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HKMA intervenes to buy local currency, first time since '05

TheHongKongMonetaryAuthorityboughtthelocalcurrencyforthefirsttimesincethecurrenttradingbandwasimposedin2005,aftertheexchangeratesanktotheweakendofitspermittedra

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Oil prices rally after Trump threatens missiles in Syria

OilpricesroseonWednesdayamidrisinggeopoliticaltensionsintheMiddleEast.InatweetonWednesdaymorning,USPresidentDonaldTrumpwarnedRussiatogetreadyformissileattacksin

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Iran fixes currency rate in bid to stop rial collapse

IrantookthedrasticstepoffixingtherateofitscurrencyagainstthedollaronTuesdayinabidtoarrestaslidethathasseenitfallbyathirdinsixmonths.Therialhasreachedaseriesofre

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Bank fee potential slashed as Trump ends Broadcom's Qualcomm takeover

Adozenbanksthatsignedontoprovidearecord100billionUSdollarbridgeloantobackBroadcomLtd’splanned117billionUSdollartakeoverofQualcommIncwillearnstarklylessthanplann

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U.S. dollar jumps amid Trump's tariff announcement

TheU.S.dollarindexroseagainstmostothercurrenciesinlatetradingonThursday,asinvestorswereawaitingformoredetailsaboutU.S.PresidentDonaldTrump'stariffplan.TheU.S.do

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Asian markets sink again as Trump fans trade war fears

AsianmarketsturnednegativeagainonMondayasthefalloutfromDonaldTrump'ssteelandaluminiumtariffscontinuestofeedconcernsofaglobaltradewar.Equitieswentintoatailspinla

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India asks state banks to act on operational gaps after massive fraud

India’sfinanceministryonTuesdayseta15-daydeadlineforstatebankstotakepre-emptiveactionagainstoperationalandtechnicalrisks,followinga2billion-USdollarfraudattheco

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Dollar regains footing after U.S. government shutdown

ThedollarregainedsomefootingonMondayafterslippingearlieronaU.S.governmentshutdown,supportedbyhigherTreasuryyields,whileinvestorstookarelativelycalmviewoftheWash

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Germany to add China's yuan to currency reserves

Germany'scentralbankhassaiditwillincludeChina'syuaninitsreserves,givinganotherboosttoBeijing'sdrivetointernationalisethecurrencyandhelpingsendtheunittotwoyearhi

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Dollar heads into 2018 on a weaker note, Asia stocks mixed

ThedollarsufferedfreshpressureonFridayastraderscashintherecentgainsfuelledbyDonaldTrump'staxcuts,whileAsianequitieswereoncoursetoendastrongyearintepidfashion.As

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Asia stocks subdued as U.S. tax cuts slug bonds

AsianmarketsofferedamutedreceptiononThursdaytothepassageofU.S.taxcutsasbenefitstocompanybottomlineswerealreadybakedintostockprices,whilebondswerespookedbytheblo

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India : Wealth of top 101 billionaires equals 13% of GDP

ItisinterestingtocomparetheworthofdollarbillionaireswiththeGDPofthecountriesinwhichtheylive.Insuchacomparison,Russia,USandIndiaareshowntobeamongthemostskewedcou

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Thai baht surges to highest level in 2 years

ByAPDwriterChenJiabaoBANGKOK,Nov.21(APD)--ThebahtbroketheTHB33.00/USDlevel,touchingat32.79onTuesday,thehighestrangein30months.Thaicurrencyhasrisentothepeakrecen

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World gold price falls sharply amid sell-off

GoldfuturesontheCOMEXdivisionoftheNewYorkMercantileExchangedroppedsharplyonMondayduetomassivesellingactivities.ThemostactivegoldcontractforDecemberdeliveryfell2

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Dollar drops to mid-112 yen zone on Trump's alleged links with Russia

TheU.S.dollarfelltothemid-112yenzoneFridayinTokyoamidmediareportsaboutasubpoenaissuedlastmonthrequestingdocumentsrelatedtoRussiafromTrump'scampaignofficials.At5

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World stocks lower on US tax reform uncertainty, May's woes

UncertaintyoveraUStaxreformdealpushedworldstockmarketsfurtherawayfromrecentrecordhighsonMonday,whileBritain’spoundfellongrowingconcernaboutthefutureofPrimeMinis