DEUTSCHE Bank said on Wednesday it had settled a dispute with dozens of former shareholders of Postbank who began litigation alleging the German banking giant’s 2010 takeover shortchanged them.
THE US Federal Reserve appears to be very much on track for an interest rate cut in September after a “vast majority” of officials said such an action was likely, according to the minutes of the US central bank’s July 30-31 meeting.
CHINA told some trust companies to stop raising money from individuals to fund local government financing vehicles, according to people familiar with the matter, in its latest effort to curb growing financial risks.
A SIGNAL from the Bitcoin derivatives market points to the growing risk of a “short squeeze” that can stoke sharp rallies in the largest digital asset, according to cryptocurrency specialist K33 Research.
THAILAND’S central bank left its key interest rate unchanged for a fifth straight meeting on Wednesday (Aug 21), as widely expected, despite a sluggish economy and fiscal policy uncertainty after a court dismissed the prime minister.
BRITAIN’S government again borrowed more than expected last month, according to official data released on Wednesday (Aug 21) that highlighted the tight financial backdrop for new finance minister Rachel Reeves as she readies her first annual budget.
A RAPID depreciation of Myanmar’s currency is pushing up the prices of essentials, including food and medicine, crippling ordinary households in the South-east Asian country wrecked by civil war and a crumbling economy.
DBS, in a tie-up with Envision Energy, on Wednesday (Aug 21) announced a 500 million yuan (S$92 million) green loan facility for the wind turbine provider to develop a 100-megawatt wind turbine farm in Henan province, in north-eastern China.
GERMAN financial services giant Allianz, is making an offer to acquire 51 per cent of Singapore-based insurer Income Insurance for S$40.58 per share. The deal amounts to some 1.5 billion euros (S$2.2 billion), Allianz announced on Wednesday (Jul 17).
