Yuan’s Biggest Weekly Loss in Three Months Tests PBOC Tolerance
China’s yuan is depreciating at the fastest pace in three months and the central bank, for now, isn’t
2023-05-19 14:26
China Considers Moving Stakes in Bad Banks to Sovereign Wealth Fund
China is considering transferring government ownership in the nation’s biggest bad-debt managers to a unit of its sovereign
2023-05-19 09:47
Asian Stocks to Open Mixed on US Rally, China Drag: Markets Wrap
Stocks in Asia are set for a mixed open, with optimism that the US will be able to
2023-05-19 07:25
Mizuho CEO Dismisses Idea of Teaming With US Bank for Expansion
Mizuho Financial Group Inc. is unlikely to follow its Japanese rivals by teaming up with a US bank
2023-05-18 17:30
Philippines Pauses Rate Hikes as Inflation, Growth Cools
The Philippine central bank halted its most aggressive monetary tightening in two decades, amid easing inflation and moderating
2023-05-18 15:24
Asia to Follow US Stock Gains on Debt-Ceiling Bets: Markets Wrap
Asian equities were headed for gains after US stocks rallied on signs of optimism from debt-ceiling talks, allowing
2023-05-18 07:58
CDS Panel Says Credit Suisse AT1 Wipeout Won’t Prompt Payout
A panel tasked with overseeing the credit default swaps market said that the write down of Credit Suisse
2023-05-18 00:58
Turkey’s Lira Defense Moves Into Full Swing Before Runoff Ballot
Turkey’s central bank is moving in full force to defend the lira ahead of the runoff presidential election
2023-05-17 21:24
Western Alliance Deposit Growth Drives Regional Bank Stocks Up
Shares of US regional banks rallied in premarket trading after Western Alliance Bancorp said deposits had grown by
2023-05-17 19:48
Erdogan Vote Momentum Pushes Traders to Delay Bets on Lira Slide
Investors have come to terms with the prospect that President Recep Tayyip Erdogan’s unconventional stewardship of the economy
2023-05-17 18:58
UBS Sees $35 Billion Gain on Credit Suisse, Warns of Legal Costs
UBS Group AG is gearing up for an estimated $34.8 billion gain as a result of its emergency
2023-05-17 15:20
Asia Stocks Set for Mixed Open; US Futures Muted: Markets Wrap
Asian equities look set for mixed start Wednesday while US contracts posted muted gains after leaders in Washington
2023-05-17 07:47