Asia-Pacific
Singapore, Malaysia guarantee all deposits
Singapore and Malaysia became the latest countries to issue blanket guarantees on all deposits on Thursday.
Financial integration in Asia
A recent collection of eight papers from the Bank of International Settlements focuses on regional financial integration in Asia.
HKMA steps up stability efforts
The Hong Kong Monetary Authority (HKMA) on Tuesday stepped up its efforts to enhance financial stability, issuing a blanket guarantee for customer deposits and offering to re-capitalise its banks.
Asian central banks act on liquidity shortages
Signs of heightening liquidity tensions in Asia emerged on Tuesday, with the Reserve Bank of India adding Rs20,000 crore ($4.16 billion) to its banking system and Bank Indonesia implementing measures to ease stress in foreign-currency markets. Bank…
Australia, NZ guarantee all deposits
Australia and New Zealand became the latest countries to guarantee all deposits over the weekend.
Asia makes rate cut 'truly global'
China cut rates for the second time in as many months on Wednesday, supporting the joint action by six of the most important central banks to loosen policy. A host of other Asian central banks have also replicated the Federal Reserve-led move.
HKMA offers emergency liquidity
The Hong Kong Monetary Authority (HKMA) on Tuesday announced five steps to counter paralysis in the territory's money markets.
HKMA to probe Lehman complaints
The Hong Kong Monetary Authority (HKMA) is investigating complaints that banks have mis-sold investment products related to Lehman Brothers.
Asia needs tightening
There may not be a meaningful reduction in inflation rates without policy tightening in Asian economies, finds new research from the Hong Kong Monetary Authority.
Dollar less important when reserves abundant
The share of the dollar in global foreign currency reserves falls when reserve levels increase, finds a new paper from the European Central Bank.
Asia needs to start raising rates
The recent rise in food prices will significantly impact inflation in Asian economies, according to new research from the Hong Kong Monetary Authority.
Asia's reserves lower borrowing costs
Asian economies benefit from reduced spreads on their privately-held external debt because of their large holdings of foreign-exchange reserves, according to new research from the International Monetary Fund.
Asian inflation may spark investor flight
If inflation continue to rise, a deterioration of investor sentiment about emerging-markets economies cannot be ruled out, said the Exchange Fund advisory committee of the Hong Kong Monetary Authority according to minutes of its June meeting.
Asian inflation to stay high
Inflation in Asian countries will remain high over the medium term due to rising oil prices and a persistent shortage of skilled labour, says new research from Deutsche Bank.
How Asia's banks rode out the credit crisis
Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, explains why Asia's banks have emerged unscathed from almost a year of financial tumult
Settlement risk in Asian FX markets "remains high
Research published by the Bank for International Settlements calls for more extensive use of intra-regional currencies after finding that settlement risk remains high in Asian foreign exchange markets.
Asia remains strong: Pakistan's Akhtar
The Asian economy will continue to perform well despite the recent global financial market turmoil, Shamshad Akhtar, the governor of the State Bank of Pakistan, predicted.
Don't shun Asia: Singapore deputy
Investors have to take a longer term view and continue to chase opportunities in Asia in spite of the subprime crisis in the United States denting confidence, Lim Hng Kiang, the deputy chairman of the Monetary Authority of Singapore, said.
Singapore's Lim hopeful on Asian bond markets
The prospects of the Asian bond market are not without bright spots, said Lim Hng Kiang, deputy chairman of the Monetary Authority of Singapore.
Chinese and Indian roles in world markets limited
China's and India's roles in the global financial system are relatively limited, research published by the European Central Bank finds.
New Zealand holds rates at 8.25%
The Reserve Bank of New Zealand's rate-setting board voted on Thursday to keep the benchmark official cash rate at 8.25% in spite of high inflation.
European and US markets fall despite Fed cut
Stocks listed on European and US bourses continued to slide on Wednesday, following the Federal Reserve's emergency 75 basis point cut on Tuesday.
Fed slashes rates by 75 basis points
The Federal Open Market Committee (FOMC) on Tuesday lowered rates by 75 basis points to 3.5%, the biggest cut since autumn 1984.
Global stocks plummet on US recession fears
Shares in Asia and Europe plunged on Monday amid concern that a United States recession would hit global growth. The Toronto stock exchange was also down by more than 4% at midday trading.