Posts Tagged ‘forex’

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 ...

We may be facing a textbook emerging-market crisis

By Satyajit Das / BLOOMBERG
Emerging-market (EM) stresses have been building since at least 2013. Investors may have forgotten the effect of the “taper ...

TM’s 2Q18 net profit halved on higher forex losses, pricing developments

Quarterly revenue slid 1.3% to RM2.94b as the operator was affected by the regulatory MAP
By NG MIN SHEN / Pic By MUHD AMIN NAHARUL Telekom Malaysia ...

IJM’s profit halves on forex losses, lower revenue

by TMR
IJM Corp Bhd booked a 48.2% year-on-year (YoY) dip in net profit to RM62.76 million for its first quarter ended June 30 this year (1Q19) due to ...

Currency that matters most is still the US dollar

By DANIEL MOSS / Pic By BLOOMBERG
Turkey is grabbing headlines, but its financial troubles aren’t unique. The underlying driver of Turkey’s economic ...

Pakistan should beware an easy Chinese bailout

by Shuli Ren / BLOOMBERG
AS FORMER cricket star Imran Khan prepares to take his oath as Pakistan’s new prime minister (PM) on Saturday, there’s one ...

China steps in to support yuan with PBoC move

By BLOOMBERG
HONG KONG • China stepped in to try to cushion the yuan after a record string of weekly losses saw the currency closing in on the key ...

UBS wealth management delivers after mega merger

By BLOOMBERG
ZURICH • UBS Group AG’s newly-combined US$2.4 trillion (RM9.84 trillion) wealth management business and investment bank are helping CEO ...

Privasia optimistic to be profitable by 2018

By KEVIN WONG / Pic By ISMAIL CHE RUS
Privasia Technology Bhd is looking to return to the black by the end of this financial year, following its losses ...

China’s yuan tumble blindsides traders

Drop spurs concern China might embrace purposeful devaluation as a policy tool
By BLOOMBERG HONG KONG • Global investors might shrug at a bear market ...