Showing 1 - 10 of 12
Thailand pushes yuan, ringgit use to curb baht volatility
Bloomberg News, Published on 08/08/2023
» Thailand plans to promote the use of yuan and other Asian currencies in trade and investments to curb wild swings in the baht against the United States dollar, according to a central bank official.
Bangkok ‘most at risk’ for spread: Virus update
Bloomberg News, Published on 03/02/2020
» China tried to come to grips with the expanding coronavirus outbreak, with the death toll climbing as residents returned from the Lunar New Year holidays.
Yuan’s slump puts Asia’s rate-cutting central banks on alert
Published on 05/08/2019
» China’s decision to weaken its currency amid an escalating trade war will put Asian central banks on the defensive as they gauge how much monetary-policy easing their economies can withstand.
Investors heartened as fed ends rate suspense
Business, Published on 20/03/2017
» Recap: Investors were treading cautiously ahead of last week's US Federal Reserve meeting when the US central bank raised its benchmark interest rate as expected, but their appetite improved after Chair Janet Yellen's comments suggested a more gradual pace of monetary tightening this year. The Thai stock market joined the global rally as the wild swings in trade of Group Lease (GL) eased.
Prasarn: Let market forces drive baht
Business, Pathom Sangwongwanich, Published on 17/08/2015
» The Bank of Thailand would let market mechanisms determine the baht's value rather than weaken it despite pressure from the recent yuan devaluation.
Asian, European shares up as yuan slump fears ease
Published on 13/08/2015
» HONG KONG/LONDON — Asian shares staged a relief rally Thursday and regional currencies gained after China reassured markets it would not allow the yuan to plummet after a surprise devaluation this week.
China to start cross-border payment system
Published on 11/06/2015
» China will start a cross-border payment system for the yuan by the end of the year as it seeks to promote its global use.
Asean markets follow Wall Street higher
Published on 21/04/2015
» HONG KONG - Southeast Asian stocks on Tuesday followed a positive lead from Wall Street while the euro retreated as investors kept a cautious eye on Europe, where Greece is struggling to pay its debts.
Year in Review
Asia focus, Published on 29/12/2014
» Asia rose to new heights in 2014 despite the many challenges that beset the region. Headline-making developments ranged from China dethroning the United States as the world's largest economy, subject to vigorous debate as that may be, to the tragic mystery of Malaysia Airlines Flight MH370.
Asian markets extend gains
Published on 04/12/2014
» HONG KONG — Asian markets rallied for a third straight day Thursday following another record close on Wall St, as investors cheered an upbeat report on the economy from the US central bank.