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.

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

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

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

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.

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.

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

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.

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

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.
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