• Asian investors bide time ahead of much-anticipated Powell speech
    AFP News

    Asian investors bide time ahead of much-anticipated Powell speech

    Asian markets headed into the weekend on a cautious note Friday ahead of a key speech by Federal Reserve boss Jerome Powell, while the pound held the previous day's rally fuelled by rekindled hopes for a soft Brexit. After a positive start to the week sparked by China-US trade hopes, investors have

  • Stock markets play waiting game before Fed chief speech
    AFP News

    Stock markets play waiting game before Fed chief speech

    Global stock markets softened Thursday as investors avoided risk on the eve of a speech by Federal Reserve head Jerome Powell, hotly anticipated for clues on the interest rate outlook. "Caution is the word of the day... ahead of the key speech by the Fed chairman Jerome Powell," said analyst

  • Reuters

    UPDATE 1-Gambling software maker Playtech cuts Asia outlook

    Gambling software maker Playtech Plc on Thursday cut its full-year revenue forecast for Asia, blaming rising competition in China and a regulatory crackdown in Malaysia. It now expects Asia business to contribute 115 million euros ($127.4 million) to its annual revenue compared with its prior estimate

  • World stocks rise as recession fears fade
    AFP News

    World stocks rise as recession fears fade

    Stock markets mostly rose on Wednesday as investors appeared willing to set aside fears of recession, instead focusing on bargain hunting, analysts said. "Recession nerves look to have settled a little following last week's panic, which has brought some relief to markets," said Craig Erlam

  • Iran moves to strike 4 zeroes from its battered currency
    Associated Press

    Iran moves to strike 4 zeroes from its battered currency

    Iran's president sent a bill to parliament Wednesday that would cut four zeroes from the value of the Islamic Republic's sanctions-battered currency, the rial, as tensions remain high between Tehran and Washington. If passed by parliament and approved by lawmakers, Iran's Central Bank would

  • Reuters SG

    UPDATE 1-Bankers hawk hedging as trade war hits China's yuan

    In a Shanghai room packed with small businesses ranging from furniture makers to garment exporters, Zhu Yuan, a currency expert at Bank of Communications, explains why Chinese companies need to build their defences against currency volatility. "Currency swings are now largely at the mercy of geopolitics

  • Reuters

    UPDATE 1-Bankers hawk hedging as trade war hits China's yuan

    In a Shanghai room packed with small businesses ranging from furniture makers to garment exporters, Zhu Yuan, a currency expert at Bank of Communications, explains why Chinese companies need to build their defences against currency volatility. "Currency swings are now largely at the mercy of geopolitics

  • Reuters

    Bankers hawk hedging as trade war hits China's yuan

    In a Shanghai room packed with small businesses ranging from furniture makers to garment exporters, Zhu Yuan, a currency expert at Bank of Communications, explains why Chinese companies need to build their defences against currency volatility. "Currency swings are now largely at the mercy of geopolitics

  • Stock markets gloomy on Italian crisis
    AFP News

    Stock markets gloomy on Italian crisis

    European stock markets turned lower on Tuesday as political crisis in Italy weighed on sentiment, while US stocks flatlined, cutting short their recent recovery.

  • AFP

    Uzbekistan lifts foreign currency controls

    Uzbekistan lifted remaining currency controls on Tuesday, allowing citizens to purchase foreign cash for the first time as the Central Asian country seeks to attract foreign investment. The country of 32 million people has looked to diversify its economy since the death of its long time leader Islam

  • Stock markets rally on fresh trade talk hopes
    AFP News

    Stock markets rally on fresh trade talk hopes

    Stock markets rallied Monday after US President Donald Trump's top economic adviser hailed "positive" trade talks with Chinese negotiators. "As the new week kicks off, stocks are in demand amid increased optimism over US and China reaching a trade deal and as investors anticipate

  • Reuters SG

    CORRECTED-EM ASIA FX-Most Asia FX steady, soothed by stimulus hopes; Malaysian ringgit outperforms (Aug 19)

    The ringgit advanced 0.2%, while the Indonesian rupiah built on gains from Friday to be up 0.3%. Earlier on Monday, Fitch Solutions revised Malaysia's 2019 growth forecast to 4.6%, up from 4.2%, after the country reported stronger-than-expected growth over the first half.

  • Reuters

    CORRECTED-EM ASIA FX-Most Asia FX steady, soothed by stimulus hopes; Malaysian ringgit outperforms (Aug 19)

    The ringgit advanced 0.2%, while the Indonesian rupiah built on gains from Friday to be up 0.3%. Earlier on Monday, Fitch Solutions revised Malaysia's 2019 growth forecast to 4.6%, up from 4.2%, after the country reported stronger-than-expected growth over the first half.

