CITIGROUP is cutting as many as 50 jobs in the Europe, Middle East and Africa (EMEA) region, two people close to the matter said.
THE dollar eased on Monday (Dec 12) but its losses were contained by data last week that showed US wholesale inflation rose more than expected last month, reinforcing the view that the Federal Reserve may have to keep interest rates higher for longer.
CHINA’S credit expanded at a slightly slower pace than expected in November after plunging in the previous month, despite efforts by the central bank to boost lending and ease restrictions on property loans.
CREDIT Suisse Group’s chief executive officer of Greater China, Carsten Stoehr, is leaving the embattled bank, marking the most senior departure for its China business.
THE Australian and New Zealand dollars lost ground on Monday as caution reigned ahead of US inflation data and a flurry of rate decisions from global central banks this week.
The Aussie eased 0.5 per cent to US$0.6773, breaking a three-day winning streak. It has surged 10 per cent since...
PRIVATE equity and venture capital deal value worldwide continued its decline in November, with the Asia-Pacific (Apac) region leading global dealmaking, according to data from S&P Global Market Intelligence on Monday (Dec 12).
TAIWAN’S central bank is expected to raise its policy rate again this week at the same mild pace as before, according to economists polled by Reuters, but as exports and inflation slow it may hold that rate steady next year to support the economy.
INDONESIA is set to enact sweeping changes to its financial sector regulation as soon as this week, after two years of thwarted attempts and market pushback.
FEDERAL Reserve chair Jerome Powell has history on his side as he and colleagues split with Wall Street over how long interest rates will stay high in 2023.
A DIALING back of massive Bank of Japan (BOJ) bond purchases and even a tweak to yield-curve control would fail to solve the liquidity drought in the country’s debt market next year, according to investors.













