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Do Kwon pleads guilty to fraud over US$40 billion Terra collapse

US prosecutors say that the longest sentence they will seek under the plea deal is 12 years

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Yangzijiang Financial H1 net profit up 28% at S$137.7 million

The higher earnings come on the back of reversal of credit loss allowances and higher contributions from maritime joint ventures

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Top Philippine bank likely to sustain record profit, CEO says

BDO Unibank, the Philippines’ biggest lender, expects to sustain record-high earnings this year on broad-based growth in lending, its chief executive...

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Norway’s US$1.9 trillion wealth fund returns 5.7% in H1

The return was led by equities, which rose by 6.7%

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Australia’s central bank cuts rates to two-year low of 3.6%

Australia’s central bank on Tuesday cut its main cash rate by a quarter point to a two-year low of 3.60 per...

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RBA cuts interest rates, signals more to come as inflation slows

The Reserve Bank of Australia board slashes the main cash rate by a quarter point to 3.6%

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Citigroup hires Goldman, Millennium alum for Asia prime finance

The firm and Morgan Stanley have been the region’s dominant prime brokers

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Citigroup oversaw US$1 billion in deals for trust while sanctioned oligarch held concealed interest

Citigroup oversaw more than US$1 billion worth of transactions for a Delaware-based trust that US authorities say a sanctioned Russian oligarch...

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Do Kwon may plead guilty in US case over US$40 billion Terraform collapse

Terraform Labs co-founder Do Kwon may plead guilty in a US fraud case tied to the US$40 billion collapse of...

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US Fed chair search expands to include Bowman, Jefferson and Logan

The central bank’s next policy meeting is scheduled for Sep 16 to 17 in Washington

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