IT IS “hard to imagine” the Federal Reserve not cutting interest rates next month, a senior bank official said on Monday (Aug 26), in the latest signal that many policymakers favour a cut.
ROTHSCHILD plans to shut its Chicago office as the French firm shrinks its North American footprint, according to sources with knowledge of the matter.
CREATING value for every player is crucial in building a successful ecosystem, said P’ing Lim, head of ecosystem and cross-border transfers for DBS’ regional consumer banking business.
India’s markets regulator has issued show-cause notices to Paytm founder Vijay Shekhar Sharma and other board members who held roles during the firm’s November 2021 IPO over alleged misrepresentation of facts, Moneycontrol reported on Monday (Aug 26).
NORWAY’S sovereign wealth fund said on Monday (Aug 26) it will commit 900 million euros (S$1.3 billion) to the latest renewable energy fund of investment firm Copenhagen Infrastructure Partners (CIP).
BITCOIN touched US$65,000 for the first time in about three weeks, aided by reviving demand for dedicated US exchange-traded funds amid signs that the Federal Reserve is set to loosen monetary policy.
CHINA has initiated stress tests with financial institutions on their bond investments, to make sure they can handle any market volatility should a record-breaking rally reverse, according to state-run media.
TAIWAN’S CTBC Financial Holding upped the ante in the battle for Shin Kong Financial Holding, offering more than US$4 billion for a controlling stake in its rival to create the island’s biggest finance group.
