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SHANGHAI: The Hong Kong Monetary Authority (HKMA) said it would launch an interbank offered rate for the offshore yuan market (CNH) in June, a long-awaited move that will facilitate the creation of more hedging options for those investing or trading in the currency.
JTI sees challenging industry outlook Company worried about impact of illegal cigarette sales, cheaper local brands
KUALA LUMPUR: JT International Bhd (JTI) is expecting the industry to “remain extremely challenging” this year due to the continued sale of illegal cigarettes and the impact from certain local brands being sold below the Government-mandated minimum cigarette price.
GIVEN the stimulus measures of the Bank of Japan went unopposed at the G-20 meeting, investors took the opportunity to sell the currency taking the US dollar/yen pair but it failed to break the psychological 100 mark on the back of Dish outbidding Softbank's bid and the extreme dump resulting from the Boston terror attack.
FRANKFURT: German financial markets watchdog Bafin has not turned up any evidence that German bank directors were involved in manipulating benchmark interest rates, a top Bafin official has told the Wall Street Journal Deutschland.
KUALA LUMPUR: Tin price on the Kuala Lumpur Tin Market (KLTM) is expected stay above US$21,000 a tonne this week on short covering, said a dealer.
WASHINGTON: The Pentagon is expected to clear Apple, Samsung and BlackBerry mobile devices for use on Defense Department networks in the next few weeks, part of an effort to ensure the military has access to the latest communications technology, a spokesman said on Wednesday.