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CHINA asked some of the nation’s biggest banks to help stabilise the domestic bond market after a wave of fund redemptions by retail investors fuelled the biggest credit selloff since 2015, according to people familiar with the matter.

THE International Monetary Fund has declined a request from UK lawmakers to explain to Parliament why it made an unsolicited attack on the former government’s budget shortly before the plan imploded.

YIELDS on super-long Japanese government bonds (JGBs) fell on Wednesday (Dec 14), tracking US Treasury yields lower, as lower than expected inflation data raised optimism for a slower pace of the Federal Reserve’s interest rate hikes.

DEPOSITS are returning and “things seem to have stabilised” at Binance, its chief executive said on Wednesday (DEc 14), a day after it had a sharp increase in withdrawals and paused some stablecoin transactions.

HSBC will no longer provide new lending or capital markets finance for new oil and gas fields, the British bank said on Wednesday (Dec 14), as part of a wider update to its energy policy.

ABU Dhabi funds, led by the Abu Dhabi Developmental Holding Company (ADQ), are in talks to buy a stake worth about US$855 million in Phoenix Group, an Israeli financial services firm.

THE Monetary Authority of Singapore (MAS) on Wednesday (Dec 14) issued an eight-year prohibition order against Selvarajulu S/O Subramaniam, a former insurance agent with Great Eastern Life Assurance.

THE Monetary Authority of Singapore (MAS) on Wednesday (Dec 14) issued an eight-year prohibition order against Selvarajulu Subramaniam, a former insurance agent with Great Eastern Life Assurance.

SAM Bankman-Fried, the second biggest Democratic donor in the 2022 election cycle, is charged with violating campaign finance laws, in what could be the biggest infusion of illegal corporate money into US politics in decades. The FTX founder and two other top executives at the bankrupt crypto empire have lavished...

TWO of the three largest new share sales in Japan this year are set to debut in Tokyo on Wednesday after both companies successfully priced shares at the top of the marketed range.