Krungthai Bank wins Banking CEO of the Year 2022 (Mr. Payong Srivanich)
Krungthai Bank is one of the largest banks in Thailand and it is currently at the forefront of the country’s digital banking scene as the owner of Thailand’s no.1 open digital platform, Paotang mobile application, which has accumulated over 40 million users and counting. The success could be attributed to its visionary leader, Mr. Payong […]
BoE’s boost to sterling wanes; euro falls as inflation figures come into focus
Thursday saw a decline in the value of the pound, the euro, and the dollar as the relief over the Bank of England’s involvement in the bond market subsided.Additionally, investors expected German inflation data.Following the BoE’s announcement of an emergency bond-buying programme to support a gilt market that had been in freefall alongside the pound, […]
Markets agitated by recession risk and an escalating dollar
Asian stock markets fell on Wednesday as rising borrowing prices heightened concerns about a worldwide recession, sending investors running for the safe-haven greenback and hurting the region’s currencies.The yield on 10-year Treasuries in the United States was pushed above 4.0% for the very first time since 2010 as investors speculated that the Federal Reserve may […]
S&P 500 plunges to a two-year low; bear market rally crushed
On Tuesday, the S&P 500 (.SPX) dropped to a level below its June low amid concerns about extremely vigorous Federal Reserve policy tightening, prompting investors to estimate how much lower stocks would have to drop before stabilising.Since late August, when the U.S. Federal Reserve made statements and took bold actions that suggested the central bank’s […]