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  • Business

    Australia banking watchdog publishes long-awaited capital rules

    Australia's banking regulator published on Monday a final set of rules asking banks to hold more capital against investor and interest-only home loans but less for business loans, in a move expected to affect loan pricing. Instead, the current requirement imposed on Australia's four largest lenders to maintain core capital above the minimum benchmark of 10.5% to be deemed "unquestionably strong" will be replaced by bank-specific minimum ratios. "Although Australia's banking sector is already strongly capitalised by international standards, the new capital framework will help ensure it stays that way," Australian Prudential Regulation Authority (APRA) Chair Wayne Byres said.

  • News
    AFP News

    Japan slams borders shut as world races to stem new Covid variant

    Japan announced plans Monday to bar all new foreign travellers over the Omicron variant of Covid-19, joining a growing list of countries trying to erect virtual fortresses against the heavily mutated new strain.

  • Business
    Reuters SG

    Digital Core REIT to raise $600 mln in Singapore's biggest IPO this year

    Digital Core REIT, sponsored by U.S.-listed Digital Realty Trust, is set to raise $600 million in an initial public offering (IPO) in Singapore, the largest listing in the city-state this year, the company said in its prospectus on Monday.