IN normal times, Chancellor of the Exchequer Jeremy Hunt’s decision to pump more than £20 billion (S$32.6 billion) a year into the UK economy might tip the Bank of England (BOE) towards raising interest rates again.
EUROPEAN Central Bank (ECB) officials are about to make one of the most consequential decisions in months as they judge whether market turmoil centring on Credit Suisse Group is bad enough to derail a long-touted interest-rate hike.
THE long-brewing troubles at Credit Suisse Group exploded into a full-blown crisis on Wednesday (Mar 15) as its stock and bonds cratered and some of the world’s biggest banks raced to shield their finances from the potential fallout.
THE long-brewing troubles at Credit Suisse Group exploded into a full-blown crisis on Wednesday (Mar 15) as its stock and bonds cratered and some of the world’s biggest banks raced to shield their finances from the potential fallout.
SWISS authorities and Credit Suisse Group are discussing ways to stabilise the bank, according to people familiar with the matter, after comments by its biggest shareholder and broader financial market jitters helped trigger a plunge in the stock on Wednesday (Mar 15).
THE European Central Bank has contacted banks on its watch to quiz them on their exposure to struggling Swiss lender Credit Suisse, two supervisory sources told Reuters.
THE operator of the world’s fifth-largest stablecoin has moved US$1 billion in reserves backing the token to a bank in the Bahamas, as digital-asset firms continue to seek alternative homes for their cash following the collapse of several crypto-friendly lenders in the US.
A NEW social enterprise-focused fund, managed by Singapore venture firm Heritas Capital, has hit its first close of more than US$20 million. DBS is its anchor investor.
A NEW social enterprise-focused fund, managed by Singapore venture firm Heritas Capital, has hit its first close of more than US$20 million. DBS is its anchor investor.
SMALL and loss-making – these are some of the common perceptions about social enterprises. But of the over 3 million social enterprises in Asia, many are in fact profitable and anticipating growth, yet face “severe underfunding”, highlights venture capitalist Chik Wai Chiew.
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