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Forex markets

Singapore bank DBS Q3 2023 earnings: quarterly profit beats forecast

by Adrian Jhonsan
Singapore bank DBS Q3 2023 earnings: quarterly profit beats forecast

DBS branch in Hong Kong. Budrul Chukrut | SOPA Images, LightRocket | Getty Images Southeast Asia’s largest lender DBS Group reported a 17% jump in third-quarter profit on Monday, benefiting …

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The worst may be over for China, says former FTSE chief

by Adrian Jhonsan
The worst may be over for China, says former FTSE chief

Photo taken on Aug. 19, 2021 shows a stock market trend, Shiyan, Hubei Province, China. Costfoto | Barcroft Media | Getty Images China may continue to see some market volatility …

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Categories World

Turkey’s central bank hikes interest rate to 30%

by Adrian Jhonsan
Turkey’s central bank hikes interest rate to 30%

Turkey’s Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Sopa Images | Lightrocket | Getty Images Turkey’s central bank hiked …

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Western sanctions on Russia could push BRICS alliance closer: APPEC

by Milton Acorn
Western sanctions on Russia could push BRICS alliance closer: APPEC

A general view of flags of (From L to R) South Africa, Brazil, Russia, India and China during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg on …

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Categories Science

India oil minister Hardeep Singh Puri

by Adrian Jhonsan
India oil minister Hardeep Singh Puri

Oil trades have sometimes been settled in the Chinese yuan, Russian ruble or Indian rupee, but the idea of “de-dollarization” — or moving away from the U.S. dollar to settle …

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Categories World

China’s PBOC intervenes after yuan hits 16-year high against greenback

by Adrian Jhonsan
China’s PBOC intervenes after yuan hits 16-year high against greenback

Photo taken on Aug 17, 2023 shows US dollars and Chinese yuan in Fuyang city, East China’s Anhui province. Nurphoto | Nurphoto | Getty Images The People’s Bank of China …

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Singapore among world’s first to agree stablecoin crypto regulation

by Ev Richard
Singapore among world’s first to agree stablecoin crypto regulation

Stablecoin Tether and Circle’s USDC dominate the market. Justin Tallis | Afp | Getty Images Singapore’s financial regulator on Tuesday said it had finalized rules for a type of digital …

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Categories Technology

Argentina devalues its currency, jacks up interest rates

by Adrian Jhonsan
Argentina devalues its currency, jacks up interest rates

Argentine far-right libertarian economist and presidential candidate Javier Milei celebrates the results of the primary elections with his sister Karina Milei at his headquarters in Buenos Aires on August 13, …

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Categories World

Major U.S. financial institution introduces first dollar-backed stablecoin in collaboration with PayPal

by Ev Richard
Major U.S. financial institution introduces first dollar-backed stablecoin in collaboration with PayPal

A sign is posted in front of PayPal headquarters on February 02, 2023 in San Jose, California. Justin Sullivan | Getty Images PayPal on Monday launched a U.S. dollar-backed stablecoin …

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Categories Technology

After Three Decades in Charge, Lebanon’s Central Bank Chief Resigns

by Adrian Jhonsan
After Three Decades in Charge, Lebanon’s Central Bank Chief Resigns

Riad Salameh’s tenure as governor of Lebanon’s central bank on Monday came to an end after 30 years, with many sharply critical of the legacy he now leaves behind. “The …

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Categories World
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