THE yuan fell, the Australian dollar led commodity currencies lower and the greenback strengthened against most major peers as protests in China against Covid curbs cast a shadow over risk sentiment in global markets.
LIKE many e-commerce players, home-grown digital commerce solutions provider SCI Ecommerce saw exponential growth during Covid-19, as brick-and-mortar retailers flocked online.
THE European Central Bank (ECB)will likely increase interest rates by smaller increments next year if further hikes are needed, governing council member Gabriel Makhlouf was quoted as saying on Sunday (Nov 27).
THE European Central Bank (ECB) will likely increase interest rates by smaller increments next year if further hikes are needed, governing council member Gabriel Makhlouf was quoted as saying on Sunday (Nov 27).
FRENCH insurance broker April Group said private equity firm KKR & Co has become its new majority shareholder, according to a statement posted on its website.
FUND managers have to learn to do more in the private assets space and adapt their product offerings to suit changing investor tastes, said Fidelity International’s chief executive Anne Richards.
YANGZIJIANG Financial’s wholly-owned subsidiaries have secured a liquidity pool scheme by the People’s Bank of China that will allow the group to grant inter-company transfers of up to 10 billion yuan (S$1.9 billion).
CHINA’S central bank will offer cheap loans to financial firms for buying bonds issued by property developers, four people with direct knowledge of the matter said, the strongest policy support yet for the crisis-hit sector.
DEUTSCHE Bank sees room to expand its deals business in Asia and is looking to hire selectively even as some rivals turn wary amid a sharp slowdown in China.
