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Dutch to cut ABN Amro stake further as exits gather pace

THE Dutch government plans to further reduce its holding in ABN Amro Bank, joining states across Europe in speeding up the exit...

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OCBC, Disney to begin five-year collaboration in Singapore, Malaysia, Indonesia

OCBC and Disney have announced a five-year strategic collaboration across three of the Singapore bank’s five core markets – Singapore, Malaysia and...

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China banks mull cutting deposit rates as early as this week

CHINESE banks are set to trim rates on 300 trillion yuan (S$55 trillion) of deposits as soon as this week after the...

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China may raise 6 trillion yuan in new debt over three years to spur growth, says report

CHINA may raise an additional 6 trillion yuan (S$1.1 trillion) from special treasury bonds over three years to help bolster a sagging...

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Citi’s Australia chief says real estate tops investor interest

REAL estate is emerging as Australia’s most in-demand sector as investors seek out the biggest beneficiaries of what they expect to be...

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Central bankers make rare comments in favour of bigger gold stash

GOLD purchases from central banks have been a key driver in bullion’s record-smashing rally this year. But officials rarely signal ahead of...

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China is not a competitive threat to US: Federal Reserve’s Kashkari

MINNEAPOLIS Federal Reserve Bank President Neel Kashkari said on Monday he does not consider China to be an economic threat to the...

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US Federal Reserve ‘should proceed with more caution’ on rate cuts: official

THE US Federal Reserve should be more careful with its pace of rate cuts than it was in September, a senior bank...

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Bitcoin climbs with Harris pledging regulatory framework support

BITCOIN climbed to the highest level in two weeks with Vice-President Kamala Harris pledging to support a regulatory framework for cryptocurrencies.

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HSBC probes China Pinnacle wealth business on costs and control: sources   

HSBC Holdings is reviewing expenses and operational controls at its China digital wealth business Pinnacle, in a move that could result in...

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