Financial Industry News
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Financial Services Roundup: Market Talk
The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0652 GMT – The recent sell-off in shares of U.K. banks can't be justified ahead of third-quarter results which should…
Healey should 'stay the course' and repair UK finances, says top IMF economist
John Healey should “stay the course” and continue repairing the UK's public finances, the International Monetary Fund's top economist has said, after the fund lifted its growth forecast for Britain. Little more than a fortnight before…
Taiwan finance minister to attend APEC meeting in Hong Kong
Taiwan Finance Minister Chuang Tsui-yun will attend a meeting of APEC finance ministers in Hong Kong next week, her ministry said on Tuesday, at a time when Beijing has stepped up military and political pressure on Taipei. SCROLL TO CONTINUE WITH…
Maternity pay 'financial support' update issued by DWP
The Government has responded after calls to increase maternity pay for new mothers. Currently, statutory maternity pay (SMP) is paid for up to 39 weeks. This means you receive 90 per cent of your average weekly earnings before tax for the first six…
Threat of AI share crash puts world financial stability at risk, says IMF
The threat of an AI share price crash rippling out across global markets is putting world financial stability at risk, the International Monetary fund has warned. In its twice-yearly Global Financial Stability Report, the IMF highlighted the…
Tencent Kicks Off $5 Billion Bond Sale to Finance AI Spending
Tencent Holdings Ltd. began marketing dollar and offshore yuan bonds in an offering that could raise around $5 billion to support its escalating investments in artificial intelligence. The Chinese technology and gaming giant has set initial price…
Syed Saddiq urges Asean pressure, financial squeeze on firms linked to haze
PARLIAMENT | Muar MP Syed Saddiq Syed Abdul Rahman has called for stronger diplomatic and financial pressure on companies linked to forest fires in Indonesia, saying repeated appeals alone have failed to resolve the transboundary haze problem.
IMF warns of AI market correction, cyber threats to financial system
The IMF warned on Tuesday (October 13, 2026) of 'elevated' risks faced by the global financial system, with potential perils including an AI-related market correction and cyber threats that could have 'severe' consequences. The cautionary message…
[COVER STORY] Why Gyeonggi Province is under financial strain
Gyeonggi Province, Korea's most populous province, narrowly averted disruptions to essential welfare programs with the passage of a supplementary budget on Monday. But restoring funding for the rest of 2026 has not resolved the fundamental problem…
Shinhan Financial acquires Lotte Insurance for $518 mil.
Shinhan Financial Group Inc., a major banking group, has decided to take over a midsize non-life insurer for 693 billion won ($518 million) to diversify its business portfolio, industry sources said Tuesday. Shinhan Financial's board of directors…
CKI at its strongest-ever financial position, Victor Li says in CKI CEO Symposium
CK Infrastructure (1038) said on Monday that it has concluded a two-day CKI CEO Symposium in Hong Kong, gathering chief executives of 20 member companies across Hong Kong, the United Kingdom, Australia, Canada, the Netherlands, Germany and New…
HSBC, Goldman to headline HKMA's Global Financial Leaders' Summit, Bloomberg reports
Global finance chiefs from HSBC (0005), Goldman Sachs, Morgan Stanley, UBS, and Citadel Securities are expected to join the fifth Global Financial Leaders' Investment Summit in November, organized by the Hong Kong Monetary Authority, Bloomberg…
Surging Bond Yields Are Top Risk to Financial System, IMF Says
A surge in government bond yields is the biggest emerging risk to the global financial system, a top official at the International Monetary Fund said, as the IMF presented its twice-yearly report on the financial stability outlook. Athanasios…
IMF Flags AI Risks, Cyber Threats To Global Financial Stability
The message was delivered by the International Monetary Fund's latest Global Financial Stability Report The IMF warned on Tuesday of 'elevated' risks faced by the global financial system, with potential perils including an AI-related market…
Tasmania's financial windfall from mine leads to creation of future fund
Topic:Mining and Metals Industry In 2023, the Tasmanian government acquired 12 per cent of the shares of a struggling tungsten mine after its owner could not repay a $10 million loan. The price of tungsten has since significantly increased. A…
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