Leadership
India central bank holds rates steady; cuts banks’ cash reserve ratio
THE Reserve Bank of India (RBI) kept its key interest rate unchanged on Friday (Dec 6) but cut the cash reserve ratio (CRR) that banks are required to hold,...
World Bank raises record US$100 billion for aid to poorest nations
THE World Bank received pledges to deploy a record of US$100 billion via its unit focused on low-interest loans and grants to the poorest nations.The total figure to fund...
Wall Street banks predict biggest China rate cuts in a decade
CHINA’S central bank will deliver the biggest interest-rate cuts in a decade next year as policymakers intensify efforts to shore up growth and arrest deflation, in the view of...
Barclays promotes 116 staffers across bank to managing director
BARCLAYS promoted 116 employees across the bank to its managing director ranks. The investment bank took the largest share of the promotions, according to a source familiar with the...
Gold heads for second weekly fall; spotlight on US payrolls data
GOLD prices held steady on Friday (Dec 6) but were headed for a second straight week of decline, while focus shifted to the US payrolls data due later in...
Intel names two chip industry veterans to its board amid CEO search
INTEL on Thursday (Dec 5) named two chip industry veterans to its board, as the struggling semiconductor firm looks for a new top boss following the recent ouster of...
GuocoLand to redeem S$400 million perpetual securities
GUOCOLAND’S wholly owned subsidiary, GLL IHT, will redeem S$400 million subordinated perpetual securities. They will be redeemed at S$250,000 for every S$250,000 in nominal amount of the perpetual securities,...
ECB seeks to speed up approvals for significant risk transfers
THE European Central Bank (ECB) is seeking to accelerate its approval process for significant risk transfers (SRTs), according to sources familiar with the matter, helping lenders to take advantage...
