Posts Tagged ‘forex’

Financial, forex trading to be muted on looming US-China trade deadline

The March 1 deadline is less than 3 weeks away with no resolution reached, renewing fears on global economic growth
By MARK RAO Weakening risk appetite ...

HSBC upbeat on pound as currency extends gains

By BLOOMBERG
HONG KONG • Britain’s biggest bank is turning upbeat on its currency. “We have changed our view on sterling, we have become more upbeat,” ...

BNM international reserves at US$101.4b

By BERNAMA / Pic By TMR
Bank Negara Malaysia’s (BNM) international reserves amounted to US$101.4 billion (RM417.52 billion), as at Dec 31, 2018, ...

This year’s strongest major currency could run even more in 2019

By BLOOMBERG
NEW YORK • The yen ended the year as the biggest winner against the dollar among major currencies as investors sought out safety amid ...

VS Industry 1Q earnings drop 7.1% due to net forex loss

By FARA AISYAH
VS INDUSTRY Bhd’s (VSI) earnings for the first quarter ended Oct 31, 2018 (1QFY19), dropped by 7.13% year-on-year (YoY) to RM39.81 ...

Here’s how Europe plans to challenge the dollar’s dominance

By BLOOMBERG
BRUSSELS • The European Union (EU) is set to unveil plans for challenging the dollar’s dominance in global markets, including energy, as ...

Maybank’s 3Q18 earnings down 3.4% on weak corporate, investment income

by NG MIN SHEN / pic by ISMAIL CHE RUS
Malayan Banking Bhd’s (Maybank) net profit slipped 3.4% to RM1.96 billion in the third quarter ended Sept 30, ...

Consider temporary capital controls as 
circuit breakers for forex market

Circuit breakers were introduced in US equity markets following the Black Monday crash of 1987. Since then, their use has expanded into other asset markets ...

MSM’s profit up 52% to RM16m on lower raw material costs

By FARA AISYAH
MSM Malaysia Holdings Bhd’s net profit for the third quarter ended Sept 30, 2018 (3Q18), rose 52.4% year-on-year (YoY) to RM15.88 ...

US spares China from yuan-manipulator label amid trade war

By BLOOMBERG
WASHINGTON • The Treasury Department stopped short of declaring China a currency manipulator in its semi-annual report on foreign-exchange ...

China forex reserves fall in September

By BLOOMBERG
HONG KONG • China’s foreign-currency holdings fell in September, as heightened trade tensions with the US fuelled concerns of capital ...

Indonesia wants tighter forex rules

Authorities want to tighten some rules on exporters amid a rout in the currency, says finance minister
JAKARTA • Indonesian exporters must keep their ...