12/18/2018
China's plans to invest $20 billion in Egypt collapse
Egypt's economy is still dwindling after the 2011 uprising ushered in political and economic instability.
Legal, Regulation & Compliance
12/18/2018
Bank of Baroda to shut three African branches by June
As on January 31, 2018, PSBs had about 165 overseas branches, besides subsidiaries, joint ventures and representative offices.
12/18/2018
Hong Kong-based Vistra aims to be one of the global ‘big four’ in the corporate services industry
The industry is in a similar position as the accountancy and tax advisory business 30 years ago, before consolidation created a ‘big four’ of dominant global players
12/17/2018
China central bank says to guide credit, social financing growth as economic challenges rise
The central bank reiterated that it will step up support for private and smaller companies, making it easier for these firms to access bank loans.
12/17/2018
This PowerPoint presentation proves Huawei CFO Sabrina Meng Wanzhou is guilty, says US. Preposterous, says her lawyer
But the US says Skycom was actually an unofficial subsidiary, helping Huawei evade US and EU sanctions on Iran
12/17/2018
New Zealand Proposes to Nearly Double Bank Capital Requirements
“Having shareholders able to absorb a greater share of losses if the company fails also provides stronger protection for depositors.”
12/17/2018
Asian central bankers on the ropes
India's RBI is not alone as governments fight to curb hard-won bank independence
12/17/2018
The Story of Malaysia’s 1MDB, the Scandal That Shook the World of Finance
The figures are mind-boggling: A Malaysian parliamentary committee identified at least $4.2 billion in irregular transactions related to 1MDB.
12/17/2018
Malaysia files criminal charges against Goldman Sachs over 1MDB
According to the charge sheets filed in a Kuala Lumpur court obtained by theedgemarkets.com, the primary target is Goldman Sachs International (UK) which had arranged the sale of three bonds — two in 2012 and one in 2013.
12/16/2018
China’s rich rush to shelter $1 trillion from new taxes
The reforms, which take effect Jan. 1, are meant to reduce the tax burden on lower-and middle-income people by making the rich pay more.
12/16/2018
Asia faces tough contradictions in dealing with climate change
A major sticking point in negotiations was hammering out a new set of transparency standards.
12/16/2018
$3b worth Pakistani named in UK insider trading case
The trader said that his Pakistani associate was trading “high multiples” alongside him.
12/16/2018
China Confronts Its Eternal Dilemma
With pressure building for major stimulus, leaders must decide whether boosting growth or controlling debt is more important.
12/16/2018
China's securities watchdog approves 3 new IPOs
The companies and their underwriters will confirm the IPO dates and publish their prospectuses following discussions with the stock exchanges.
12/13/2018
Malaysia plans $4.8bn rescue of Islamic pilgrim fund
The fiscal gap is set to reach 3.7% of gross domestic product in 2018, the largest in five years.
12/13/2018
Philippines to Introduce Basel III Countercyclical Capital Buffer
Part of the Basel III framework, the BSP had initially decided not to adopt the CCyB, which requires banks to maintain additional capital during periods of excessive credit growth
12/13/2018
Police raid home of NAB chief Andrew Thorburn's former chief of staff
It is understood Mr Thorburn is not under investigation.
12/13/2018
HK$6 billion in scammed funds transferred through Hong Kong bank accounts in past 15 months
Police anti-fraud squad seized more than HK$1.1 billion, or 20 per cent of the payments, but fraudsters pocketed the rest
12/12/2018
Loyalty is a mug's game according to the banks
It claims many borrowers with "average mortgages" could save as much as $850 a year just by shopping around for a lower interest rate elsewhere.
12/12/2018
Rules to bolster banking stability
Around 30 institutions could be on China's first D-SIFI list