Asia Banking

Major bank’s service disruptions cause payment delays at fuel stations across Iran

bne Tehran bureau November 17, 2024

Iran's Bank Mellat electronic banking services, including ATMs, card payment terminals, and Internet banking, faced several hours of disruption on November 17.

Russia to mine Bitcoin in BRICS countries

bne IntelliNews November 7, 2024

In mid-October, during the BRICS Business Forum in Moscow, the Russian Direct Investment Fund (RDIF) partnered with domestic data centre operator BitRiver to construct Bitcoin mining and AI computing facilities for BRICS nations.

Kazakhstan’s big league fintech Kaspi acquires 65% of Turkish Nasdaq peer Hepsiburada for $1.1bn

Akin Nazli in Belgrade October 19, 2024

E-commerce platform’s share price jumps 40% as news of its new owner breaks.

Yen plummets as Ishiba signals no immediate rate hike from BOJ

bno - Tokyo October 7, 2024

Japan's yen has taken a significant hit, plunging to 147.15 against the US dollar, following dovish comments from Prime Minister Shigeru Ishiba regarding interest rates

Uzbekistan joins Kyrgyzstan in committing to October start on China-Kyrgyzstan-Uzbekistan railway construction

bne IntelliNews September 28, 2024

Financing for CKU edging forward with finalised commitments still to be hammered out.

Philippines eyes bold rate cuts as inflation slows

bno - Taipei Office September 25, 2024

As inflation eases, the Bangko Sentral ng Pilipinas is poised to consider significant interest rate reductions, with Finance Secretary Ralph Recto suggesting the possibility of mirroring the US Federal Reserve's recent aggressive move

IREDA, Punjab National Bank to strengthen their partnership in renewable energy financing

bno - Mumbai Office September 25, 2024

Indian Renewable Energy Development Agency Limited and Punjab National Bank are seeking to strengthen their partnership in renewable energy financing, IREDA announced on September 24.

India moves past China to become largest emerging market in MSCI index

bno - Chennai Office September 19, 2024

India has overtaken China to become the largest emerging market in the MSCI All Country World Investable Market Index, marking a significant shift in the global investment landscape

Bank Negara Malaysia expected to keep interest rates steady amid inflation concerns

bno - Surabaya Office September 6, 2024

Bank Negara Malaysia held its overnight policy rate steady at 3.00% during its latest monetary policy meeting in September 2024, signalling that the central bank is unlikely to make any further rate adjustments for the remainder of the year

Malaysian ringgit set to strengthen against US dollar on strong demand and economic indicators

bne IntelliNews September 2, 2024

The ringgit is anticipated to appreciate against the US dollar in the coming week, driven by sustained demand for Malaysia's currency

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