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…
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Banks
Business
China banks amped up 72 trillion yuan bond bet just as market peaked
It comes at a risky time as the nation’s bond market is about to wipe out this year’s advance Just as China’s long bull run for bonds is…
Business
Big US banks lower prime lending rates after Fed rate cut
MAJOR US lenders lowered a key interest rate on Wednesday, providing US consumers a reprieve on borrowing costs, after the Federal Reserve…
Business
Europe: Stoxx 600 hits one-week low as banks, insurers slide ahead of Fed decision
EUROPEAN shares fell more than 1 per cent at close on Tuesday, weighed down by rate-sensitive sectors, as investors turned cautious in the…
Business
European Shares Slip as Banks, Insurers Fall Ahead of Fed's Rate Decision
European shares fell slightly on Tuesday as cautious sentiment gripped markets ahead of the U.S. Federal Reserve's closely watched policy…
Business
Tencent appoints banks for first bond sale in four years
The company is proposing to sell offshore-yuan denominated notes with five-year, 10-year and 30-year tenors as early as Tuesday Chinese…
Business
China's PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks
China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and…
Business
Prosecution, defence spar over request for evidence on how banks reacted to Hyflux power strategy
A war of words erupted between the prosecution and defence in the Hyflux criminal trial on Sep 3, following a surprise request by Senior…
Business
Singapore key to HSBC’s global wealth strategy, says its bank’s wealth head here
As HSBC undergoes a global overhaul of its operations, Singapore remains a key priority of the bank’s strategy to “future-proof” itself,…
Business
China banks pressured by rising loan losses, low margins
China’s mega banks are under pressure from rising allowances for loan losses and a continued margin erosion in their mission to support…
Business
What’s open and closed on Labor Day 2025? Banks, stock markets, schools, USPS, Costco, FedEx, more
Monday, September 1, 2025, is Labor Day, which is one of 12 official federal holidays in the United States. The day is observed on the…
Business
Europe: Shares post first weekly loss in four as banks weigh
European shares closed lower on Friday (29 Aug), hitting their lowest in over two weeks, weighed down by British banks, while investors…
Business
Chinese banks face profit squeeze as loan growth falters
Top Chinese banks’ first-half results on Friday (Aug 29) will underline the impact of slowing loan growth in a deflationary economy, a…
Business
Russians hoard record US$500 billion in banks lured by high rates
Russian households have amassed a record amount of bank deposits as they take advantage of historically high interest rates for savings…
Business
Australia housing dysfunction mirrored in central bank’s blowout rebuild
When Australia’s central bank resolved to refurbish its 1960s-era Sydney headquarters in 2018, it hardly expected the project would fall…
Business
Mizuho, MUFG join race by Japan’s banks for money manager deals overseas
[LONDON/TOKYO] Japanese banks Mizuho and MUFG are targeting buying or partnering with overseas money managers, they told Reuters, joining…
Business
Australia: Shares hit fresh high on mining and banks boost
AUSTRALIAN shares rose to a record high on Thursday, driven by miners and banks, while investors awaited US Federal Reserve Chair Jerome…
Business
US banks cut back muni exposure to lowest since financial crisis
US banks are holding the smallest share of debt sold by states and localities since the financial crisis despite attractive valuations and…
Business
BHP banks on China export resilience and India growth for demand
China’s export resilience and policy support, together with strong growth in India, will underpin future commodity demand despite an…
Business
Finance industry bodies call for changes to crypto rules for banks
A group of finance industry bodies is calling for a rethink on looming regulatory standards that they say will make it difficult for banks…
News
As Hurricane Erin approaches, evacuations are happening in North Carolina’s Outer Banks
Holly Andrzejewski hadn’t yet welcomed her and her family’s first guests to the Atlantic Inn on Hatteras Island when she had to start…
Business
Klook taps banks for US IPO: sources
Klook, a travel booking services company, has hired investment banks to help arrange a potential initial public offering (IPO) in the US,…
Business
UOB, BOS among banks with rising clients' alternative asset investments as Asia’s rich take shine to sector
More of Asia’s richest are viewing private-market investments as a core part of their portfolios, say senior private bankers. With…
Business
Why China’s banks are hunting for fortunes stashed abroad
BEHIND the gates of an opulent mansion in Vancouver, San Francisco, or Sydney, a wealthy Chinese individual lives a life of quiet…