Tag Archives: US Federal Reserve

The US$6 billion in government guarantees UBS is seeking would cover the cost of winding down parts of Credit Suisse and potential litigation charges, sources said. Source link

Asian start-ups did not have much exposure to the Silicon Valley Bank, but the crisis could now prompt them to review who their portfolio companies bank with. Source link

‘We have seen an increase in visitors … certain Chinese customers, who have not been buying from us for a long time, have resumed’, a Hong Kong gold trader said. Source link

Tougher rules on cross-border fund transfers have led to a shortage of dollars on the Iraqi market and in turn a depreciation in the dinar’s value. Source link

A divergence in monetary policies between the US and China has made Beijing wary about easing its monetary operations this year, but analysts say the conditions to do so appear to be improving. Source link

High global inflation and tightening monetary policy in the West has been highlighted as a significant challenge for China by central bank governor Yi Gang and top banking regulator Guo Shuqing. Source link

The yuan’s depreciation this year is mild compared to other currencies in the Asia-Pacific, but China’s population decline could become more of a factor in the future. Source link

The yuan breached 6.9 per US dollar for the first since August 2020 on Monday, but other Asian currencies have shown a sharper decline, ramping up risks for the region, analysts say. Source link

Homebuyers in the city flocked to buy flats on offer this weekend at Sun Hung Kai’s Novo Land project in Tuen Mun, reflecting a pre-emptive move against an expected rise in prime rate. Source link

Jerome Powell also warns of ‘pain’ continuing for some time in highly anticipated remarks delivered at annual economic symposium. Source link