FILE PHOTO: A man wearing a protective mask walks past the headquarters of Bank of Japan amid the coronavirus disease (COVID-19) outbreak in Tokyo, Japan, May 22, 2020.REUTERS/Kim Kyung-HoonTOKYO (Reuters) -The Bank of Japan kept
Read more
China keeps lending benchmark LPR unchanged for 17th straight month
FILE PHOTO: A Chinese national flag flutters at the headquarters of a commercial bank on a financial street near the headquarters of the People’s Bank of China, China’s central bank, in central Beijing November 24,
Read moreDelta variant clouds developing Asia's growth outlook – ADB
MANILA (Reuters) – Developing Asia’s economic rebound this year could be dented by the rapid spread of the Delta coronavirus variant, the Asian Development Bank said on Wednesday, as it urged economies to adapt to
Read moreAsian trade tense in the shadow of Evergrande and the Fed
SINGAPORE (Reuters) – Asian stock markets made a cautious start on Wednesday and the dollar held firm amid lingering nerves about the fallout from a looming failure at developer China Evergrande and anticipation the Federal
Read moreSingapore IPO market's prospects brighten but no quick fix in sight
SINGAPORE (Reuters) – Singapore’s move to launch new funds to support startups will help companies seeking IPOs, though it could take years before Singapore Exchange might become a centre for regional tech listings, according to
Read moreAutoNation names Mike Manley as its chief executive, replacing Mike Jackson.
AutoNation, the automotive retail giant, has named Mike Manley, the former chief executive of Fiat Chrysler, as its chief executive, replacing Mike Jackson, who is retiring after running the company for most of the last
Read moreWith the focus on a taper, five questions for the Fed
(Reuters) – Investors are fixated this week on the Federal Reserve’s policy meeting as the U.S. central bank approaches the final quarter of the year, when it is expected to begin paring back its unprecedented
Read moreJapan's MUFG to exit U.S. retail banking in $8 billion deal with U.S. Bancorp
TOKYO (Reuters) -Mitsubishi UFJ Financial Group (MUFG) is pulling back from U.S. retail banking with the $8 billion sale of MUFG Union Bank (MUB) to U.S. Bancorp as digital technology and industry consolidation squeeze out
Read moreECB policymakers acknowledge growing inflation risk
FRANKFURT (Reuters) – European Central Bank policymakers still see the recent inflation surge as temporary but a growing number appear to be acknowledging the risk that price growth may exceed their relatively benign projections.FILE PHOTO:
Read moreChinas bid to join CPTPP trade deal set to open up new power plays
China’s bid to join the CPTPP trade deal is raising questions about its intentions, its fractious relationships with several members, and the veto that each of the 11 member countries effectively holds, including Australia. CPTPP
Read more