It came as the size of the banks’ combined loan books shrank by more than 50 per cent with the sale of unwanted and problem assets and as borrowers repaid loans at a faster rate than taking on new debt.
…Investment Corporation of the National Bank of Kazakhstan. SoftBank’s ties with Russia first came under the spotlight in late 2016 when Vladimir Putin was seen putting his arm around Masayoshi Son, the…
…central banks have cut rates and unleashed monetary stimulus to limit the economic fallout from the coronavirus pandemic. Investors attributed the latest leg down in the US to expectations that the Federal…
Zimbabwe’s president has picked a fight with the country’s most successful businessman. The economy may be the loser.
Papua New Guinea has asked for World Health Organization help after a rapidly spreading new coronavirus outbreak sparked preparations for large-scale community transmission in the under-resourced country.
Many workers’ lives have been abruptly upended by the coronavirus pandemic, as job losses in tourism, air travel, food and drink or other industries hit those both on fixed contracts and in the informal sector.
South Korea’s economy recorded its worst performance in more than 20 years in the second quarter, the central bank said Thursday, as as the coronavirus pandemic hammered its exports.
Asian markets were mixed Thursday as investors juggled hopes for a new stimulus deal in Washington with concerns about the virus and another flare-up between China and the United States.
… bank was basing its interns in China in its offices in the country, where 80 per cent of its staff had returned to work, instead of giving them remote access to work from home, two people familiar with the…
China’s central bank pumped cash into the banking system via reverse repos Thursday.