Foreign Exchange News
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FOREIGN EXCHANGE |
10 May 13
76 reads
DB has 19.81% market share.
According to a release, Deutsche Bank – the largest provider of liquidity to Asian currency markets with a 19.81% market share – has confirmed its status as the leading foreign exchange house in Asia for the ninth consecutive year with the release of results from the definitive global FX survey conducted by leading capital markets magazine Euromoney. Read ››
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FOREIGN EXCHANGE |
10 May 13
66 reads
Was implemented May 7 after issuance of necessary instructions to banks. Read ››
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FOREIGN EXCHANGE |
08 May 13
69 reads
New rules immediately cause renmnbi to fall against the US dollar. Read ››
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FOREIGN EXCHANGE |
22 Apr 13
76 reads
Attain forex surplus for seventh straight month.
The State Administration of Foreign Exchange said Chinese banks bought more foreign currency than they sold in March. Read ››
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FOREIGN EXCHANGE |
19 Apr 13
102 reads
In a statement, Standard Chartered announced the appointments of Chris Allington as Global Head, FX, and Neh Thaker as Global Head, Options & Platforms. Read ››
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FOREIGN EXCHANGE |
09 Apr 13
159 reads
Test run of direct trading at banks currently ongoing.
China might soon allow the renminbi to start direct trading with the Australian dollar in Australia. Read ››
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FOREIGN EXCHANGE |
03 Apr 13
146 reads
Talks succeed in easing market access rules for banks seeking to own stakes in other banks. Read ››
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FOREIGN EXCHANGE |
03 Apr 13
162 reads
Also inaugurates three new “hubs” focusing on renminbi businesses.
The Industrial and Commercial Bank of China, China’s largest bank, said its newly established major business hubs in Singapore include a Private Banking Hub, a Commodity and Structured Trade Finance Hub and a Cash Management Hub. Read ››
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FOREIGN EXCHANGE |
18 Mar 13
315 reads
Government study confirms attempts at rate fixing.
A review by Singapore late last year into rates set by The Association of Banks in Singapore uncovered attempts by some traders to manipulate Singapore's rate fixings for certain currencies. Read ››
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FOREIGN EXCHANGE |
11 Feb 13
251 reads
Taiwan Financial aims to accelerate its Asia-Pacific expansion and increase profit from overseas operations. Read ››
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FOREIGN EXCHANGE |
08 Feb 13
350 reads
ICBC was granted QFB privileges in 5 October 2012.
According to a release, MAS welcomed the announcement today by the People’s Bank of China (PBC) that the Industrial and Commercial Bank of China (ICBC) Singapore branch had been appointed as the clearing bank for Renminbi (RMB) in Singapore. Read ››
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FOREIGN EXCHANGE |
08 Feb 13
323 reads
Emirates NBD launches renminbi accounts to support SMEs.
The bank, the biggest lender by assets in the United Arab Emirates, has launched its own renminbi-denominated accounts and deposits to support small and medium enterprises (SMEs) that conduct trade settlements. Read ››
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FOREIGN EXCHANGE |
07 Feb 13
326 reads
Taiwan will be the second location after Hong Kong to sell renminbi-denominated bonds. Read ››
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FOREIGN EXCHANGE |
28 Jan 13
576 reads
Evidence surfaced that traders colluded to manipulate rates in Singapore's offshore foreign exchange market. Read ››
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FOREIGN EXCHANGE |
28 Jan 13
398 reads
Citibank (China) Company last week completed its first cross-border renminbi lending transaction. Read ››
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FOREIGN EXCHANGE |
28 Jan 13
295 reads
The Bank of England will soon become first G7 central bank to enter into a foreign exchange swap agreement with China. Read ››
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FOREIGN EXCHANGE |
24 Jan 13
315 reads
Amount is 10 times higher than 2009.
The Hong Kong Monetary Authority said renminbi deposits and certificates of deposits held in Hong Kong jumped to US$113 billion in December 2012, 10 times higher than in 2009. Read ››
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FOREIGN EXCHANGE |
14 Jan 13
307 reads
China has set up an office to handle trusted loans of foreign exchange reserves. Read ››
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FOREIGN EXCHANGE, TRADE FINANCE |
04 Dec 12
617 reads
The index remained relatively flat at 732 in October.
