The Bank of Japan indicated a cautious stance toward pivoting from massive easing before achieving its inflation target, helping cool market speculation over any big monetary policy shift at the start of incoming governor Kazuo Ueda’s term.
Blume Ventures, an Indian early stage startup-backer, will demand portfolio companies headquartered abroad hold well-capitalized bank accounts in the South Asian country after the failure of Silicon Valley Bank.
Asian economies are in a better position than their developed-world counterparts to absorb shocks from a banking crisis that has roiled global financial markets, according to analysts at Morgan Stanley.
HSBC Holdings Plc led declines among financial stocks listed in Hong Kong as worries over risky bond exposures related to Credit Suisse Group AG spurred further risk-off sentiment.
The Philippine central bank may increase its key rate by 25 basis points or leave it unchanged at its policy meeting on Thursday, Finance Secretary Benjamin Diokno said.
Sea Ltd. has made the changes it needs to deliver profits over the long haul, billionaire founder Forrest Li said in a memo to staff, assuring workers who had survived months of steep job cuts that the worst is over.
Commodity markets gave a muted response to a dramatic weekend of intervention by authorities that saw UBS Group AG agree to buy Credit Suisse Group AG and central banks boost dollar liquidity.
India will spend about 980 billion rupees ($12 billion) over the next two years on airports, with airline orders for hundreds of new planes to meet resurgent travel demand putting pressure on existing infrastructure.
Easing financial conditions globally have made Morgan Stanley “outright bullish” on growth stocks versus their value peers in Asia and emerging markets.
Shares of China Huarong Asset Management Co. plunged Monday after the bad-debt manager forecast a massive loss for last year.
