NEW Zealand is likely facing a “shallow” recession as interest rates need to rise further to tame inflation, a top central banker said on Monday (Nov 28), suggesting that a pause in the policy tightening streak was still a distant prospect.
THE Bank of Thailand (BOT) will raise interest rates by a modest quarter-point on Wednesday (Nov 30) for a third straight meeting amid fragile tourism-reliant growth and signs inflation has started to ease, a Reuters poll of economists found.
THE yuan fell, the Australian dollar led commodity currencies lower and the greenback strengthened against most major peers as protests in China against Covid curbs cast a shadow over risk sentiment in global markets.
LIKE many e-commerce players, home-grown digital commerce solutions provider SCI Ecommerce saw exponential growth during Covid-19, as brick-and-mortar retailers flocked online.
THE European Central Bank (ECB)will likely increase interest rates by smaller increments next year if further hikes are needed, governing council member Gabriel Makhlouf was quoted as saying on Sunday (Nov 27).
THE European Central Bank (ECB) will likely increase interest rates by smaller increments next year if further hikes are needed, governing council member Gabriel Makhlouf was quoted as saying on Sunday (Nov 27).
FRENCH insurance broker April Group said private equity firm KKR & Co has become its new majority shareholder, according to a statement posted on its website.
FUND managers have to learn to do more in the private assets space and adapt their product offerings to suit changing investor tastes, said Fidelity International’s chief executive Anne Richards.
YANGZIJIANG Financial’s wholly-owned subsidiaries have secured a liquidity pool scheme by the People’s Bank of China that will allow the group to grant inter-company transfers of up to 10 billion yuan (S$1.9 billion).
