Finance

 Financial institutions snapping up Chinese government bonds are basically shorting the Chinese economy, China’s central bank-backed Financial News reported on Saturday, citing what it said were the views of industry sources and experts. The report is the latest warning to […]

 Australia’s ANZ Group (ANZ.AX), opens new tab plans to “get to the bottom” of allegations of misconduct that have been raised against its bond trading operations and will hold people accountable for any wrongdoing, its CEO said in an email to staff. […]

Last year’s record annual profit for  Singapore Airlines meant that its Chief Executive Officer Goh Choon Phong received a salary of S$8.11 million. Since he earned S$6.73 million the previous year, his pay increased by around 20.5 per cent, thanks to a post-pandemic travel […]

The Bank of Uganda will directly purchase gold from artisanal miners in an effort to support local miners further and reduce the importation of raw gold. The Bank of Uganda said in a report posted on its website that by […]

 The German bank regulator BaFin said on Friday that it had threatened to fine Berlin-based Solaris if it doesn’t meet deadlines to improve anti-money laundering controls and other shortfalls. BaFin also said that it was extending the mandate of a […]

HSBC, Hong Kong’s biggest lender, has been hit with a record fine of HK$24 million (US$3 million) by the pensions regulator for offering incentives to “unauthorised intermediaries” to get corporate clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and […]

Hong Kong stocks advanced for a third straight day as heavyweight Alibaba Group sparked a tech rally, while mainland investors lent support piling into high dividend stocks. Gains were tempered by data that showed slowing momentum in service activity. The Hang Seng Index closed […]

U.S. inflation eased substantially in June, extending a recent slowdown in price increases that opens a path for the Federal Reserve to cut rates by the end of the summer. The consumer-price index, a measure of goods and services costs across […]

 The “last mile” of the US Federal Reserve’s battle against inflation may have shortened to a last lap after consumer prices fell in June, a long-awaited slowing of shelter cost increases took shape, and markets began pushing down yields on […]

European fund giant DWS (DWSG.DE), opens new tab has created a new company as part of its plans to launch the first German-regulated cryptocurrency next year, the firm’s CEO told Reuters, as major financial companies jostle to launch new digital tokens. Deutsche […]