Philippines forex reserves hit record high at US$103 bil on central bank gold trading, foreign loans

MANILA, Nov 16 (The Philippine Inquirer/ANN) - The Philippines' dollar reserves rose to their highest level in history for the 13th consecutive month at the end of October due to the central bank’s currency market operations and the national government’s foreign loans.

Maybank IB Research raises IOI Corp to Hold, ups TP

KUALA LUMPUR: IOI Corporation may not fully benefit from the recent spike in crude palm oil (CPO) price in 1QFY21E due to the usual one-month forward sales typical of integrated players, Maybank Investment Bank Research says.

GLOBAL MARKETS-S&P 500 dips, Nasdaq sinks as investors adjust bets on recovery hopes

NEW YORK: The S&P 500 posted a modest loss and the Nasdaq closed sharply lower on Tuesday as promising news regarding an effective COVID-19 vaccine led investors away from market leaders and toward cyclical stocks associated with economic recovery.

Virtual gold? Bitcoin's rise sparks new debate amid pandemic

Bitcoin's rally above US$15,000 (RM61,695) has reignited debate over whether the cryptocurrency is so-called digital gold or a perilously risky bet as investors grapple with the coronavirus pandemic.

FOREX-US$ slips as Biden clinches U.S. presidency

Indonesia: Country's forex reserves decreases in October as new Covid-19 cases pushes total to above 433,500

JAKARTA, Nov 7 (Xinhua): Indonesia's foreign exchange (forex) reserves at the end of October 2020 decreased by US$1.5 billion to US$133.7 billion dollars, the central bank, Bank Indonesia, has announced.

China's forex reserves shrink in October

BEIJING, Nov. 7 (Xinhua): China's foreign exchange reserves shrank to US$3.128 trillion at the end of October from US$3.1426 trillion at the end of September, data showed on Saturday.

Treasury Pulse

THE dollar fell 1.61% to 92.53 – the lowest in a week – due to ongoing uncertainties over the election outcome.

Fiscal outlook: Public sector debt higher at RM1.23 trillion

KUALA LUMPUR: Public sector debt rose to RM1.23 trillion or 85.5% of GDP as at end June 2020, due to higher Federal Government fiscal deficit to finance the Covid-19 pandemic stimulus measures.

Markets rally as Biden edges toward victory

NEW YORK: The dollar slipped and global stock markets surged on Thursday as investors bet Republicans would be able to halt major policy changes under a Joe Biden presidency, while the Bank of England became the latest central bank to announce more stimulus.