Asian-News.net is your go-to online destination for comprehensive coverage of major news across Asia. From politics and business to culture and technology, we bring you the latest updates, deep analyses, and critical insights from every corner of the continent. Featuring exclusive interviews, high-quality photos, and engaging videos, we keep you informed on the breaking news and significant events shaping Asia. Stay connected with us to get a 24/7 update on the most important stories and trends. Our daily updates ensure that you never miss a beat on the happenings in Asia's diverse nations. Whether it's a political shift in China, economic development in India, technological advancements in Japan, or cultural events in Southeast Asia, Asian-News.net has it covered. Dive into the world of Asian news with us and stay ahead in understanding this dynamic and vibrant region.
LONDON — The Bank of England is set to hold interest rates steady at its Thursday meeting, with traders expected to pore over the details of Governor Andrew Bailey's statement as anticipation builds for a potential summer rate cut.
VIENNA/WASHINGTON -- The U.S. is considering imposing sanctions on Chinese financial institutions believed to be helping Russia amid its invasion of Ukraine, in a bid to clamp down on what it sees as a lifeline for Russian military production.
SINGAPORE -- Banks in the Association of Southeast Asian Nations are grappling with uncertainty over their loan books as evidence of persistent inflation leads central banks to refrain from slashing interest rates, increasing pressure in the financing business.
Watch Daily: Monday - Friday, 3 PM ET
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
HONG KONG -- China's property crisis is taking a particularly heavy toll on small banks in low-growth provinces, as bad debts to developers erode their finances.
TOKYO -- Seven central banks will join with private-sector lenders to test the use of "tokenized" money on a digital ledger for faster, cheaper international transactions, which could mark a step toward a new settlement system.
HO CHI MINH CITY -- Vietnam's banks are in a quandary as they face official pressure to simultaneously increase lending and scrutinize loans more closely, and with authorities cracking down on financial fraud, including a case in which prosecutors are seeking the death penalty.