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Chinese banks maintain lending rates as PBOC signals caution

CHINESE banks maintained their benchmark lending rates for a third month after the central bank kept its key rates unchanged last week and signalled more concern about the inflation outlook.

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Banks woo savers for fixed deposits as mortgage rates climb

JUST one week after raising mortgage rates, lenders in Singapore are now locked in a competition for cash, luring savers with higher fixed deposit rates just weeks after increasing interest rates on savings accounts.

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Billions of dollars flee to crypto’s decentralised roots after FTX collapse

DIGITAL-ASSET investors are flocking to crypto’s decentralised heartland after witnessing the collapse of Sam Bankman-Fried’s FTX exchange.

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Crypto whistleblowers in line for multimillion-dollar payouts

THE head of the Commodity Futures Trading Commission (CFTC)has urged crypto industry whistleblowers to come forward in the aftermath of FTX Group’s implosion, saying tipsters have previously received millions of dollars for their help.

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Lagarde says rates to rise more, may need to become restrictive

European Central Bank President Christine Lagarde said interest rates may need to be lifted to levels that restrict economic expansion in order to drive down inflation that’s rocketed to more than five times the official target.

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Sunshine Insurance receives HKEX approval for US$1b IPO: sources

China’s Sunshine Insurance Group has received approval from the Hong Kong stock exchange for an initial public offering that could raise about US$1 billion, according to people familiar with the matter.

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Goldman’s JV with ICBC raises US$21m in maiden China wealth product

GOLDMAN Sachs’ majority-owned asset management venture with Chinese state lender Industrial and Commercial Bank of China (ICBC) raised 149.41 million yuan (S$28.8 million) in its first product, according to a statement.

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Apac insurance premiums set to rise 3.9% in 2023 and 2024: Swiss Re

INSURANCE premiums in the Asia-Pacific (Apac) region are set to increase in 2023 and 2024, reversing contractions in 2022.

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Apac insurance premiums set to rise 2.2% in 2023 and 2024: Swiss Re

INSURANCE premiums in the Asia-Pacific (Apac) region are set to increase in 2023 and 2024 as interest rates and inflation rise, reversing contractions in 2022, according to reinsurer Swiss Re.

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BOJ governor Kuroda rules out rate hike until wages rise more

BANK of Japan (BOJ) governor Haruhiko Kuroda said on Friday (Nov 18) wages must rise by around 3 per cent for inflation to sustainably hit the bank’s 2 per cent target, stressing the need to avoid raising interest rates until the economy strengthens enough to further drive up pay....

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