Banks
Banks not told of power plant when they gave in-principle loan commitment to Tuaspring project: witness
Consortium sends18 questions to company upon finding out about the higher-risk power plant[SINGAPORE] The consortium of banks which considered financing Hyflux’s Tuaspring project sent the water treatment company a...
Indonesia considers further liquidity injection for state banks
Finance minister says government still assessing impact of 200 trillion rupiah liquidity boost for state banks[JAKARTA] Indonesia is considering injecting more liquidity into the country’s state banks, its finance...
Europe: Shares mark best week since April on boost from banks, healthcare
EUROPEAN shares logged their best weekly showing in five months on Friday with healthcare and miners leading advances on the day as rising bets on a Federal Reserve rate cut...
European banks to launch euro stablecoin in bid to counter US dominance
The new Amsterdam-based company is expected to launch its stablecoin in the second half of next year[FRANKFURT] A consortium of nine European banks, including ING and UniCredit, said on...
As Fed and regional rates fall, Asia’s banks remain attractive yield plays: analysts
Loan growth and risk levels will impact capital availability for dividends in Asean[SINGAPORE] Even as the US Federal Reserve and central banks across Asia begin to cut policy rates,...
Toll Group banks on India’s logistics growth amid rise of ‘quick commerce’
While Singapore is its top Asia market, India is the ‘most exciting’, says executive chairman Thomas Knudsen[SINGAPORE] Toll Group expects its Indian market to rise in prominence in the...
Jeffrey Banks Dishes About Ralph Lauren, Audrey Hepburn and More
After nearly 50 years in the fashion industry, Jeffrey Banks has plenty to unpack. The American designer detailed some of the highlights of his career Thursday night during a...
China’s PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks
[BEIJING] China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and Hungary, the People’s Bank of China (PBOC) said...
Europe: Shares post first weekly loss in four as banks weigh
[BENGALURU] European shares closed lower on Friday (29 Aug), hitting their lowest in over two weeks, weighed down by British banks, while investors assessed economic data in the US...
Russians hoard record US$500 billion in banks lured by high rates
[MOSCOW] Russian households have amassed a record amount of bank deposits as they take advantage of historically high interest rates for savings accounts in the wartime economy. Deposits held by...
