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PBOC offers most cash support since 2020 as debt sales surge

CHINA’S central bank is making the biggest medium-term liquidity injection since 2020, stepping up efforts to support the nation’s economic recovery and debt sales.

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Bitcoin drops anew on fears of sales from Mt Gox distributions

BITCOIN is under pressure again on concerns about possible sales of the token by creditors of the failed Mt Gox exchange, which has begun returning a roughly US$8 billion hoard of the largest digital asset.

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Malaysia’s overnight policy rate on track to hit 3% in 2023: Maybank Investment Bank

Malaysia’s central bank is expected to raise its key overnight policy (OPR) by 25 basis points this Wednesday (Jul 6) after its next monetary policy committee meeting, said Maybank Investment Bank (Maybank IB) chief economist Suhaimi Ilias at a media briefing on Monday.

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UBS to open Abu Dhabi office as more clients move to Mideast

Abu Dhabi has emerged as a magnet for the world’s wealthiest people over the past few years

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Faster, better, cheaper: leveraging fintech for remittance services

AT first glance, South-east Asia's financial services seem to be readily available to all because of fintech's growth. Many financial institutions in the region are already providing digital services for those who are "banked" or have access to traditional financial services.

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Commerzbank warns UniCredit merger is threat to German businesses, FT reports

COMMERZBANK’S management has warned the German government that a potential multibillion euro merger with Italy’s second-largest bank UniCredit is a threat to businesses that make up the backbone of Europe’s biggest economy, the Financial Times reported on Monday.

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Thailand hunts for central bank chief with ‘modern ideas’

THAILAND has started the search for a new central bank governor with “modern ideas” who can work closely with the state, as...

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AI tech startup ComplyAdvantage nabs US$50m in Series C funding

LONDON-BASED ComplyAdvantage, which uses artificial intelligence (AI) to fight financial crime, has bagged US$50 million in Series C funding.

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Repo rates rise even after Federal Reserve tweak meant to dampen volatility

KEY rates tied to the US overnight funding market are rising, even after the Federal Reserve adjusted some of its tools in...

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Binance pulls out of Singapore, shuts down trading effective immediately

BINANCE Singapore unit has withdrawn its application for a crypto permit by the Monetary Authority of Singapore (MAS) to operate in the city-state, and will shut down its operations in the financial hub by Feb 13, it said in a statement on Monday (Dec 13).

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