A unit of Japan’s SoftBank Group is selling a 4.5 per cent stake in the parent of India’s leading digital payments brand Paytm, seeking to pare back its holding in a company whose share has tumbled 72 per cent since its initial public offering (IPO) last year.
A world-beating rally across Asian markets is starting to look precarious as some analysts caution China reopening euphoria will give way to the sober reality of a looming global recession.
EUROPEAN Central Bank (ECB) policymakers may slow down interest-rate hiking with only a 50 basis-point increase next month, according to people with knowledge of the matter.
There is likely to be room to tokenise all investment instruments, given the benefits of blockchain technology such as increased liquidity, wider access and higher efficiency, said the members of a discussion panel on Wednesday (Nov 16).
THE US dollar slid back on Wednesday (Nov 16) towards the multi-month lows it hit a day earlier after the flight to the safe-haven greenback caused by a missile strike on Poland reversed, as it emerged the blast was likely caused by Ukrainian air defences.
Cryptocurrency exchange Binance expects it will benefit from growth in the industry as a whole, given its size and market share, its founder and chief executive Zhao Changpeng has said.
INDIA’S largest lender State Bank of India (SBI) expects corporate loans to grow at a pace of 14 per cent to 15 per cent this financial year and at about 12 per cent on average over the next two years, a top executive from the bank said on Wednesday...
Leaders of the G20 said on Wednesday (Nov 16) that their central banks will continue to calibrate the pace of monetary policy tightening, and to do so in a way that limits “cross-country spillovers”.
Zurich Insurance Group set more ambitious financial targets for the next three years on Wednesday (Nov 16) as insurers benefit from rising premium rates.
