JAPAN’S Ministry of Finance has finalised its plan to raise the 10-year Japanese government bond (JGB) coupon rate to 0.4-0.5 per cent from the Jan 5 auction, doubling the current 0.2 per cent, Kyodo news agency said on Monday (Dec 26).
SOME Chinese financial institutions are rushing employees back to office as surging absences of traders and other key personnel over the past week amid the nation’s massive Covid-19 outbreak start to disrupt operations.
SOUTH Korea’s second-largest conglomerate SK Group said on Monday (Dec 26) it is considering selling some of its assets in South-east Asia and reinvesting in other businesses in countries in the region, including Vietnam.
VIETNAM’S Tien Phong Commercial Joint Stock Bank expects its pretax profit to rise 15 per cent next year as the nation’s pioneer in adopting automation technology benefits from cost savings, according to chief executive officer Nguyen Hung.
JASON Moo, who spent more than two decades at Goldman Sachs Group, will become the new chief at the private banking unit of Oversea-Chinese Banking (OCBC), according to a person with knowledge of the matter.
MONEY managers who have avoided the many ups and downs of cryptocurrencies may be feeling relieved for having done so, according to a senior investment strategist at JPMorgan Asset Management.
UOB has appointed Accounting and Corporate Regulatory Authority (Acra) chairman Ong Chong Tee as an independent director, the bank announced on Friday (Dec 23).
CHINA’S key money rate fell to a record low on Friday (Dec 23) after the central bank stepped up its liquidity support to help banks tide over the year-end rush for cash.
