MALAYSIA’S central bank will deliver its fifth consecutive quarter percentage point hike on Thursday in its effort to keep high inflation under check and provide support to a struggling currency, a Reuters poll found.
BANK of England (BOE) governor Andrew Bailey questioned the need for a digital pound on Monday (Jan 16) just as eurozone finance ministers backed further preparatory work on a digital euro.
JAPAN is urging the world’s regulators to treat crypto as strictly as they do banks, adding to the calls for tougher rules following the collapse of Sam Bankman-Fried’s FTX digital-asset exchange.
BINANCE, the operator of the world’s biggest crypto exchange, will allow institutional investors to keep the collateral for leveraged positions off the platform, a move to ease concerns caused by the collapse of one-time rival FTX.
BANNING commission-based sales of financial products from banks and insurers would be a “serious setback” to the European Union’s (EU) capital market, and would limit choice for consumers, Germany’s finance minister Christian Lindner said.
BANNING commission-based sales of financial products from banks and insurers would be a “serious setback” to the European Union’s (EU) capital market, and would limit choice for consumers, Germany’s finance minister Christian Lindner said.
STERLING fell against the euro and the US dollar on Monday (Jan 16), with traders awaiting UK jobs and inflation data due later this week for clues on Bank of England (BoE) monetary policy plans.
CREDIT Suisse could slash more than 10 per cent of its investment banking staff in Europe, the Financial Times newspaper reported, with the beleaguered Swiss lender declining to comment Monday (Jan 16).
THE European Central Bank’s (ECB) battle with inflation may end within half a year as policymakers begin to reverse rate hikes as soon as July, according to economists polled by Bloomberg.
