Business News

Australian dollar rises after RBA policy, at 21-month high vs euro

The RBA left policy rates unchanged but said that inflation will pick up during this year.

Feb 7, 2017

By Boby Michael

New Zealand dollar rallies to 5-month high on inflation expectations ahead of RBNZ meet

Analysts now predict a rate hike in 2018 though the central bank had forecast to keep rates until end of 2019.

Feb 7, 2017

By Boby Michael

Canadian dollar down ahead of trade, PMI data as Trump's NAFTA comments weigh

If traders prefer to bet more on the loonie downside, USD/CAD can soon rise to levels above 1.3500 from the current 1.30 region.

Feb 7, 2017

By Boby Michael

Gold up to 12-week high as slow wage inflation reduces Fed hike chances, palladium near 6-year peak

Silver and platinum too are trading near multi-month highs.

Feb 6, 2017

By Boby Michael

Euro falls most among majors amid mixed cues from Germany, EUR/USD parity back in focus

Technically, the euro is more poised to the downside rather than the upside despite a slight uptrend in place since January.

Feb 6, 2017

By Boby Michael

EMAS offshore reports full-year loss, warns of write downs, grim outlook

Ezra Holdings shares plunge to record low after $239.3 mln ECS writedown

Ezra Holding shares dropped to 3.2 Singapore cents even as 190 million shares were traded on the SGX.

Feb 6, 2017

By Jacob J

Aussie dollar off 12-week high vs greenback as retail sales data disappoints, NZD up

Retail sales in Australia unexpectedly fell 0.1% month-on-month in December when analysts had been expecting a 0.3% gain.

Feb 6, 2017

By Boby Michael

Indonesian rupiah in tight range vs USD ahead of Q4 GDP data, Trump concerns remain

USD/IDR slipped to 13,335 on Friday from the previous close of 13,398, and the gain in the rupiah was well within the 13,200-13,450 per dollar range, in place since January.

Feb 5, 2017

By Boby Michael

Trump enacts fresh sanctions on Iran to punish its ballistic missile program

The US Treasury Department said it has enacted new sanctions on 25 firms or individuals connected to Iran's ballistic missile program.

Feb 4, 2017

By Boby Michael

Russia leaves rates; says more cuts unlikely this year as inflation risks curbed, growth getting stable

The CBR said Russia will near its 4% inflation target and the annual GDP rate will get back to the positive zone this year itself.

Feb 3, 2017

By Boby Michael

China hikes short-term money market rates unexpectedly

The PBOC raised the 7-day, 14-day and 28-day reverse repurchase agreements by 10 basis points each to 2.35%, 2.5% and 2.65% respectively.

Feb 3, 2017

By Boby Michael

Singapore economy expands by 1.8 per cent in Quarter 1

Private sector business conditions weaker in Singapore and Hong Kong: IHS Markit survey

The Singapore PMI dropped to a three-month low of 51.6 in January and Hong Kong's fell to 49.9 from 50.3.

Feb 3, 2017

By Boby Michael

China's JAC to build cars in Mexico as Trump threat weighs on US carmakers

Mexico manufactured 3.5 million light vehicles in 2016, a 67 percent rise from 2008.

Feb 3, 2017

By Jacob J

Singapore SIPMM manufacturing PMI rises to 26-month high, SGD rises

The Manufacturing PMI increased to 51 in January of 2017 from 50.6 in the previous month.

Feb 3, 2017

By Boby Michael

Vietnam inflation accelerates to 3-year high; currency drops to 1-month low

The CPI inflation rose to 5.22% from a year earlier, its highest since January 2014, and sharply higher than 2016 December's 4.74%.

Feb 2, 2017

By Boby Michael

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