Asia
Singapore regulator sets up fintech advisory panel
The Monetary Authority of Singapore (Mas) has set up an international technology advisory panel (Itap) to discuss fintech developments around the world and how Singapore can harness new technologies to enhance its financial services industry.
HSBC and Standard Chartered shares jump despite profit slides
Shares in HSBC jumped 3.6% in London on Wednesday despite it revealing a 29% slide in profits to $9.7bn (£7.3bn, €8.7bn) for the first half.
Japan announces $45bn fiscal stimulus package
Japan is set to launch $45bn (£34bn, €40.2bn) of new fiscal stimulus measures after Prime Minister Shinzo Abe and the cabinet gave the plan the go ahead.
Nikko AM to launch global credit Ucits fund
Japanese fund group Nikko Asset Management plans to launch a Luxembourg-domiciled Global Credit Ucits fund on Wednesday which will invest in a worldwide portfolio of corporate bonds and target a 4% absolute return.
Markets flat as Japan leaves helicopters grounded
Markets were largely flat on Friday as investors digested the news that Japan has decided not to launch the ‘helicopter money’ that some see as the answer to its economic struggles.