THE distress spread across cryptocurrencies by the meltdown of Sam Bankman-Fried’s FTX is fracturing the link the tokens once had with other financial assets, a sign that Bitcoin’s influence on global markets may be diminishing.
ASIA-HEADQUARTERED fund managers have much to do to catch up in terms of environmental, social and governance (ESG) efforts, found a report by international law firm Morrison Foerster published on Monday (Nov 14).
THE Monetary Authority of Singapore (MAS) has called on consumers to “exercise utmost caution when trading in cryptocurrency,” in its responses to queries about FTX and its operations here.
BANK of Japan (BOJ) governor Haruhiko Kuroda said on Monday (Nov 14) the central bank would stick to monetary easing to support the economy for the present in order to achieve sustainable and stable inflation accompanied by wage growth.
THE Singapore Fintech Festival (SFF) this year drew the largest turnout yet, receiving a record 62,000 participants from over 115 countries, the highest since its inception in 2016, said organiser Monetary Authority of Singapore (MAS) on Monday (Nov 14).
THE US Federal Reserve may consider slowing the pace of rate increases at its next meeting but that should not be seen as a “softening” in its commitment to lower inflation, Federal Reserve Gov. Christopher Waller said on Sunday.
INDONESIA will make another attempt to enact far-reaching reform for its financial system that could include expanding the central bank’s mandate and paving the way for debt monetisation during crises.
AUSTRALIA and New Zealand Banking Group on Monday said it would contribute A$42 million (S$38.5 million) to settle a class action lawsuit brought by law firm Slater & Gordon in 2020 over the sale of three consumer credit insurance products.
Deutsche Bank chief executive officer Christian Sewing said the war in Ukraine and inflation globally have delayed its clients’ environmental, social and governance (ESG) projects even as the long-term shift to sustainability is now “irreversible”.
THE results of Singapore’s latest six-month Treasury bill (T-bill) auction, with a cut-off yield of 4 per cent, were delayed on Thursday (Nov 10) by over five hours due to a record-high volume of applications.












