BOJ's Nakamura stresses need to maintain ultra-loose policy

The Bank of Japan must maintain massive stimulus to support an economy facing a resurgence in COVID-19 infections and slowing global demand, one of its board member said, reinforcing the BOJ's outlier status in a global wave of monetary tightening.

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25-08-2022

Business in 67 Shanghai-traded ETFs halted by Hong Kong typhoon delay

SHANGHAI (Reuters) -The Shanghai Stock Exchange said subscription and redemption in 67 exchange-traded funds (ETFs) would be halted on Thursday due to a trading suspension in Hong Kong triggered by a typhoon.

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25-08-2022

South Korea delivers 25bp rate hike to combat inflation

SEOUL (Reuters) -South Korea's central bank raised its key interest rate by a quarter-percentage point as expected on Thursday, in a bid to contain inflation and prevent capital outflows as the U.S. Federal Reserve gears up for more hikes.

newspaper

25-08-2022

South Korea delivers 25-bp rate hike to combat inflation

SEOUL (Reuters) -South Korea's central bank raised its key interest rate by a quarter-percentage point as expected on Thursday, in a bid to contain inflation and prevent capital outflows as the U.S. Federal Reserve gears up for more hikes.

newspaper

25-08-2022

South Korea delivers quarter-point interest rate hike to combat inflation

South Korea's central bank raised its key interest rate by a quarter-percentage point as expected on Thursday, in a bid to contain inflation and prevent capital outflows as the U.S. Federal Reserve gears up for more hikes.

newspaper

25-08-2022

Exclusive-China tightens green bond rules to align them with global norms

China has raised the bar for issuances in the world's second-biggest green bond market, taking a major step towards adopting global standards and eliminating 'greenwashing'.

newspaper

24-08-2022

Exclusive-China regulator warns banks against yuan selling - sources

China's foreign exchange regulator phoned several banks on Wednesday to warn them against aggressively selling the Chinese currency, sources with direct knowledge of the matter said.

newspaper

24-08-2022

Singapore financial regulator imposes $9 million fine on commodity trader Noble Group

Commodity trader Noble Group Ltd will pay a S$12.6 million ($9.03 million) penalty for releasing 'misleading' information in its financial statements between 2012 and 2016, the Monetary Authority of Singapore said on Wednesday.

newspaper

24-08-2022

Australia No. 2 grocer Coles grows FY profit, warns of cost pressures

(Reuters) -Australian No. 2 supermarket chain Coles Group posted a jump in annual profit on Wednesday, bettering analyst forecasts, as it reined in spending amid surging inflation, but warned cost pressure was set to continue, sending its shares down sharply.

newspaper

24-08-2022