Five of the most-hyped technology initial public offerings (IPO) in India over the past 16 months have floundered since listing, shedding more than US$18 billion in value.
INDONESIA’S central bank raised its key interest rate by 50 basis points for a third consecutive monthly meeting as it sought to rein in inflation expectations while supporting the rupiah.
THE Philippine central bank delivered its second 75 basis-point interest-rate increase of this year, as it sought to support the peso and cool inflation by matching the pace of hikes by the Federal Reserve.
A unit of Japan’s SoftBank Group is selling a 4.5 per cent stake in the parent of India’s leading digital payments brand Paytm, seeking to pare back its holding in a company whose share has tumbled 72 per cent since its initial public offering (IPO) last year.
A world-beating rally across Asian markets is starting to look precarious as some analysts caution China reopening euphoria will give way to the sober reality of a looming global recession.
EUROPEAN Central Bank (ECB) policymakers may slow down interest-rate hiking with only a 50 basis-point increase next month, according to people with knowledge of the matter.
There is likely to be room to tokenise all investment instruments, given the benefits of blockchain technology such as increased liquidity, wider access and higher efficiency, said the members of a discussion panel on Wednesday (Nov 16).
THE US dollar slid back on Wednesday (Nov 16) towards the multi-month lows it hit a day earlier after the flight to the safe-haven greenback caused by a missile strike on Poland reversed, as it emerged the blast was likely caused by Ukrainian air defences.
