THE Australian and New Zealand dollars nursed heavy losses on Monday, after red-hot US jobs data suggests interest rates will have to rise further, while traders shift their focus to the policy decision from the Reserve Bank of Australia.
CHINESE banks are touting a wide variety of retail lending products as authorities need a pickup in consumer spending to create a more solid foundation for the world’s second-largest economy.
THE Japanese government has approached Bank of Japan (BOJ) deputy governor Masayoshi Amamiya about succeeding Haruhiko Kuroda as head of the central bank, according to a Nikkei report that initially sent the yen tumbling.
STANDARD Chartered has stopped accepting bonds of Adani Group firms as collateral on margin loans, ET Now television channel reported, without saying where it got the information.
COMMONWEALTH Bank of Australia said on Monday it will simplify its financial reporting in upcoming half-year fiscal results to reflect the sale of its wealth management business last year.
AUSTRALIA’S central bank is all but certain to increase interest rates at its first meeting of the year, with some observers pointing to the risk of a resumption of outsized moves to counter a surprising surge in inflation.
INDIAN crypto exchange WazirX said it was transferring funds held with Binance for its operations to other wallets after Binance said it was cutting off the service, the latest in a running dispute between the two companies over their relationship.
SAM Bankman-Fried’s Emergent Fidelity Technologies, an offshore entity that owns 55 million shares of Robinhood Markets, filed for bankruptcy Friday amid a fight over who should get the stock following the collapse of FTX Group.
