China set to hold key rate as margin pressure, weaker yuan hamper policy easing
China’s central bank is widely expected to leave a key policy rate unchanged when rolling over maturing medium-term loans next Monday, a Reuters survey showed. Worsening interest margins and a weakening Chinese yuan continued to hobble authorities’ monetary easing efforts to support the world’s second-largest economy. In a Reuters poll of 31 market watchers conducted […]
Russia, hit by new US sanctions, halts dollar and euro trade on main bourse
New U.S. sanctions against Russia have forced an immediate suspension of trading in dollars and euros on its leading financial marketplace, the Moscow Exchange (MOEX.MM), opens new tab. The exchange and the central bank rushed out statements on Wednesday – a public holiday in Russia – within an hour of Washington announcing a new round of sanctions aimed […]
As Supreme Court decisions loom, a legal assault is weakening SEC’s power
A legal assault on the U.S. Securities and Exchange Commission is chipping away at its powers to oversee Wall Street and is likely to intensify with two imminent Supreme Court rulings. A U.S. appeals court last week overturned a major SEC rule imposing stricter oversight of private funds, in a fresh blow for Democratic Chair Gary Gensler’s […]
Traders question case for rapid ECB rate cuts
Traders scaled back bets that the ECB would cut interest rates twice more this year, and outpace peers in easing policy, after the euro zone central bank gave little hint on Thursday of further moves. The European Central Bank lowered its key rate by 25 basis points (bps) from a record high to 3.75% at its policy […]
Singapore’s top bank DBS eyes $370 bln in wealth assets by 2026, top exec says
DBS Group (DBSM.SI), opens new tab plans to boost assets under management for its wealth business to S$500 billion ($369.7 billion) by the end of 2026, said the unit’s head, as the top Singaporean bank bets on robust inflows into the city state. Wealth assets at DBS grew 23% to a record S$365 billion last year, as […]
Ukraine eyes partial debt write-off in restructuring talks, finance minister says
Ukraine’s government is in talks with international bondholders to restructure its $20 billion in debt and is discussing a partial debt write-off, Finance Minister Serhiy Marchenko was quoted as saying on Friday. Ukraine agreed on a two-year payment freeze on its international bonds in the early days of Russia’s large-scale invasion in February 2022. Kyiv […]