• Reuters1 hour ago

    EM ASIA FX-Indian rupee rallies as PM Modi set for second term

    * Early counting trends suggest massive mandate for ruling party * South Korean won scales one-week high * Indonesian rupiah recovers from previous session's losses (Adds text, updates prices) By Aby Jose Koilparambil May 23 (Reuters) - The Indian rupee gained as much as 0.4% on Thursday after

  • Reuters SG1 hour ago

    EM ASIA FX-Indian rupee rallies as PM Modi set for second term

    * Early counting trends suggest massive mandate for ruling party * South Korean won scales one-week high * Indonesian rupiah recovers from previous session's losses (Adds text, updates prices) By Aby Jose Koilparambil May 23 (Reuters) - The Indian rupee gained as much as 0.4% on Thursday after

  • Equities, pound and oil sink in Asia on trade and Brexit woes
    AFP News4 hours ago

    Equities, pound and oil sink in Asia on trade and Brexit woes

    Asian equities tumbled Thursday as China-US trade frictions continue to dog investors, while the pound hit a fresh-four-month low on Brexit worries and energy firms were battered by plunging oil prices. The heavy selling comes after a relatively sedate couple of days in Asia and follows losses on Wall

  • Pound tumbles on Brexit agony
    AFP News16 hours ago

    Pound tumbles on Brexit agony

    The pound struck four-month lows against the dollar Wednesday after British MPs slammed Prime Minister Theresa May's latest attempt to pass her Brexit plan. In London trade, sterling sank below $1.2660 in the afternoon, a level last seen in January, while the European single currency hit a three-month

  • AFPyesterday

    Tokyo's Nikkei closes flat amid US-China trade tension

    Tokyo's key Nikkei index closed flat on Wednesday with US-China trade tensions weighing on investors despite Washington's decision to delay a ban on Chinese telecoms giant Huawei. The benchmark Nikkei ...

  • US stocks rally on Huawei reprieve as pound gyrates on Brexit news
    AFP Newsyesterday

    US stocks rally on Huawei reprieve as pound gyrates on Brexit news

    Global stocks rallied Tuesday as the United States took a step away from imposing crushing restrictions on Chinese telecom company Huawei, while the pound gyrated on fresh Brexit drama. Wall Street stocks gained ground following two straight losing sessions, with tech companies leading after the US

  • AFP2 days ago

    French minister warns of far-right threat to euro

    The euro is "under threat as never before" not just because of the risks of a trade war between China and the United States but also the emergence of far-right leaders in Europe who would be happy to see its end, France's finance minister said Tuesday. "Our single currency is above

  • Reuters SG2 days ago

    EM ASIA FX-Thai baht hit by weak GDP data; yuan up as US eases curbs on Huawei

    * Thai baht hits near 2-week low * Chinese yuan, Philippine peso, Korean won appreciate * Singapore dollar capped as Q1 growth slips (Adds text, updates prices) By Aby Jose Koilparambil May 21 (Reuters) - The Thai baht on Tuesday slipped to its weakest level in nearly two weeks on soft economic

  • Reuters2 days ago

    EM ASIA FX-Thai baht hit by weak GDP data; yuan up as US eases curbs on Huawei

    * Thai baht hits near 2-week low * Chinese yuan, Philippine peso, Korean won appreciate * Singapore dollar capped as Q1 growth slips (Adds text, updates prices) By Aby Jose Koilparambil May 21 (Reuters) - The Thai baht on Tuesday slipped to its weakest level in nearly two weeks on soft economic

  • The European Union: 60 years of twists and turns
    AFP News4 days ago

    The European Union: 60 years of twists and turns

    From economic union via the euro to a migration crisis and Brexit, here is a look at 60 years of ups and downs in the European Union. - Birth of a European bloc - On May 9, 1950 French foreign minister Robert Schuman unveils proposals for an economic union between France and West Germany. A year later

  • Pound slides on Brexit woes
    AFP News6 days ago

    Pound slides on Brexit woes

    The pound hit multi-month lows versus the dollar and euro Friday on renewed prospects of a no-deal Brexit after Britain's Labour opposition pulled out of key talks with Prime Minister Theresa May. In the US meanwhile, President Donald Trump confirmed reports he will delay by six months a decision

  • Reuters SG6 days ago

    Britain raised FX warchest ahead of first Brexit deadline

    Britain ramped up its foreign currency reserves in the last quarter of 2018 at a faster pace than any other major country, ahead of its original March 29 deadline to leave the European Union, according to data from the International Monetary Fund. A distant second was the Turkish central bank, which

  • Reuters SG6 days ago

    EM ASIA FX-Most Asian units fall as yuan slides, China cools on trade talks

    C.bank to cut RRR (Adds text, updates prices) By Niyati Shetty May 17 (Reuters) - Most emerging Asian currencies weakened on Friday as the yuan fell through a key support level and China appeared to cool on further trade talks with the United States. A Chinese state media social media account said

