What you need to know about Saturday’s highly anticipated Trump-Xi meeting
President Donald Trump and Chinese President Xi Jinping on April 6, 2017. Carlos Barria | Reuters U.S. President Donald Trump and Chinese President Xi Jinping are poised to write the latest chapter in their globe-shaking trade war when they meet...
China debt: Baoshang bailout rattles lenders
The People’s Bank of China (PBoC) and the China Banking and Insurance Regulatory Commission (CBIRC) placed Baoshang Bank, a medium-sized regional bank in Inner Mongolia, under the control of China Construction Bank, one of the country’s four megabanks, on May...
Markets Turn Cautious With Eyes on G20, US & Eurozone Inflation
Asian markets trade broadly lower today as traders lighten up positions ahead of the highly anticipated Trump-Xi meeting tomorrow. Yen and Swiss Franc are currently the strongest ones as sentiments turn cautious. Nevertheless, both are contained well above recent lows...
Australia: Credit Growth Weak ahead of RBA Rate Cut
Credit growth weak ahead of RBA rate cut. May: 0.2% mth, 3.6%yr. Credit growth was weak ahead of the RBA lowering interest rates on June 4, the first move in official rates since 2016. Credit growth has slowed to a...
The Middle East and Africa have ‘huge upside’ in digital transformation: Abu Dhabi Global Market
The Middle East and Africa have seen many changes in terms of digital transformation, but there’s still “huge upside,” and financial technology firms are looking for opportunities there, according to a financial services regulator in the region. “Compared to a...
Don’t paint Europe’s banks with the same brush
The accepted wisdom that European banking is an unmitigated basket case has become even more entrenched over the past year. While most banks in the region traded well below book value a year ago, since then their shares have fallen...