SYDNEY/SINGAPORE — For weeks, Asian banks and businesses have seen their borrowing costs climb as cash-strapped European banks repatriate funds and cut back on loans, knowing full well this is merely a down-payment on a long and painful shrinking of funding markets. The impact so far of the eurozone’s messy debt crisis has been in the weakest points in Asia: India and South Korea, whose banks rely heavily on foreign funding;... Full story
OPINION: Pain has just begun for Asian funding markets - Wayne Cole and Vidya Ranganathan
SYDNEY/SINGAPORE — For weeks, Asian banks and businesses have seen their borrowing costs climb as cash-strapped European banks repatriate funds and cut back on loans, knowing full well this is merely a down-payment on a long and painful shrinking of funding markets. The impact so far of the eurozone’s messy debt crisis has been in the weakest points in Asia: India and South Korea, whose banks rely heavily on foreign funding;... Full story
