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Two more follow Darwish and Safa leaving last month
The US bank is reshuffling several roles in the Middle East
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The China Securities Regulatory Commission (CSRC) has selected six domestic securities houses to be regulated on a consolidated basis. The move will grant these firms more flexibility in risk assessment and enable them to have a higher leverage ratio. -
China’s official Purchasing Managers’ Index (PMI) recorded a sharp rebound in March as businesses slowly resumed their activity. While the strong figures led to a rally in the stock market, economists are warning against reading too much too soon into the data as challenges remain for the country’s economy.
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Fitch Ratings has downgraded the Maldives to B from B+ and revised its outlook to negative from stable, as the Covid-19 pandemic hits the island nation’s tourism industry.
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Wild swings in emerging market bond prices have been painful for investors this month. It is a problem that banks’ market making capabilities have compounded.
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Schroders has appointed new heads for Asia Pacific, tapping Chris Durack and Susan Soh to the top job.
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In this round-up, China is ramping up measures to stimulate the economy including by issuing special treasury bonds, the central bank resumed open market operations and lowered the seven-day reverse repo rate, and the foreign exchange regulator has released some key data points.
