China Told State Banks to Escalate Yuan Intervention
Chinese authorities told state-owned banks to step up intervention in the currency market this week, in a push
2023-08-17 19:18
South African Reserve Bank Leaves Door Open to More Hikes
South Africa’s central bank remains concerned by the risks to the inflation outlook and may resume hiking interest
2023-08-17 18:46
Russia Turns Screws on Exporters After Debating Capital Controls
Russia’s government will hold off on stiffening restrictions on the movement of capital and instead prepare recommendations for
2023-08-17 17:46
China Seeks Views on Developing Asset Management Industry
China’s securities regulator is soliciting suggestions from market participants about how to speed up development of the asset
2023-08-17 12:28
China’s Troubled $137 Billion Shadow Bank Plans Debt Restructuring, Taps KPMG
The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure
2023-08-17 11:22
When Fed Cuts Rates, It May Still Be Tightening Via QT Program
Federal Reserve officials are more seriously discussing the possibility that they may not have to stop shrinking their
2023-08-17 06:26
Wall Street’s Most Hated 3 Letters Prove Too Risky to Ignore
As the label “ESG” ends up among the most hated on Wall Street, the financial cost of ignoring
2023-08-17 02:50
Hawaiian Electric Woes Include Owning One of Maui’s Top Banks
Hawaii’s biggest utility has lost half its market value in the wake of deadly wildfires on Maui that
2023-08-17 01:55
Naira Jumps in Parallel Market After Central Bank Warns Traders
The naira jumped in Nigeria’s parallel market on Wednesday as local traders responded to a warning from the
2023-08-17 01:28
Post-SVB Freeze of Preferred Shares Thawed by High-Profile Deals
The market for new preferred shares in the US is reopening after a near half-year freeze, raising hopes
2023-08-16 23:28
British Muslims Say Banks Ruin Lives With Debanking Policies
When former postman Iqeel Ahmed told staff at his local Halifax branch he couldn’t feed his family because
2023-08-16 12:27
Chinese Shadow Bank Misses Dozens of Payments as Fallout Spreads
Zhongrong International Trust Co. missed payments on dozens of products and has no immediate plan to make clients
2023-08-16 10:24