12:03 pm August 1, 2014 | No Comment
Hong Kong’s de facto central bank bought $2.07 billion this week to stop the local currency from strengthening beyond its 31-year-old peg to the greenback.
11:51 am August 1, 2014 | No Comment
Bumi Resources, the most indebted coal producer in Asia, is trying to sweeten its debt-exchange offer, sending a letter to holders of its $375 million bonds ahead of a repayment deadline next week.
11:35 am August 1, 2014 | No Comment
Standard Chartered, the London-based bank that makes most of its money in Asia, drove sales of notes tied to Indonesian government bonds to a record as investors bet incoming president Joko Widodo’s pro-business approach will drive growth.
7:03 pm July 31, 2014 | No Comment
Pacific leaders warned on Thursday that entire island nations will disappear under the waves unless action is taken to address climate change.
7:02 pm July 31, 2014 | No Comment
Mitra Adiperkasa, the country’s largest fashion and lifestyle retailer, reported lower profit in the first half of this year due to a weaker rupiah and rising costs.
6:16 pm July 31, 2014 | No Comment
Thai shares fell to their lowest closing level in almost four weeks on Thursday amid a fall in the local currency and late sell-offs in energy stocks, while the Philippine index erased early gains due to foreign-led selling and before the central bank’s interest rate decision.
6:11 pm July 31, 2014 | No Comment
The Philippine central bank raised its main interest rate on Thursday for the first time in three years to tame price pressures and said its inflation target for next year was at risk, fueling expectations of further tightening ahead.
5:08 pm July 31, 2014 | No Comment
Singapore Exchange said on Thursday its net profit fell 12 percent in the fiscal fourth quarter as a result of its struggling securities business, but said it expects share trading volumes to recover.
4:27 pm July 31, 2014 | No Comment
Londoners are leaving the city for less costly suburban and country homes because they expect mortgage rates to rise and new lending rules to damp prices.
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