Brent trades near 4-month low on Greece, possible oil
SINGAPORE (Reuters) - Brent crude slipped to a near four-month low on Thursday as investors shunned riskier assets following turmoil in Greece and the euro zone, while oil supplies could rise as G8 countries may tap emergency reserves ahead of sanctions on Iran in July. Greece faces a possible exit from the euro zone as it failed to form a government to implement austerity measures in exchange ...
EM ASIA FX-Europe's political woes hit Asia FX; won, ringgit break support
SINGAPORE, May 9 (Reuters) - Most emerging Asian currenciesfell on Wednesday, with the South Korean won and the Malaysianringgit breaking through technical support, on worries thatausterity moves Europe ...
Bright future, but stiff competition for Islamic finance
THE growth of the Islamic finance industry has been remarkable over the last three decades. The total invested assets...
IMF Says Myanmar Plans to Ease Trade Flows by End-2013
Myanmar plans to scrap all restrictions on international payments and transfers before the end of 2013, the International Monetary Fund said, making it easier for companies to buy and sell goods in the country.
Oman- OTI wins oil supply tender from India's Bharat Petroleum Corp
(MENAFN) Under Oman Trading International's (OTI) plans to expand further in Asian markets, the company completed a sale of 15,000 tonnes of 340 parts-per-million (ppm) sulphur diesel and 15,000 ...
EM ASIA FX-Asian FX mixed; mood cautious before Fed, BOJ meetings
* Taiwan dlr edges up on inflows, importers cap * Won turned lower; importers cause dlr-short covering * Sing dlr edges up, inflation higher than f'cast (Adds details, updates prices) By Jongwoo Cheon SINGAPORE, April 23 (Reuters) - Emerging Asian currencieswere mixed on Monday on caution before two major central bankmeetings, while the International Monetary Fund's decision todouble its ...
EM ASIA FX-Europe worries hit Asia FX; won, ringgit breach support
* Won weakens past Fibo support; 1,142/dlr, 1,144.9 eyed * Ringgit threatens to clear 100-day moving average * Sing dlr dips on macro names; local names buy it * Philippine peso down, but remittance inflows ...
Greek Euro Exit Would Risk Asia Crisis-Style Rout, Zeti Says
A Greek exit from the euro couldcause contagion comparable to the Asian financial crisis,according to Malaysia 's central bank Governor Zeti Akhtar Aziz,who had first-hand experience of that turmoil. "The ...
The allure of Asia
On the face of it, international financial authorities have become more global since the 2008 financial crisis. The pan-world G20 has taken over from the Western G7 and non-Western economies have more say on the Financial Stability Board (FSB) and the Basel Committee on Bank Supervision.
Thai GDP Contraction Eased on Post-Flood Recovery, Survey Shows
Thailand’s economic contraction probably eased in the first quarter as factories resumed production and tourists returned after the worst floods in almost 70 years, adding scope for interest-rate increases.