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The Renminbi’s Journey to the World

As China's currency becomes more popular internationally, the country will have less need to hold US dollar assets. BEIJING – Recently, HSBC bank released an upbeat survey predicting that China’s...

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The untold story of Malaysia foreign exchange controls

Book reveals how Malaysia beat currency speculators in 1997/98 crisis: KUALA LUMPUR: Former Prime Minister Tun Dr Mahathir Mohamad toyed with the idea of exchange controls as early as May 1998 but was...

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US dollar died, debt default is unimaginable, “playing with fire”, creditors say

US dollar died. SINGAPORE - Allowing a brief US debt default to force government spending cuts is a "horrible idea" that could destabilize the world economy and sour already tense relations with big...

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US Dollar’s Share Of Global Reserves Continues To Slide, Reserve Status...

Further confirmation that the U.S. dollar is gradually losing its reserve status came today from an International Monetary Fund report on global holdings of foreign exchange reserves by central banks....

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Stupid central banker tricks

The euro has rallied against the dollar despite worries about Greece as investors bet on ECB rate hikes. Click chart for more on currencies. NEW YORK (CNNMoney) -- Greek debt crisis? What Greek debt...

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China’s US$3.2 trillion headache

WHILE the downgrade of US government debt by Standard & Poor's shocked global financial markets, China has more reason to worry than most: the bulk of its US$3.2 trillion in official foreign...

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Changing the international monetary system

ON Oct 5, 2011, the Triffin International Conference celebrated the 100th year of birth of Robert Triffin, a Belgian economist who was trained in Harvard, worked in the US Fed, taught in Yale and then...

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Euro, death approaching soon ?

Death of a currency as eurogeddon approaches It's time to think what hitherto markets have regarded as unthinkable – that the euro really is on its last legs. The defining moment was the fiasco over...

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China, Japan to launch yuan-yen direct trading

Trade between Asia's two largest economies is about to get a whole lot easier. China's central bank confirmed Tuesday that the country will allow the direct trading of its currency against the Japanese...

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The yuan goes global: Money talks and London is listening to the yuan

The Chinese currency is fast gaining weight worldwide and becoming a key topic of conversation for bankers. THE fashionable youths in hot pants flocking to high-end department stores in London and...

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Malaysian currency weaken as foreign capital outflow

Tweet Foreign capital outflow a trend in emerging markets these days The ringgit, which has been described as being in a tight spot, has fallen 6.6% since May 22, when the Fed first raised the spectre...

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Malaysian Ringgit drops to three-year low !

Tweet The ringgit tends to move more significantly lately because of domestic factors such as the fiscal situation, Says Saktiandi Supaat of Maybank in Singapore KUALA LUMPUR: The ringgit dropped to a...

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Australian ‘racist rant woman'; AUD goes down under

Tweet Australian police have charged a woman for racially abusing passengers on a train after a video recording her tirade was posted online and went viral, sparking a social media backlash. The...

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Is the weakening Malysian ringgit a similar to 1997/98 crisis?

Tweet Economic troubles ahead but most don’t think it will be as bad as back then We don’t see a crisis brewing in emerging Asia. But that is not to say there aren’t risks. We believe those risks are...

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Malaysian currency hardest hit in Asia by Greek crisis and political conerns,...

Tweet PETALING JAYA: The simmering economic crisis in Greece and weakness in China continued to roil financial markets across the region, with the ringgit being the hardest hit among Asian currencies....

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The riddled Ringgit Malasia hits 17-year low against US dollar

Tweet Falling rate: A moneychanger worker showing the ringgit and US dollar notes in Kuala Lumpur recently. The ringgit is still falling versus the greenback. Policy Matters – The riddled ringgit...

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Not wise to sell property or house to shore up ringgit Malaysia

Tweet ON Thursday, at a seminar organised by Malaysia Property Inc, the Employees Provident Fund (EPF) said it would continue to seek “opportunistic” investments abroad.There are various reasons why...

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Chinese yuan extends fall, long-term depreciation unlikely, weakening is not...

Tweet BEIJING, Aug. 12 (Xinhua) — Chinese currency continued to fall on Wednesday after the central bank reformed the exchange rate formation system to better reflect the market. The central parity...

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Property prices will hold as ringgit falls to new low against USD and S$

Tweet PETALING JAYA: The depreciation of the ringgit will not lead to real estate prices crashing. The Malaysian Institute of Estate Agents (MIEA) president Eric Kho said property remained a sound...

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Bitcoin CEO arrest leaves long trail of unanswered questions

Tweet   Tokyo (AFP) – The arrest of MtGox boss Mark Karpeles has begun to shed light on the defunct Bitcoin exchange after hundreds of millions of dollars in virtual currency vanished from its digital...

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