Banking & Finance
Philippine central bank chief tempers hawkish view, sees one more cut
Remolona said the economy “looks worse than we thought” in the current quarter
TerraUSD creator Do Kwon sentenced to 15 years over US$40 billion crypto collapse
Kwon pleaded guilty in August to two counts, conspiracy to defraud and wire fraud
Axa warns on data centre ‘gambles’ as private credit risks rise
This comes amid growing awareness of emerging risks in private markets
Swiss National Bank holds interest rate at zero, cuts inflation forecast
The outcome shows the central bank setting a higher bar for moving negative than for a standard rate cut
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Bank of Japan reluctant to intervene on rising yields, sources say
The recent rises are due to investors taking a wait-and-see approach on uncertainty over how far the BOJ can eventually raise rates
Bitcoin dips below US$90,000 as AI worries dent risk appetite
Fresh concerns about artificial intelligence profits weighed on technology stocks
Hong Kong central bank cuts interest rate, tracking Fed move
[HONG KONG] The Hong Kong Monetary Authority (HKMA) lowered on Thursday (Dec 11) its base interest rate charged via the overnight discount window by 25 basis points to 4.0 per cent, tracking a cut by ...
Bank of America CEO expects markets revenue to jump in fourth quarter
[NEW YORK] Bank of America CEO Brian Moynihan said on Wednesday he expects revenue from the bank’s markets business to rise between a high single-digit percentage and 10 per cent in the fourth quarter...
Divided US Fed lowers rates by 25 bps, signals pause and one 2026 cut as growth rebounds
The pace of price increases has risen steadily from 2.3 per cent in April, above the Fed’s 2 per cent inflation target
Barclays joins bank rivals in buying stake in United Fintech
It has bought two fintechs this year, bringing its total to seven and giving it more than 200 employees across 11 locations globally
