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The U.S. dollar-denominated deposits in South Korea reduced for the first time in five months, central bank data showed Friday.
China's central bank on Saturday issued a circular on adjusting rules for calculating deposits, which will increase the base of fund available for lending at commercial banks, according to web portal Sina.com.
Seabed mining around New Zealand's volcanic exclusive economic zone (EEZ) areas could destroy unique underwater ecosystems and have profound effects on sea life, a leading marine biologist warned Monday.
The reform will help to test the market and to gain experience, laying a firm foundation for the deepening of interest-rate liberalization nationwide, said Zhang Xin, deputy director of the PBoC's Shanghai headquarters.
Cypriot authorities on Tuesday announced the Bank of Cyprus had been fully recapitalized by converting 47.5 percent of uninsured deposits into shares in the bank, as part of the eastern Mediterranean island's 10 billion euros bailout.
Cyprus' parliament rejected a Eurogroup-imposed haircut on bank deposits, plunging the eastern Mediterranean island into economic uncertainty verging on uncontrolled default.
The Eurogroup made an unprecedented decision at the end of a marathon bargaining in the early hours of Saturday, imposing a so-called bail-in, or haircut, on Cyprus, meaning all depositors have to pay a one-off tax. This was fixed at 6.75 percent for deposits up to 100,000 euros and at 9.9 percent for deposits above that amount.