Commercial lenders in Hong Kong say they are concerned about a 30% drop in building values over the past 12 months and will consider calling in or restructuring loans if values fall much further. If ... ( read original story ...)
Kuwait to examine amending money laundering, terrorism financing law
Sheetan issued a ministerial resolution for setting up a panel to examine the amendment of the country’s money laundering and terrorism financing law, state news agency KUNA reported on Tuesday. The ... ( read original story ...)
Credit Suisse Hiring Morgan Stanley Dubai Banker Luthra
Credit Suisse Group AG is hiring Morgan Stanley dealmaker Tara Luthra to help expand its investment banking operations in the Middle East, according to people familiar with the matter.Luthra will ... ( read original story ...)
South Korean refiners post record H1 losses on plunge in oil price, demand
Two refiners in South Korea, the world's fifth largest crude oil importer, posted their biggest losses ever in the first half when oil prices slumped as the COVID-19 pandemic ravaged fuel demand. "We ... ( read original story ...)
South Korea proposes ban on overseas coal financing
On the likelihood of South Korea’s national assembly passing the proposed bills, Youn told Eco-Business: “It is currently unclear whether the bills will be passed into law. But [the phase-out of ... ( read original story ...)
Thai Gold Plan May Curb Baht Without Incurring U.S. Anger
The Bank of Thailand’s plan to sever the link between gold trading and the baht may be a way to limit the currency’s long-term gains without incurring the wrath of the U.S. over foreign-exchange ... ( read original story ...)
Japan expresses regret over WTO panel on trade dispute with S.Korea
Japan's trade ministry on Thursday expressed regret over the World Trade Organization's decision to set up a panel to rule on Tokyo's export curbs on some technology materials to South Korea, in an ... ( read original story ...)
Bangladesh Bank slashes interest rates on major financial tools
Private sector credit growth target 14.80%Several risk factors to attain monetary policy program objectives, says BB Governor ... ( read original story ...)
Bangladesh Bank announces ‘expansionary, accommodative’ monetary policy
The Central Bank of Bangladesh has projected domestic credit growth ceiling at 19.3 per cent in the fiscal year 2020-21 (FY21) accommodati ... ( read original story ...)
Despite looming FATF deadlines, Pakistan yet to act to curb terror financing
With deadlines looming next month, Pakistan is yet to comply with 13 conditions out of the 27-point Action Plan of the Financial Action Task Force (FATF) including curbing terror financing, ... ( read original story ...)