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Singapore allows currency to gain in gradual move Singapore's central bank made a measured change to policy, allowing its currency to strengthen in the face of solid economic growth, while also acknowledging mounting risks from a United States-China trade war. The Monetary Authority of Singapore (MAS), which uses the exchange rate as its main ...
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S. Korea Avoids US Currency Manipulator Designation But Kept on Watch List To be labeled a currency manipulator by the U.S., a trading partner must qualify three conditions: bilateral trade surplus of at least 20 billion dollars, current account surplus of at least three percent of gross domestic product, and a so-called "persistent, one-sided intervention" where net purchases of ...
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HKMA intervenes as Hong Kong dollar hits weak end of trading band HONG KONG (Reuters) - Hong Kong's central bank bought the local currency on Friday, as part of its first intervention in foreign exchange markets since 2015 after the Hong Kong dollar hit the weaker end of its trading range, nudging up a key lending rate that could push borrowing costs higher.
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Emerging Market Debt Gets Riskier The yields look great, but there is risk, especially with local currency," says Win Thin, global head of emerging markets currency strategy at Brown Brothers Harriman. A few days of 2% losses in a currency could wipe away a year's interest payments, even for Brazilian and Turkish 10-year bonds yielding ...
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Accused in fake currency racket nabbed after 10 years Lakhs of fake currency notes of Rs 500 and Rs 1,000 denominations were seized from Rajkot's Kabirvan Society in Bedipara area on August 26, 2007. Police had arrested two persons — Ashok Sakariya and Ashwin Khunt — in the case. On September 27, the Gadhda police officials nabbed Ramesh ...
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