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MUMBAI -- The Japan Bank for International Cooperation and other lenders agreed Thursday to provide up to 20 billion yen ($130 million) in financing to Indian state-owned hydropower company NHPC as it broadens its renewable energy portfolio.
Chinese regulators are pushing banks to speed up approvals of new loans to cash-starved private property developers, people with knowledge of the matter said, a bid to revive homebuyer sentiment that risks denting lenders' asset quality.
Central banks around the world reached a pivotal point this week, with Switzerland becoming the first major economy to cut interest rates and the Bank of Japan hiking for the first time in 17 years.
The Federal Reserve and the European Central Bank look poised to make "major progress" in cutting interest rates this year, according to the central bank of central banks.
As inflation loosens its grip in most economies, investors are closely monitoring interest rate decisions, with markets expecting a slew of rate cuts this year.
Chinese regulators recently met financial institutions to discuss state-backed property developer China Vanke where they asked large banks to enhance financing support and asked private debt holders to discuss maturity extension, two sources said.
TOKYO -- Japanese banks are racing to use generative AI in their businesses, from call center operations and ATM services to anti-money laundering and equity analysis, as they aim to raise profitability and lift their share prices.
SINGAPORE -- Banks in the 10-member ASEAN bloc may be seeing the last of beefy earnings from loans in the current higher financing era as lower interest rates loom.