Billionaire Banker Grows Singapore Lender Across Southeast Asia And Spruces Up Its Image – Forbes
UOB, one of the city-state's oldest lenders, has gained support among young people across the region by acquiring Citibank's consumer banking business and partnering with global superstar Taylor Swift. by Jonathan BurgosForbes staff aWee Yi Chong, an avid bonsai collector, has nine ornamental trees planted around his headquarters. United Overseas Bank (UOB) overlooks Singapore's Raffles […]
Southeast Asia scammers stole up to $37B last year: report
Southeast Asia has become a hotbed for cybercrime gangs, which burned through $37 billion last year through romance investment schemes, cryptocurrency fraud, money laundering and illegal gambling, according to a new United Nations report. Cybercriminals in countries such as Myanmar, Cambodia, and Laos are increasingly using malware, generative artificial intelligence, and deepfakes to commit fraud. […]
Japan's Nikkei leads gains in Asia Pacific after Wall Street soars on Fed's jumbo rate cut – CNBC
A Japanese flag is raised as shoppers and pedestrians pass by a store in a shopping street in Tokyo, Wednesday, November 23, 2016. Tomohiro Osumi | Bloomberg | Getty Images Asia-Pacific markets opened higher on Friday, with Japan's Nikkei leading the way after Wall Street surged overnight following a big interest rate cut by the […]
ForexLive Asia-Pacific FX news wrap: USD/JPY surges in Asia response to FOMC 50bp rate cut – ForexLive
High Risk Warning: Foreign exchange trading involves a high degree of risk and may not be suitable for all investors. Leverage increases risk and loss. Before trading foreign exchange, you should carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some or all of your initial investment. Do not invest […]
Asia FX muted, dollar strong as sticky CPI fuels bets on smaller rate cut – Investing.com
Investing.com — Most Asian currencies were in a flat to lower range on Thursday, while the dollar strengthened, after a strong U.S. consumer price index dashed hopes that the Federal Reserve would make a bigger interest rate cut. Weak Japanese inflation data weighed on the yen, sending it further down from an eight-month high, but […]
Asia shares dragged by Wall St dive, bonds bullish – Reuters
Asian stock markets: Nikkei falls 2.4%, S&P 500 futures flat Recession risks, shift away from stocks favor bonds ECB expected to cut rates by 25bp on Thursday, Fed to do the same next week SYDNEY, Sept 9 (Reuters) – Asian stocks fell on Tuesday as fears of a U.S. recession weakened Wall Street and pushed […]
Antony Blinken Begins ‘Farewell Trip’ to Asia
Secretary of State Antony Blinken is due to depart on Thursday for a six-nation Asian tour, organised by Chinese state media. Global Times Ironically Explained The trip is being taken as a “farewell tour” as President Joe Biden’s administration slides into “garbage hour.” The use of the term “garbage time” to describe the current situation […]
Gov. Abbot’s Asia tour champions a new era of American manufacturing, tech growth
Last week, Gov. Greg Abbott (R-Texas) returned from an economic development trip to Taiwan, Japan and South Korea, where he “met with corporate executives, business leaders, foreign dignitaries and government officials to promote Texas’ booming economy and foster the development of industries critical to the future of the global economy,” according to the Texas Economic […]
Japanese Shares Pull Asia Higher as Yields Rise: Markets Wrap (Bloomberg) – Yahoo Finance
(Bloomberg) — Japanese shares rose in Asia and a benchmark Japanese stock index neared a record high, as financial shares rose on the prospect of higher lending rates. Most read articles on Bloomberg Japanese bank and insurance stocks were the biggest contributors to the Topix gains as the country’s 10-year government bond yield continued to […]
Asia FX muted as dollar firms before PCE data; yen on intervention watch By Investing.com – Investing.com
Investing.com — Most Asian currencies traded in narrow ranges on Friday as the dollar hovered near a two-month high ahead of the release of a key inflation reading that is likely to influence the Federal Reserve’s interest rate outlook. The dollar’s strength pushed the Japanese yen further below the level at which traders had initially […]