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EUROPEAN Central Bank President Christine Lagarde reinforced her support for international banking tie-ups in the eurozone, saying they can produce many upsides, including a greater ability to compete with foreign rivals.

UBS Group has retained less than half of Credit Suisse’s bankers in Germany, giving a glimpse of the scale of job losses following last year’s merger of the two Swiss lenders.

PHILIPPINE inflation was likely within the 2 to 2.8 per cent range in September, the central bank said on Monday (Sep 30).

THE Chinese central bank said on Monday (Sep 30) it had bought 200 billion yuan (S$36.5 billion) of the country’s government bonds in open-market operations in September.

INDONESIA launched on Monday (Sep 30) a central counterparty clearing house (CCP) for foreign exchange and money market transactions as it aims to deepen the capital markets of South-east Asia’s largest economy. The CCP should help integrate Indonesia’s currently fragmented and segmented money and foreign exchange markets, facilitating liquidity...

THAILAND is not limiting the number of virtual bank permits that will be issued, a deputy finance minister said on Monday.

BILLIONAIRE Zhao Changpeng pledged to keep investing in the blockchain sector as well as artificial intelligence and biotechnology, in the crypto mogul’s first public comments since his release from US custody.

KEN Griffin’s Citadel Securities has opted to establish its own brokerage operation in China after failing in its bid for Credit Suisse’s onshore business and seeing no viable alternative takeover targets, sources familiar with the matter said.

JAPAN’S incoming prime minister, Shigeru Ishiba, said on Sunday the country’s monetary policy must remain accommodative as a trend, signalling the need to keep borrowing costs low to underpin a fragile economic recovery.

MORTGAGE rates in Singapore are likely to fall as the US Federal Reserve has started cutting interest rates.