The particular dollar, which has increased to multi-decade highs against its major peers as well as growing currencies, held its strength. Traders are maintaining a close eye upon developments following the Japanese finance ministry’s involvement to support the yen , after it hit a new 24-year low of 146 againstContinue Reading
Cina has expressed its strong opposition to some new US Federal Communications Commission (FCC) decision to prohibit three Chinese phone system companies from selling equipment to the internet development finance. On Tuesday, the FCC said this had put Chinese language telecom firms China Unicom (Americas), Pacific Networks Corp and it is wholly-owned subsidiary ComNet (USA) on the “ Covered […]
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KUALA LUMPUR: Citi Malaysia has won the ‘Best International Bank’ at the 2022 Asiamoney Best Bank Awards. Read full storyContinue Reading
TAIPEI (Reuters) -Taiwan seeks to end its mandatory COVID-19 quarantine for arrivals from about Oct. 13 and can ease other limitations from next week because it continues to re-open to the outside world, the government said on Thurs. Read full story Continue Reading
Industry players are expecting prices to continue increasing over the next few months, as the monsoon season dwindles supply, and the upcoming vacation period intensifies demand.Continue Reading
KUALA LUMPUR: The FBM KLCI fell almost 1% on Wednesday in tandem with Asian markets ahead of an expected aggressive interest rate hike from the US Federal Reserve. Read full storyContinue Reading
THE Philippine peso sank to a record low and other Asian currencies fell against the greenback on Wednesday ahead of a Federal Reserve interest rate decision that is likely to determine the direction of financial markets for months. Read full storyContinue Reading
Bitcoin has, once again, proved it is an unstoppable force in the global financial system – and what’s surprising is that it has done so in China. Blockchain analytics firm Chainalysis has released its 2022 Global Cryptocurrency Adoption Index detailing world usage of Bitcoin and other digital currencies. Emerging markets dominate the adoption index. The World Bank […]
The post Bitcoin is unstoppable – as China proves appeared first on Asia Times.
KUALA LUMPUR: The FBM KLCI remained in the red at midday as investors brace for the conclusion of the US Federal Open Market Committee meeting where it is expected to announe another large interest rate hike. Read full storyContinue Reading
Fed officials have for months stuck to the mantra that they will only ease up on their hawkish drive when inflation comes down and remains subdued. This has led many to warn that rates are unlikely to come down anytime soon, possibly as late as 2024, with a recession moreContinue Reading