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Forex 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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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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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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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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‘Mr Yen’ says Japan may intervene if yen drops to 155

by Adrian Jhonsan
‘Mr Yen’ says Japan may intervene if yen drops to 155

Japanese authorities may intervene if the yen sinks to 155 to 160 against the dollar, according to a former top foreign exchange official Eisuke Sakakibara. The Bank of Japan’s decision …

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Canon Electronics leads plunge among Space One consortium after failed launch

by Adrian Jhonsan
Canon Electronics leads plunge among Space One consortium after failed launch

Japan’s Canon Electronics shares fell as much as 12.7% on Wednesday after Tokyo-based Space One’s small rocket exploded just moments after its maiden launch. Reuters reported the solid-fueled Kairos rocket …

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Nigeria battles to halt spiraling currency crisis and rising food insecurity

by Adrian Jhonsan
Nigeria battles to halt spiraling currency crisis and rising food insecurity

IBADAN, Nigeria – Feb. 19, 2024: Demonstrators hold placards during a protest against the hike in price and hard living conditions in Ibadan on February 19, 2024. Samuel Alabi | …

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Turkish annual inflation soars to 67% in February

by Adrian Jhonsan
Turkish annual inflation soars to 67% in February

The Maslak financial and business center in the Sariyer district of Istanbul. Ayhan Altun | Moment | Getty Images Turkish annual consumer price inflation soared to 67.07% in February, the …

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Disney’s Reliance merger is a streaming wars win

by Adrian Jhonsan
Disney’s Reliance merger is a streaming wars win

Disney+ Hotstar logo is seen on a smartphone and flag of India on a pc screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | …

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China’s Country Garden gets liquidation petition from creditor

by Adrian Jhonsan
China’s Country Garden gets liquidation petition from creditor

Aerial photo shows a Country Garden residential area in Nanjing, East China’s Jiangsu province, Feb 5, 2024. Future Publishing via Getty Images Future Publishing | Future Publishing | Getty Images …

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