China’s Under-Developed CDS Market Worsens Real Estate Pain
After a major default, investor attention usually turns to the potential payout from credit default swaps, a type
2023-11-10 18:19
BOE Unveils Stress Test Plan for Dozens of Banks, Asset Managers
The UK’s largest banks and asset managers will be tested against a hypothetical shock worse than last year’s
2023-11-10 18:17
Tokyo Electron Lifts Outlook After China Chip Growth Quickens
Tokyo Electron Ltd. raised its full-year earnings and revenue targets after demand from China for its chipmaking equipment
2023-11-10 17:57
China’s Property Risks ‘Manageable,’ PBOC Governor Says
China’s property sector risks are under control, central bank Governor Pan Gongsheng said, amid heightened concern over the
2023-11-10 17:49
Kishida’s Cabinet Approves $87 Billion Extra Budget
Japan’s cabinet approved a ¥13.2 trillion ($87.2 billion) extra budget to support Prime Minister Fumio Kishida’s latest economic
2023-11-10 17:45
Heimstaden’s Billionaire Owner Weighs Stake Sale to Pay Off Debt
The funding crisis engulfing Sweden’s property sector is prompting the billionaire founder of Heimstaden Bostad AB to look
2023-11-10 17:28
Thailand Goes Ahead With $14 Billion Handout to Prop Economy
Thailand unveiled a $14 billion cash handout to jumpstart its economy, trimming the size of the planned stimulus
2023-11-10 17:25
JPMorgan Switches On Programmable Payments Using Blockchain Tech
One of the most high-profile blockchain systems in traditional banking has added a new feature that lets companies
2023-11-10 17:20
ANC Blames Apartheid, Pans Coalitions Ahead of South Africa Vote
The secretary general of South Africa’s ruling African National Congress blamed apartheid for the country’s manifold problems and
2023-11-10 17:18
Weight-loss drug maker Novo Nordisk invests $6 billion to boost output
COPENHAGEN Novo Nordisk said on Friday it will invest more than 42 billion crowns ($6 billion) in its
2023-11-10 17:17
Hong Kong Lowers 2023 GDP Expectations as Recovery Sputters
Hong Kong lowered its economic growth forecast for this year in a sign that tough times are still
2023-11-10 16:51
Norway Inflation Accelerates, Bolstering Last Rate Hike Case
Norway’s underlying inflation accelerated for the first time in four months, cementing the prospect of another rate hike
2023-11-10 16:48