International Finance News and Updates – International Business Times, Singapore

Credit Suisse Inches Closer to Triggering Another Global Financial Meltdown?

The worst-case scenario is for the bank to file for bankruptcy, but Credit Suisse is digging in and fighting it out.

Oct 4, 2022

By Jacob J

Credit Suisse Lehman Brothers Moment: Bankruptcy, Merger or a Difficult Turnaround?

Credit Suisse had a market capitalization of $22.3 billion just a year ago. This has crashed to just $10.4 billion as of now, even as shares have plunged 56%.

Oct 3, 2022

By Jacob J

UK Pound Plunges to All-Time Low, Fueling Fears of Sterling Parity With Dollar; All Eyes ob BoE

The sharp plunge in the sterling was triggered by the tax cutting measures announced by Chancellor Kwasi Kwarteng.

Sep 26, 2022

By Jacob J

Goldman feels the heat in Asia as IPO engine slows

Investment Banking Giant Goldman Sachs to Cut Hundreds of Jobs as Profits, Revenue Dip

Earlier in July, Goldman Sachs had said that it was expecting lower profits and hinted at moderating its employee strength.

Sep 13, 2022

By Jacob J

Euro Slides to 20-Year Low, European Stocks Fall as Russia Keeps Nord Stream Shut

Europe says Russia is weaponizing gas supplies but Moscow says it will not restore full supplies until sanctions against Russia are lifted.

Sep 6, 2022

By Jacob J

Credit Suisse to Cut 5,000 Jobs as Banking Giant Looks to Save $1 Billion in Costs - Report

The jobs lost will comprise about 10 percent of the bank's entire workforce.

Sep 2, 2022

By Jacob J

Who is Calvin Choi? AMTD Being Probed in Hong Kong After Mysterious Share Boom Made Unknown Banker Asia's Sixth Richest Person

Calvin Choi is now the sole owner of a vehicle that controls 32.5 percent of AMTD Group.

Aug 18, 2022

By Jacob J

Citigroup Shares Surge More Than 10% as Second Quarter Profit Beats Expectations

The group's total revenue increased 11 percent to hit $19.6 billion, which was above the average analyst estimate of $18.4 billion.

Jul 15, 2022

By Jacob J

JPMorgan Reports 28% Drop in 2nd Quarter Profit, Shares Fall 4%

The US banking behemoth reported a profit of $8.6 billion in the second quarter, lower than analyst estimates.

Jul 14, 2022

By Jacob J

Singapore's Temasek Says Net Portfolio Value Hits Record S$400 Billion Amid Investment Slowdown

According to Temasek, while the investment totalled S$61 billion in the last financial year, and divestments stood at $37 billion.

Jul 12, 2022

By Jacob J

Turkey attempted military coup: 21 Singaporeans and 127 Malaysians stranded in Turkish airport

Turkey Inflation Soars, Lira Remains Worst Performer as Erdogan's Islamic Handling of Interest Rates Fails

The Turkish central bank has had negligible freedoms in setting the monetary policy in recent years as Erdogan believes interest rates are the 'mother of all evil'.

Jul 4, 2022

By Jacob J

Russia Has the Funds and the Debt Default is Symbolic: FIVE Points

Russia's foreign bond liabilities amount to $40 billion, but the default in question relates to $100 million in interest on two bonds.

Jun 27, 2022

By Jacob J

Federal Reserve Will Raise Interest Rates by 75 Basis Points in July, Despite Recession Concerns - Poll

A strong majority expect the central bank to hike its policy rate by another 50 basis points in September as well.

Jun 22, 2022

By Reuters

Citigroup to Hire 3,000 Staff in Asia to Expand Institutional Banking Business

The massive Asia hiring comes as a surprise, as the banking behemoth had quit the consumer banking scene in most of Asia.

Jun 7, 2022

By Jacob J

Russia Works on New Bond Payment Mechanism to Avert Default - Report

The proposed bond-payment mechanism is a mirror image of the system in place for facilitating the natural gas exports, Russian finance ministry says.

May 30, 2022

By Jacob J

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A Democratic vs a Totalitarian State

By IBTimes SG Desk

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International Finance News and Updates – International Business Times, Singapore

Credit Suisse Inches Closer to Triggering Another Global Financial Meltdown?

Credit Suisse Lehman Brothers Moment: Bankruptcy, Merger or a Difficult Turnaround?

UK Pound Plunges to All-Time Low, Fueling Fears of Sterling Parity With Dollar; All Eyes ob BoE

Investment Banking Giant Goldman Sachs to Cut Hundreds of Jobs as Profits, Revenue Dip

Euro Slides to 20-Year Low, European Stocks Fall as Russia Keeps Nord Stream Shut

Credit Suisse to Cut 5,000 Jobs as Banking Giant Looks to Save $1 Billion in Costs - Report

Who is Calvin Choi? AMTD Being Probed in Hong Kong After Mysterious Share Boom Made Unknown Banker Asia's Sixth Richest Person

Citigroup Shares Surge More Than 10% as Second Quarter Profit Beats Expectations

JPMorgan Reports 28% Drop in 2nd Quarter Profit, Shares Fall 4%

Singapore's Temasek Says Net Portfolio Value Hits Record S$400 Billion Amid Investment Slowdown

Turkey Inflation Soars, Lira Remains Worst Performer as Erdogan's Islamic Handling of Interest Rates Fails

Russia Has the Funds and the Debt Default is Symbolic: FIVE Points

Federal Reserve Will Raise Interest Rates by 75 Basis Points in July, Despite Recession Concerns - Poll

Citigroup to Hire 3,000 Staff in Asia to Expand Institutional Banking Business

Russia Works on New Bond Payment Mechanism to Avert Default - Report

A Democratic vs a Totalitarian State

A Democratic vs a Totalitarian State

Charting a Responsible Future: Malaysia's National Action Plan on Business and Human Rights 2025-2030

Charting a Responsible Future: Malaysia's National Action Plan on Business and Human Rights 2025-2030

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed

India@75: Article-370 in J&K is History; Three Glorious Years Later, "Nothing" Has Changed