Swedish central bank lowers key rate, sees two more cuts this year
STOCKHOLM: Sweden's central bank cut its key interest rate to 3.75% from 4.00% on Wednesday as expected and said it…
Banking
Public Bank mobilises over RM53bil in sustainable finance
KUALA LUMPUR: Public Bank Bhd has mobilised more than RM53 billion of sustainable finance since 2020 which covers financing portfolio…
CIMB Research expects OPR to stay at 3.0%
KUALA LUMPUR: Bank Negara Malaysia (BNM) is expected to extend its rate pause pending finer details on fuel subsidy rationalisation…
Digital banks will not affect traditional banks in Malaysia
KUALA LUMPUR: The emergence of digital banks in Malaysia does not significantly impact traditional banks, primarily due to their limited…
AmBank, CGC announce additional RM400mil under the SME Portfolio Guarantee Scheme
KUALA LUMPUR: AmBank Group has announced an additional RM400mil financing under the SME Portfolio Guarantee Scheme with guarantee from Credit…
UOB Malaysia launches Masterclass to help businesses for EU’s Carbon Border Policy
KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has launched the Carbon Border Adjustment Mechanism (CBAM) Supply Chain Imperatives…
UBS reports first profit since taking over Credit Suisse
ZURICH: UBS reported net income of $1.8 billion for January-March, its first quarterly profit since it took over fallen rival…
Standard Chartered Q1 profit rises 5.5%, beats estimates
HONG KONG/LONDON: Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in its first-quarter pretax profit, as the…
Hong Kong central bank keeps key rate unchanged, tracks Fed move
HONG KONG: The Hong Kong Monetary Authority (HKMA) kept its base rate charged through the overnight discount window unchanged at…