Featured Archives • Page 58 of 1006 • Financial News

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China’s central bank takes more control over rates by adding temporary repos

CHINA’S central bank will conduct temporary bond repurchase or reverse repurchase operations in the afternoon, in addition to its traditional morning operations, tightening its control over short-term interest rates.

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SoftBank group firm PayPay Securities aims to double accounts

PAYPAY Securities aims to double the number of its brokerage accounts to two million by the end of this fiscal year to March from about one million now, backed by users of the group’s cashless payment system, according to its chief executive officer.

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Hedge funds that piled into big Tesla short stung by huge rally

HEDGE funds piled into short bets against Tesla right before the electric vehicle (EV) maker unveiled a set of numbers that triggered a hefty share-price rally.

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Hawkish RBNZ seen unswayed by signs of deepening economic slump

NEW Zealand’s central bank will likely reiterate this week that interest rates need to stay high for a sustained period, even as households hunker down amid signs of a deepening economic downturn.

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Bitcoin’s lingering Mt Gox overhang leaves market in a state of suspense

THE long-anticipated distribution of around US$8 billion in Bitcoin from the failed Mt Gox exchange is leaving the crypto market in a state of suspense even after it has begun.

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Visa, Mastercard to extend non-EU card fee caps to 2029

VISA and Mastercard will extend caps on tourist card fees agreed five years ago with EU antitrust regulators by another five years to 2029, the European Commission said on Friday (Jul 5).

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DBS fined by Hong Kong for violating anti-money laundering rules

DBS Group Holdings was fined HK$10 million (S$1.72 million) by Hong Kong’s regulator for lapses in adhering to anti-money laundering and counter-terrorist financing regulations.

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DBS unit fined in Hong Kong for anti-money laundering breach

DBS Group Holdings’ Hong Kong unit was fined HK$10 million (S$1.7 million) by the city’s regulator for lapses in adhering to anti-money laundering and counter-terrorist financing regulations.

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UK election brings few hopes or fears to cautious City of London

THE UK financial sector is warming to Labour’s pro-business overtures and pledges to provide stability and support, but many in the City remain wary it could be targeted to prop up Britain’s stretched public finances further down the line.

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Apac investment banking fees down 25% to US$9.3 billion in H1 2024: LSEG

THE Asia-Pacific region, excluding Japan, generated a 25 per cent year-on-year decline in investment banking (IB) fees to US$9.3 billion in the first half of 2024.

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