Leadership
Taiwan central bank raises benchmark rate in surprise move
TAIWAN’S central bank surprised markets by raising its policy rate on Thursday (Mar 21), and also lifted its inflation forecast for the year as inflationary pressures persist. The central...
Wary of inflation, Taiwan central bank raises key rate in surprise move
TAIWAN’S central bank surprised markets by raising its policy rate on Thursday (Mar 21), wary of continued inflationary pressures and ahead of an expected rise in electricity prices next...
UBS to shut thousands of smaller Credit Suisse accounts in Asia
UBS Group is planning to shut smaller-value Credit Suisse accounts numbering in the low thousands at its Asia-Pacific wealth management arm to exit relationships with poor returns, according to...
Japan shares scale record high, yen rebounds as Fed out-doves BOJ
JAPAN’S Nikkei share average hit a record high on Thursday (Mar 21) and the yen rebounded from a four-month low, after the US Federal Reserve stuck to its easing...
Higher CPO prices, low stockpiles only a brief reprieve for regional palm oil stocks
THE mini rally in palm oil prices and current low stockpiles have given regional palm oil companies some respite in light of the broader volatility-ridden agri commodities sector, but...
Bank of England to hold rate despite slowing inflation
THE Bank of England (BOE) is widely expected to keep its main interest rate at a 16-year high on Thursday (Mar 21), rejecting a cut as inflation remains well...
Regional markets rally after dovish Fed outcome; analysts stay positive on Asia equities
ASIA markets rallied on Thursday (Mar 21) to track gains on Wall Street, after the US central bank signalled it would maintain three interest rate cuts this year. The...
UOB chief Wee Ee Cheong’s 2023 salary up 11.9% to S$15.9 million
UOB chief executive Wee Ee Cheong received S$15.9 million in total remuneration for the financial year ended Dec 31, 2023, implying an 11.9 per cent increase from his annual...
