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Local currency forecast at RM4-RM4.10 against US dollar
PETALING JAYA: After more than two years of decline against the US dollar, the ringgit is expected to strengthen to between RM4 and RM4.10 against the greenback this year, according to Standard Chartered.
Laos and China agree direct currency exchange deal
VIENTIANE: Laos and China have agreed to facilitate the direct exchange of the Lao kip (LAK) and the Chinese yuan (CNY) instead of having to make conversions through other currencies as was done previously.
Hong Kong’s first digital bank offers 6% rate that dwarfs HSBC’s
HONG KONG: The first of Hong Kong’s new generation of digital banks has announced its arrival with a 6% introductory rate for deposits.
Hong Kong’s first Digital Bank offers 6% rate that dwarfs HSBC’s
HONG KONG: The first of Hong Kong’s new generation of digital banks has announced its arrival with a 6% introductory rate for deposits. ZA Bank Ltd., one of eight firms preparing to start digital-only banks in Hong Kong, has begun a trial run that pays a select group of depositors over 3 percentage points.
Ringgit, oh ringgit
Strength of reserves will help country defend against currency attacks
Asian shares rise as worries recede on Iran, US tensions
TOKYO/SINGAPORE: Asian shares rose on Friday (Jan 1) as worries receded the United States and Iran might be stepping closer to the edge of war, and US indexes hit records. Stocks have been rallying after investors took comments from President Donald Trump and Iranian officials to mean no military escalation is imminent in their tense conflict.
Affin Hwang AM launches Global High Income Fund
KUALA LUMPUR: Affin Hwang Asset Management Bhd had on Thursday launched the Affin Hwang World Series – Global High Income Fund, which in turn is a feeder fund into the JPMorgan Fund.
Crisis-hardened markets have learned to look past military flare-ups
LONDON (Reuters) - Iran's missile attack on U.S. army bases in Iraq overnight sent gold blasting above $1,600 an ounce, boosted the Japanese yen by almost 1% and oil by $3 a barrel.
Buy the dip, wait and see, add hedges
SINGAPORE: Financial markets were roiled anew after Iran retaliated against the US for killing one of its top military commanders, spurring investors to reassess geopolitical risks for their portfolios.
Central banks might struggle to fight deep downturn
LONDON: Bank of England Governor Mark Carney said central banks might not be able to fight off a sharp economic downturn because their monetary policy arsenals are still depleted from the global financial crisis a decade ago, the Financial Times reported.