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US FEDERAL Reserve officials at their last meeting acknowledged the US economy appeared to be slowing and that “price pressures were diminishing,” but still counselled a wait-and-see approach before committing to interest rate cuts, according to minutes of the two-day session held on June 11-12.

THE European Central Bank (ECB) is planning to make it easier for banks to use a popular type of credit insurance in a move that could ultimately allow them to make more loans.

THE yen traded at fresh 38-year lows against the dollar and a record trough against the euro on Wednesday (Jul 3), as the currency continued its downward grind, with Japanese officials largely remaining on the sidelines amid the risk of intervention.

MITSUBISHI UFJ Financial Group’s negotiations for a minority stake in HDFC Bank’s consumer lending unit are stalling due to differences over how much say it will have in company strategy, according to people familiar with the matter.

AFTER a strong performance this year and an even more spectacular run-up this week, the three local banks are increasingly dominating Singapore’s benchmark index.

AFTER a strong performance this year and an even more spectacular run-up this week, the three local banks are increasingly dominating Singapore’s benchmark index.

AFTER a strong performance this year and an even more spectacular run-up this week, the three local banks are increasingly dominating Singapore’s benchmark index.

A CHINESE online financing company has failed to pay investors who bought equity-backed products partially underpinned by projects linked to China Vanke, according to people familiar with the matter.

PRICEWATERHOUSECOOPERS (PwC) has named in-house executive Daniel Li as its new China head, a move that comes as it faces investigations by financial regulators in mainland China and Hong Kong.

THE World Bank said Thailand should wait for a clearer picture of the economy before easing monetary conditions, effectively backing the central bank’s interest-rate policy against the government’s calls for early easing.