The Monetary Authority of Singapore continues to attract press after its billion-dollar program and plans to partner with financial agencies. Meanwhile, the Singaporean dollars to USD dollars exchange rate holds steady. Earlier this week, Singaporean Central Bank announced that it has put up a $2 billion green investment program. This will enable the people to …
As inflation concerns burden rupee traders and investors, more economists and forex analysts wait for another rate cut. Traders believe that the Reserve Bank of India will continue to go down the monetary easing road. Last week, a poll on experts saw that the Indian retail sales inflation will surpass the bank’s goal. Initially, the …
The Indian rupee falls against other forex players such as the US dollar in today’s trading. Aside from that, the Indian retail inflation rate is expected to exceed the forecasts of the Reserve Bank of India. First, the rupee vs. dollar pairing. The USD to INR exchange rate went up by 0.25% or 0.176 points …
Rupee Down, Reserve Bank of India Sets to Cut Rates Read More »
The global food sector giant, Investcorp, partners with several Chinese entities to buy $500 million worth of food brands. The company announced the plan earlier this Thursday, making headlines in the food and beverage industry. Investcorp will not only lend their funds to Asian food brands, but it will also buy some manufacturing sites in …
Investcorp Invests Billions in Asian Food Sector | Wibest Read More »
As traders get more and more confident over the strength of the Thai baht, its central bank releases more stimulus. Yesterday, the Central Bank of Thailand finally delivered the much-awaited rate slash. On Wednesday, the bank took its policy to an all-time low of 1.25%. The global financial crisis back in 2009 was the last …
The USD to Chinese yuan exchange rate struggles to pick up its pace this Wednesday’s forex sessions. The greenback is pinned down by the yuan’s strength that came from trade war optimism. Yesterday, the USD to Chinese yuan pair climbed to its highest record again in three months as it gained strength from investors. However, …
USD to Chinese Yuan Edges Down Amid Trade War News Read More »
Experts and forex analysts expect the Chinese government and the People’s Bank of China to put the yuan on their priority list. The markets want Beijing to focus more on its monetary policy accommodation. While also looking for more ways to support the CNY. On a panel interview, a group of experts said that Beijing …
The People’s Bank of China or the PBOC continues to skip the reverse repos this Tuesday. Sources say that the decision aims to maintain reasonably sufficient liquidity in the country’s banking system. In an official statement, the central bank of China said that the increase in fiscal expenditures could affect the maturing reverse repos. The …
Bank of China Skips Reverse Repos Again | Wibest Read More »
The Indonesian central bank signaled for its fourth slash to its key interest rates amidst the gloomy global economic outlook. Reports of the latest cut indicate the fourth straight cut this year starting in July to this October. The central bank lowered the country’s seven-day reverse repurchase rate by 25 basis points or bps to …
Indonesian Central Bank’s Fourth Rate Cut | Wibest Read More »
The Japan yen fought a good fight last week’s Friday, but that doesn’t mean it gained altitude. On the contrary, it, unfortunately, fell against other currencies. JPY traders didn’t expect that the Japan yen contract will gain despite its fall against other currencies in forex sessions. News from the Japanese consumer inflation rate weighed in …
As one of the largest telecommunications equipment providers in the world, Chinese company Huawei inevitably impacts the Asian market. Many can claim the company started the US-China trade war in the first place. Their next conflicts lead to the 15-month long trade war and bled into other trades like agriculture and intellectual properties. FBI Director …
On Wednesday, a China telecommunications giant, Huawei Technologies, anticipates the unveiling of next generation 5G wireless networks. According to the company’s deputy chairman, this is to start contributing to the firm’s revenue for next year when China launches services. Meanwhile, the Chinese telecom equipment giant guaranteed the 5G commercial contracts. To count, the contracts …
Maynila, the Philippines’ economy will likely recover according to central bankers in the second half of 2019. While other Asian economies start to struggle and slow down, growth in the Philippines will likely bounce back. According to the Francisco Dakila, BSP deputy director, the central bank will be able to differentiate its policy from peers …
In a news report, Nicky Morgan indicated that Britain will still decide whether to let Huawei’s equipment be in use to its 5G networks this autumn. This morning, the culture secretary said that whatever decision it takes on the Chinese telecoms’ giant, the government will guarantee it is for the long term. In an interview, …
Previously, China retaliated against the US after it let yuan drop past 7 and halted US farm purchases. As a result, the broader Asian market went south. European stocks, on the other hand, bounced back. Wall Street also edged lower in the last session as investors became more anxious over trade worries. Investors see the …
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