APAC banks on track for LIBOR phase-out: S&PWednesday 13 October 2021
Singapore banks are leading the way in adopting alternative reference rates.
StanChart to invest $500m in Singapore-based buy now, pay later firm Atome(BNPL)Wednesday 13 October 2021
Standard Chartered Bank (StanChart) plans to provide US$500 million in financing to Singapore-based buy now, pay later (BNPL) fintech Atome Financial, under a 10-year partnership to be rolled out in Indonesia, Malaysia, Singapore and Vietnam.
Chinese Central Bank Commits to Further Reform of Loan Prime RateWednesday 13 October 2021
A senior official from the People’s Bank of China (PBOC) has flagged further reforms of the loan prime rate (LPR) recently adopted as a primary benchmark for the Chinese financial system.
IMF revises sharply higher Greek GDP forecastWednesday 13 October 2021
The International Monetary Fund revised sharply higher its previous Greek GDP forecast to 6.5% this year from previous estimates of 3.3%.
China's Sept export growth unexpectedly picks up, imports slowWednesday 13 October 2021
China's export growth was faster than expected in September, as solid global demand offset some of the pressure on factories from power shortages and a resurgence of domestic Covid-19 cases.