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Australia’s sovereign wealth fund tops A$252 billion, reduces US portfolio

Australia’s sovereign wealth fund, the Future Fund, said on Tuesday its valuation had reached A$252 billion (S$213.2 billion) as it pared...

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ANZ bank plans to cut 3,500 employees within the next year

ANZ Group Holdings expects 3,500 employees to leave the bank by September 2026, the lender said on Tuesday (Sep 9).

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ANZ plans to cut 3,500 staff over next year on CEO revamp

The bank is expected to incur a restructuring charge of about A$560 million before tax in the second half of this year

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US consumer borrowing rises most in three months on credit cards

Rising inflation may also be pushing consumers to take on more debt as they turn to credit to cover higher day-to-day expenses

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China’s PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks

China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and Hungary,...

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Thailand vows to curb baht swings as currency hits 4-year high

The baht extended its gains this year to 7%

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Bank Indonesia, government allay concerns that ‘burden sharing’ deal will reduce independence

The deal has “the potential to damage BI’s reputation as an independent institution”

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ECB set to hold rates steady with eye on France crisis

With inflation stable, central bank seeking to support beleaguered eurozone while French PM faces confidence vote

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Still ‘more things to be done’ to reap synergies across OCBC: deputy CEO Tan Teck Long

Asean growth prospects remain strong even with tariff uncertainty, says the lender’s incoming chief executive, who is also head of global wholesale...

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Still ‘more things to be done’ to reap synergies across OCBC: CEO-designate Tan Teck Long

Asean growth prospects remain strong even with tariff uncertainty, says the lender’s incoming chief executive, who is also head of global wholesale...

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