Featured

CHINA’S Sunshine Insurance Group ended flat in its trading debut after Hong Kong’s fourth-largest deal this year, potentially the last big listing in the Asian hub before the end of 2022.

CHINA will issue 750 billion yuan (S$145.9 billion) three-year special treasury bonds on Dec 12, the finance ministry said in a statement on Friday (Dec 9), as the economy was hobbled by Covid woes and a property downturn.

BRITAIN on Friday (Dec 9) hit the UK arm of Spanish banking giant Santander with a fine of almost £108 million ($S154 million), after uncovering “serious and persistent gaps” in its anti-money laundering controls.

INDIAN banks have raised US$2 billion through infrastructure bonds over the last two weeks, anticipating a revival in private capital expenditure and increased government spending, analysts said.

INVESTORS are becoming more bullish on shares linked to sustainability in Asia, betting on a comeback next year due to attractive valuations and trends such as China’s reopening and policy support.

BRITISH shoppers used cash in only 15 per cent of transactions in 2021, half the level of the year before and down from nearly 40 per cent before the Covid-19 pandemic, retailers said on Friday. The British Retail Consortium said government advice to go contactless during the pandemic, as well...

WORLD Bank President David Malpass on Thursday told senior Chinese government officials that Beijing needs to do more to ease the debt burdens on developing economies, the development lender said.

CREDIT Suisse Group completed a 4 billion-franc (S$5.8 billion), two-pronged capital increase, giving chief executive officer Ulrich Koerner the funds needed to embark on a comprehensive restructuring of the troubled lender.

CITIGROUP’S ultra-wealthy clients are ploughing money into fixed income.

BRITAIN will set out reforms on Friday to ease bank capital rules, one of 30 measures the government says will unlock investment and secure its position as the world’s “foremost financial centre”.