Showing 1 - 10 of 21
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.
Good as gold
Asia focus, Erich Parpart, Published on 09/09/2019
» It is common knowledge among traders that when geopolitical tensions rise, so too does the price of gold as it is considered a safe haven compared with other investments. But Robin Lee believes gold trading shouldn't be limited only to deep-pocketed market professionals. In his view, it is a good tool for anyone interested in saving.
Yuan at weakest level in 11 years
Published on 08/08/2019
» BEIJING: The Chinese central bank on Thursday set a yuan reference rate of 7.0039 against the US dollar, the weakest in 11 years and three months.
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.
Authoritarian cryptocurrencies are on the march
News, Leonid Bershidsky, Published on 18/10/2017
» With Russia and China both embracing the idea of sovereign cryptocurrencies, it's time to ask a simple question: Why is a technology threatening to decentralise money so attractive to highly centralised, authoritarian regimes?
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.
Trump tantrums keep traders on edge, SET dips
Business, Nuntawun Polkuamdee, Published on 06/02/2017
» Recap: World stock markets retreated as investors shied away from riskier assets over renewed concerns about US President Donald Trump's controversial ban on refugees and travellers from seven Muslim-majority countries and protectionist rhetoric that fanned fears of a global trade war. Buying ahead of corporate earnings releases and hopes for dividend payments cushioned the Thai stock market against a steep fall.
Global shares sink in bad case of China syndrome
Business, Published on 11/01/2016
» Recap: The new year got off to a miserable start as China suspended share trading twice, the yuan slid to a five-year low, and weak manufacturing and services data in the world's second-largest economy rattled traders everywhere including Thailand.
Asian shares end see-saw session mixed
Published on 26/08/2015
» HONG KONG — Asian shares closed mixed after a choppy session on Wednesday, with investors selling off Chinese stocks despite an interest rate cut, while other markets found their footing.