BILLIONAIRE Jihan Wu is reshuffling the leadership of his asset manager while shedding 10 per cent of staff at his digital-currency lending firm, the latest signs of turmoil in the crypto industry.
THE latest Singapore Savings Bond (SSBs) allotted on Friday (Jan 27) attracted fewer applications than the amount offered, as the fiscal product’s 10-year average return fell below 3 per cent.
THE baht is set to extend its rally as the Chinese reopening buoys the outlook for tourist arrivals, helping propel Thailand’s growth this year to the highest in five years, according to the nation’s Finance Ministry.
THE Bank of Japan (BOJ) said on Friday (Jan 27) it will extend five-year loans against collateral to financial institutions, the second time it has made such an offer after ramping up the funds-supply operation this month to defend its yield control policy.
BACK-to-back interest-rate increases of 50 basis points are approaching from the European Central Bank (ECB), whose battle with persistent inflation will see it hike borrowing costs until May, according to a survey of economists.
A 50 per cent rally has made shares of HSBC Holdings the most overbought in more than three decades, as investors piled back into the retail favourite given a brighter outlook from China’s reopening.
WELLS Fargo & Co chief executive officer Charles Scharf’s total compensation for 2022 was unchanged at US$24.5 million, the Wall Street bank said in a regulatory filing on Thursday.
