GLOBAL investment banks may have been laying off dealmakers and cutting bankers’ pay, but banks in Singapore are looking at a rosier situation as more private monies flow their way and they seek to enhance digital capabilities.
CREDIT Suisse bonds have fallen, and the cost of insuring exposure to its debt rose on Monday (Nov 28) following reports of fresh troubles at the Swiss lender.
NEW Zealand is likely facing a “shallow” recession as interest rates need to rise further to tame inflation, a top central banker said on Monday (Nov 28), suggesting that a pause in the policy tightening streak was still a distant prospect.
THE Bank of Thailand (BOT) will raise interest rates by a modest quarter-point on Wednesday (Nov 30) for a third straight meeting amid fragile tourism-reliant growth and signs inflation has started to ease, a Reuters poll of economists found.
THE yuan fell, the Australian dollar led commodity currencies lower and the greenback strengthened against most major peers as protests in China against Covid curbs cast a shadow over risk sentiment in global markets.
LIKE many e-commerce players, home-grown digital commerce solutions provider SCI Ecommerce saw exponential growth during Covid-19, as brick-and-mortar retailers flocked online.
THE European Central Bank (ECB)will likely increase interest rates by smaller increments next year if further hikes are needed, governing council member Gabriel Makhlouf was quoted as saying on Sunday (Nov 27).
THE European Central Bank (ECB) will likely increase interest rates by smaller increments next year if further hikes are needed, governing council member Gabriel Makhlouf was quoted as saying on Sunday (Nov 27).
