Half Mag / Half Zine
Sumitomo Mitsui Financial Group Inc (8316.T) and Mizuho Financial Group (8411.T) on Monday reported strong second-quarter profits on demand from overseas clients looking to lock in loans ahead of higher interest rates. Sumitomo Mitsui, Japan’s second-largest bank by assets, lifted Read more
Morgan Stanley expects the Bank of England (BoE) to cut interest rates by 150 basis points in 2024 after stopping its tightening cycle in March of next year. “The BoE stops hiking as Bank Rate hits 4.0% in March 2023. Read more
Martin Sorrell said his digital ad group S4 Capital (SFOR.L) had maintained momentum in a third quarter marked by disappointing results from major platforms including Alphabet’s Google (GOOGL.O) and Facebook’s Meta (META.O). read more read more “The prospects for Alphabet, Read more
Singapore-based crypto exchange Crypto.com’s chief executive said the firm will prove all naysayers wrong on the platform being in trouble, and that it has a robust balance sheet and took no risks. Chief executive Kris Marszalek took questions in a Read more
China’s financial regulator will allow property developers to access some pre-sale housing funds, it said in a notice published on Monday, the latest move to ease a liquidity crunch which has plagued the real estate sector since mid-2020. The notice Read more
Asia must phase out coal power gradually while still making use of existing infrastructure to make the shift to a carbon-neutral society less disruptive, Seiji Izumisawa, president of Japan’s Mitsubishi Heavy Industries (7011.T), said. Efforts to stave off disastrous climate Read more
Goldman Sachs said it expects a “significant” decline in U.S. inflation next year due to easing in supply chain constraints, a peak in shelter inflation and slower wage growth. The U.S. lender on Sunday forecast core personal consumption expenditure (PCE) Read more