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As bank crisis fears ease, gold prices set to stabilise for now

The global anxiety over banks is slowly abating and the changing sentiment has placed a lid on the price of gold. Many precious metals analysts now expect gold to trade sideways in the next few months, although the price may well breach the US$2,000 an ounce level again if...

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Thai central bank says rate cuts not a quick fix for sluggish economy

THAILAND’S “uneven” economic recovery cannot be fixed only by adjusting interest rates, the central bank said on Monday (Jan 15), hitting back at the government’s calls to ease monetary policy to help revive sluggish activity.

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Australia cracks down on ESG investing industry with new rules

THE Australian government is planning to introduce environmental, social and governance (ESG) labelling requirements, as it seeks to fight greenwashing and steer more capital into credible sustainable activities.

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Four Bitcoin ETF hopefuls slash fees before funds even launch

The race to the bottom on fees among prospective spot Bitcoin exchange-traded fund (ETF) issuers picked up speed with at least four companies slashing their costs.

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US Fed could hike rates again if ‘appropriate’: Powell

THE US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two per cent target, Fed Chair Jerome Powell said on Thursday.

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First Citizens buys Silicon Valley Bank

FIRST Citizens BancShares agreed to buy Silicon Valley Bank (SVB) which was seized by regulators following a run on the lender.

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AT1 bondholders have little room for recourse if enterprise fails: lawyers

INVESTORS holding on to Additional Tier-1 (AT1) bonds could face difficulty getting their money back if there are clauses in a bond’s contracts that allow the bondholders’ priority to be revoked in the event of a restructuring.

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Bank of Korea eyes first policy pivot in years on signs of cooling property

THE Bank of Korea (BOK) is expected this week to conduct a long-awaited policy pivot, joining global peers in embarking on an...

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Goldman Sachs plans fresh round of job cuts for underperformers: FT

GOLDMAN Sachs is planning for another round of job cuts for employees who are deemed underperformers, which could come as soon as late October, the Finanical Times reported on Thursday, citing people familiar with the matter.

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Morgan Stanley mulls private credit fund bet with balance sheet

MORGAN Stanley is discussing allocating a portion of its balance sheet into a new private credit fund that would include capital from external investors, according to sources with knowledge of the matter.

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