GLOBAL bonds joined US peers in signalling a recession, with a gauge measuring the worldwide yield curve inverting for the first time in at least two decades.
RICHMOND Federal Reserve Bank President Thomas Barkin on Monday said he supports moving to smaller interest-rate hikes in the central bank’s fight to bring down too-high inflation.
PAYMENT firms including Mastercard and Block are banding together with fintech companies to press Canada to move faster on rules that may boost competition in financial services.
GLOBAL investment banks may have been laying off dealmakers and cutting bankers’ pay, but banks in Singapore are looking at a rosier situation as more private monies flow their way and they seek to enhance digital capabilities.
GLOBAL investment banks may have been laying off dealmakers and cutting bankers’ pay, but banks in Singapore are looking at a rosier situation as more private monies flow their way and they seek to enhance digital capabilities.
CREDIT Suisse bonds have fallen, and the cost of insuring exposure to its debt rose on Monday (Nov 28) following reports of fresh troubles at the Swiss lender.
NEW Zealand is likely facing a “shallow” recession as interest rates need to rise further to tame inflation, a top central banker said on Monday (Nov 28), suggesting that a pause in the policy tightening streak was still a distant prospect.
THE Bank of Thailand (BOT) will raise interest rates by a modest quarter-point on Wednesday (Nov 30) for a third straight meeting amid fragile tourism-reliant growth and signs inflation has started to ease, a Reuters poll of economists found.
