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Bank of Singapore hires private bankers for Mideast wealth

Bloomberg The private-banking arm of Oversea-Chinese Banking Corp. is adding more staff in Dubai, as the Singapore lender se- eks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas. Bank of Singapore plans to hire about 20 relationship managers next year to cater to non-resident Indians and rich people in the Arab world, ...

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RBA could raise rates as soon as May

Bloomberg Australia’s central bank may start raising interest rates from a record low as soon as May, putting the brakes on house-price growth, according to hedge fund manager Brett Gillespie. A drop in the unemployment rate to 5 percent in the second quarter of next year will be the trigger for the Reserve Bank of Australia to start lifting rates, ...

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Ukraine set to fill central bank governor’s role after 8 months

Bloomberg Ukrainian President Petro Poroshenko is set to propose a new central bank governor this week, filling a position that’s been vacant since May as the government struggles to get its $17.5 billion bailout back on track with the International Monetary Fund. Poroshenko will reveal his nomination in the next two days, with parliament to vote on his proposal on ...

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