BITCOIN rose above US$60,000 after Donald Trump’s defiant response to an assassination attempt spurred speculation that his chances of winning the presidential election have climbed.
WHEN private equity firms buy up target companies, they rely on one major source of financial firepower – debt, and lots of it. But what happens when the interest on that debt jumps? For some, the answer is simple: pay it later.
INVESTORS should not ignore the impact that the weak Japanese yen has on Asian markets and economies, given how integral Japan’s economy is in the region, market observers said.
CHINA’S central bank is determined to maintain a normal upward-sloping yield curve and correct bond-market risks, the bank-backed Financial News reported late on Friday (Jul 12), citing industry sources and experts.
CITIGROUP’S profit rose in the second quarter, boosted by a 60 per cent jump in investment banking revenue and gains in its services division, sending the bank’s shares up 2 per cent before the bell.
JPMORGAN Chase’s profit rose in the second quarter, buoyed by rising investment banking fees and an US$8 billion accounting gain from a share exchange deal with Visa.
JAPAN may have spent up to 3.57 trillion yen (S$30.11 billion) on Thursday (Jul 11) in its most recent intervention in the foreign exchange market to lift the yen up from 38-year lows, Bank of Japan data suggested on Friday (Jul 12).
CHINESE bank lending jumped less than expected in June while some key money gauges hit new record lows, data showed on Friday (Jul 12), even as the central bank affirms a supportive monetary policy stance for the shaky economy.
