January 2024 – Page 69 – UAG Trade Asia

DBS to Raise Stake in Chinas Shenzhen Bank

January 2, 2024
Business
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Dec 29 Reuters DBS Group Holdings said on Friday it was raising its stake in China39;s Shenzhen Rural Commercial Bank in a S376 million 284.72 million deal, as it looks to tap into growing opportunities in the Greater China region. DBS Bank, a unit of Southeast Asia39;s largest lender, will increase its stake in the unlisted […]

Bank of Israel Makes 1st Cut since 2020, Governor Warns on Spending

January 2, 2024
Politics
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JERUSALEM, Jan 1 Reuters The Bank of Israel lowered shortterm borrowing rates for the first time in nearly four years on Monday, becoming the first developed country to ease policy, while urging lawmakers to rein in spending that has soared during Israel39;s war with Hamas. In reducing interest rates for the first time since April […]