Benchmark policy rate between 4.25% - 4.50%. The US Federal Reserve kept the benchmark policy rate at 4.25%-4.5% on Wednesday, as widely expected. The Fed said in a statement that recent indicators suggest economic activity has continued to expand at a...
Delta Capita has been selected by HSBC to deliver OTC derivatives confirmation and settlement services globally under a multi-year agreement. Under the agreement HSBC will deploy Delta capita's Infrastructure-as-a-Service (IaaS) model, a managed service supporting the core post-trade processing of...
Philippine and Singapore banks will be key beneficiaries if rates are higher. The interest rate decline in 2025 has the chance to be shallower than expected, which could benefit select banks in Southeast Asia, according to Fitch Ratings. Banks’ capacity to...
Bank cuts rate to 3% by 25 basis points in line with expectations. The Bank of Canada on Wednesday lowered its overnight policy interest rate by 25 basis points to 3% at the first monetary policy meeting of 2025. Deciding in...
It attributed this to the recovery of tourism and exports. Bangkok Bank and its subsidiaries reported a net profit of THB45.21b for 2024, 8.6% year-on-year (YoY) higher compared to the previous year, its latest financial results showed. In a statement posted...
Businesses are basing major operational decisions not on profits but on politics. Countries are approaching major global issues through the lens of geopolitics, from US-China to vertical globalisation. Geopolitics First is a transformation in how everybody thinks about the world...
The acquisition expands the lender’s exposure to China’s greater bay area. Singapore’s largest lender DBS Bank has acquired an additional stake in Shenzhen Rural Commercial Bank (SRCB), increasing its stake from 16.7 per cent to 19.4 per cent, it announced...
A second Trump administration is likely to break with its predecessor on private credit regulation, turning the focus away from enhanced disclosure requirements, according to Moody’s Ratings. US banks face enhanced disclosure requirements starting this year, such as reporting unused...
Global sustainable bond issuance is projected to reach $1 trillion in 2025, driven by a worldwide focus on green development, according to global credit rating agency Moody’s. In their latest report, the New York-based firm said that increased examination of...
Company buybacks and bond redemptions provided event-driven trading opportunities. Asia hedge funds rebounded in 2024, with many posting double-digit gains as China stocks recovered, Japan’s equity rally hit new heights and some managers reached further afield for profitable trades. Equity funds...
