A vice governor of China's central bank on Saturday promised "substantial" progress will be achieved in liberalization of deposit interest rates by next year.
Hong Hong's financial secretary John Tsang Thursday announced the reappointment of Norman Chan as the Monetary Authority Chief Executive for a five-year term from Oct. 1.
Stanley Fischer, U.S. President Barack Obama's pick for the Federal Reserve vice chair, on Thursday expressed his support for the current path of monetary policy and emphasized the role of the central bank in ensuring financial stability.
Yu'ebao, a popular online wealth management product, will boost funds available for in the real economy, rather than raising financing costs, an official report showed on Monday.
China's new "baby boom" is not of the demographic variety. New financial systems and products are being born everywhere, bringing trouble to some and great expectations for many.
Virgin Australia, the country's second largest carrier, reported on Friday a statutory loss after tax of 83.7 million AU dollars (75 million U.S. dollars) for the first half of the 2014 financial year.
The United States is ready to provide financial support to Ukraine to complement the IMF aid in a bid to improve the East European country's economy, White House said Monday.
China's securities regulator said on Friday that it would work with other agencies to issue a set of rules to govern the burgeoning Internet finance industry.
China will allow private investors to establish rural commercial banks to inject more funds into the countryside and boost rural development, according to the China Banking Regulatory Commission.
The German Agency for International Cooperation (GIZ) will assist three Myanmar private banks in terms of financial techniques for the development of country's small and medium-sized enterprises, local media reported Tuesday.
Singapore's central bank has said that the country is not in danger of being caught in a credit bubble that puts it or the banking system at any risk of crisis.
The Ministry of Finance (MOF) on Friday issued a guideline to boost financial support to counties, which are key links in grassroots administration.
The Lao government has established a committee to push for better revenue collection amid budgetary tension in the wake of a revenue shortfall, according to state-run daily Vientiane Times on Tuesday.
In 2013, China continued to promote the internationalization of the yuan, or Renminbi, with media and analysts buzzing about the effect of recent reforms on the increasingly global currency.
South Korea's economic and finance policymakers on Thursday voiced concerns over short-term volatility in the local financial market after the U.S. Federal Reserve decided to reduce its monetary stimulus program modestly.
U.S. Treasury Department announced Wednesday that it reached an agreement of 33 million dollars with the Royal Bank of Scotland (RBS) over sanction violations, as part of a combined 100-million-dollar settlement between the British bank and U.S. financial regulators.
ASEAN financial integration has proven particularly successful in capital market development, capital account liberalization, financial services liberalization and insurance cooperation.
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