Foreign Exchange
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FOREIGN EXCHANGE |
30 Apr 12
Bankers see the Chinese renminbi or yuan becoming a key commodities currency. Read ››
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FOREIGN EXCHANGE |
02 Apr 12
Over the last few months, investors have frequently expressed to me their concerns about the change of leadership in Beijing likely to take place in the autumn of this year and what that might mean for the pace of reform in China’s economy and markets. Read ››
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FOREIGN EXCHANGE |
20 Mar 12
The Royal Bank of Scotland plc (RBS) is bullish over the Malaysian ringgit, with the local currency projected to move within the 3.05-3.02 range to the US dollar this year. Read ››
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FOREIGN EXCHANGE |
20 Feb 12
China's micro-credit sector experience massive growth with encouragement from the government. Read ››
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FOREIGN EXCHANGE |
16 Feb 12
Bank Negara Malaysia clarified that only licensed banks can buy and sell of foreign currency in Malaysia. Read ››
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FOREIGN EXCHANGE |
14 Feb 12
ICBC registered over US$158.7 billion or RMB 1 trillion in cross-border RMB business by end-2011. Read ››
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FOREIGN EXCHANGE |
08 Feb 12
Malaysia and China renewed its 3 year currency swap agreement and increased its size to RM90 billion/RMB180 billion. Read ››
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FOREIGN EXCHANGE |
07 Feb 12
Eligible financial institutions operating in Malaysia might obtain Malaysian ringgit liquidity from Bank Negara by pledging Thai baht, or Thai government and central bank debt securities with it. Read ››
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FOREIGN EXCHANGE |
01 Feb 12
China plans to make Shanghai a global center for innovation, transaction, pricing and clearing of RMB-denominated financial products by 2015. Read ››
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FOREIGN EXCHANGE |
27 Jan 12
Money exchange services will be conducted by Myanmar banks in Singapore, Malaysia and Thailand starting February. Read ››
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FOREIGN EXCHANGE |
27 Jan 12
South Korean banks are riding the wave of the country’s first-ever trade volume of US$1 trillion. Read ››
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FOREIGN EXCHANGE |
26 Jan 12
An almost desperate need to bolster their balance sheets will ensure European banks will continue to lose leverage in Hong Kong and the rest of Asia. Read ››
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FOREIGN EXCHANGE |
15 Jan 12
Japanese banks, already reeling from the country’s massive debt, fear international sanctions on Iran could deliver a “big blow” to their system. Read ››
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FOREIGN EXCHANGE |
11 Jan 12
China has just implemented a pair of key steps geared at turning the renminbi or yuan into an international currency. Read ››
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FOREIGN EXCHANGE |
09 Jan 12
Japan’s burgeoning debt, now equal to about twice the country's annual economic output, focuses sharp attention of the vulnerabilities of Japanese banks. Read ››
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FOREIGN EXCHANGE |
12 Dec 11
According to Reuters, the vehicle will target investments in the US and Europe. Read ››
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FOREIGN EXCHANGE |
07 Dec 11
The lender aims to take advantage of yuan's rise to become major offshore trader of the currency. Read ››
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FOREIGN EXCHANGE |
25 Nov 11
BoC and SMBC will cooperate on yuan-related business to accomodate increasing trade between China and Japan. Read ››
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FOREIGN EXCHANGE |
23 Nov 11
The People's Bank of China and the Hong Kong Monetary Authority have signed a renewed currency swap agreement for a term of another three years. Read ››
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FOREIGN EXCHANGE |
17 Nov 11
A domestic bank in Vietnam is willing to buy back the debt of Vietnam Shipbuilding Industry Group at 35 percent of its face value, or $210 million, compared with the original $600 million. Read ››
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FOREIGN EXCHANGE |
09 Nov 11
Korea Finance Corp. has raised US$750 million by floating dollar-denominated bonds. Read ››
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FOREIGN EXCHANGE |
07 Nov 11
Hong Kong’s foreign currency reserve assets reached 281.7 billion U.S. Read ››
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FOREIGN EXCHANGE |
17 Oct 11
Decreased growth said to show the depth of unease created by debt fears in Europe and the weak U.S. Read ››
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FOREIGN EXCHANGE |
15 Oct 11
The promulgation of the Notice on Cross-border Renminbi Foreign Direct Investment by the Ministry of Commerce, and the Renminbi Foreign Direct Investment Settlement Rules by the People's Bank of China has been welcomed by Hong Kong. Read ››
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FOREIGN EXCHANGE |
11 Oct 11
BSP officials believe easing of rules on foreign exchange would help prevent the steep fall or rise of the peso. Read ››
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FOREIGN EXCHANGE |
11 Oct 11
The Commercial Bank of Ceylon has enabled customers to transact in Chinese Yuan for import and export dealings with counterparts in the People’s Republic. Read ››
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FOREIGN EXCHANGE |
05 Oct 11
ICBC saw a strong growth trajectory in its RMB business, with a turnover in the first half of 2011 trebled last year's to RMB 406 billion, RMB 280.4 billion in cross-border RMB settlement, RMB 120.6 billion in trade finance. Read ››
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FOREIGN EXCHANGE |
20 Sep 11
Bank of China has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe. Read ››
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FOREIGN EXCHANGE |
15 Sep 11
Clients of the firm can now trade the offshore Chinese Renminbi against the US Dollar. Read ››
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FOREIGN EXCHANGE |
13 Sep 11
Bank Indonesia will issue a regulation obliging the savings of foreign exchange from exports and foreign loans in doemstic banks, according to Jakarta Post. Read ››
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FOREIGN EXCHANGE |
17 Aug 11
HKMA head said the HK dollar would lose its advantages if it is pegged to the Mainland’s currency. Read ››
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FOREIGN EXCHANGE |
10 Aug 11
Bangkok Bank launched a range of China Yuan transaction services to help serve the expansion of trade and investment between Thailand and China. Read ››
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FOREIGN EXCHANGE |
10 Aug 11
South Korea will conduct daily checks on local banks' foreign currency levels to stave off a liquidity crunch amid rising market volatility. Read ››
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FOREIGN EXCHANGE |
04 Aug 11
CIMB Bank expects a 40-45 % growth in turnover from its currency exchange business this year after a tie-up with the Malaysian Association of Tour and Travel Agents. Read ››
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FOREIGN EXCHANGE |
04 Aug 11
Seeking funding overseas has lower costs compared with local loan rates but seen affect the domestic renminbi loan market. Read ››
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FOREIGN EXCHANGE |
26 Jul 11
The central banks of Kazakhstan and China have agreed to open special accounts under an agreement on yuan/tenge swap. Read ››
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FOREIGN EXCHANGE |
12 Jul 11
Banks in Vietnam will face a fine of up to VND100 million if they buy or sell foreign currencies at unofficial
rates or impose illegal transaction fees on customers. Read ››
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FOREIGN EXCHANGE |
06 Jul 11
Sai Gon commercial Bank launched a preferential program to purchase dollars at 0.1-0.3% higher than listed prices. Read ››
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FOREIGN EXCHANGE |
02 Jul 11
A senior official at Indonesian branch of HSBC said on Thursday that Chinese currency Renminbi would be one of three primary currencies, besides US dollar and Euro, used in international trade by 2015. Read ››
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FOREIGN EXCHANGE |
02 Jul 11
Sri Lanka's Monetary Board will include the China's yuan among designated currencies permitted for international transactions through banks in Sri Lanka. Read ››
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