Month: August 2026

CHINA: The People's Bank of China (PBOC) has announced its commitment to timely adjustments in its policy tools, aiming to bolster economic stability. This initiative includes supporting more overseas institutions in issuing panda bonds, which are yuan-denominated bonds from non-Chinese issuers, in an

AUSTRALIA: Australia and New Zealand Banking Group (ANZ) and National Australia Bank (NAB) are playing crucial roles in financing Blackstone's acquisition of a significant portion of HSBC's loan book. The deal, involving at least A$30 billion in senior debt, is structured through a

MALAYSIA: Seven OPEC+ member countries have decided to increase their collective oil production target by 188,000 barrels per day. This adjustment aims to conclude the unwinding of the production cuts that were implemented throughout 2023. The decision reflects efforts to stabilize the global

NEW YORK: New York City managed to avoid a credit rating downgrade from major agencies Fitch and Moody's. The decision comes despite warnings that the city must address its projected budget deficits to prevent future downgrades. The agencies have emphasized the importance of

USA: A recent sell-off in U.S. Treasury bonds has prompted a call for gradual interest rate hikes to maintain the Federal Reserve's credibility on inflation. The recommendation comes from a St. Louis Federal Reserve official, who emphasized the need for careful monetary policy

JUNE: In the second quarter of the year, US employment costs rose steadily, with the employment cost index increasing by 3.4% over the 12 months ending in June. This growth highlights a continued trend of rising expenses for employers in the labor market.

MALAYSIA: ASEAN is striving for greater integration to address global challenges, Deputy Prime Minister Gan said. He emphasized the importance of unity among member states to maintain ASEAN's centrality in the face of global disruptions. This move comes as the bloc aims to

MALAYSIA: Novo Nordisk has faced investor disappointment after reporting revenue for its popular weight loss drug, Wegovy, at $494 million, aligning only with analysts' expectations. The sales figures for the Wegovy pill did not surpass predictions, leaving stakeholders underwhelmed. Novo Nordisk, a leading

CHINA: China has announced new measures to counteract US technology restrictions by imposing stricter controls on drone exports and sanctioning certain US firms. This move comes as a direct response to the US's limitations on Chinese tech companies, a step China views as

MALAYSIA: EBay has announced an optimistic forecast for its upcoming quarterly revenue, citing strong momentum driven by high-value categories. The company reported a 15% increase in second-quarter revenue, reaching US$3.13 billion. This growth is attributed to robust demand in sectors that include luxury