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Australia set to raise rates as tightening cycle approaches end

AUSTRALIA is set to raise interest rates as it closes in on the end of its tightening cycle, while nearby New Zealand just delivered a record hike and is poised to move higher, underscoring different central bank outlooks at year’s end.

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Inflation will return to goal, say German, French central bankers

EUROPEAN Central Bank (ECB) officials from the region’s two biggest economies said they are determined to bring record inflation back to their 2 per cent target.

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UniCredit to pay bonus to staff to help with rising living costs

UNICREDIT will give employees in Italy a one-off payment of 2,400 euros (S$3,408.2) to reward productivity and help them to weather rising prices, Italy’s second-biggest bank said on Friday (Dec 2).

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Japan eyes up to 43t yen for 5-year defence spending plan

JAPAN is set to earmark 40 trillion to 43 trillion yen (S$402.8 billion to S$433 billion) for defence spending over five years from April 2023, three sources told Reuters on Friday (Dec 2).

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Goldman warns of bonus cuts after bumper haul

GOLDMAN Sachs’ traders, on the way to posting their biggest revenue haul in more than a decade, are in for a surprise as cost pressures force the firm’s leadership to cut their year-end bonuses.

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Philippine central bank governor voices caution over plans to create 275b peso sovereign fund

THE Philippines’ central bank governor on Friday voiced caution over a legislative proposal to create a sovereign wealth fund overseen by President Ferdinand Marcos Jr, saying transparency over its governance would be key.

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China’s yuan set for best weekly gain in two years; bumpy road ahead

CHINA’S yuan edged lower against the dollar on Friday but is on track to post its biggest weekly gain in two years, buoyed by expectations of a slower pace in U.S. rate hikes and China’s gradual exit from its zero-Covid-19 policy. Traders expect the yuan’s recovery to be slow next...

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All you need to know about T-bills

SINGAPORE Treasury bills (T-bills) have received explosive investor interest lately, with individual investors making more than 92,000 bids – some for over S$1 million – in the Nov 10 auction.

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All you need to know about Singapore T-bills

SINGAPORE Treasury bills (T-bills) have received explosive investor interest lately, with individual investors making more than 92,000 bids – some for over S$1 million – in the Nov 10 auction.

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Australian Securities Exchange to cut up to 200 jobs from blockchain project

THE Australian Securities Exchange will cut up to 200 contractors working on a project to replace its main trading platform with so-called blockchain technology after cancelling the overhaul, the company told Reuters.

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