News
Why Moody's is confident that Aussie banks are robust against challenges
Despite economic transition soon.
Why Japan megabanks' big gains could be short-lived
Effects of monetary easing could be temporal.
OCBC disposes Vietnam Prosperity Joint Stock Commercial Bank for $55.5m
Purchase offer proved too irresistible.
Hong Kong's offshore RMB loans soared 36% to CNY107b
But here's the catch.
Taiwan's RMB deposits hit new high of 123.2b in October
That's in domestic and offshore banking units.
Security Bank's net income surged to PHP4.2b
Thanks to higher trading gains.
Why analysts think Singapore banks are ''proxies'' to 2013, 2014 GDP jump
Could loan growth be the answer?
Bank of China, UnionPay International unveil travel card in Southeast Asia
It's already available in 3 countries.
Why Hong Kong banks may have structurally derated
Lower margins are largely to blame.
CIMB's profit jumped 7.3% to RM3.5b in 9MFY13
ROE is impressive at 16%.
This is the only Hong Kong bank likely to post growth in profitability
Others are seen to deteriorate.
This is Asian investors' biggest fear on Fed tapering
Yields could rise above 35.
China's RMB506b loan growth disappoints market
It was 13% below their expectations.
Here's more proof that Indian banks are still down in the doldrums
Negative outlook looms for public-sector banks.
Why Japanese banks' core profitability lacks strength
Core lending has yet to benefit from Abenomics.
South Korea, Russia to establish joint fund to boost investments
Fund announced by Russian President Vladimir Putin. South Korea and Russia agreed this week to establish a US$500 million joint fund with their sovereign wealth funds aimed at increasing cross-border investments in different companies and projects. The deal was announced by Russian President Vladimir Putin who was in South Korea earlier this week on an official visit. Under the agreement, Korea Investment Corporation and the Russian Direct Investment Fund will invest the same amount of money into companies or projects in both nations and invite private sector participation to boost the capital for joint projects. This move is expected to result in a positive return of investment and predictable cash flow. RDIF CEO Kirill Dmitriev said both sovereign funds are currently evaluating a number of joint projects in areas such as infrastructure and energy. He said that with the support of state-backed funds, Korean and Russian companies will feel comfortable when making investments. KIC had some US$64.5 billion in net assets in September while RDIF has US$10 billion in its fund. RDIF was established two years ago to make equity investments, mostly within Russia.