Foreign Exchange
Japanese banks fearful of sanctions on Iran
Japanese banks, already reeling from the country’s massive debt, fear international sanctions on Iran could deliver a “big blow” to their system.
Japanese banks fearful of sanctions on Iran
Japanese banks, already reeling from the country’s massive debt, fear international sanctions on Iran could deliver a “big blow” to their system.
Here comes the international renminbi
China has just implemented a pair of key steps geared at turning the renminbi or yuan into an international currency.
Japanese banks take IMF stress tests to counter future failure
Japan’s burgeoning debt, now equal to about twice the country's annual economic output, focuses sharp attention of the vulnerabilities of Japanese...
People's Bank of China to create $300b investment vehicle
According to Reuters, the vehicle will target investments in the US and Europe.
DBS mulls adding staff by 10%
The lender aims to take advantage of yuan's rise to become major offshore trader of the currency.
Bank of China, Sumitomo to cooperate in yuan business
BoC and SMBC will cooperate on yuan-related business to accomodate increasing trade between China and Japan.
China and Hong Kong renew currency swap agreement
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.
Vietnamese bank willing to buy shipbuilder's dollar loan
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...
Korea Finance raises US$750 M via debt sale
Korea Finance Corp. has raised US$750 million by floating dollar-denominated bonds.
Hong Kong’s forex reserves reach US$281 B in Oct.
Hong Kong’s foreign currency reserve assets reached 281.7 billion U.S. dollars by the end of October, 2011, up 4.1 billion U.S. dollars compared to...
Forex reserve growth of China slows down
Decreased growth said to show the depth of unease created by debt fears in Europe and the weak U.S. economy.
Hong Kong hails new RMB rules
The promulgation of the Notice on Cross-border Renminbi Foreign Direct Investment by the Ministry of Commerce, and the Renminbi Foreign Direct...
Bankers urge Philippine central bank to further liberalize forex rules
BSP officials believe easing of rules on foreign exchange would help prevent the steep fall or rise of the peso.
Sri Lanka's ComBank offers transactions in Yuan
The Commercial Bank of Ceylon has enabled customers to transact in Chinese Yuan for import and export dealings with counterparts in the People’s...
ICBC Registers Over RMB 400 Billion in Turnover from Cross-Border Renminbi Business in H1 2011
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...
Bank of China stops foreign exchange trade with some Euro banks
Bank of China has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe.
Saxo Capital Markets introduces new offshore renminbi
Clients of the firm can now trade the offshore Chinese Renminbi against the US Dollar.
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