Showing 1 - 3 of 3
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.
The devalued yuan and China's faltering economic transition
Asia focus, Published on 24/08/2015
» On Aug 11, the People's Bank of China (PBOC) undertook the largest single-day devaluation in 20 years by pushing down the value of the yuan by 1.9% against the US dollar. That was followed by two more days of reference-rate adjustments that knocked almost 4% off the value of the currency. At that point, Beijing assured nervous global markets that it was satisfied with the new rate around 6.4 to the dollar and would aim for "stability" going forward.
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.