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Moody’s downgrades Vietnam’s banks to ‘stable’ on real estate headwinds

CREDIT rating agency Moody’s on Monday (Jan 30) changed its outlook on Vietnam’s banking system from “positive” to “stable”. The downgrade comes amid growing asset risks from stress in the real estate sector, and deteriorating profitability due to higher funding costs.

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Australian dollar sideswiped by dire data, still up on month

THE Australian dollar wobbled on Tuesday after data showed retail spending took a shock tumble in December and likely dragged on economic growth, trimming expectations for how much further interest rates might have to rise.

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Central banks told to keep rate hiking until inflation all-clear

GLOBAL central banks mustn’t let up on raising interest rates until it’s absolutely clear that inflation is durably retreating, according to a senior International Monetary Fund (IMF) official.

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Fed funds borrowing leaps to new high as banks scramble for cash

TRADING in a key overnight funding market surged to the highest in at least seven years, an indication Federal Reserve tightening is putting increasing pressure on liquidity in the banking system.

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Malaysia PM Anwar tells Goldman to pay up on 1MDB settlement

MALAYSIAN Prime Minister Anwar Ibrahim demanded that Goldman Sachs Group honour its settlement with the government for its role in the 1MDB scandal, saying the Wall Street firm shouldn’t use its financial strength to dictate terms.

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Pay up on 1MDB settlement, Anwar tells Goldman

MALAYSIAN Prime Minister Anwar Ibrahim demanded that Goldman Sachs Group honour its settlement with the government for its role in the 1MDB scandal, saying the Wall Street firm shouldn’t use its financial strength to dictate terms.

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BlockFi approved to set up auction for crypto mining business

BLOCKFI won bankruptcy court approval to set up an auction for the crypto lender’s digital coin mining business.

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NFTs coming to Bitcoin sparks handwringing about crypto purists

NON-fungible tokens (NFTs) are coming to the Bitcoin blockchain, sparking a debate among those who say the digital representations add a much-needed fresh use case and the purists concerned about deviating too far from the origins of the peer-to-peer cryptocurrency network.

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Hong Kong seeks to revive crypto sector wrecked by FTX debacle

HONG Kong is sticking with a plan to become Asia’s digital-asset capital despite the industry’s tarnished reputation, a stance drawing tentative interest from bruised crypto firms looking for paths to recovery.

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Israeli PM invokes Goldman Sachs and JPMorgan in economic defence

ISRAELI Prime Minister Benjamin Netanyahu has invoked Wall Street investment banks Goldman Sachs Group and JPMorgan Chase to rebuff warnings of a market backlash against his government’s plans to reshape the judiciary.

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