Covid’s lessons have all been forgotten - The Asset
6 days ago · Five years ago, a novel coronavirus was quietly spreading, already well on its way to causing a global pandemic that would expose deep vulnerabilities in the prevailing global economic model. Yet most of the lessons from that period have already been forgotten, leaving the world woefully unprepared for the next crisis
ADB debuts Asia nature financing hub at COP28 - The Asset
Dec 5, 2023 · At COP28 in Dubai, the Manila-headquartered Asian Development Bank (ADB), together with a number of partners, has launched a Nature Solutions Finance Hub for Asia and the Pacific, which aims to raise at least US$2 billion for investment programmes that incorporate nature-based solutions by focusing on capital markets and other sources of private capital.
US Treasury blocks Fed’s inflation cooling moves | The Asset
Aug 21, 2024 · The US Federal Reserve has moved mountains to control inflation, which in July fell below 3% for the first time since 2021. Unfortunately, the Fed finds itself working at cross purposes with the US Treasury, whose debt issuance strategy has been providing backdoor interest rate cuts, keeping inflation above the Fed’s target range.
Philippines may add more than four digital banks | The Asset
Dec 6, 2024 · The Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has indicated that it is open to granting more than four new fully digital bank licences in 2025.
Time to rein in China’s local governments - The Asset
Aug 6, 2024 · The decentralization of decision-making was essential to China’s economic boom in its early years. But now, facing massive local government debt and local leaders’ frequent interventions in resource allocation, further economic reform will require the central government to reassert control over all industrial and fiscal policies
US T+1 settlement is here: What’s next? - The Asset
On 28 May 2024, the US successfully converted to a T+1 settlement cycle, thanks to global collaboration, advance preparation, automated solutions and robust testing.
Brics alternative to greenback, a no-show, so far | The Asset
Nov 18, 2024 · Last month’s Brics summit in Kazan, Russia, was, like all summits, heavy on photo ops. And it yielded a second act that was similarly heavier on symbolism than substance: the release of a report by the Russian finance ministry and central bank on “improvement of the international monetary and financial system”, by which Russian officials obviously meant “finding an alternative to the ...
Interest in blue bonds starting to accelerate | The Asset
Oct 22, 2024 · When France-based international water utility Saur priced a €550 million (US$595 million) 4.875% five-year public blue bond on October 16th, it was a first of its kind in Europe as well as a first for a water utility. Pretty remarkable given the ESG labelled bond market has been around for more than a decade. The bond signalled an …
Financial and ESG intelligence for decision makers | The Asset
4 days ago · The Asset provides authoritative, unbiased coverage of the financial markets together with independent financial research on Asian issues, trends & developments
China property crisis unlikely to end in 2024 despite support …
May 24, 2024 · Chinese authorities have unveiled a raft of measures to stabilize the country's ailing real estate market, but the results so far have not been as optimistic as expected as prices continue to fall.