THE US Federal Reserve’s dovish shift will likely give the Bank of Japan some respite in its battle to tame a weak yen, but could complicate its efforts to raise interest rates if the two central banks’ diverging policy paths keep markets jittery.
AUSTRALIAN Retirement Trust (ART), the nation’s second-largest pension fund, agreed to take majority ownership of New Zealand energy distributor Powerco, the Australian Financial Review reported, without saying where it got the information.
A RELENTLESS rally in Australian bonds has laid bare how little traders believe that the local central bank will defy peer pressure to stand firm with its hawkish tone.
DEALS in the insurance and technology (insurtech) sector in South-east Asia recorded a total value of US$2.35 billion in 2023, up from US$538 million in 2022, indicated a report by EY in August.
Digital banks, once hailed as the next big thing in Malaysia’s financial landscape, are facing an uphill battle to live up to the initial hype, with progress slower than expected due to limited offerings and ongoing trust concerns.
BANK of England governor Andrew Bailey said on Friday (Aug 23) he thought inflation pressure in Britain’s economy was becoming less stubborn than in recent years, but it was still too soon to be sure.
HSBC aims to double the assets under management (AUM) in its British wealth business to £100 billion (S$171.5 billion) in the next five years, the division’s head told Reuters, joining rivals in targeting more fee income from the UK’s ‘mass affluent’.
COMMONWEALTH Bank of Australia, the country’s biggest lender, on Friday (Aug 23) said it has cut interest rates across some of its home loan products for new customers.
US FEDERAL Reserve chair Jerome Powell is widely expected to use a keynote speech at a major central banking conference on Friday to signal support for cutting interest rates ahead of next month’s rate decision.
BANK of Japan Governor Kazuo Ueda said on Friday the central bank stood ready to raise interest rates if the economy and prices move in line with its forecast, while keeping a close eye on market developments.
