Bloomberg The chief of Japan’s banking industry lobby group is calling on the nation’s central bank to pay closer attention to the adverse impacts of its ultra easy monetary policy after the yen plunged to a 24-year low. “I think it’s important to take a balanced policy approach by considering merits and side effects,” Japanese Bankers Association Chairman Junichi Hanzawa ...

  Bloomberg BNP Paribas SA is exiting its commodities finance business in the US, following earlier retreats in other parts of the world. “The decision taken to exit this business was consistent with our approach in EMEA,” the bank said in a statement in response to questions. “The impact is limited, and BNP Paribas remains deeply committed to the US ...

  Bloomberg Citigroup Inc is discussing the potential sale of its operations in Russia with privately owned Russian companies including Expobank and the insurer Reso-Garantia, the Financial Times reported. The Wall Street bank is negotiating over its consumer and commercial businesses, the newspaper reported, citing people familiar with the matter. Rosbank, Societe Generale SA’s former Russian subsidiary, has also expressed ...

  Bloomberg Singapore’s largest lender DBS Group Holdings Ltd. has raised the rates on all its home loan packages, The Straits Times (ST) reported, as it joins other banks in tracking the Federal Reserve’s decision to boost interest rates to tame inflation. DBS also scrapped its five-year fixed rate package for owners of public housing apartments, the ST said, citing ...

Bloomberg After years of building their foreign-exchange reserves, central banks in Asia are tapping into their stockpiles to bolster their weakening currencies against a rising US dollar. Thai reserves slid to $221.4 billion as of June 17, in data released late last week. That was the lowest in more than two years. Monthly figures show that Indonesia’s stash is at ...

Bloomberg Bitcoin, fresh off its biggest-ever monthly decline, whipsawed traders with wild swings on Friday as digital assets struggle to regain their footing. The largest token rallied as much as 11.3% in Asia on Friday, briefly closing in on the $21,000 level. Bitcoin then quickly gave up most of those gains, trading around $19,400 at 11:30 am in London. June’s ...

Bloomberg US equity futures fall as risk aversion lifted bonds and havens following epochal six-month losses across major markets. Contracts on S&P 500 and Nasdaq 100 pointed to extended declines for US stocks after the S&P 500 suffered its biggest first-half drop in over 50 years. The 10-year US Treasury yield slid below 3% to the lowest since early June. ...

  Abu Dhabi / WAM Abu Dhabi Health Services Company (Seha), the UAE’s largest healthcare network, signed a memorandum of understanding (MoU) with Jaheziya, the UAE’s largest and most comprehensive training initiative established on December 19, 2020. The agreement was signed at Seha’s headquarters in Abu Dhabi with the goal of fostering cooperation between the two entities to develop educational ...

  Abu Dhabi / WAM The Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, has announced the approval of a trade finance facility to JLW Middle East, to design, build and handover a 60 megawatts (MW) data centre (with a day 1 capacity of 31.8MW) located in Masdar City, Abu Dhabi. ...

  DUBAI / WAM Sultan Butti bin Mejren, Director-General of Dubai Land Department (DLD), received Noboru Sekiguchi, Consul-General of Japan in Dubai, to witness DLD’s pioneering position in the real estate sector, especially in the real estate registration field, and strengthen methods of cooperation between Dubai Land Department and the authorities concerned with real estate registration in Japan. During the ...