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foreign exchange (forex)
Currencies
China's yuan hovers near key level amid intervention speculation
HONG KONG (July 3): Chinese banks were seen selling dollars after the yuan weakened past a key level, stoking speculation that authorities were seeking to slow the losses.
July 03, 2018
Forex
Who wins or loses if Kim Jong-Un agrees to denuclearise?
SINGAPORE (June 11): With North Korea’s denuclearisation set to be the major point of discussion between US President Donald Trump and North Korean leader Kim Jung-Un during their June 12 summit in Singapore, ForexTime (FXTM) sees a number of potential
June 11, 2018
Global Markets
Emerging markets have had a good run. But things may get bumpier
TOKYO/KUALA LUMPUR (Apr 17): Emerging markets have weathered this year’s market volatility just fine so far. But some investors are using this as an opportunity to get a lot more selective, with challenges looming from trade tensions to the winding down
April 17, 2018
Fintech
DBS launches online remittance service for non-banking customers
SINGAPORE (Apr 12): DBS Bank has announced the launch of SmartSend, an online remittance service that allows non-DBS customers to make same-day money transfers to eight markets around the world, namely: Australia, Hong Kong, India, Indonesia, Malaysia, Ph
April 12, 2018
Currencies
Brace yourselves. A full-blown trade war may be on the way
(Mar 7): In foreign exchange markets, investors aren’t waiting to find out if all the tariff threats being thrown around lead to a full-blown trade war.
March 07, 2018
Fintech
Deutsche Bank says Japan's retail investors are behind bitcoin's surge
NEW YORK (Dec 15): It’s not drug dealers and tax cheats, it’s Mrs. Watanabe.
December 15, 2017
Broker's Calls
ComfortDelGro upgraded on return to comfort zone
SINGAPORE (Sept 29): Maybank Kim Eng is upgrading its call on land transport operator ComfortDelgro (CDG) to “buy” from “hold” while raising its price target on the stock to from $2.25 to $2.40, which implies 16.3 times FY18E earnings per share (E
September 29, 2017
Forex
HSBC currency trader's 'expert' skills used in fraud, says US
MANHATTAN/NEW YORK (Sept 26): Fraud charges against a former HSBC Holdings Plc foreign-exchange trader are "a governmental mistake," his lawyer said, calling his actions "consistent with standard practice" in the currency market.
September 26, 2017
Malaysia
BNM forex scandal: Former second finance minister claims responsibility for hedging ‘mistake’ made in 1990s
SINGAPORE (Sept 7): Over the hearing which took place at the Royal Commission of Inquiry (RCI) yesterday, Malaysia’s former second finance minister Tan Sri Nor Mohamed Yakcop, who served as adviser to Bank Negara Malaysia (BNM) from 1998 to 2000, admitt
September 07, 2017
Results
Cheung Woh’s FY17 earnings fall 64.8% to $3.6 mil on lower revenue
SINGAPORE (April 24): Cheung Woh Technologies has declared $3.6 million in earnings for FY2017, a 64.8% decline from the $10.2 million earnings for the year ended 2016.
April 24, 2017