Technology for good: Challenges and progress
Ravi Menon, Singapore’s central bank chief, said fintechs must serve a larger good and create a better, greener world.
Ravi Menon, Singapore’s central bank chief, said fintechs must serve a larger good and create a better, greener world.
Where do you draw the line between regulation and innovation? Central banks are grappling with this issue in the face of rapidly changing technology.
Smartphones may be hailed as the game-changer in efforts to bring more people into the formal banking system, but it’s not living up to the hype.
All it took was another rate cut: Economic growth expectations surged and risk-taking took off in November, according to the Bofa-ML fund managers survey.
Sustainability appears set to lead discussions at Singapore’s Fintech Festival this year, as attendees look for ways to cash in on going green.
The ECB’s decision to cut rates is a “game changer,” set to force the hand of the Fed, Markus Schomer, chief economist at PineBridge, said Monday.
Fund managers are more dispirited about the potential for a trade war resolution, according to the October BofA-ML fund manager survey, released Wednesday.
The MAS reduced the Singapore dollar’s rate of appreciation slightly Monday, taking a more prudent approach to easing policy than some analysts expected.
The U.S. trade war with China may be drawing unstable lines in the sand, but Singapore’s Deputy PM Heng said Thursday Asia remained committed to free trade.
Fund managers’ recession expectations have hit levels last seen during the Global Financial Crisis, according to the BofA-ML September survey Tuesday.
Global fund managers are still nervous in August, pulling away from equities and turning to “insurance,” the BofA-ML fund manager survey said Tuesday.
Global fund managers were a tad less pessimistic, but they continued to fret over economic risks, the BofA-ML fund manager survey for July found.
Small-to-medium sized enterprises (SMEs) are likely to benefit from Singapore’s move to allow digital banks into the market, DBS said in a note Monday.
The Monetary Authority of Singapore said Friday it would issue up to five new digital bank licences, opening the banking sector to non-bank players.
Global fund managers are at their most pessimistic since the Global Financial Crisis amid trade war concerns, the BofA-ML survey for June found.
More than a third of fund managers have taken out hedges to protect against a sharp market fall over the next three months, the May BofA-ML fund manager survey found.
Global fund managers turned slightly less bearish in their economic outlook, spurring additions to their equity allocations, BofA-ML’s April survey found.
The Monetary Authority of Singapore, kept policy unchanged Friday and lowered its inflation forecast, pointing to slowing economic growth in the city-state.
Markets may have recovered from their fourth quarter ructions, but DBS is advising adding more gold to portfolios to stave off the effects of continued volatility.
The yield curve inversion in the U.S. may have set off a fresh round of market jitters, but Eric Rosengren, president of the U.S. Federal Reserve Bank of Boston, said on Tuesday that it’s no longer a reliable recession signal.
The inversion of the U.S. yield curve may have convinced many market participants that the sky is falling, or at least, a recession is looming, but at least two central bankers are unimpressed.
The disruptions and uncertainty central bankers have been dealing with over the past few years have one root cause, said Yellen on Monday.
Former Federal Reserve chief Janet Yellen said on Monday that global central banks don’t have enough bullets in their policy guns to deal with a crisis.
Bank Indonesia will move quickly to keep the rupiah stable, said Nanang Hendarsah, an executive director at the central bank, Insider Stories reported.
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Singapore’s economic growth in the third quarter slowed to 2.6 percent on-year from 4.1 percent in the second quarter, preliminary data from the Ministry of…
The Monetary Authority of Singapore (MAS) effectively tightened monetary policy, saying on Friday that it would slightly increase the slope of the Singapore dollar nominal…
Nomura tipped Indonesia’s rupiah could fall further, after touching its weakest levels since the late 1990s Asian Financial Crisis earlier this week, as Bank Indonesia’s…
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The Monetary Authority of Singapore and Singapore Exchange said on Friday that they entered a tie-up to develop Delivery versus Payment (DvP) services to settle…
Singapore’s government announced a fresh round of cooling measures for the property market, in a move that came a day after the central bank chief…
Asian currencies should be on the defensive ahead as Asian export growth moderates and as China’s economic growth may slow in the second half of…
Singapore shares were likely to struggle to find direction on Monday, with a tough battle for attention as the North Korea-U.S. summit was set to…
Singapore shares may end the week on the back foot after a technology selloff on Wall Street on Friday and amid signs off risk-off moves…
Singapore’s shares may open higher on Thursday amid positive cues from Wall Street overnight and from regional markets after the European Central Bank hinted it…
Markets sold off globally in the wake of political uncertainty in Italy, but a Wells Fargo strategist said that ructions could be an over-reaction. Fresh…
The market is pricing in “negligible” risk from the U.S.-North Korea summit, but there’s an asymmetric risk, Societe Generale said in a note on Friday…
Oil price movements have less impact on global demand now than a decade ago, Capital Economics said in a note this week, pointing to three…