Featured Archives • Page 940 of 1347 • Financial News

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Purpose-bound money, still searching for its purpose

AT the recent Singapore Fintech Festival (SFF), I bought lunch for myself using some digital Singapore dollars. The experience was rather underwhelming – it reminded me of the process of using the digital Community Development Council (CDC) vouchers, except it was more unwieldy.

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Pound surges past US$1.20 as fresh data adds to dollar slump

The pound climbed to its strongest level in three months against the dollar, as fresh data added to evidence that the pace of price growth in the US may have peaked.

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Regulators need to stay agile to control risks that come with fintech innovation: panel

Regulators need to stay agile and leverage experiences to control the risks that will naturally arise from innovations in the financial-services space, panellists at the Abu Dhabi Finance Week 2022 said on Tuesday (Nov 15).

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Euro, sterling and Swedish krona jump 1% after slew of economic data

The euro, sterling and the Swedish krona rose sharply against the US dollar on Tuesday (Nov 15) as traders assessed a slew of economic data, including UK and eurozone job figures, plus German economic sentiment.

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Innovation is two-way street between fintechs and traditional banks, say panellists

Innovation in the financial-services space is not just the work of fintech start-ups, but can also arise from the collaboration between these fintech players and traditional banks, said the chief executive of a bank in the United Arab Emirates (UAE) on Tuesday (Nov 15).

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Foreigners offload Chinese bonds for 9th straight month in Oct

Overseas investors sold their holdings of China’s onshore bonds for a ninth straight month in October, albeit at a slower pace, as interest rate differentials between China and the United States continued to drive foreigners away.

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Russia in ‘no hurry’ to lower inflation: central bank chief

RUSSIA’S central bank is trying to gradually lower inflation, but is in no hurry to do so, its chief said on Tuesday (Nov 15).

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Brilliance Asset Management suffers big loss after bets on Li Auto

Brilliance Asset Management, one of Asia’s largest hedge funds with a China focus, posted a massive loss last month after a drop in Chinese stocks hammered its big bet on electric vehicle maker Li Auto.

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Credit Suisse to sell bulk of Securitized Products Group to Apollo

CREDIT Suisse said on Tuesday (Nov 15) it has finalised the sale of most of its Securitized Products Group and related financing businesses to US buyout fund Apollo Global Management – a key part of a sweeping revamp for the Swiss bank.

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DBS, OCBC, UOB raise fixed home loan rates to up to 4.5%: What home buyers need to know

HOME loan rates have shot past the 4 per cent mark after DBS Bank and OCBC Bank raised their fixed-rate packages on Tuesday (Nov 15).

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