7:56 pm July 3, 2015 | No Comment
Britain is reducing the maximum bank deposit it will protect if a lender fails by 10,000 pounds to 75,000 pounds ($117,255) from the end of this year, the Bank of England said on Friday.
7:53 pm July 3, 2015 | No Comment
Publicly-listed Indonesian shipping firm Trada Maritime plans to hold a 5-to-1 reverse stock split next month in order to increase the company’s liquidity in the stock market, according to a listing on the Indonesia Stock Exchange (IDX) on Thursday.
7:49 pm July 3, 2015 | No Comment
The proposed $8 billion merger of two Samsung Group companies came under attack from two directions on Friday, as an activist hedge fund filed a court action against the deal and a shareholder advisory group recommended shareholders oppose it.
7:13 pm July 3, 2015 | No Comment
China’s vast network of “grey market” lenders have reaped big profits from lending money to individuals and companies to buy stocks, but as markets slump their customers face heavy losses after borrowing up to 10 times their starting capital.
6:07 pm July 3, 2015 | No Comment
Bank Indonesia has cut its loan growth forecast for the year following slow loan demand in the first six months, the central bank's governor said on Friday.
5:58 pm July 3, 2015 | No Comment
European Central Bank Vice President Vitor Constancio signaled on Friday that the ECB could loosen funding to Greek banks if Greeks vote ‘Yes’ in a referendum on Sunday on whether or not to accept more austerity in return for aid.
5:26 pm July 3, 2015 | 3 Comments
Indonesia needs fiscal stimulus to boost economic growth amid a global economic slowdown, Lippo Group executives said this week.
5:23 pm July 3, 2015 | No Comment
Half a world away from the crisis unfolding in Greece, Nelly Skoufatoglou is shopping online for toilet paper, detergents, rice and olive oil to be delivered to her mother’s home near Athens.
4:57 pm July 3, 2015 | No Comment
Emerging Asian currencies will weaken in the months ahead due to expectations the US Federal Reserve will raise interest rates soon, although foreign exchange strategists in a Reuters poll say that losses aren’t expected to be significant.
4:34 pm July 3, 2015 | No Comment
Chinese stocks tumbled again on Friday, taking the week’s losses to more than 10 percent, as the securities regulator said it was investigating suspected market manipulation amid increasingly desperate attempts by Beijing to head off a full-blown crash.
3:48 pm July 3, 2015 | No Comment
Singapore. Holders of senior debt from Singapore's banks will have reason to breathe easy if the Monetary Authority of Singapore implements proposals to limit its statutory bail-in framework to subordinated debt.
3:44 pm July 3, 2015 | No Comment
Graha Teknologi Nusantara, the data center unit of listed information technology company Multipolar Technology, aims to start operations on its first complex in Cikarang, West Java, by April next year, in the first phase of its $200 million venture into the business.
3:38 pm July 3, 2015 | No Comment
Iron ore prices dropped to the lowest in more than two months on Friday, sending shivers through the mining industry and heightening worries that Chinese economic activity is slowing just as ore piles up at its ports.