JPMORGAN is proposing a new Asia credit index with slashed China weighting in parallel to its existing US$85 billion Asia credit index, two sources said. This comes amid growing geopolitical tensions and dimming appetite for Chinese property bonds.
CHINA’S Ant Group and Japan’s SoftBank Group Corp are seeking to sell their stakes in Indian digital payments firm Paytm in the open market, the Economic Times reported on Monday (Feb 27).
INCOMING Bank of Japan (BOJ) Governor Kazuo Ueda said on Monday (Feb 27) the central bank could exit its massive stimulus, but a shift to tighter policy would only come when the country’s trend inflation heightens significantly.
GOLDMAN Sachs Group’s leaders take the stage this week hoping to turn the page on a forgettable 2022, lay out new reasons for investors to rally around the stock and quell dissatisfaction within the firm’s ranks.
THE trio of Singapore banks wrapped up 2022 with record results, as they continued to post strong earnings in the fourth quarter of the year on the back of higher net interest income.
JPMORGAN Chase’s market capitalisation has a chance to more than double and hit US$1 trillion by 2030, according to Morgan Stanley analysts, reinforcing its position as the most valuable US bank.
HONG Leong Finance posted a 113.7 per cent rise in net profit to S$85.8 million for its second half ended Dec 31, 2022, from S$40.1 million the year before.
BROKERAGE firm UOB Kay Hian (UOBKH) posted a 10.6 per cent fall in net profit to S$52.6 million for the six months ended Dec 31, 2022, down from S$58.9 million previously.
TAIWAN’S central bank said on Friday (Feb 24) that last year it sold a net US$13 billion to intervene in the foreign exchange market to try and prop up the Taiwan dollar, compared with buying a net US$9.12 billion for all of 2021.
CREDIT Suisse Group cut payouts on a 3.25 billion Swiss franc (S$4.7 billion) real estate fund, as clients sought to pull their cash after valuations were hit by rising interest rates.
