forex

Finance

Rupiah and bonds diverge as global funds shun Indonesia

The rupiah is the worst-performing Asian currency this quarter while the nation’s benchmark sovereign bond is outperforming peers.
US dollar struggles to stem decline, but gold performs well as investors fret over US job recovery

Forex

US dollar struggles to stem decline, but gold performs well as investors fret over US job recovery

The US dollar struggled to stem its broad decline as investors worried the US economic recovery may lag other countries due to a high level of coronavirus infections.

Broker's Calls

Brace for FX correction in July, warns DBS

With economic fundamentals weak and fears of a second Covid-19 wave, markets are sinking back into the doldrums.

Malaysia

BNM forex scandal investigation reveals unreported RM31.5 bil in trading losses

SINGAPORE (Aug 22): After hearing witnesses’ testimonies on the very first day of hearing, the Royal Commission of Inquiry (RCI) has concluded that Bank Negara Malaysia (BNM) lost about RM31.5 billion in foreign exchange (forex) trading losses in the 19

Broker's Calls

This stock is emerging from under the radar to gain traction in FY18

SINGAPORE (Aug 15): UOB KayHian is highlighting Stamford Tyres as a stock that’s “poised to reap the benefits of a lengthy exercise to streamline operations”, and believes investors can look forward to rewarded in tandem with the success of the comp

Forex

Singapore dollar bulls are gathering in the swap market

SINGAPORE (March 27): Singapore’s interest-rate markets are signaling gains for the local dollar as bets grow the nation’s central bank will avoid easing policy next month and some economists are starting to forecast tightening in October.

Malaysia

Recalling Bank Negara’s massive forex losses

SINGAPORE (March 24): The government is moving ahead to investigate whether there were any wrong doings in the massive foreign exchange losses suffered by Bank Negara some 25 years ago. Many people today may not have a good recollection of what happened,

Broker's Calls

IREIT Global suffers from sponsor uncertainty

SINGAPORE (Nov 25): DBS Group Research is cautious over IREIT Global maintaining a “hold” call with a target price of 75 cents, citing uncertainty with its new sponsor, Tikehau Capital.

Broker's Calls

ISDN a step closer to Hongkong dual listing

SINGAPORE (Nov 25): NRA Capital is maintaining its “overweight” on ISDN Holdings with 20 cents target price as it moves a step closer to its proposed dual listing on the Hong Kong Stock Exchange after getting clearance from the Singapore Exchange.

Republicans have swept the Presidency, the Senate and the House of Representatives. Now what?

SINGAPORE (Nov 9): In a unexpected twist, the Republican Party has won the presidency, with Donald Trump as the new commander-in-chief, and have control over the Senate and the House of Representatives.
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