Singapore businesses most digitally-ready in Asia-Pacific: Survey

SINGAPORE (THE BUSINESS TIMES) Businesses here have come in tops in a DBS survey of the digital readiness of corporates in the Asia-Pacific (APAC) region, with 45 per cent of local businesses indicating they have a well-defined digital strategy. Hong Kong came in second at 44 per cent, while Japan – which came in first last year – was third […]

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TREASURIES-Yields fall after 30-year auction sees solid demand

(Recasts with auction results, adds analyst quotes, updates prices) By Karen Brettell NEW YORK, Sept 10 (Reuters) – U.S. Treasury yields fell on Thursday and the yield curve flattened after the government sold $23 billion in 30-year bonds to solid demand, the final sale of $108 billion in new coupon-bearing supply this week. The 30-year debt sold at a high […]

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Indonesia minister says economic policies must align better to tackle crisis

JAKARTA, Sept 9 (Reuters) – Indonesia must synchronise monetary and fiscal policies better to tackle economic pressures caused by the pandemic, although the government does not back a proposal for a monetary board to oversee the country’s central bank, a top minister told Reuters. Coordinating Minister of Economic Affairs Airlangga Hartarto said the government was seeking to strengthen financial reforms […]

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Australia to extend bankruptcy protection rules until end 2020

SYDNEY (REUTERS) – Australia will extend its temporary insolvency and bankruptcy protection rules until the end of this year, Federal Treasurer Josh Frydenberg said on Monday, providing businesses a lifeline to recover from the impact of the coronavirus pandemic. Under the rules, which were first introduced in March and due to expire on Sept 30, creditors cannot issue bankruptcy notices […]

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UPDATE 1-Euro zone bonds show little reaction to negative inflation reading

* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Recasts, adds details, comments) By Yoruk Bahceli AMSTERDAM, Sept 1 (Reuters) – Euro zone government bonds showed little reaction to a drop in inflation on Tuesday, with attention turning to what that might mean for the European Central Bank’s policy meeting next week. Euro zone inflation turned negative in August for the […]

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UPDATE 2-Canada to phase out special capital treatment of deferred loan, premium payments

(Adds portfolio manager comment, share prices) By Nichola Saminather TORONTO, Aug 31 (Reuters) – Canada’s financial regulator said on Monday it will begin reversing some of the measures adopted at the onset of the coronavirus pandemic to ensure adequate liquidity, adding to challenges facing financial firms as other government aid programs wind down. The Office of the Superintendent of Financial […]

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