ASIA’S central banks may need to raise interest rates further if core inflation does not show clear signs of returning to target, according to the International Monetary Fund (IMF).
ASIA’S central banks may need to raise interest rates further if core inflation does not show clear signs of returning to target, according to the International Monetary Fund (IMF).
AUSTRALIA’S central bank, startled by the risk that inflation could prove stickier than previously thought, abandoned all thought of pausing at its February policy meeting and signalled more rate hikes would be needed in the months ahead.
IN October, Hong Kong rolled out the red carpet for crypto businesses to help revitalise the embattled financial hub. Signs are now emerging the push has under-the-radar backing from Beijing, providing impetus for mainland Chinese firms to return.
HONG Kong outlined a plan to let retail investors trade digital tokens like Bitcoin and Ether, taking a major step towards its goal of becoming a crypto hub in a policy shift that contrasts with a crackdown in the US.
GALOIS Capital, a crypto investment firm known for betting against the Luna token before its implosion last year, is closing its flagship fund after it was hit by the collapse of cryptocurrency exchange FTX.
BAIN Capital is expecting a recovery in China’s US$539 billion private equity market as early as this year, though the industry may struggle in reaching past levels of deal activity.
COMMERZBANK will rejoin Germany’s DAX Index, four years after the lender got booted to make way for then-rising star Wirecard only to see the payments company collapse in an accounting scandal.
JAPANESE government bond (JGB) yields ticked higher on Monday (Feb 20) following spikes in Treasury yields last week, as investors bet on higher US interest rates for longer.
CHINESE lenders followed the central bank by keeping their benchmark lending rates unchanged on Monday (Feb 20), with analysts expecting possible reductions in the coming months to support the economic recovery.
