INSURANCE premiums in the Asia-Pacific (Apac) region are set to increase in 2023 and 2024 as interest rates and inflation rise, reversing contractions in 2022, according to reinsurer Swiss Re.
BANK of Japan (BOJ) governor Haruhiko Kuroda said on Friday (Nov 18) wages must rise by around 3 per cent for inflation to sustainably hit the bank’s 2 per cent target, stressing the need to avoid raising interest rates until the economy strengthens enough to further drive up pay....
SHARP declines in Chinese bond prices as the government takes steps to boost the economy have prompted an investor outcry and a rush of redemptions, putting pressure on asset managers to restore confidence in their fixed-income products.
BROOKFIELD Asset Management Inc plans to expand into Saudi Arabia, joining BlackRock Inc and global banks to tap investment opportunities in the biggest Gulf economy.
THE US dollar rose on Thursday (Nov 17) as investors digested mixed US economic data, while the British pound fell as the UK government unveiled its latest budget update.
CHINA’S securities regulator has appointed a new head for its department leading talks aimed at resolving a lengthy US-China dispute over company auditing and also has oversight of Chinese companies’ offshore listings, two people told Reuters.
Five of the most-hyped technology initial public offerings (IPO) in India over the past 16 months have floundered since listing, shedding more than US$18 billion in value.
INDONESIA’S central bank raised its key interest rate by 50 basis points for a third consecutive monthly meeting as it sought to rein in inflation expectations while supporting the rupiah.
THE Philippine central bank delivered its second 75 basis-point interest-rate increase of this year, as it sought to support the peso and cool inflation by matching the pace of hikes by the Federal Reserve.
A CONSORTIUM led by Perennial Holdings has secured a S$3 billion green loan to finance the redevelopment of 8 Shenton Way.