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Currency markets

Bank of America not bullish on Asian currencies, cites ‘chaotic era’

by Adrian Jhonsan
Bank of America not bullish on Asian currencies, cites ‘chaotic era’

A Japanese 1,000 yen banknote sits on a pile of South Korean won banknotes for an arranged photograph at a Woori Bank Co. branch in Seoul, South Korea. SeongJoon Cho …

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Categories World

Bank of Korea chief says won volatility a little ‘excessive’

by Adrian Jhonsan
Bank of Korea chief says won volatility a little ‘excessive’

The Bank of Korea will intervene to control currency volatility if needed, the central bank’s chief told CNBC, describing the recent market fluctuations as a little “excessive.” Central bank governor …

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Categories World

Iran’s rial plunges to record low against dollar after Israel strikes

by Adrian Jhonsan
Iran’s rial plunges to record low against dollar after Israel strikes

Two men are holding Iranian banknotes on a sidewalk in Tehran’s business district, in Tehran, Iran, on April 13, 2024.  Nurphoto | Nurphoto | Getty Images Iran’s currency, the rial, …

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Categories World

Gold is safer than mining stocks: State Street’s Milling-Stanley

by Adrian Jhonsan
Gold is safer than mining stocks: State Street’s Milling-Stanley

Investors looking to weather a volatile market may want to opt for physical gold over gold stocks. That’s according to George Milling-Stanley, one of the world’s experts in gold and …

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Categories World

China and Hong Kong sold off nearly $5 trillion, worth more than India’s stock market

by Adrian Jhonsan
China and Hong Kong sold off nearly  trillion, worth more than India’s stock market

MUMBAI, MAHARASHTRA, INDIA – 2024/02/01: A circular metal emblem with words ‘This sign indicates buying of shares’ is seen near the pavement of a street near Bombay Stock Exchange (BSE) …

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Categories World

Japan’s yen hits 34-year-low, heating talk of intervention

by Adrian Jhonsan
Japan’s yen hits 34-year-low, heating talk of intervention

Japanese 1,000 yen, 5,000 yen and 10,000 yen banknotes arranged in Kyoto, Japan, on Thursday, Nov. 2, 2023. The contradictions in Japan’s efforts to protect the yen while slowing the …

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Categories World

Standard Chartered says Japan ‘very, very close’ to yen intervention

by Adrian Jhonsan
Standard Chartered says Japan ‘very, very close’ to yen intervention

Japan is “very, very close” to intervening in the yen, Steven Englander, head of Global G10 FX research and North America macro strategy at Standard Chartered Bank, told CNBC as the …

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Categories World

Indian bonds are to be included in global indexes. Is this a gamechanger?

by Adrian Jhonsan
Indian bonds are to be included in global indexes. Is this a gamechanger?

An undated editorial illustration of the Indian rupee and the Indian flag. Anand Purohit | Moment | Getty Images The decision to include Indian government bonds in two prominent global …

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Categories World

Nigeria’s central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis

by Adrian Jhonsan
Nigeria’s central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis

A pedestrian in the Lagos Island district of Lagos, Nigeria, on Monday, Nov. 14, 2022. Bloomberg | Bloomberg | Getty Images The Central Bank of Nigeria on Tuesday hiked its …

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Categories World

Inside Austin’s bitcoin underground

by Ev Richard
Inside Austin’s bitcoin underground

AUSTIN — There is a sort of clubhouse for Austin’s bitcoin believers on the second floor of the Littlefield Building at the corner of Congress Avenue and Sixth Street. The …

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Categories Technology
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