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Dollar slips as forex traders prepare for US election outcome

The dollar eased on Tuesday (Nov 5) as traders squared positions ahead of what is expected to be a close US presidential...

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Apollo assets reach US$733 billion with boost from wealth clients

APOLLO Global Management’s push to target wealthy individuals helped boost the firm’s assets under management to US$733 billion, a 16 per cent...

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China gives Morgan Stanley approval to launch local futures unit

MORGAN Stanley has won final approval to launch a futures business in China via a newly established unit, becoming the second major...

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StanChart partners with Wise for faster FX in Asia and Middle East

STANDARD Chartered (StanChart) is going to use Wise’s payments platform to offer multi-currency money transfers in Asia and the Middle East.

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Australia’s central bank keeps cash rate at 4.35%, as expected

AUSTRALIA’S central bank held interest rates steady on Tuesday as expected, reiterating policy would need to stay restrictive until it was certain...

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Sun Life profit beats expectation on strength in Canada, US

SUN Life reported a better-than-expected third-quarter profit on Monday (Nov 4) as Canada’s second-largest life insurer benefited from robust growth in its...

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Commerzbank looks to free up capital to fend off UniCredit

COMMERZBANK chief executive officer Bettina Orlopp is seeking to unlock more capital to pay out or invest, as she makes the case...

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Philippines inflation matches estimate, gives room for rate cuts

PHILIPPINE inflation quickened in October but within market expectations, giving the central bank room to sustain its easing cycle.

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Crypto firms including Robinhood, Kraken launch global stablecoin network

A CONSORTIUM of financial technology and cryptocurrency companies including Robinhood, Kraken and Galaxy Digital on Monday (Nov 4) introduced a joint stablecoin...

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KPMG to lay off less than 4% of US audit workforce: source

KPMG will lay off less than 4 per cent, or about 330 people, of its audit workforce in the United States, a...

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