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The Latest Breaking News on Financial Services

Investors seen heading north, leaving SE Asia behind

The nascent revival in North Asian equities is being touted as the start of a potential bull run as bets for China’s gradual reopening as well as the bottoming out of the chip industry intensify.

Bangkok Post · Nov 27, 2022

Thailand 'base' for SMBC's growth

Japan's Sumitomo Mitsui Banking Corporation (SMBC) will adopt Thailand as its base for expansion in Southeast Asia in celebration of its 70th year of operations in the kingdom, it says.

Bangkok Post · Nov 26, 2022

Conflict of interest: have low cash rates created the ‘everything bubble’?

In new book The Price of Time, economist Edward Chancellor explores the role central banks have played in the snowballing challenges of the past quarter century

The Guardian - AU · Nov 26, 2022

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The money trap: Australian women drag banks to the fight against relentless financial abuse

One woman received 900 threatening messages in the space of a few days, attached to deposits of as little as one cent

The Guardian - AU · Nov 26, 2022

Glasgow charity providing school uniforms to struggling families closes due to lack of funds

Glasgow's Pre Loved Uniforms established itself as one of the best places to go for families in need when it comes to school clothing but after five years it has announced it will close its doors.

Glasgow Live · Nov 26, 2022

Lorry driver's left furious after Costa Coffee worker refuses Scottish banknote

Jonathan Owens accused the branch in Maidstone, Kent of 'ostracising an entire country' by refusing the banknote and described the attitude of staff at the outlet as 'racist'

Daily Mirror · Nov 26, 2022

SBI Reports Highest Profit, Broking Houses Lauding Us: Chairman

Chairman of the country's biggest lender State Bank of India (SBI) Dinesh Khara on Saturday asserted that analysts and broking houses are praising the financial performance of the bank which reported its highest profits recently. Read on for details:

Dynamite News · Nov 26, 2022

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US student debt relief: borrowers in limbo as lawsuits halt cancellation program

Biden administration’s centerpiece student loan relief measure paused after Trump-appointed judge rules plan is unconstitutional

The Guardian - US · Nov 26, 2022

Martin Lewis fans explain how they made easy £375 for free from their banks - you can too

High street lenders regularly offer “switch bribes” to encourage you to ditch your current bank and move over to them instead - and if you take advantage, you could end up being hundreds of pounds up

Daily Mirror · Nov 26, 2022

RBI pauses onboarding of online merchants by Paytm payments services

NEW DELHI: Banking regulator RBI has put a pause on onboarding of online merchants by Paytm Payments Services, even as the company said it will have no material impact on its business, according to a regulatory filing.

The Times of India · Nov 26, 2022

Indian owners of failed West Australian coal in $1 billion quest to salvage calamitous bet

The giant Indian bank behind a failed coal mine at the centre of WA's growing energy crisis is seeking almost $1 billion to walk away from its disastrous position.

ABC News · Nov 25, 2022

Of debt and bondage with Beijing

Recently released details of Kenya's 2014 loan agreement with China to finance a controversial railway project have once again highlighted the predatory nature of Chinese lending in developing countries. The contract not only imposed virtually all risk on the borrower (including requiring binding arbitration in China to settle any dispute),…

Bangkok Post · Nov 25, 2022

‘Steady’ Black Friday for retailers despite cost of living crisis and rising prices

High Streets get a welcome boost on global shopping day – but there are protests in Dublin and Belgium

The Independent UK · Nov 25, 2022

CSRC Suspends Huajin Securities’ Bond Underwriting for Three Months

Action follows special inspection this year of eight large securities firms’ investment banking businesses that found flaws in internal controls and security mechanisms

Caixin Global · Nov 25, 2022

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The Guardian - UK · Nov 25, 2022

Unite cuts ties with key supplier over fears of financial irregularities

Union opens independent inquiry, saying it acted to avoid possible breach of Proceeds of Crime Act

The Conversation · Nov 25, 2022

Tackling climate change will require reforming the World Bank and IMF – here are two options

A global transition to a low-carbon economy will require investments of at least US$4 trillion a year (£3.4 trillion) according to the implementation plan agreed at COP27 UN climate change summit in Sharm El-Sheikh, Egypt. Delivering this funding will involve nothing less than “a swift and comprehensive transformation of the…

StockNews.com · Nov 25, 2022

1 Stock to Buy for Your Retirement Account and 1 to Keep Out

Following October’s favorable inflation data, the Fed is expected to slow down its rate hike aggression. While there’s a surge in investors’ optimism, uncertainty remains. Therefore, investors looking to strengthen their retirement portfolio could consider buying quality dividend-paying stock Kroger (KR). However, fundamentally weak Carvana (CVNA) might be avoided. Keep…

Evening Standard · Nov 25, 2022

Who is Michelle Mone? BBC airs documentary on ex Tory peer's downfall

Baroness Michelle Mone called the BBC documentary about her “misleading and one-sided”

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StockNews.com · Nov 25, 2022

3 Stocks You Can Buy No Matter What the Market Does Next

Amid widespread macroeconomic headwinds, the global economic outlook seems uncertain. However, the Fed has finally started contemplating smaller rate hikes. Although uncertainties remain, we think fundamentally strong stocks Walmart (WMT), Centene Corporation (CNC), and Kroger (KR) are quality investments. Continue reading.

The Independent UK · Nov 25, 2022

Hong Kong airport launches new third runway

Hong Kong’s airport has officially launched a new third runway which is expected to boost the city’s status as an aviation hub

Caixin Global · Nov 25, 2022

PBOC to Cut Banks’ Reserve Requirement Ratio to Support Economy

The 25 basis-point reduction, effective Dec. 5, follows a cut of the same magnitude in April, and will free up around $70 billion of cash for lending

Daily Record · Nov 25, 2022

Rare Scots banknotes auctioned to raise cash for food banks amid cost of living crisis

Natwest are auctioning off all of their rare banknotes, including a £50 note that is hoped to fetch almost £2000.

Asharq Al-Awsat · Nov 25, 2022

UAE Govt Annual Meetings Unveil 8 Projects, National Initiatives

The UAE revealed eight national projects and initiatives as part of the outcomes of the annual meetings of the UAE government, which were held this week in the presence of President Sheikh Mohammed bin Zayed Al Nahyan, Vice President and Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid…

Chicago Sun-Times · Nov 25, 2022

Closed accounts, no money: Chime app users complain they were suddenly shut out of their online accounts

Consumers have filed hundreds of complaints saying accounts with the popular fintech app were closed without warning. The company says it can close them “for any reason or no reason.”

The Independent UK · Nov 25, 2022

Rare banknotes going under the hammer to help raise money for food banks

NatWest is putting some of its rare banknotes up for auction and it is hoped the sales could raise more than £400,000.

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