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.
FINTECH company Partior raised more than US$60 million in Series B funding in a round led by Peak XV Partners, formerly known as Sequoia Capital India & SEA.
PAG is setting up a China fund to lure domestic capital and is considering establishing another that will cater to demand from investors outside of North America, according to sources familiar with the matter.
US INTELLIGENCE discovered that Russia planned to assassinate the chief executive of German arms manufacturer Rheinmetall which has been producing artillery shells and military vehicles for Ukraine, CNN and the New York Times reported on Thursday.
CHICAGO Federal Reserve Bank President Austan Goolsbee said on Thursday the US economy looks like it is back on track to 2 per cent inflation after a bump up earlier this year, suggesting he is gaining confidence the time will soon be ripe to cut interest rates.
JAPAN’S top currency diplomat Masato Kanda said on Thursday (Jul 11) he was concerned about recent exchange rate moves that have become dominated by speculation and were out of line with fundamentals, Jiji news agency reported.
THE finance company, JPMorgan Chase, has set an ambitious goal of attracting 15 per cent of the consumer deposits in the US, the chief executive officer of consumer and banking, Marianne Lake, said.
SEVERAL high-profile energy traders have in recent weeks quit oil majors for trading houses, multiple sources told Reuters on Thursday (Jul 11), as talent follows assets swapping hands and as trading houses ramp up bonuses.
