The Chicago Mercantile Exchange (CME) is to delay the launch of CME Clearing.

As the global economy slows, Asian companies increasingly value efficient cash management.

The UK regulator has proposed the biggest shake-up in banking regulation for decades.

South Africa is to double borrowing this year to fund a huge infrastructure programme. Finance minister Trevor Manuel announced a budget deficit equivalent to 3.8% of the GDP of Africa’s biggest economy.

Taiwanese officials announced last month that the country is facing its
worst recorded contraction.

The Kazakh government has taken the country’s largest bank by assets, BTA, into state ownership, via sovereign wealth fund Samruk-Kazyna. The fund purchased $2.07bn in BTA equity, giving it a 78% stake.

BNP Paribas and Société Générale have announced significant changes to their senior management ranks.

A group of 14 Asian nations are to form a $120bn foreign exchange pool that could be used to defend currencies hit by the fallout from global financial crisis. Finance ministers from Japan, China, South Korea and 10 Southeast Asian nations agreed to the fund at a summit in Phuket, Thailand.

According to new proposals from the UK’s Financial Services Authority (FSA), all short sellers should disclose all net short positions – worth at least 0.5% of the outstanding stock – to the market.

In a week of dramatic change for Kazakhstan’s banking sector, the Kazakh government has taken the country’s largest bank by assets, BTA, into state ownership, via sovereign wealth fund Samruk-Kazyna.