THE Australian and New Zealand dollars were licking their wounds on Wednesday after a sharp rally in the U.S. dollar wrongfooted the market, while bond benefited from more signs of a cooling in global inflation.
SAM Bankman-Fried pleaded not guilty on Tuesday (Jan 3) to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange and caused billions of dollars in losses, in what prosecutors have called an “epic” fraud.
CRYPTOCURRENCIES are starting the year with a whimper as trading volumes remain desiccated in the wake of 2022’s numerous industry scandals and meltdowns.
THE top US bank regulators issued a fresh warning to lenders about the risks associated with delving into crypto.
BLACKROCK, Citigroup, and JPMorgan Chase & Co are among 11 financial institutions that are facing pushback from Kentucky after being deemed hostile to the fossil fuel industry.
GLOBAL insurers face a testing 2023, as reinsurers hike rates on key business lines by as much as 200 per cent from Jan 1, and pull back from underwriting risk in Russia, Ukraine and Belarus. This was indicated by reinsurance brokers’ reports on Tuesday (Jan 3).
THE interest rates for the latest Singapore Savings Bond (SSB) have further slipped to 2.84 per cent for the first year and 2.97 per cent for the 10-year average, even as other short-term market investment products offer yields around 4 per cent.
THE interest rates for the latest Singapore Savings Bond (SSB) have further slipped to 2.84 per cent for the first year and 2.97 per cent for the 10-year average, even as other short-term market investment products offer yields of around 4 per cent.
STATE-RUN companies in India will continue to be exempt from the minimum public shareholding (MPS) norm that requires listed companies to maintain a 25 per cent public shareholding, the government said late on Monday (Jan 2).
CHINA’S securities regulator said it would fully check securities firms’ financing needs, after Huatai Securities proposed a share placement plan that would be one of the biggest in the country’s brokerage industry.
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