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...“The overall message we got was they want to make clearer that Singapore is still the safest, most reliable financial hub in the region.” Standard Chartered and Citigroup declined to comment....
...This year, the bank would focus on commercialising and monetising relationships it has built in the region, Ng added....
...Banks in the region have enjoyed a surge in profits as low defaults and high interest rates boosted lending margins....
...The region-wide Stoxx Europe 600 rose 0.5 per cent, as did France’s Cac 40, while Germany’s Dax added 0.6 per cent. US stocks, meanwhile, looked set to snap a six-session losing streak....
...India and its neighbours are not creating enough jobs to sustain their young populations, the World Bank has warned, putting the region’s demographic dividend at risk even as it enjoys the world’s fastest...
...The West Bank is also severely impacted,” Georgieva said during a speech in Washington on Thursday....
...Such funds arrived “10-to-20 years before any other country did anything similar, at least in Europe”, said Carl Rosenius, head of equity capital markets at Swedish bank SEB....
...European stocks held steady on Monday as traders await a busy week of central bank policy meetings. The region-wide Stoxx Europe 600 fell 0.1 per cent, as did France’s Cac 40....
...London was the most expensive region in the UK, with an average house price of £519,505....
...many other central banks had done during the pandemic....
...The bank’s Hong Kong-listed shares dropped more than 3 per cent after the results. HSBC’s payouts are bucking the trend, both in terms of its own results and the region....
...The group points to the decline in the region’s share of global capital markets activity in Europe, from 18 to 10 per cent, since 2008. But the US had shed a similar chunk of share in that time....
...The UK’s FTSE 100 closed at a record high, boosted by weakness in the pound and rising expectations of interest rate cuts from the Bank of England....
...The region-wide Stoxx Europe 600 added 1.1 per cent — led higher by strong performance from technology groups and healthcare stocks....
...“Other regions are no longer playing by the rules and are actively devising policies to enhance their competitive position,” Mario Draghi, a former Italian prime minister and European Central Bank president...
...region....
...A softer exchange rate could help exports, said Foley, and the boost to growth would be particularly welcome for countries in the region, such as France and Italy, that are struggling with rising government...
...Economists said the fall in borrowing, which reflected lower investment plans, meant the region’s economy was likely to continue stagnating....
...ICBC and BOC have been setting up more branches along the Belt and Road regions across Asia to diversify away from previous focus on developed markets....
...According to the 2023 Direct to Consumer Wine Survey by the Silicon Valley Bank, the average cost of a “reserve tasting” in Napa Valley was $128....
...In short, bank capital is trapped. When capital can no longer move across jurisdictions, balance sheets in each region are fixed....
...The first weakness is the region’s anaemic economic growth. Second the region’s quixotic policymaking....
...She cites Germany’s development of green steel, using its state development bank KfW to make loans conditional on the introduction of environmentally friendly technologies....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...The region’s lenders have been under pressure to lift returns from investors, who have been spooked by dividend bans and windfall taxes in recent years....
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