Banking & Finance
IMF expects ECB to raise rates by half a percentage point in 2026
The ECB’s main interest rate is currently set at 2 per cent
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
The Singaporean bank has a presence in Indonesia with its Jakarta-listed subsidiary Bank OCBC NISP Tbk
Charles Schwab revenue misses estimates even as client assets climb
The firm has reported a 39% increase in daily average trades in March compared with a year earlier
BOJ chief avoids hints of April rate hike, shattering hawkish market bets
Uncertainty stemming from the Middle East conflict remains high
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G7 finance chiefs say it is urgent to limit Middle East war’s cost to global economy
[WASHINGTON] Finance chiefs of the Group of Seven nations on Thursday said it was urgent to limit the cost to the global economy of an enduring Middle East war and “reaffirmed the pressing need to mov...
ECB policymakers play down April rate hike chances
[WASHINGTON] European Central Bank policymakers played down the chance of a rate hike as soon as this month, arguing that more data will be needed and the precise timing of a move was of secondary imp...
Rupiah hits record low against Singdollar, threatening Indonesian arrivals and trade
[SINGAPORE] Indonesia’s rupiah hit a fresh low against the Singapore dollar on April 15, weighed down by rising oil prices linked to the Iran war and capital outflows from the country’s bond and equit...
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
The lender instead allocates half that amount to a two-year capital return plan
Brazilian payments unicorn Ebanx makes South-east Asia push
Investments for this year’s expansion will be financed by the firm’s cash on hand
Trump’s quest for more sway over Fed faces fresh hurdles
Jerome Powell’s term as chair of the Federal Reserve ends on May 15, but it appears increasingly likely that he will stay on in some capacity at the US central bank after that
