SINGAPORE Singapore's exports in October contracted sharply as sales to major markets fell, raising the risk of a recession in the trade-dependent economy amid heightened uncertainty around global trade in the wake of Donald Trump's U.S. election victory.
HONG KONG/SINGAPORE Foreign banks have been asked to make a written commitment to Malaysia's central bank to stop trading the ringgit in the offshore non-deliverable forwards market in the bank's latest move to protect a weakening currency, banking sources said.
SINGAPORE/KUALA LUMPUR Malaysia's ringgit sank to its weakest in more than 12 years in offshore markets on Friday, as the fallout from Donald Trump's surprise U.S. election victory spoilt the day for a country reporting that its economy was finally perking up.
JAKARTA Emerging markets in Southeast Asia were slammed on Friday as Donald Trump's shock victory in the U.S. presidential election reverberated around the world, with Malaysian and Indonesian central banks acting to try to defend their currencies as investors sold stocks and bonds.
JAKARTA, Nov 11 Emerging markets in Southeast Asia were slammed on Friday as the stunning upset of Donald Trump's presidential win in the United States reverberated around the world, with Malaysia and Indonesian central banks intervening to try to stem the flow of money out of stocks and bonds.
SINGAPORE Sentiment toward most emerging Asian currencies remained bearish in the last two weeks and is unlikely to recover soon as Donald Trump's victory in the U.S. presidential election adds to concerns about the region's exports and ties with Washington, a Reuters poll showed.
SINGAPORE Bearish bets on China's yuan hit a near ten-month high in the last two weeks as the central bank guided it weaker to reflect a firm dollar, and sentiment toward most emerging Asian currencies stayed pessimistic with U.S. interest rates expected to rise.
SINGAPORE The growing risk of a recession in Singapore has raised the prospects of an off-cycle easing in policy, although for now the consensus among economists is for the central bank to sit tight in the hope the economy sparks to life.
SINGAPORE Singapore's exports in September slid less than expected as shipments to top customer China declined at a slower pace and sales to Europe rebounded, but the outlook for the trade-dependent economy remained grim.
SINGAPORE Singapore's central bank on Friday held policy steady despite a surprisingly sharp economic contraction in the third quarter, but analysts say the weak inflation and growth outlook will likely force policymakers to ease further.
China's plan to dramatically reform Hong Kong's electoral system, expected to be unveiled in a parliamentary session in Beijing starting this week, will upend the territory's political scene, according to more than a dozen politicians from across the spectrum.