Showing 1-3 of 3 results
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Yuan devaluation seen reigniting currency wars in Asia
Bloomberg News, Published on 12/08/2015
» SINGAPORE — China’s surprise devaluation of the yuan couldn’t have come at a worse time for some Asian currencies.
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Ringgit slumps to lowest levels in 17 years
Bloomberg News, Published on 12/08/2015
» KUALA LUMPUR — Malaysia’s ringgit plunged beyond four to the dollar for the first time since 1998 as investors flee the nation’s assets amid a slowing economy and controversy over finances linked to Prime Minister Najib Razak.
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Singapore stocks see biggest drop since October 2011
Bloomberg News, Published on 12/08/2015
» Singapore stocks tumbled, with the benchmark Straits Times Index posting its biggest decline in almost four years amid concerns China’s currency devaluation will hurt bank earnings and slow economic growth.
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