The Thai financial system has become more vulnerable due to the more-than-expected contraction of the economic outlook in light of the COVID-19 situation, said Bank of Thailand's (BoT) ... ( read original story ...)
BoT minutes: Financial system vulnerable as pandemic hits economy
Thailand's financial system had become more vulnerable due to a weaker-than-expected economic outlook amid the coronavirus outbreak, minutes from the latest central bank policy meeting showed on ... ( read original story ...)
Turkey: Plan to Divide, Undermine Legal Profession
The Turkish government’s plan to allow for multiple bar associations appears calculated to divide the legal profession along political lines and diminish the biggest bar associations’ role as human ... ( read original story ...)
Banks With ‘Shattered’ Business Models Warned by Japan’s FSA
Japan’s financial regulator is running out of patience with regional banks that are struggling to adapt to an increasingly grim business environment.The Financial Services Agency has targeted some ... ( read original story ...)
Japan’s May current account surplus down 27.9% amid virus pandemic
Japan's current account surplus in May dropped 27.9 percent from a year earlier as a continued rapid fall in the number of foreign vi ... ( read original story ...)
U.S. says Ghosn wired money to man who helped him flee Japan
The disclosure came less than a day after the men, Michael Taylor and his son Peter Taylor, who are trying to avoid extradition to Japan in connection with Ghosn's escape, petitioned a U.S. judge to ... ( read original story ...)
Japan’s Household Spending Slumps by Record as Curbs Hit Travel, Dining Out
Japan's household spending fell at the fastest pace on record in May, as consumers heeded authorities' calls to stay home to contain the coronavirus pandemic, pushing the world's third-largest economy ... ( read original story ...)
Japan and Australia are natural partners for the post-virus era
Australia and Japan have been among the global front runners in managing the COVID-19 health crisis and are positioned to lead the lifting of economic restrictions and the economic global recovery if ... ( read original story ...)
Big Tech’s China Face-Off Risks Sparking Exodus From Hong Kong
(Bloomberg) -- Facebook Inc., Google and Twitter Inc. -- all of which are blocked in the mainland -- are now headed toward a showdown with China that could end up making Hong Kong feel more like ... ( read original story ...)
U.S. Peg Threat Throws Another Test at Hong Kong’s Hardy Markets
The strengths that make Hong Kong appealing as an international financial center are increasingly coming under fire as Beijing and Washington escalate a damaging strategic fight. ( read original story ...)