden sharing” arrangement with the government where it will raise the interest rates…