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Japanese banks less reluctant to finance hostile takeovers, lobby chief says
JAPANESE banks have become less reluctant to finance hostile acquisitions because the government’s new takeover guidelines have shaken off the taboo on such deals, the country’s new banking lobby...
Japan FX chief calls yen’s slump unusual, vows to act if needed
JAPAN’S top currency official said recent yen weakness is odd and out of line with current economic fundamentals, reaffirming his commitment to act if needed to prevent excessive swings...
SK Hynix chief says HBM chips to be double-digit percentage of 2024 Dram chip sales
SOUTH Korea’s SK Hynix, an Nvidia supplier, expects high-bandwidth memory (HBM) chips used in artificial intelligence (AI) chipsets to make up a double-digit percentage of its Dram chip sales...
PBOC chief seeks to deepen currency ties with Asian economies
People’s Bank of China (PBOC) governor Pan Gongsheng said the country will aim to boost currency cooperation with Asian economies to enhance financial stability in the region.He spoke about...
UOB appoints new global markets head and Hong Kong chief
UOB : U11 0% on Tuesday (Mar 26) announced two new appointments to its management team.Kelvin Ng, who is deputy head of group global markets, will take over as...
World Gold Council chief aims to make gold as attractive and liquid as swaps
WHILE gold is often considered a safe-haven asset, the precious yellow metal falls short of being classified as a “high-quality liquid asset”, which is a key factor deterring investors,”...
ECB confident wage growth slowdown on track, says its chief economist
THE European Central Bank (ECB) is increasingly confident that wage growth is slowing back towards more normal levels, potentially opening the door to rate cuts, its chief economist Philip...
Four Cordlife directors, former group chief arrested amid CAD probe
FOUR of Cordlife Group’s directors and its former group chief executive, Tan Poh Lan, were arrested and released on bail by the Commercial Affairs Department (CAD). On Friday (Mar...
