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THE dollar eased on Thursday (Feb 16) as investors scooped up higher-risk currencies after a run of strong US economic data reinforced confidence in the global growth outlook, even though the Federal Reserve looks set to raise interest rates further.

THE Green Finance Industry Taskforce (GFIT) is proposing a path in Singapore’s green and transition taxonomy for high-emissions industrial activities to qualify for sustainable financing despite challenges in determining setting thresholds.

THE Bank of Japan (BOJ) took steps on Thursday (Feb 16) to deter market players from short-selling government bonds in a fresh sign of the mounting difficulties of sustaining its yield control policy, which seeks to cap long-term interest rates at 0.5 per cent.

CREDIT Suisse Group said it has paid US$210 million to Georgian billionaire Bidzina Ivanishvili to date, as part of a long-running legal saga.

CREDIT Suisse Group said it has paid US$210 million to Georgian billionaire Bidzina Ivanishvili to date, as part of a long-running legal saga. At the same time, the Swiss bank is exiting distressed debt and special-situations trading, as part of its broader exit from risky and capital-intensive businesses.

INDONESIA’S central bank kept its key interest rate unchanged on Thursday (Feb 16), the first pause after six consecutive monthly hikes.

THE Philippine central bank raised its benchmark interest rate by 50 basis points to 6 per cent on Thursday (Feb 16), and flagged its readiness to do more to tame inflation, which is running at 14-year highs.

SINGAPORE fintech funding hit a three-year high in 2022, even as lower valuations, turbulence in cryptocurrencies and uncertain economic conditions dented global fintech investments.

SINGAPORE’S latest six-month Treasury bill (T-bill) closed its auction with a cut-off yield of 3.93 per cent on Thursday (Feb 16).

STANDARD Chartered raised a key performance metric and announced a new US$1 billion share buyback on Thursday after posting a 28 per cent rise in annual pretax profit as global interest rate hikes boosted its lending revenue.