Read ››
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FOREIGN EXCHANGE |
22 Nov 12
582 reads
Selection of Renminbi settlement bank proceeding cautiously.
China is close to choosing a bank for Renminbi settlements in Taiwan. Read ››
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FOREIGN EXCHANGE |
20 Nov 12
430 reads
Deregulation also necessary to carry out financial reforms.
People’s Bank of China Governor Zhou Xiaochuan said the renminbi's convertibility will be the next step in reforming China's exchange rate system. Read ››
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FOREIGN EXCHANGE |
05 Nov 12
581 reads
China Construction Bank Corporation will sell US$400 million.
The Big Four state-owned bank is making the sale this month as part of China's effort to internationalize the renminbi (RMB) or yuan, according to sources. Read ››
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FOREIGN EXCHANGE |
03 Nov 12
533 reads
China's strategy to strengthen yuan globally.
Included is Industrial and Commercial Bank of China desire to increase the use of the yuan between Thai and Chinese customers through retail products and "dim sum" bonds. Read ››
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FOREIGN EXCHANGE |
30 Oct 12
139 reads
To curb the won's strength.
This is the intention of South Korea's central bank and the Financial Supervisory Service - a financial markets regulator - in jointly investigating the banks on their foreign exchange and derivatives trading. Read ››
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FOREIGN EXCHANGE |
16 Oct 12
511 reads
Among the ways is terming out debt maturities and it finally paid off. Read ››
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FOREIGN EXCHANGE |
15 Oct 12
474 reads
Ample foreign currency liquidity of South Korean banks helped reduce the need for fresh loans in September, the financial regulator said Sunday. Read ››
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FOREIGN EXCHANGE |
04 Oct 12
536 reads
The TAIEX fell below the 7,700 point mark Wednesday as turnover shrank further amid lingering concerns over debt problems in the eurozone, dealers said. Read ››
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FOREIGN EXCHANGE |
25 Sep 12
572 reads
Taiwan will begin its comprehensive renminbi-related businesses November 1 through authorized renminbi clearance banks. Read ››
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FOREIGN EXCHANGE |
14 Sep 12
652 reads
ICBC's total volume of cross-border RMB trade settlement jumped 94.6% year-on-year to RMB 790.1 billion in the first half of 2012. Read ››
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FOREIGN EXCHANGE |
09 Sep 12
655 reads
ICBC Beijing Branch has included the Thai baht and Philippine peso in its foreign exchange currency services. Read ››
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FOREIGN EXCHANGE |
18 Jul 12
637 reads
Bankers say there is no 'one size fits all' solution nowadays. Read ››
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FOREIGN EXCHANGE |
11 Jul 12
784 reads
But bankers say that those with higher FX volumes could conduct such activity online. Read ››
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FOREIGN EXCHANGE |
04 Jul 12
699 reads
As various services and products emerge across Asia and trade is settled in different currencies, we sought the insights of bankers and analysts for possible hedging solutions. Read ››
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FOREIGN EXCHANGE |
27 Jun 12
949 reads
Bankers believe local currencies are getting more important, but warns that their potential highly depends on the economic and trade positions it commands in the global arena. Read ››
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FOREIGN EXCHANGE |
22 Jun 12
777 reads
Maybank expects a take-up of RM300 million in the next 12 months in expanding its overseas ringgit mortgage loan scheme to Melbourne. Read ››
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FOREIGN EXCHANGE |
17 Jun 12
1158 reads
Chinese firms will be allowed to use foreign currency loans they acquire from domestic banks to finance operations overseas starting on July 1. Read ››
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FOREIGN EXCHANGE |
17 Jun 12
1204 reads
A facility for providing Renminbi liquidity to authorized institutions in Hong Kong has been unveiled by the Hong Kong Monetary Authority. Read ››
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FOREIGN EXCHANGE |
12 Jun 12
1038 reads
Sri Lanka experienced positive first quarter foreign exchange earnings leading it to expect increased inflows this year. Read ››
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FOREIGN EXCHANGE |
10 Jun 12
1485 reads
Commerzbank AG aims to grow its corporate banking business in China by as much as 30 percent this year. Read ››
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FOREIGN EXCHANGE |
02 Jun 12
1002 reads
HSBC China will be among first market makers for the direct trading of the renminbi and yen after it was approved by China's central bank. Read ››
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