Bank
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Philippines central bank sees inflation rising toward target
[MANILA] The Philippines’ central bank will keep weighing a feeble growth outlook against gradually rising inflation to set monetary policy in a balancing act that could bring an end to…
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Thai central bank to expand authority to scrutinise online gold trading
[BANGKOK] Thailand will expand the authority of its central bank in order to better supervise online gold trading, the bank’s governor Vitai Ratanakorn said on Friday (Jan 9). The Bank…
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Hang Seng Bank shareholders approve HSBC’s US$13.6 billion buyout proposal
Hong Kong’s high court will decide in a hearing on Jan 23 whether the take-private plan can be executed [HONG KONG] Hang Seng Bank shareholders on Thursday (Jan 8) approved…
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India’s central bank intervenes again to support rupee, traders say
[MUMBAI] The Indian central bank was seen back in the foreign exchange market on Thursday, selling dollars through state-run banks to reinforce support for the rupee, traders said. The rupee…
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Trump-linked World Liberty Financial seeks license to launch trust bank
The company says that it plans to allow conversion services between US dollars and USD1 without fees at launch [BENGALURU] World Liberty Financial, a crypto venture backed by the family…
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Chinese AI server leader xFusion hires investment bank in first step towards listing
The Chinese authorities have fast-tracked IPOs in the AI and chipmaking sectors due to US’ curbs on high-tech exports [SHANGHAI] China’s leading artificial intelligence (AI) server provider xFusion has hired…
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Wells Fargo Lets $15K Vanish from Elderly Texan in Shocking Fraud
Billie Young cares for her husband, who is battling cancer. The Dallas resident has been banking with Wells Fargo since 1996. However, she decided to close her account after the…
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Cathay United Bank grants Marco Polo Marine unit long-tenor facility for NT$4.7 billion research vessel project
The group previously said it would finance the project through internal cashflows and not require any project-specific debt [SINGAPORE] Marco Polo Shipyard, a wholly owned subsidiary of integrated marine logistics…
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China’s central bank pledges to cut RRR, interest rate in 2026
The central bank will make flexible and efficient use of multiple monetary policy [BEIJING] China’s central bank said on Tuesday (Jan 6) it will cut the reserve requirement ratio (RRR)…
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Bank of Japan chief vows to keep raising interest rates
[TOKYO] Bank of Japan Governor Kazuo Ueda said on Monday the central bank will continue to raise interest rates if economic and price developments move in line with its forecasts.…
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Thai baht rally at risk as central bank curbs, elections weigh
[SINGAPORE] The Thai baht’s rally may be losing steam as the central bank steps up efforts to curb the currency’s strength and election risks reemerge, according to strategists. The baht…
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Trump Reportedly Asked Netanyahu To ‘Calm Things Down’ In The West Bank During Mar-a-Lago Meeting
Latin Times President Donald Trump and other top aides asked Israeli Prime Minister Benjamin Netanyahu to “calm things down” in the West Bank to prevent further escalation in the region…
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Singapore: 41-Year-Old Caregiver Admits to Stealing from Elderly Patients, took S$10,000 Using Bank Card
A 41-year-old professional caregiver admitted in court on Monday, December 29, to stealing from two elderly men under his care, including taking one patient’s bank card and withdrawing S$10,000 over…
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South Korea central bank to assess incoming data to decide whether and when to lower rates
[SEOUL] South Korea’s central bank will decide whether and when to implement any further interest rate cuts next year based on a comprehensive assessment of incoming data, it said on…
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Australia central bank saw risk of rate rise in 2026 to contain inflation
Core inflation rose to 3.3 per cent in October, taking it further above the RBA’s target band of 2 per cent to 3 per cent [SYDNEY] Australia’s central bank this…
