THE European Central Bank raised interest rates again by another half a percentage point on Thursday (Feb 2) and pencilled in at least one more hike of the same magnitude next month.
THE Monetary Authority of Singapore (MAS) is proposing new laws that will give it more teeth to regulate financial services in the Republic amid emerging risks, such as those brought on by the wider provision of digital services.
MYANMAR’S largest micro-finance provider – the US-based Pact Global Microfinance Fund (PGMF) – will cease operations for good on Friday (Jun 30) after failing to meet a regime deadline to register itself as a commercial enterprise or face criminal charges.
JOSH Longhurst has a savings account with the British bank Nationwide Building Society that pays him 5 per cent per annum on up to £2,500 (S$4,250) of his balance.
US REGIONAL banks may need to raise significant amounts of additional debt to comply with new regulatory requirements, but the extra capital might not be enough to prevent future failures, according to research published on Wednesday (Sep 6).
THE Australian and New Zealand dollars got a much needed lift on Tuesday as a surprise policy easing in China revived hopes that meaningful stimulus was on the way, even as data from the Asian giant proved worryingly weak.
