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NEW China Fund Management plans to cut as many as 30 per cent of employees as its new shareholder seeks to revive growth following an asset slump, according to people familiar with the matter.

HSBC’s China unit said on Tuesday (Mar 7) it has not been told by regulators to restrict outbound remittances and was unaware of recent capital outflow curbs, after billionaire Mark Mobius, its client, said he could not take money out of the country.

AUSTRALIA’S central bank raised its cash rate 25 basis points to the highest in more than a decade at 3.60 per cent on Tuesday and said it expects further tightening will be needed to curb inflation.

AUSTRALIA’S central bank raised its cash rate to the highest in more than a decade on Tuesday (Mar 7), but suggested it might be nearly done tightening as consumer spending was slowing and there was less risk of a wages-driven inflation blow-out.

IT is becoming a lot harder for crypto companies to access dollars to buy digital assets as the network of payment providers shrink in the US.

US banks are being forced to do something they haven’t done for 15 years: fight for deposits.

SHARES of Silvergate Capital Corp fell 10 per cent in early trading on Monday (Mar 6) after the bank suspended its crypto payments network and expressed doubts over the viability of its business.

INDIA’S Unified Payments Interface (UPI) – an instant real-time payments system that allows users to transfer money across multiple banks without disclosing bank account details – has in recent weeks expanded its reach to ease cross-border payments between the world’s fifth largest economy and over a dozen foreign...

INDIA’S Unified Payments Interface (UPI) – an instant real-time payments system that allows users to transfer money across multiple banks without disclosing bank account details – has in recent weeks expanded its reach to ease cross-border payments between the world’s fifth largest economy and over a dozen foreign...

CRYPTO exchange Bybit is suspending US dollar-denominated deposits and withdrawals via bank transfers, including Swift payments.