In Focus

CQG and Dot Commodity agreed service broker contract

Dot Commodity's clients can also utilize CQG’s suite of server-side tools, CQG Spreader and the Market Aggregation expression, for execution and management of latency-critical trading strategies across key global and domestic exchanges.

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60% of consumers in Asia Pacific paid bills online last year:Visa

97% of those said they would continue to pay bills online over the next six months.

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Over 30% of enterprises worry about the tightening of bank lending in 2011

67.4% of companies in China experienced overdue payment in domestic sales in 2010.

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DBS seeks China expansion, India incorporation

DBS would want to have 50 branches in China over the next three years and. It also intends to do the same in India by setting up a locally incorporated banking unit.

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ICBC to open 5 branches in Europe

ICBC continues overseas expansion despite being slow to follow their traditional clients abroad.

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StanChart to add China branches by 60%

The lender has achieved the 75% of loan-to-deposit ratio required by the Chinese regulator.

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Yuan transactions to reach $3tln by 2015--CCB

The currency has become more attractive since China ended a two-year peg to the dollar and investors bet on further gains.

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StanChart to appoint 1,800 for its trading operations

The lender plans to expand in underwriting securities denominated in the Chinese currency and boost trading on behalf of clients in equities.

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Lacklustre performance continues to hound Japanese major investment banks

Japanese lenders’ woes to continue until end of March 2011 as its fragile market sentiment and economic conditions persist.

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Thai banking system gets stable Moody’s outlook

The outlook for the Thai banking system is stable over the next 12-18 months, according to Moody’s. Nonetheless, a host of challenges is evident, particularly if prolonged political disruptions pressure economic and financial fundamentals. "Our stable outlook is underpinned by our view that the banking system remains capable of managing any incremental losses stemming from the country's political turmoil without deeply compromising bank capitalization," says Karolyn Seet, a Moody's Assistant Vice President and Analyst. "However, while the political environment has become calmer in recent months and the economy is growing strongly, the potential for renewed political unrest remains a key concern," says Seet.

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Maybank first quarter net profit up 16.6%

Maybank recorded a profit after tax and minority interest of US$328 million for the quarter ended September. It is up 16.6 per cent from the bank’s profit after tax of US$281 million in the same period last year.

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