  • Reuters

    EM ASIA FX-Most Asian FX up slightly, but set for weekly losses on recession fears

    * MOst currencies up slightly, but still down on week * Philippine peso strengthens up to 0.6% * Malaysian cenbank announces liberalisation of FEA policy * (Adds text, updates prices) By Aby Jose Koilparambil Aug 16 (Reuters) - Most Asian currencies rose modestly on Friday as anxiety over a global

  • Reuters SG

    EM ASIA FX-Most Asian FX up slightly, but set for weekly losses on recession fears

    * MOst currencies up slightly, but still down on week * Philippine peso strengthens up to 0.6% * Malaysian cenbank announces liberalisation of FEA policy * (Adds text, updates prices) By Aby Jose Koilparambil Aug 16 (Reuters) - Most Asian currencies rose modestly on Friday as anxiety over a global

  • Reuters

    EM ASIA FX-Most Asian currencies gain as U.S. delays tariffs on some Chinese imports

    * S Korean won gains most in over 9 months * Chinese yuan sees best in nearly 8 weeks * Tariff news offset raft of weak China July data (Adds text, updates prices) By Aby Jose Koilparambil Aug 14 (Reuters) - Most Asian currencies strengthened on Wednesday after the United States delayed some additional

  • Reuters SG

    EM ASIA FX-Most Asian currencies gain as U.S. delays tariffs on some Chinese imports

    * S Korean won gains most in over 9 months * Chinese yuan sees best in nearly 8 weeks * Tariff news offset raft of weak China July data (Adds text, updates prices) By Aby Jose Koilparambil Aug 14 (Reuters) - Most Asian currencies strengthened on Wednesday after the United States delayed some additional

  • Reuters

    EM ASIA FX-South Korean won extends fall, Indonesian rupiah weakens

    * Won set for 5th session of decline in 7 this month * Geopolitical tensions weigh on won * Indonesian rupiah declines up to 0.3% (Adds text, updates prices) By Aby Jose Koilparambil Aug 12 (Reuters) - The South Korean won eased to a near one-week low on Monday, while China's yuan took a breather

  • Reuters SG

    EM ASIA FX-South Korean won extends fall, Indonesian rupiah weakens

    * Won set for 5th session of decline in 7 this month * Geopolitical tensions weigh on won * Indonesian rupiah declines up to 0.3% (Adds text, updates prices) By Aby Jose Koilparambil Aug 12 (Reuters) - The South Korean won eased to a near one-week low on Monday, while China's yuan took a breather

  • The Week in Numbers: Hong Kong Stocks Slump
    Motley Fool

    The Week in Numbers: Hong Kong Stocks Slump

    Here are the important headlines for investors to take note of from last week.

  • Salvini rallies supporters, demands election date
    AFP News

    Salvini rallies supporters, demands election date

    Italy's hardline Interior Minister Matteo Salvini embarked on a southern tour to rally support on Saturday, demanding an election date be set after he pulled out of the coalition government, plunging the country into a political crisis. Italians need to know when they can vote for a new government

  • Global stocks fall amid trade, growth worries
    AFP News

    Global stocks fall amid trade, growth worries

    Global stocks fell Friday on worries about the grinding US-China trade war amid rising gloom over the global growth outlook. Leading bourses in Europe lost more than one percent, including in Milan after Italian Interior Minister Matteo Salvini pulled support for the government coalition and called

  • US-China trade deal in doubt, Trump says US 'not ready'
    AFP News

    US-China trade deal in doubt, Trump says US 'not ready'

    President Donald Trump cast more doubt on chances for a trade deal with Beijing on Friday, signaling he might cancel talks set for September amid an intensifying US-China trade war. "We'll see whether or not we keep our meeting in September," Trump told reporters at the White House before

  • AFP

    US-China trade deal in doubt, Trump says US 'not ready'

    President Donald Trump cast more doubt on chances for a trade deal with Beijing on Friday, signaling he might cancel talks set for September amid an intensifying US-China trade war. "We'll see whether or not we keep our meeting in September," Trump told reporters at the White House before

  • AFP

    Trump flirts with currency war in escalating conflict with China

    President Donald Trump on Thursday took a step closer to sparking a currency war in the escalating conflict with China, saying he is not happy with the strong US dollar. Trump has pursued a policy of maximum pressure, including subjecting all Chinese goods to punitive tariffs as of September 1, and