HONG Kong’s de facto central bank will push ahead with proposals to regulate stablecoins, as it seeks to address the risks they pose to financial stability highlighted by the crypto sector’s turmoil last year.
The US, European Union and the UK are all expected to announce a hike in interest rates this week, with analysts keeping a close eye on whether these will be higher than the consensus forecasts.
The US, European Union and the UK are all expected to announce a hike in interest rates this week, with analysts keeping a close eye on whether these will be higher than the consensus forecasts.
The US, European Union (EU) and the UK are all expected to announce a hike in interest rates this week, with analysts keeping a close eye on whether these will be higher than the consensus forecasts.
EUROZONE yields fell on Tuesday (Jan 31) after economic data revived fears of a marked slowdown, while investors braced for a rate hike of 50 basis points (bps) and possibly further hawkish guidance at the European Central Bank (ECB) policy meeting.
UNICREDIT pledged on Tuesday (Jan 31) to return 5.3 billion euros (S$7.48 billion) to investors, after it posted a record profit for the fourth quarter of 2022.
UNICREDIT pledged on Tuesday (Jan 31) to return 5.3 billion euros (S$7.48 billion) to investors, after it posted a record profit for the fourth quarter of 2022.
UBS Group reported fourth-quarter profit that beat expectations, and said that it plans to buy back more than US$5 billion of shares this year, as rising interest rates helped offset a slump in trading fees and transaction income in its key wealth-management business.
INDONESIA’S finance minister Sri Mulyani Indrawati is among candidates being considered to be the next central bank governor, replacing the current chief whose term ends in May, according to five sources familiar with the matter.
CREDIT rating agency Moody’s on Monday (Jan 30) changed its outlook on Vietnam’s banking system from “positive” to “stable”. The downgrade comes amid growing asset risks from stress in the real estate sector, and deteriorating profitability due to higher funding costs.
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