IMF set for green light on China's yuan joining currency basket - sources
By Paul Taylor and Krista Hughes BRUSSELS/WASHINGTON (Reuters) - International Monetary Fund staff are set to give the all-clear for China's yuan to be included in the lender's benchmark currency...
View ArticleChina Rate Cut Backs SocGen's Case to Sell Emerging Currencies
China’s sixth interest-rate cut in less than a year confirms a slowdown in global growth that’s bad news for emerging-market currencies, according to Societe Generale SA. The trend toward more easing...
View ArticleDollar has year’s longest streak on PBC rate cut
The US dollar posted its longest winning streak in 10 months as foreign central banks’ efforts to curb slowing global growth buoy demand for assets denominated in the US currency. A measure of the...
View ArticleProdigious growth in KiwiSaver assets
Kiwisaver assets on the Morningstar database grew to $29.31 billion by September 30, a phenomenal growth rate, Morningstar research analyst Elliot Smith said. ANZ and ASB remained the dominant players...
View ArticlePressure for Yuan Depreciation Seen Building After PBOC Eases
China’s yuan is forecast to face increased pressure to weaken after the central bank lowered interest rates for the sixth time in a year and cut reserve requirements for lenders. The moves “will keep...
View ArticleKorean Won Leads Declines in Asia After China Cuts Interest Rate
South Korea’s won led a decline in Asian currencies amid concern China’s interest-rate cut will lead to more weakness in the yuan and other regional exchange rates. The won fell the most in a month...
View ArticlePBOC rate cuts lifts China markets to highest close in two months, HK shares...
Markets in the mainland and Hong Kong traded in opposite directions on Monday, in the first day of trade since the People’s Bank of China announced it would ease lending rates for a sixth time in less...
View ArticleCentral Bankers Bow to Market Pressure as Eyes Turn to Fed-BOJ
Central bankers are finding it harder and harder to buck the market. It was September 2014, when European Central Bank President Mario Draghi declared “now we are at the lower bound” for interest rates...
View ArticleForeign exchange rates in India
MUMBAI, Oct. 27 (Xinhua) -- The following are foreign exchange rates of the Indian rupee with major international currencies as was released by the RBI Tuesday: Currency Rate USD 64.9553/1 euro...
View ArticleChinese economic slowdown stokes fears of global downturn (IBA -...
(Source: IBA - International Bar Association) JONATHAN WATSON China is slowing down. It's not yet clear by how much, but its economy is certainly going through a transition that could be long and...
View ArticleNews Releases and Speeches (HKEx - Hong Kong Exchanges and Clearing Ltd)
(Source: HKEx - Hong Kong Exchanges and Clearing Ltd) OTC Clear welcomes Bank of Communications Hong Kong Branch as a Clearing Member OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong...
View ArticleIMF staff ‘recommend China’s yuan be included in its international basket of...
International Monetary Fund staff are set to give the all-clear for China’s yuan to be included in the lender’s benchmark currency basket, laying the groundwork for a favourable decision by...
View ArticleRinggit Retreats as China Easing Deepens Growth Outlook Concern
The ringgit fell the most in almost a week as China’s interest-rate cut heightened concern that growth in Asia’s biggest economy and a top Malaysian export market is slowing. The People’s Bank of China...
View ArticleMost Emerging Stocks Advance on China Rate Cut; Ringgit Weakens
Most emerging-market stocks rose as China’s surprise interest-rate cut sent the Shanghai Composite Index to a two-month high, countering declines in energy companies. Malaysia’s ringgit and South...
View ArticleChina's Rate Cut Threatens Dry Season for Dollar Bonds in Asia
China’s rate reductions may draw more borrowers back to the onshore bond market and crimp already dwindling issuance of international debt from the world’s second-biggest economy. So say PineBridge...
View ArticleTwo Dollar Indexes Explain Why the Global Economy Is So Sluggish
Three things have happened since the meteoric rise of the greenback began in mid-2014: oil prices fell precipitously, the outlook for U.S. growth weakened, and financial conditions tightened before the...
View ArticleChina Sept industrial profits fall slightly but recover from Aug plunge
BEIJING (Reuters) - Profits earned by Chinese industrial companies fell 0.1 percent in September from a year earlier, data from the statistics bureau showed on Tuesday, levelling after a record 8.8...
View ArticleYen rises against dollar as bank meetings eyed
The yen rose in Asia Tuesday ahead of a closely watched Bank of Japan policy meeting this week while traders bet the US Federal Reserve will delay an interest rate hike until early next year. With the...
View ArticleU.S. dollar rises ahead of Fed statement
NEW YORK, Oct. 27 (Xinhua) -- The U.S. dollar increased against most major currencies on Tuesday as investors were awaiting the closely-watched Federal Reserve policy statement due out Wednesday. The...
View ArticleAsian stock markets higher after China interest rate cut
BEIJING (AP) — Asian stock markets rose Monday after China cut interest rates and expectations grew that other major central banks will maintain or expand already extensive monetary stimulus. KEEPING...
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