A SINGAPORE-based social enterprise is criticising two sets of South-east Asian transition finance guidelines as adopting Japan’s “aggressive” stance on fossil fuel-based technologies that are unsuitable for this region.
BANK of Japan (BOJ) board member Hajime Takata said on Thursday (Mar 2) that the central bank must “patiently” maintain its ultra-loose monetary policy, as Japan has yet to see inflation sustainably hit its 2 per cent target backed by wage hikes.
ANZ Group Holdings and Commonwealth Bank of Australia are among leading participants in a pilot project exploring use cases for a central bank digital currency (CBDC).
SINGAPORE-based multi-family office Farro Capital says it has amassed more than US$1 billion in assets under management just four months after it launched, highlighting the city-state’s rise as a hub for wealthy clans.
SINGAPORE-based multi-family office Farro Capital says it has amassed more than US$1 billion in assets under management just four months after it launched, highlighting the city-state’s rise as a hub for wealthy clans.
BANKS and asset managers have set up a new task-force to study whether Europe should keep up with Wall Street by halving the time it takes to settle share trades.
THE world’s ultra-richest saw their fortunes shrink by 10 per cent in 2022, due to the war in Ukraine, a study said on Wednesday, but the outlook for them this year is bright.
ROYAL Bank of Canada on Wednesday (Mar 1) posted a decline in first-quarter profit, as the lender set aside higher provisions to brace for potential loan defaults amid a challenging macro environment.
Bank of England Governor Andrew Bailey said on Wednesday that it was possible the central bank had already come to the end of its rate-rising cycle, although it was too soon to be sure about the future path of policy.
GERMANY’S Bundesbank recorded its first loss in over four decades last year as a string of European Central Bank rate hikes reduced the value of its bond holdings and also generated a loss on ultra cheap loans to commercial banks, it said on Wednesday (Mar 1).
