Bank
Indonesia central bank open to buying government bonds to steady market
INDONESIA’S central bank said it is intervening in the market to help steady the rupiah and is open to buying government bonds to help stabilise the bond market.The rupiah...
Vietnam mounts ‘unprecedented’ US$24 billion rescue for bank engulfed in giant fraud, documents show
VIETNAM has mounted an “unprecedented” rescue of Saigon Joint Stock Commercial Bank (SCB), a lender engulfed in the nation’s biggest financial fraud, according to three bank documents and new...
New Zealand’s central bank consulting on development of digital currency
NEW Zealand’s central bank is looking at the possibility of creating a digital currency and has begun consulting on design options, it said in a statement on Wednesday.“It would...
Bank of America profit falls on lower customer interest payments
BANK of America’s (BofA) first-quarter profit fell as its consumer division weakened and the lender wrote off more loans, particularly for credit cards.BofA is among the large lenders, including...
Indonesian rupiah hits four-year low, prompts central bank intervention
THE Indonesian rupiah on Tuesday slid to its weakest in four years as the market reopened after the Eid al-Fitr holidays, prompting the central bank to intervene.The rupiah weakened...
China central bank keeps policy rate unchanged, drains cash from banking system
CHINA’S central bank on Monday left a key policy interest rate unchanged as widely expected when rolling over maturing medium-term loans, and drained some cash from the banking system...
US dollar jumps on central bank divergence, euro hits five-month low
THE euro stumbled to a five-month low against the US dollar on Friday (Apr 12) after the European Central Bank indicated it could soon cut rates, a divergence from...
US: Wall St opens lower after mixed big bank earnings
WALL Street’s main indexes opened lower on Friday (Apr 12) as most megacap growth stocks and chipmakers receded, while some big banks dipped after dour quarterly results.The Dow Jones...
