UK-FOCUSED equity funds registered £868 million (S$1.4 billion) of outflows in January, in sharp contrast to global funds, which attracted investments as markets rebounded, said funds network Calastone on Tuesday (Feb 7).
BNP Paribas plans to buy back five billion euros (S$7.1 billion) of shares after the sale of its US unit. It has also raised its profitability targets, as traders posted a quarter that beat many Wall Street peers.
AUSTRALIA’S central bank on Tuesday hiked interest rates to a 10-year high as it tries to rein in surging inflation while also trying not to trigger a recession.
INDIA’S central bank is poised to deliver its final interest-rate increase in the current tightening cycle, amid signs of cooling inflation and weakening growth.
CASH flows into US sustainable funds plummeted last year as the broader market took a beating and anti-ESG crusaders targeted money managers including BlackRock for “woke capitalism”.
BINANCE, the world’s largest cryptocurrency exchange, said it’s temporarily suspending deposits and withdrawals of US dollars using bank accounts, and will work to restart the service soon.
The Bank of England (BOE) and the UK Treasury stepped up work on creating a digital currency to sit alongside physical banknotes and sought to allay concerns that the work could threaten the stability of banks.
CREDIT Suisse Group is delaying a much-anticipated compensation day for some of its bankers, further straining its relationship with employees as it restructures its Wall Street operations, according to people familiar with the matter.
THE calculus behind the People’s Bank of China’s (PBOC) pledge to use monetary policy to bolster the economy has been altered by the faster-than-expected recovery following the scrapping of Covid restrictions.
