DBS on Thursday (Mar 9) reported a 7.8 per cent drop in financed emissions towards the oil and gas (O&G) sector on a reduction in absolute emissions among some of its clients last year.
DBS lowered the emissions that it finances in most key sectors in 2022, putting it mostly on track to meet its decarbonisation goals, according to the bank’s first sustainability report since announcing its net zero targets in September 2022.
THE European Central Bank (ECB) plans to test the cyber resilience of the eurozone’s top banks after a sharp rise in cyberattacks, including after Russia’s invasion of Ukraine, ECB supervisory chief Andrea Enria told a Lithuanian newspaper.
EURO area government bond yields headed back towards multi-year highs on Thursday (Mar 9), as central bank commentary had investors bracing for interest rates to rise and stay there longer than previously expected.
EMERGING markets are facing their demons, as traders mull whether US Federal Reserve interest rates will rise as high as 6 per cent – a level that could kick weaker countries when they are down, while diverging global growth paths and China’s reopening might cushion some of the blow...
MALAYSIA kept its benchmark interest rate unchanged for a second straight meeting on Thursday (Mar 9), as the central bank continues to assess the effects of last year’s monetary tightening on inflation and growth.
Malaysia’s central bank maintained its benchmark interest rates for a second successive meeting, a widely expected move with most analysts of the view that the country is in the final cycle of rate hikes.
Malaysia’s central bank maintained its benchmark interest rates for a second successive meeting, a widely expected move with most analysts of the view that the country is in the final cycle of rate hikes.
CREDIT Suisse has postponed publication of its annual report after a last-minute call from the US Securities and Exchange Commission (SEC), which raised questions about its earlier financial statements.
BITCOIN fell to a three-week low, sapped by the collapse of crypto-friendly bank Silvergate Capital and the prospect of higher-than-expected central bank interest rates.












