The head of Australia's central bank on Tuesday said further increases in interest rates would likely be needed to tame inflation, and it was ready to go faster on hikes or to pause for a time if necessary.
Credit Suisse Group AG on Tuesday confirmed an extraordinary general meeting will take place on November 23 for shareholders to approve a proposed capital increase.
Banks that lent $12.7 billion to Elon Musk for his $44 billion Twitter takeover will hold the debt until early next year as they wait for the billionaire to unveil a clearer business plan they can market to investors, the Financial Times reported.
National Australia Bank Ltd on Tuesday said it will hike its standard variable home loan interest rate by 25 basis points (bps) per annum from end of next week, matching the central bank's rate hike from .
Australia's central bank on Tuesday stuck with a slower pace of interest rate rises for a second month while revising up its inflation outlook, saying more rate hikes would be needed as it struggles to keep the economy afloat while battling inflation.
Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Tuesday the central bank must maintain ultra-loose monetary policy to support an economy that is still recovering from the COVID-19 pandemic.
Credit Suisse is forging ahead with expansion in China, with the country and Hong Kong set to see strongest pace of headcount growth in Asia, its regional head said, even as the Swiss bank's turnaround strategy leads to job losses elsewhere.
Asia-focussed insurer AIA Group Ltd reported a 1% rise in quarterly new business value on Tuesday as sales recovered from pandemic lows in its main markets of China and Hong Kong.
Turkey's central bank sent a letter to local lenders on Monday, warning them against conducting forex transactions with foreign banks during "off hours" and offering deposits with very high interest rates to avoid bond holding requirements.
Portugal's largest listed bank, Millennium bcp , posted on Monday a 63.4% jump in nine-month net profit thanks to a robust rise in core income stemming from policy rate hikes and despite losses at its Polish subsidiary.
