Featured Archives • Page 831 of 1246 • Financial News

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Higher interest rates hit reinsurance capital, combining with climate change to push insurance costs up

THE pool of funds available for reinsurance will decline as rising interest rates and a volatile market put heightened pressure on the sector. In the long run, climate change is likely to also raise the cost of capital for reinsurers.

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US dollar holds losses as Fed minutes signal slower rate hikes

THE US dollar held onto losses on Thursday (Nov 24), after the minutes from the Federal Reserve’s November meeting supported the view that the central bank would downshift and raise rates in smaller steps from its December meeting.

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Credit Suisse clients flee to UBS in Asia as rich weigh options

UBS Group has seen significant inflows into its Asia-Pacific wealth management over the past three months from clients fleeing Credit Suisse Group, as its smaller Swiss rival struggles with a crisis of confidence.

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Latest Singapore’s Treasury bill offers 3.9% in yield

THE latest six-month Treasury bills (T-bills) issued by the Singapore government emerged 2.5 times oversubscribed, causing a delay to the publication of the results of the auction on Thursday (Nov 24).

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Yield for latest Singapore Treasury bill falls to 3.9% as more go for competitive bids

AS THE proportion of non-competitive applications shifted in favour of competitive bids with a specified yield, the cut-off yield on the latest Singapore six-month Treasury bill (T-bill) fell to 3.9 per cent on Thursday (Nov 24), from 4 per cent a fortnight ago.

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Billionaire investor Ackman bets Hong Kong dollar peg can break

BILLIONAIRE investor Bill Ackman said he’s betting the Hong Kong dollar will fall and that its peg to the US dollar can break, the latest big money manager to take a public short bet as US rate hikes turn the blowtorch on Hong Kong’s currency system.

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Nearly a third of financial claims involve fraud and scams: Fidrec

FRAUD and scams accounted for nearly a third of claims handled by the Financial Industry Disputes Resolution Centre (Fidrec) for the financial year spanning Jul 1, 2021 to Jun 30, 2022.

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China state banks pledge at least 270b yuan to builders

CHINA’S mega state-owned banks are offering at least 270 billion yuan (S$52 billion) in new credit to property developers as part of the nation’s push to ease the turmoil in the real estate market.

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Coinbase debt was ‘canary in the coal mine’ for crypto meltdown

IN the wake of the spectacular meltdown of Sam Bankman-Fried’s crypto empire, many investors are looking for early warning signs that may have foretold the contagion that was about to unfold. One possibility? Coinbase Global’s junk bonds.

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Fidelity to join mutual fund-to-ETF club with US$430m flip

FIDELITY Investments, one of the country’s largest asset managers, is making its first foray into converting some of its mutual funds into ETFs.

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