Bloomberg Speculators cleaving to the view that the crypto rout is mostly over are at risk of a rude awakening in 2023, according to Standard Chartered. A further Bitcoin plunge of about 70% to $5,000 next year is among the “surprise” scenarios that markets may be “under-pricing,” the bank’s Global Head of Research Eric Robertsen wrote in a note. ...

  Bloomberg Prime Minister Pham Minh Chinh directed the central bank and credit organisations to immediately raise loan limits for banks and to businesses in good health to boost economic growth, job creation and inflation control, the government website reported. The State Bank of Vietnam, which currently limits the credit growth of the banking system to 14% and has said ...

Bloomberg Australia is set to raise interest rates as it closes in on the end of its tightening cycle, while nearby New Zealand just delivered a record hike and is poised to move higher, underscoring different central bank outlooks at year’s end. All-but one economist sees the Reserve Bank of Australia (RBA) hiking by a quarter-percentage point to 3.1%, with ...