Central bank set to boost market confidence
Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing. (PHOTO / IC) China's central bank is expected to prioritize stabilizing market confidence in the […]
PBOC vows more vigorous support for real economy
This Sept 28, 2018 photo shows the headquarters of the People's Bank of China (PBOC), China's central bank, in Beijing. (PHOTO / VCG) BEIJING – China's central bank on Thursday […]
WB to discuss in Oct replacement for ‘Doing Business’ reports
A stage director looks on at the IMF/World Bank Annual Fall Meetings Plenary Session in Washington DC, on Oct18, 2019. (ANDREW CABALLERO-REYNOLDS / AFP) WASHINGTON – The World Bank's board […]
ADB: China’s economy to stay resilient
This photo taken on Sept 9, 2020 shows the view of the skyscrapers of the Central Business District (CBD) in Beijing, capital of China. (PHOTO / XINHUA) The Asian Development […]
Japan keeps rates ultra-low, defying global race to tighten
A Japanese flag flutters at the Bank of Japan headquarters in Tokyo, July 29, 2022. (SHUJI KAJIYAMA / AP) TOKYO – The Bank of Japan kept ultra-low interest rates on […]
ADB expects pickup in China’s fiscal outlays
In this undated file photo, employees inspect transmission towers in Anhui province, part of an ultrahigh-voltage direct-current transmission project. (SONG WEIXING / FOR CHINA DAILY) The Asian Development Bank said […]
Dah Sing Bank and Friends of the Earth (HK) Jointly Present Retail and E-Commerce ESG Forum for SMEs
HONG KONG, Sep 21, 2022 – (ACN Newswire via SEAPRWire.com) – The second industry forum (the “Forum”) under the SME ESG Best Practices Recognition Programme (“the Programme”) took place today […]
China’s interest rate cut seen as feasible tool to spur growth
In this undated photo, a clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. (PHOTO / IC) While a number of central banks are expected to announce big […]
Stocks muted, Sweden kicks off salvo of central bank hikes
LONDON – Stocks were little changed on Tuesday as investors braced for more hefty interest rate hikes from central banks to quell inflation, with Sweden setting the tone ahead of […]
Green finance market creates opportunities for global lenders
Technicians work on solar panels at a photovoltaic power plant in Qinhuangdao, Hebei province, in August. (YANG SHIYAO / XINHUA) BEIJING－As China is expediting its green drive, global financial institutions […]
Pound falls to fresh 37-year low against US dollar
In this file photo on Sept 6, 2016, a Bank of England employee shows a five pound note at the Bank of England Museum in London. (FRANK AUGSTEIN / AP) […]
Major lenders report healthy asset quality
Employees in an Agricultural Bank of China booth help a customer. (PHOTO / IC) Intensified efforts in risk management, credit structure bear fruit amid woes Despite COVID-19 woes and the […]
Chinese govt unveils measures to bolster economic recovery
A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. (PHOTO / XINHUA) China announced a cut in the foreign exchange reserve requirement ratio for […]
PBOC to cut forex reserve ratio by 2 percentage points
In this undated file photo, pedestrians pass the headquarters of the People's Bank of China in Beijing. (PHOTO BY KUANG DA / FOR CHINA DAILY) BEIJING – China's central bank […]
Shares tiptoe higher amid hiatus in bad news
HONG KONG/LONDON – Shares crept up slightly and bonds held steady on Tuesday as investors awaited the next round of likely gloomy inflation data while also juggling concerns about Europe's […]
ECB policymakers make the case for a big rate hike
The headquarters of the European Central Bank (ECB) is pictured prior to the news conference on eurozone monetary policy following the meeting of the governing council of the ECB in […]
Bank of Qingdao Announced its 2022 Interim Results
HONG KONG, Aug 26, 2022 – (ACN Newswire via SEAPRWire.com) – Bank of Qingdao Co., Ltd. (“Bank of Qingdao” or the “Bank”), the largest City Commercial Bank in Shandong Province, […]
Stocks fall as central bankers say inflation outlook not improving
LONDON – European stocks dropped on Thursday, tracking falls on Wall Street after Federal Reserve officials said in policy meeting minutes that inflation pressures were not easing and a European […]
PBOC cuts interest rates by 10bps
This file photo dated Sept 28, 2018 shows the headquarters of the People's Bank of China, the central bank, in Beijing. (PHOTO / VCG) The People's Bank of China, the […]
Russia could buy yuan, rupees, Turkish lira for rainy day fund
In this March 19, 2021 photo, a man on the phone walks past the Russian Central Bank headquarters as the Russian flag flies, in downtown Moscow. (KIRILL KUDRYAVTSEV / AFP) […]