The TRX token at the center of fraud charges against digital-asset mogul Justin Sun makes up a significant slice of the reserves at the Huobi Global crypto exchange, where the China-born entrepreneur is an adviser.
Taiwan’s central bank unexpectedly raised its key interest rate on Thursday, with Governor Yang Chin-long taking a cautious stance on inflation in his first policy decision since renewing his term in office.
HSBC Holdings Plc reshuffled the management of its global banking and markets arms after Greg Guyett was appointed as sole head of the business last year, according to a memo seen by Bloomberg News.
The Bank for International Settlements will work with central banks in the 10-member Association of Southeast Asian Nations to connect their national payment systems to a cross-border payment gateway.
Rahul Gandhi, the senior leader of India’s main opposition Congress party, has been convicted by a local court of defamation and sentenced to two years in jail after allegedly making offensive remarks in 2019 about Prime Minister Narendra Modi’s surname.
Wall Street banks and European rivals are undoing de facto hiring freezes after Credit Suisse Group AG’s emergency rescue by UBS Group AG, unable to resist the lure of top talent available at a discount.
A slump in the dollar after the Federal Reserve’s latest interest-rate hike will be a breath of fresh air for emerging-market policymakers as it puts a floor under their currencies and eases their efforts to control inflation.
Cathay Pacific Airways Ltd. is in talks with aircraft lessors as it seeks to source as many as 50 of Airbus SE’s A320neo-type aircraft, people familiar with the discussions said, with Hong Kong’s main carrier aiming to ramp up and potentially expand following the scrapping of Covid curbs.
The Philippine central bank shifted to a smaller interest-rate increase and cut inflation forecasts, signaling it may be at the tail end of its most aggressive monetary tightening in two decades.
Coinbase Global Inc. said it received a notice from the SEC formally declaring the securities regulator’s plans to bring an enforcement action against the largest US crypto exchange, the latest development in a long-running dispute between the watchdog and the digital-asset company. The stock slumped as much as 14% in premarket trading on Thursday.
