STANDARD Chartered expects Asia and the Middle East to outperform other regions, even as spiralling inflation and a spike in borrowing costs risk tipping major global economies into a recession next year, a senior executive at the bank said.
CHINA’S financial regulators have asked banks to stabilise lending to property developers and construction firms, the latest effort by policymakers to turn around the real-estate crisis and bolster economic growth.
YOMA Strategic’s subsidiary will now acquire Telenor’s 51 per cent stake in Digital Money Myanmar (Wave Money) for US$40 million instead of the US$53 million announced earlier this year.
ARA, a wholly-owned subsidiary of ESR Group, is partnering with Export-Import Bank of China (Exim) for the closing of a US$1 billion (S$1.4 million) infrastructure fund.
IT is not always possible to leapfrog from dirty fuels to renewable energy – this was a refrain from various chief executive officers of financial services companies at a Bloomberg New Economy Forum panel last Wednesday (Nov 16).
CHINESE banks maintained their benchmark lending rates for a third month after the central bank kept its key rates unchanged last week and signalled more concern about the inflation outlook.
