Philippines Cuts Banks’ Reserve Ratio, Flags Extended Rate Pause
The Philippine central bank is reducing lenders’ reserve requirement ratio at the end of the month, Governor Felipe
2023-06-08 17:28
Euro Zone Succumbs to Mildest of Recessions on Energy Shock
The euro area suffered the mildest possible recession during the winter after Russia’s war in Ukraine sent energy
2023-06-08 17:26
Eurozone slips into recession after revised data shows two quarters of economic contraction
The 20 countries that use the euro as their currency fell into a mild recession around the turn of the year, although the broader European economy avoided the downturn.
2023-06-08 17:15
Tokio Marine taps Goldman, Jefferies to sell $1bln Southeast Asia life insurance unit-sources
By Yantoultra Ngui and Kane Wu SINGAPORE/HONG KONG Japanese insurer Tokio Marine Holdings has picked Goldman Sachs and
2023-06-08 16:57
Amazon should not pay $268 million in Luxembourg back taxes, EU court adviser says
By Foo Yun Chee LUXEMBOURG Amazon should not pay 250 million euros ($268 million)in back taxes to Luxembourg
2023-06-08 16:54
HDFC May Tap Kapil For Mammoth Mortgage Business Post Merger
HDFC Bank Ltd. has shortlisted veteran Arvind Kapil, its current retail assets head, to spearhead the home loans
2023-06-08 16:50
China passenger car sales jump 7.3% in May vs April -CPCA
BEIJING/SHANGHAI Passenger vehicle sales in China rose 7.3% in May compared with a month earlier, industry data showed
2023-06-08 16:47
Yandex granted Nasdaq lifeline subject to Russia restructuring
By Alexander Marrow Russian internet firm Yandex on Thursday said it had been granted permission to retain its
2023-06-08 16:46
Turkish lira extends losses as Ankara loosens grip on forex market
By Nevzat Devranoglu and Ali Kucukgocmen ISTANBUL Turkey's lira weakened 0.8% to a record low on Thursday, extending
2023-06-08 16:28
Standard Chartered to Sell Zimbabwe Unit Locally to FBC Holdings
Standard Chartered Plc agreed to sell its Zimbabwe business to the country’s FBC Holdings Ltd. as it presses
2023-06-08 16:25
Saudi Arabia economy grew 3.8% in Q1 boosted by non-oil activities
DUBAI Saudi Arabia's economy grew by 3.8% year on year in the first quarter of 2023, the General
2023-06-08 16:23
Australia's largest bank blocks payments to some crypto exchanges
By Lewis Jackson SYDNEY Commonwealth Bank of Australia (CBA) said on Thursday it would block some payments to
2023-06-08 15:59