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TWO years ago, central banks around the world were engaged in a battle against high inflation that resulted in an aggressive and synchronised jump in interest rates. Now, many policymakers are reversing course – but in a less coordinated way as price increases slow at different paces in various...

DBS Group Holdings aims to double fees from wealth management by 2027 as more of the world’s affluent investors shift their assets to Asia.

INDIA’S markets regulator on Thursday (Sep 19) barred investment bank Axis Capital from acting as a merchant banker for new debt issues for allegedly violating rules, according to an order on the regulator’s website.

THE Bank of England held interest rates at 5 per cent on Thursday (Sep 19) and voted to run down its stock of British government bonds by another £100 billion (S$172 billion) over the coming 12 months, a move that could weigh on the government’s finances.

BRITAIN could attract up to £7.7 billion (S$13.2 billion) in additional foreign sovereign investment by 2030 if it pursues a long-term blueprint for enticing such funds, a report said.

THE US Federal Reserve’s move to cut interest rates by 50 basis points (bps) was at the higher end of estimates, but is unlikely to have a significant impact on the Singapore banks, say analysts.

BOFA Global Research raised its forecast for the Federal Reserve’s anticipated interest rate cuts for the remainder of this year to 75 basis points, after the US central bank kicked off a widely expected series of reductions on Wednesday (Sep 18).

BROOKFIELD Asset Management plans to add to the US$13 billion it has already invested in Indian infrastructure, describing it as the “brightest spot” in emerging markets.

HSBC Holdings cut its key benchmark rate in Hong Kong for the first time since 2019, a move likely to hit margins while bringing relief to homeowners and borrowers in the Asian financial hub.

BITCOIN was little changed after the US Federal Reserve reduced borrowing rates for the first time since the Covid pandemic paralysed the economy more than four years ago and helped cryptocurrencies break into the mainstream.