China maintains its low credit rates, boosting most Asian markets, while Tokyo's stock surge continues.

Monday saw gains across Asia as the rebound in Tokyo equities continued and talks to raise the U.S. debt ceiling resumed. The Hang Seng index in Hong Kong gained 1.23 percent, making it the region's best performer, and the Hang Seng Technology index gained 2.17 percent. The People's Bank ...

Japan requests that the United States

The Japanese government announced on Saturday that it has requested Washington to relax new regulations governing electric vehicle tax credits in the United States, claiming that they are unfair to Japanese automakers.

The new laws controlling tax credits for acquiring environmentally f...

Japan aims to arrange a creditors' meeting on Sri Lanka's financial problem

According to the report it states People with the knowledge of planning said that Japan is planning to set up a Conference meeting with the Japan Creditors in the hope that they will be able to resolve the problem of country’s debt issue.

According to the sources it stated that To...

UAE and Turkey's export credit agencies have signed an agreement to boost trade and business

The UAE's federal export credit company, Etihad Credit Insurance, has signed a Memorandum of Understanding (MoU) with Turkey's export credit agency, Turk Eximbank, to boost trade and improve economic relations between the two countries.

The two export credit organisations will c...

Amazon decides to drop Visa as partner on US Credit Card

Amazon had earlier confirmed that it will stop accepting Visa credit cards in the UK, after a dispute over payments intensified. But now the company has decided to drop Visa as a partner on its US co-branded credit card.

Highlights

• Amazon confirms that...

YES BANK WANTS TO BUY CITIBANK INDIA'S RETAIL ASSETS

HIGHLIGHTS

• Yes Bank is interested in buying retail assets of Citibank India.
• The India business of Citibank included credit card service, retail banking, mortgages, and wealth management.
• Citibank India also had a presence in the distributi...

S. KOREA’S SOVEREIGN DEBT FALLS TO THE LOWEST LEVELTHIS WEEK

Highlights –

• S. Korea’s sovereign debt falls to the lowest level this week.
• The spread on credit default swaps (CDSs) for South Korea came in at 19 basis points.
• In 2020 the country's CDS premium rose to 57 basis points in l...

S. KOREA FSS REPORTS CREDIT CARD FIRMS COMBINED EARNINGS TO RISE 23.1%

Highlights –

• S. Korea FSS reports credit card firms combined earnings to rise 23.1%.
• The combined net profit of eight card issuers came to $1.8 billion in 2021.
• The increase was attributed to combination of earnings from card loans an...

S. KOREA’S HOUSEHOLD CREDIT GREW BY $1.55 TRILLION IN Q4 2020

Highlights –

• S. Korea’s household credit grew by $1.55 trillion in Q4 2020.
• Mortgage loans rose by 20.2 trillion won on-quarter to 910.6 trillion won in Q4.
• Loan demand to buy stocks also rose due to the country's bull stock...

EXPERIAN TO CONTINUE PROBE WHETHER IT WAS INVOLVED IN BRAZIL DATA BREACH

Highlights

• Experian said “In spite of exhaustive investigations to date there is no evidence that our technology systems have been compromised.”

• The market indicators has predicted a fall of 2 percent for its shares at the opening

• The...

CHINA ON INIMITABLE ROAD TO RECOVERY AFTER VIRUS-LED SHAKEDOWN

• China’s economy is in the middle of an open road recovering from its remorse earlier this year, showing the world economic benefits from swift control of the pandemic and a rapid resumption of manufacturing.
• While Europe and the U.S. face onslaught of pandemic of Covid-19...

MAJOR FOREIGN IB’S RECALIBRATE GROWTH PROSPECTS IN KOREAN ECONOMY TURNAROUND

• Major foreign investment banks (IBs) have recalibrated their forecasts for South Korea's economic growth for 2020 on rising expectations for an economic turnaround, a report showed Friday.
• Until late October, nine principal global IBs, including Barclays and Goldman Sachs, ...

SPECTRUM PRICE WAR BETWEEN GOVERNMENT AND MOBILE CARRIERS

• South Korea's three principal telecom operators on Tuesday appealed to the government to hold an auction to reallocate their network spectrum set to expire next year amid controversy over prices.
• Spectrum for 2G, 3G and 4G LTE networks held by the three chief carriers -- SK...

APPLE ASKS FOR TAX CREDITS TO SUPPORT DOMESTIC CHIP PRODUCTION

Highlights

• Apple in its second and third quarter disclosure reports said it lobbied officials from the Treasury Department, Congress and the White House on tax topics including issues for domestic semiconductor production

• iPhone maker designs some of components r...

Credit Management Software Market is expected to Reach US$ 2162.33 Mn by 2022, owing to the Increasing Adoption of Cloud Solutions across Banking and Finance Industry for Credit Risk Assessments, says Absolute Markets Insights

Over the past decade, credit management is evolving into a data-driven function that is driven by artificial intelligence, robotic processes, advanced scoring analytics, and automated workflow that eliminates most of the manual tasks and duties previously performed. Digital solutions have transfo...

REASEARCH COMPANIES IN JAPAN SHOW OVER 500 BUSINESSES WENT BANKRUPT SINCE FEBRUARY

Highlights –

• Research companies in Japan show over 500 businesses went bankrupt since February.
• Tokyo Shoko Research Ltd. and Teikoku Databank Ltd. conducted the research.
• The new Cabinet is considering an additional stimulus package...

HANDSOME GAINS BY DETRACTING STELLAR MOBILE PLAYERS FROM CHINA TO INDIA

• India’s worries are gone for good with incentives to entice businesses into moving away from China that seem to be working finally.
• With companies from Samsung Electronics Co. to Apple Inc.’s assembly grid partners showing interest in investing in the South Asian na...

DOOSAN HEAVY REPORTS NET LOSS, STRUGGLING TO SELL ASSETS

Highlights –

• Doosan Heavy company's net loss came $299 million due to one-off costs.

• Setbacks in business due to a shift in energy policy.

• Doosan Heavy put about 400 employees underpaid suspension.

Heavy machi...

SHINHAN CARD TO BUY HYUNDAI’S ASSETS FOR RENTAL CARD BUSINESS

Highlights:

• Hyundai Capital’s assets will be bought by Shinhan Card.
• The assets will be related to long-term car rental services which will be worth 500 billion won which is equivalent to $417.3 million.
• The companies signed the deal ...

KTB ASSET MANAGEMENT STOPS WITHDRAWALS FROM TCA GLOBAL CREDIT FUND

Highlights –

• KTB asset management company freezes withdrawals from TCA Global Credit Fund
• The U.S fund managing company is under investigation over accounting practices
• KTB notified its fund sellers about the current situation
...