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The Chinese yuan's limited offshore supply is posing operational challenges for United Overseas Bank Ltd., as more regional economies conduct trades and payments in the currency, according to an executive at the Singapore bank....
Singapore's foreign-exchange market expanded this year, doubling in size over the past four years and widening its lead over Hong Kong, as activity rebounded after the Covid-19 pandemic and demand for hedging climbed amid heightened geopolitical tensions.
Average daily turnover reached a record US$1.273 trillion in April, according to a semi-annual survey published by the Singapore Foreign Exchange Market Committee on Tuesday. Volume jumped 12 per cent from October 2024, and doubled from April......
Experts agreed that Singapore's currency holds potential to gradually acquire the status equivalent to that of the Swiss franc if not the yen or the greenback....
Three senior executives have left Mizuho Financial Group Inc.'s foreign-exchange and rates trading teams in Singapore and London, according to people familiar with the matter....
SINGAPUR (dpa-AFX) - Im reichen Stadtstaat Singapur hat die konservative Volksaktionspartei PAP wie erwartet die Parlamentswahl klar gewonnen. Sie erzielte am Samstag eine überragende Mehrheit von 87 Sitzen im 97-köpfigen Parlament, wie am späten Abend ......
South Korea, Singapore and China's currencies are likely to be the biggest Asian beneficiaries as central banks look to diversify their reserves away from the dollar, according to Goldman Sachs Group Inc....
Singapore's central bank is expected to ease monetary policy settings further, days after US President Donald Trump unleashed the steepest tariffs in a century, threatening to disrupt global trade and sparking risk of retaliation....
EMERGING MARKETS-Asian currencies rise amid regional stability; Singapore stocks hit 17-yr high S.Korean won stable after brief martial law Philippine peso hits more than 1-month high Malaysian ringgit hits over 3-week high Singapore stocks soar to 17-year peak Updates for afternoon trade By Roushni Nair and Sherin Sunny Dec 5 (Reuters) - Asian c urrencies rose on Thursday, l ed by the Malaysian ringgit and Indonesian rupiah, as South Korean won stabilized after a brief martial law scare earlier...