HONG KONG, Oct 29 : The Hong Kong Monetary Authority left its base interest rate unchanged on Thursday at 4.25 per cent, following the US Federal Reserve's decision to hold rates steady. Hong Kong's monetary policy moves in lock-step with the United States as the city's currency is pegged to the greenback in a
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SEOUL, Oct 29 : A voting member on the Bank of Korea's board warned that the recent pace of the won's moves warranted close monitoring, signalling caution over the currency even as the export-reliant economy benefits from booming demand for AI chips."With the exchange rate, you have to look at volatility and
TOKYO, Oct 29 : Japan's Ministry of Economy, Trade and Industry (METI) said on Thursday it had signed a memorandum of understanding with Siemens Energy to strengthen cooperation on floating offshore wind power and related industry development. Here are some details: • The two parties agreed to col
HANOI, Oct 29 : Vietnam has approved a plan to set the minimum state ownership level for state-run lenders at 65 per cent by 2030, part of a broader programme to restructure state capital in major enterprises and banks. State holdings currently stand at 76.73 per cent in BIDV, 74.80 per cent in Vietcombank an
HANOI, Oct 29 : Vietnam has approved a plan to set the minimum state ownership level for state-run lenders at 65 per cent by 2030, part of a broader programme to restructure state capital in major enterprises and banks. The restructuring plan, released late on Wednesday, covers 21 state-owned and state-backed
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