CHINA’S biggest lenders heeded calls from regulators to boost dividends and support markets even as earnings are under pressure from falling interest rates.
SAUDI Arabia’s sovereign wealth fund is preparing to tap bond investors for a fourth time this year as it looks to finance its huge domestic investment plans.
BANK of Japan governor Kazuo Ueda submitted a document to a government panel suggesting that the central bank will continue to raise interest rates if the economy and prices perform as expected by the BOJ.
DECISIONS at the European Central Bank (ECB) are set to get a lot more contentious once interest rates fall to about 3 per cent and clashes emerge over what’s still needed to keep inflation in check, according to sources familiar with the matter.
RUSSIA’S trade with India is booming and bilateral payments are proceeding smoothly without the glitches that have been hampering trade with other countries, Anatoly Popov, deputy CEO of Russia’s largest lender, Sberbank, said.
LAGS in New Zealand’s official economic data are creating a fog for policy makers that recently forced them to veer off course and cut interest rates a whole year earlier than projected, badly wrong footing financial markets.
HSBC’s new chief executive Georges Elhedery, who took the helm at the Europe’s largest lender on Monday (Sep 2), said he was committed to build on the bank’s current strategy, according to an internal staff memo.
MALAYSIA-BASED Kenanga Investment Bank on Monday (Sep 2) announced it has invested in Singapore fintech company Helicap to advance the bank’s digitalisation initiatives.
SINGAPORE Savings Bond (SSB) yields continued to fall in the latest tranche, ahead of the anticipated rate cuts by the US Federal Reserve in September.
SOUTH Korea will cut the size of its foreign exchange stabilisation fund by more than 30 per cent next year, a record amount, though the government says that’s still sufficient to defend the won.
