Bank of America has been ordered to pay more than $1.21 billion in penalties over failures to meet US anti-money-laundering and sanctions requirements, in an enforcement action that the Treasury Department described
South Korea is extending trading hours on its main stock exchange, breaking with established norms across major Asian markets as it seeks to attract sustained participation from global investors and move towards
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JPMorgan Chase has sharply reduced the financing it provides to Jane Street, according to reporting by the Financial Times, as the secretive trading firm’s rapid expansion into the bond market brings it
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China’s technological competition with the United States is increasingly becoming a contest over something less visible than advanced chips, artificial intelligence or industrial software: who can finance innovation for long enough, and
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Indonesia is placing more than US$70 billion of annual commodity exports under closer government scrutiny as Danantara Sumberdaya Indonesia (DSI) prepares to launch its export monitoring platform on Tuesday, Sep 1. The
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UBS has won a significant boost in its battle with the Swiss government after influential lawmakers backed a proposal to substantially reduce the bank’s proposed new capital requirements. Under the compromise plan,
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India has moved a step closer to introducing low-denomination polymer banknotes after Indian and foreign companies submitted bids to supply polymer substrate sheets containing built-in security features. The bids were submitted in
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The sharp rise in government bond yields is increasing debt-servicing costs across the Group of Seven, adding pressure to public finances already strained by historically high levels of borrowing. The United States
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European central bankers left their annual meeting with US counterparts in Jackson Hole, Wyoming, far from reassured about the future of long-standing norms in global financial cooperation, according to sources familiar with
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Former Speaker of Sri Lanka’s Parliament Mahinda Yapa Abeywardena has accused unnamed political actors and others of deliberately distorting information contained in a special audit report on parliamentary vehicles and fuel consumption,
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Accounting firm Deloitte will pay $21.5 million to settle a US Department of Justice probe into its diversity, equity and inclusion practices, resolving an investigation conducted under a federal initiative established during
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Japan’s Finance Ministry will seek a record ¥36.6 trillion ($230 billion) for debt-servicing costs in its initial budget request for the next fiscal year, according to documents, highlighting the growing financial burden
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In 1993, James Carville, a senior adviser to US President Bill Clinton, made an unusual wish. If he were reincarnated, he said, he would rather return as the bond market than as
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The Reserve Bank of India likely intervened in the foreign exchange market on Friday to support the rupee, according to three traders cited by Reuters, as elevated oil prices and sustained corporate
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by Our Correspondent in Colombo Sri Lanka is set to enter a new agreement with the International Monetary Fund (IMF) when its current programme expires in March 2027, according to sources familiar
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Long-term borrowing costs across major economies climbed to multi-decade highs on Tuesday, as investors reassessed the outlook for inflation, government finances and the enormous financing requirements associated with the artificial intelligence boom.
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