  • Reuters6 days ago

    EM ASIA FX-Most Asian units fall as yuan slides, China cools on trade talks

    C.bank to cut RRR (Adds text, updates prices) By Niyati Shetty May 17 (Reuters) - Most emerging Asian currencies weakened on Friday as the yuan fell through a key support level and China appeared to cool on further trade talks with the United States. A Chinese state media social media account said

  • Global stocks mostly rise after solid US data, earnings
    AFP News6 days ago

    Global stocks mostly rise after solid US data, earnings

    Global stocks mostly rose on Thursday on more benign statements from the United States about trade and a batch of solid economic data and corporate earnings. Investors took solace in reports from Wednesday that the Trump administration would hold off for six months on imposing tariffs on auto imports

  • Associated Press7 days ago

    EU fines banks over $1 billion over foreign exchange cartel

    European Union regulators have fined five banks a total of more than 1 billion euros ($1.1 billion) for colluding in the trade of large sums of foreign currency. The European Commission said Thursday that investigators found that some bank employees in charge of spot trading in 11 currencies "exchanged

  • iREIT Global reports 2.7% lower 1Q DPU of 1.42 cents on higher expenses, forex changes
    The Edge Singapore7 days ago

    iREIT Global reports 2.7% lower 1Q DPU of 1.42 cents on higher expenses, forex changes

    SINGAPORE (May 16): The manager of iREIT Global has declared a 1Q19 distribution per unit (DPU) 1.42 cents, declining 2.7% from 1.46 cents a year ago due to higher property operating expenses and a weaker SGD/EUR exchange rate. In euro terms, DPU for 1Q fell 1.1% to 0.89 euro cent from 0.90 euro cent

  • Reuters8 days ago

    UPDATE 1--Offshore yuan daily turnover surged to record last week - EBS

    "Turnover remains strong as trade tensions remain high," said Jeff Ward, global head of NDFs and Forwards and head of FX Asia for EBS. U.S. President Donald Trump threatened higher tariffs on billions of dollars of Chinese imports last week, and Beijing responded with planned tariff hikes

  • Reuters SG8 days ago

    UPDATE 1--Offshore yuan daily turnover surged to record last week - EBS

    "Turnover remains strong as trade tensions remain high," said Jeff Ward, global head of NDFs and Forwards and head of FX Asia for EBS. U.S. President Donald Trump threatened higher tariffs on billions of dollars of Chinese imports last week, and Beijing responded with planned tariff hikes

  • Reuters SG9 days ago

    EM ASIA FX-Most Asian currencies firm as comments on US-China spat ease worries

    Most emerging Asian currencies firmed on Tuesday as conciliatory comments from the United States and China reduced investor anxiety over the escalating tariff war between the world's two biggest economies. Market sentiment was buoyed after U.S. President Donald Trump said he feels trade talks between

  • Reuters9 days ago

    EM ASIA FX-Most Asian currencies firm as comments on US-China spat ease worries

    Most emerging Asian currencies firmed on Tuesday as conciliatory comments from the United States and China reduced investor anxiety over the escalating tariff war between the world's two biggest economies. Market sentiment was buoyed after U.S. President Donald Trump said he feels trade talks between

  • Reuters SG10 days ago

    EM ASIA FX-Asian currencies ease on Sino-U.S. trade talk stalemate

    * Chinese yuan falls to more than 4-mth low * S. Korean won eases to lowest since Jan 2017 * Indian rupee slips, March industrial output falls 0.1% y/y (Adds text, updates prices) By Niyati Shetty May 13 (Reuters) - Emerging Asian currencies weakened on Monday as risk sentiment dampened over an

  • Reuters10 days ago

    EM ASIA FX-Asian currencies ease on Sino-U.S. trade talk stalemate

    * Chinese yuan falls to more than 4-mth low * S. Korean won eases to lowest since Jan 2017 * Indian rupee slips, March industrial output falls 0.1% y/y (Adds text, updates prices) By Niyati Shetty May 13 (Reuters) - Emerging Asian currencies weakened on Monday as risk sentiment dampened over an

  • Reuters SG10 days ago

    UPDATE 1-China, Singapore renew bilateral currency swap agreement

    China and Singapore have renewed a bilateral currency swap agreement worth 300 billion yuan ($43.98 billion) for three years, the central banks of the two countries said on Monday. Under the arrangement, the People's Bank of China and the Monetary Authority of Singapore (MAS) can access foreign

  • Far from Brussels, Latvians are European at heart
    AFP News11 days ago

    Far from Brussels, Latvians are European at heart

    A Latvian border guard helicopter hovers over a vast forest split by a long, narrow strip of sandy land where a fence topped with barbed wire marks the EU's border with Russia. Fifteen years after Latvia joined both NATO and the European Union, the Baltic state's remote Latgale region -- closer