China strengthens supervision of commercial banks
China is tightening risk controls for commercial banks' off-balance sheet business, marking another step in Beijing's efforts to stem risks from shadow banking.
Australia’s central bank raises rates to the highest in 10 years
In its latest policy decision for 2022, Australia's central bank suggested an expected rise in interest rates and said more hikes were still needed ahead as policymakers seek to rein in inflation.
South Africa’s GDP rose 1.6% in the third quarter
South Africa's economy grew 1.6% in the third quarter compared with the same period last quarter, compared with a contraction of 0.7% in the second quarter, according to official data.
DBS may be most susceptible to rate cuts amid slowing sector forecasts: CGS-CIMB
Signs of a potential slowdown in the pace of rate hikes by the Federal Reserve led CGS-CIMB to downgrade the sector from "overweight" to "neutral."
The most expensive cities in the world to live in 2022
According to the current World Cost of Living Index published by the Economist Intelligence Unit (EIU), the average cost of living rose 8.1% in 2022 due to Russia's war in Ukraine and the lingering effects of the pandemic.
Fitch: rate hikes reveal banks’ weaknesses
Systemic stress appears low as global monetary conditions tighten.
Philippine banks return to pandemic profitability in mid-2022
Non-performing loans in the country's banking sector have peaked and will continue to decline.
Fears of global slowdown fade as cost of living rises
The global economy appears headed for a major contraction, just as the highest inflation in a generation is prompting central banks to aggressively roll back extremely loose monetary policies adopted during the pandemic to support growth.
UBS reports second-quarter 2022 net income up 5% to $2.1 billion
The company's investment banking business reported revenue of $2.1 billion for the second quarter of 2022, down 14% from $2.4 billion in the corresponding quarter of the previous year.
In the second quarter, South Korea’s real GDP grew 0.7% quarter-on-quarter.
South Korea's inflation-adjusted real gross domestic product rose 0.7% in the second quarter of this year from the previous quarter, according to central bank data.
