Bank Lending

India Money Market-Volumes Jump to Record as Bank Lending Booms

Bank Lending in India Hits Two-Year High as Companies Skip Bonds

Indonesia’s rupiah falls to record low against US dollar

Indonesia’s rupiah falls to record low against US dollar Currency plunge comes as energy shock from the Iran war casts a cloud over Southeast Asian economies. Indonesia’s rupiah has hit its weakest level ever against the US dollar, breaching the psychological 18,000 threshold amid surging energy costs. The currency hit 18,028 against the greenback on Thursday, despite recent central bank efforts to provide support.

Indonesian rupiah falls to record low against US dollar

Indonesian rupiah falls to record low against US dollar JAKARTA: Indonesia's rupiah hit its weakest level ever against the dollar on Thursday (Jun 4), breaching the psychological 18,000 threshold amid concerns about the country's economy amid surging energy costs. The unit hit 18,028 against the greenback despite recent central bank efforts to provide support.

Live: ASX likely to rise despite US launching strikes against Iran

ASX likely to rise despite US launching strikes against Iran The Australian share market is likely to open slightly higher, despite the United States launching missile strikes against Iran. The strikes were in response to Iran shooting down a US Apache helicopter earlier this week and raises doubts about how close both nations are to reaching a peace deal. See how the trading day unfolds on our blog.

SMFG aims to double sales and trading revenue to $5 billion, markets head says

SMFG aims to double sales and trading revenue to $5 billion, markets head says TOKYO, June 4 : Japan's Sumitomo Mitsui Financial Group is aiming to double revenue in its sales and trading business to 800 billion yen ($5 billion) within the next few years, its head of global markets said, as the bank seeks to catch up with its rivals. Rising interest rates, currency swings and record stock prices in Japan are driving demand for trading products, said Arihiro Nagata, head of SMFG's global...

These cranes are battery-powered as firms increasingly ditch diesel

Fuel shock spurs business uptake of green equipment including batteries and EVs Wed 10 Jun 2026 at 4:50am In short: Volatile fuel prices are accelerating the shift to renewable energy by businesses, including batteries to power equipment or fleets of electric vehicles. NAB says uptake of loans to finance green equipment between March and May this year was almost double the uptake over the same period a year ago. The Grattan Institute says a lack of support services could be a barrier to...

No 'Delhi mein sab nahi chalta hai': After 21 deaths in Malviya Nagar fire, who is to blame?

Twenty-one people are dead. Thirteen of them were foreign nationals who had come to India seeking medical care, not a grave. And as the smoke clears over the charred shell of Flourish Stay B&B in Hauz Rani, a familiar Delhi drama is now playing out — one agency pointing fingers at another, each carefully drawing the boundary of its own responsibility just short of where the failures actually began.

OpenAI wants a trillion-dollar debut. Here's how it stacks up against history's biggest IPOs

OpenAI wants a trillion-dollar debut. Here's how it stacks up against history's biggest IPOs CNA takes a look at the five biggest IPOs in history and how the companies are faring. SINGAPORE: From artificial intelligence giants to private space companies, some of the world's most valuable firms are inching closer to the stock market.

China's state subsidies up to eight times more than OECD's, report says

Chinese state subsidies have hit record levels, climbing to nearly 10% of company revenue in the chip sector and distorting markets, according to a new OECD report, published as the EU mulls new measures to counter Beijing's aid. Chinese companies received between three and eight times more subsidies than Western firms between 2005 and 2024, according to a report published on Monday by the Organisation for Economic Co-operation and Development (OECD). The findings come as European...