Hong Kong’s interbank borrowing cost may stay high and banks may adjust their lending rates, the city’s monetary authority said after a week which saw the overnight funding rate swing wildly.
The US Securities and Exchange Commission sued crypto mogul Justin Sun for allegedly violating securities rules, and said eight celebrities including Lindsay Lohan and the artist known as Soulja Boy illegally touted tokens.
For the twin giants of Swiss banking, it was a tale of two very different events in Hong Kong this week.
Credit Suisse appointed Kwong Kin Mun, the former Southeast Asia wealth management head at Deutsche Bank AG, as its new vice chairman for the region.
South Korea’s private schooling costs rose to a new record and the number of students using them shattered the previous all-time high, highlighting the financial pressure and intense demand for education that’s helped drive the world’s lowest fertility rate.
Hong Kong and Greater Bay Area executives have become more upbeat on hiring this year as the city emerges from its strict Covid controls, according to a survey.
Australia will hold a national vote between October and December on creating a new advisory group to Parliament for the nation’s Indigenous people.
A buyer from mainland China is offering HK$1.2 billion ($153 million) for a mansion in Hong Kong’s Peak area, a sign of the city’s rebounding property market after it reopened to the world.
The share of South Korean developers struggling to pay interest expenses on their loans rose by a quarter last year as the central bank aggressively tightened policy and the local housing market began to wobble.
The Philippine central bank will likely slow the pace of interest-rate increases Thursday, tracking the Federal Reserve that moved by a quarter-point to tame inflation which it sees as a greater risk than a turmoil in the banking system.
