China’s central bank has agreed that Ant Group’s mobile payment app Alipay has no controller, a crucial step in the fintech giant’s overhaul deemed necessary to put its much-anticipated initial …
The Federal Reserve’s ability to tame America’s monetary bubble remains the biggest factor in the global economic outlook. The US central bank made an unexpected dovish turn at the latest …
China’s largest state-owned banks are lowering their deposit rates for the third time in 2023, in their latest effort to ease the pressure on their net interest margins (NIM) and …
Pix is a digital payment system from Brazil’s Central Bank that offers fast, anytime money transfers as a low-cost alternative to traditional methods. The digital payment system emerged in Brazil …
What a difference a year makes. At the end of 2022, all eyes were on China as the abrupt end of the government’s zero-Covid policy fuelled hopes of a sharp …
Islamabad: In a major relief to debt-ridden Pakistan’s struggling economy, Saudi Arabia has extended the term of its USD 3 billion deposit with the country’s central bank for another year, …
For some time now, the world’s leading central banks have had a credibility problem. Having insisted that the surge in inflation stemming from the Covid-19 pandemic was temporary, policymakers fell …
Singapore’s monetary policy “remains appropriately tight”, according to the city state’s central bank chief Ravi Menon who signalled that authorities aren’t necessarily under pressure to do more even as regional …
An adage on Wall Street is that to quell inflation, the US Federal Reserve must raise interest rates until something breaks. In Asia, the cracks have deepened significantly over the …
The IMF’s Global Financial Stability Report, released earlier this month, warned that there are still vulnerabilities out there. This is not difficult to see since global real estate values are …