Insurance Australia Group is set to launch an insurtech innovation hub in Singapore with the aim of co-creating new products.
Asian Markets | February 21st, 2017 | Continue reading »
China’s major banks are looking at the first earnings upgrade cycle since 2014 as margins jump on the back of rising interest rates.
Asian Markets | February 20th, 2017 | Continue reading »
China’s newly-minted asset managers are seen by Beijing as the best way to tackle the mountain of bad debt in the banking system
Asian Markets | February 17th, 2017 | Continue reading »
Asia’s credit is still good at Moody’s with the region tipped to remain among the fastest-growing globally, according to the agency’s latest work on credit fundamentals.
Asian Markets | February 13th, 2017 | Continue reading »
Beijing's clampdown on foreign lending will have some impact but Chinese companies will continue to see Australia as a favorite destination for their capital, according to one local dealmaker.
Asian Markets | February 9th, 2017 | Continue reading »
Americans choke on $1 coin stockpile
The UK newspaper The Telegraph reported recently that a mountain of 1.2 billion dollar coins is sitting unused in US government vaults because the American public is so attached to the traditional dollar bill. The US Mint has been producing vast numbers of the gold-coloured coins after being ordered to do so by Congress in 2005.
American taxpayers could save $500 million (A$524m) a year if they switched from paper dollars, which wear out quickly and must be replaced, to the more durable metal version, according to the US government accountability office.
Yet demand from banks for the coins has been so low that US$1.2 billion worth – which cost US$300 million to manufacture – are sitting in storage, an investigation by National Public Radio found.
According to The Telegraph, opinion polls show that three-quarters of the American public say they would prefer to carry on using the paper dollar bill, affectionately known as the “greenback”, which celebrates its 150th birthday next year.
Comment: AB+F Blog
Two early for reform celebration: The one-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act passing into law rolled quietly by last month... [more]
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