The Bank of Japan announced changes in the yield curve control policy, in the first surprise move of the new governor Kazuo Ueda.
The bank said it would allow the yield of 10-year government bonds to move in a wider range than the target level, and not as strict limits.
The bank kept the short-term interest rate unchanged at -0.1%. The bank also raised its average inflation forecast for the fiscal year 2023 to 2.5%, citing an improving economy.
Saudi Arabia's Public Investment Fund (PIF) has marked a remarkable financial turnaround, achieving a profit of 138.1 billion riyals ($36.81 billion) in 2023, a significant leap from a...
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In a bold financial projection, Singapore’s DBS Bank has announced plans to escalate its wealth management asset base to an impressive $370 billion by 2026. This ambitious goal...
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In recent developments, ICICI Bank, one of India's leading private sector banks, has encountered significant pushback regarding its decision to delist its wholly-owned brokerage unit. This move has...
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In a decisive maneuver aimed at fortifying financial resilience and fostering economic prosperity, Vietnam is ramping up its efforts to rescue struggling banks. This bold initiative reflects the...
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Abu Dhabi-based government investment fund Mubadala has seen its assets under management grow to a staggering $302 billion. This significant increase further solidifies Mubadala's position as one of...
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