INDIAN asset reconstruction companies, which once attracted global investors on hopes of large fees in the resolution of soured loans, are losing lustre as the bad loan situation improves and regulatory changes bite.
JAPANESE long-term bond yields came off their highs on Friday (Dec 30) after the central bank carried out special bond purchase operations for a third consecutive day, and as dollar yields too dipped in thin trading on the final working day of the year.
THE Securities Commission of the Bahamas directed the transfer of all digital assets in FTX’s Bahamas unit FTX Digital Markets that were valued at more than US$3.5 billion to digital wallets controlled by the commission, it said on Thursday (Dec 29).
THE Securities Commission of the Bahamas said on Thursday (Dec 29) that it is holding FTX assets worth US$3.5 billion based on market pricing at the time of transfer on a temporary basis to deliver them to customers and creditors who own them.
MICROSTRATEGY shares touched the lowest level since August 2020 after the enterprise-software firm, better known in recent years as the largest corporate buyer of Bitcoin, disclosed its first ever sale of the token.
ISSUANCE volumes of environmental, social and governance (ESG) bonds are set to recover in 2023 as interest rates stabilise and inflation subsides, market analysts told The Business Times.
CHINA’S banking and insurance regulator on Thursday (Dec 29) issued draft rules to step up supervision and management of commercial banks’ custody business.
MANY are unaware that spot SORA, or the daily overnight rate, has been trending down below 3 per cent in recent weeks. On some days, it even dropped below 2 per cent.
SAM Bankman-Fried is expected to enter a plea next week to criminal charges he defrauded investors and looted billions of dollars in customer funds at his failed FTX cryptocurrency exchange.
FORMER Bank of Japan Deputy Governor Hirohide Yamaguchi, a vocal critic of Governor Haruhiko Kuroda’s stimulus programme, is emerging as a strong candidate to become next head of the central bank, the Sankei newspaper reported on Thursday.
