THE US dollar hovered near one-month highs on Tuesday (Feb 7), ahead of a speech by Federal Reserve chairman Jerome Powell that will be scoured by investors for any signals on how high US interest rates may go this year.
CHINA’S central bank has used an artificially strong reference exchange rate to defend a weak currency this year. This intervention has inflicted unintended pain on some.
Recent wage cuts in the financial industry, manufacturing and the state sector have further dented households’ financial health while higher US tariffs...
LIPPO Group is currently awaiting a court verdict on the amount of damages it has to pay UOB after a long legal battle which started in 2014, and the Indonesian company’s woes may not be over.
A FORMER regulator-turned-consultant said that financial institutions should better define "proper conduct", by weeding out toxic sub-cultures and drawing clear paths for staff to call out wrongdoing.
THE US dollar held onto losses on Thursday (Nov 24), after the minutes from the Federal Reserve’s November meeting supported the view that the central bank would downshift and raise rates in smaller steps from its December meeting.
CORE Scientific, one of the biggest publicly traded crypto mining companies in the United States, will soon file for Chapter 11 bankruptcy protection, CNBC reported, citing one person familiar with the matter.
JPMORGAN Chase’s board said an orderly CEO transition was a top priority for the largest US bank in the medium term, more than 18 years after Jamie Dimon took the helm.
