Markets

ASIC is asking for an independent expert to review a remediation plan for the trade reporting functions of Macquarie's futures dealing and OTC derivatives; ASIC commissioner Simone Constant said that the action "underscores" the regulator's concerns with the "recurrent" nature of Macquarie's failures.

The agreement, which will reduce tariffs across billions of dollars of goods, comes after three years of talks.

Japan's economy set to be hit amid some wild currency moves across the region, including from the Taiwan dollar.

The SAR's stock exchange is enjoying a boom from Chinese firms looking to expand and tap more investors; the local economy also grew by 3.1% in the first quarter.

The joint venture Al-Futtaim Willis has been in operation for five decades and is based in Dubai and Bahrain; after securing a reinsurance broking license in Saudi Arabia, WTW is continuing its expansion in the region.

The HKMA and CMU Omniclear are leading Hong Kong’s ambitions to internationalise the use of Chinese bonds in global trading. The development of the innovative infrastructure represents a breakthrough for Rmb repos, clearing, settlement and custody.

An April review by the IMF ended without an agreement, with June the next opportunity to meet the IMF's conditions and release two tranches of loans.

The Swedish firm has said that it is no longer providing financial guidance for 2025 and 2026, with job losses expected across its global workforce.

Chan will join from Goldman Sachs as head of markets solutions for financial institutions for Asia South and Asia North in July.