Bangladesh is scheduled to be graduated from the UN’s least developed countries (LDC) list in November 2026. However, many experts believe that graduation this early will be catastrophic for the tiny South Asian national whose macro-economy has been experiencing tough times since 2022. ¬ Haymarket Media Limited. All rights reserved. […]
Trump’s policies set to accelerate Rmb’s global rise: analysts
US president Donald Trump’s protectionist policies will hasten the rise of the international importance of the Renminbi, enabling the Chinese currency to be one of the major global currencies, according to expert speakers at a Sino-German Center virtual roundtable on September 2. ¬ Haymarket Media Limited. All rights reserved. […]
ASIC: ANZ admits widespread misconduct, agrees to pay record A$240m in penalties
Australia and New Zealand Banking Group (ANZ) has admitted to “engaging in unconscionable conduct” by incorrectly reporting bond trading data to the Australian government by overstating the volumes by billions of dollars, and to widespread misconduct across products and services impacting nearly 65,000 customers, according to a September 15 media notice from the Australian […]
ASIC: ANZ admits widespread misconduct, agrees to pay A$240m in penalties
Australia and New Zealand Banking Group (ANZ) has admitted to “engaging in unconscionable conduct” by incorrectly reporting bond trading data to the Australian government by overstating the volumes by billions of dollars, and to widespread misconduct across products and services impacting nearly 65,000 customers, according to a September 15 media notice from the Australian […]
Templewater and Oman Investment Authority launch $200m clean energy fund
Hong Kong-headquartered Templewater, a pan-Asia alternative asset manager, and Future Fund Oman (FFO), an Oman Investment Authority (OIA) fund, have launched Oman’s first dedicated Energy Transition Fund in Hong Kong. ¬ Haymarket Media Limited. All rights reserved. Source link
Templewater and Oman Investment Authority agree $200m clean energy fund
Hong Kong-headquartered Templewater, a pan-Asia alternative asset manager, and Future Fund Oman (FFO), an Oman Investment Authority (OIA) fund, have launched Oman’s first dedicated Energy Transition Fund in Hong Kong. ¬ Haymarket Media Limited. All rights reserved. Source link
Development Bank of Kazakhstan makes first offshore Rmb bond issuance
On September 2, the Development Bank of Kazakhstan JSC (DBK) issued a 3-year offshore Rmb bond, with an aggregate amount of Rmb2 billion ($280 million) and an issuance yield of 3.35%. ¬ Haymarket Media Limited. All rights reserved. Source link
KKR buys Korea's Samwha for $520m
Private equity firm TPG is selling the luxury cosmetics packaging firm after purchasing it in July 2023 for around $230m. Source link
Societe Generale appoints Singapore, SEA country head
Societe Generale (SocGen) has appointed Alvaro Huete as the French bank’s country head for Singapore and Southeast Asia (SEA). ¬ Haymarket Media Limited. All rights reserved. Source link
Will Hong Kong open its doors to retail stablecoins?
Hong Kong’s Stablecoin Ordinance went into effect on August 1, formally establishing a licencing scheme required for stablecoin issuers in the city. Despite an undisclosed number of total applicants to the licence for now, the market anticipates the first batch of licences to be granted by end of this year at the earliest. […]
