ECB’s Panetta says consensus growing on need for rate cut
STRESA, Italy, May 25 (Reuters) – There is growing consensus within the European Central Bank over the need for a first rate […]
‘Asset famine’ in China curbs central bank’s bond trading ambitions
BEIJING/SHANGHAI, May 27 (Reuters) – A scarcity of low-risk assets in China’s financial sector is obstructing the central bank’s plans to make […]
Goldman Sachs to establish regional headquarters in Riyadh: report
RIYADH: Goldman Sachs Group is set to become the first Wall Street bank to establish its regional headquarters in Saudi Arabia as […]
HSBC’s New York attendance jumps to 80% at new office
NEW YORK, May 23 (Reuters) – HSBC’s (HSBA.L), opens new tab employee attendance has jumped to 80% at its new office in New York’s […]
G7 officials play down expectations on details of loan for Ukraine
STRESA, Italy, May 23 (Reuters) – G7 finance chiefs are not expected to agree on details of a loan for Ukraine at […]
China Vanke units guarantee US$1.1 billion in loans for troubled developer after Fitch Ratings downgrade
Troubled property developer China Vanke will receive a 7.8 billion yuan (US$1.1 billion) lifeline in the form of bank loans guaranteed by its subsidiaries, […]
Investment platform Sarwa fined by Abu Dhabi Global Market regulator and DFSA
Abu Dhabi Global Market’s financial regulator has fined investment platform Sarwa Digital Wealth (Capital) $122,500 for breaching rules on offering securities. The penalty […]
S.Korea president announces record $19bn plan to boost chip industry
South Korean President Yoon Suk Yeol on Thursday announced a record $19-billion-dollar support plan for the country’s crucial semiconductor industry. South Korea […]
Malaysia’s state fund 1MDB sues PetroSaudi executive, seeking $1.83 bln
KUALA LUMPUR, May 23 (Reuters) – Malaysia’s scandal-hit state fund 1Malaysia Development Berhad (1MDB) has filed a lawsuit against a top PetroSaudi International executive […]
Alibaba’s Hong Kong primary listing plan can open the doors to China’s 210 million investors
Alibaba Group Holding is paving the way for China’s 210 million investors to buy a stake in the e-commerce giant as it […]
No delay to Hong Kong’s plan to allow stock market to stay open in typhoons, treasury secretary says
Hong Kong’s financial services secretary, Christopher Hui Ching-yu, has denied reports that a major stock market reform that would see trading continue as […]
South Korea unveils US$19-billion support package for semiconductor sector to compete in global chip ‘warfare’
South Korea on Thursday announced a 26 trillion won (US$19 billion) support package for its chip businesses, citing a need to keep up […]