Bloomberg Thailand’s banking system remains resilient with high levels of capital buffer to withstand future risks and uncertainties, the nation’s central bank said, a day after S&P Global Ratings downgraded the top lenders citing increased systemic risks. The capital adequacy ratio of Thai banking system stands at 20% and lenders have increased provisioning against bad loans by $12.8 billion ...

  Bloomberg Hungary resumed raising the effective interest rate after the central bank said that the war in neighbouring Ukraine will lead to a sharply deteriorating inflation outlook. The 30 basis-point increase brought the one-week deposit rate to 6.15%, matching the median estimate in a Bloomberg survey. But it disappointed currency traders after policy makers spoke of the need of ...

  Bloomberg Chinese tech stocks slumped on Friday amid continued concern about the sector’s earnings and the risk of local firms being kicked off American exchanges. The Hang Seng Tech Index slid 5% in afternoon trading, the most in over a week. Delivery giant Meituan plunged 8.2% as investors had worried about the company’s growth ahead of its fourth-quarter results. ...