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26.06.25 - 05:18
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Hong Kong May Need Further FX Intervention, OCBC Bank Says (Bloomberg)
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OCBC Bank's Frances Cheung shares her views on the Hong Kong dollar (HKD) after the city's monetary authority intervened to defend the peg to the US dollar (USD). She tells Bloomberg Television that the amount of local currency the HKMA bought "was actually quite small" and that she suspects "further or additional FX intervention will be needed." (Source: Bloomberg)...
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10.12.24 - 04:49
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Indonesia′s Panin Bank stake sale draws Southeast Asia lenders, sources say (Reuters EN)
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Indonesia's Panin Bank stake sale draws Southeast Asia lenders, sources say SINGAPORE/HONG KONG, Dec 10 (Reuters) - Southeast Asia's second and fifth-largest banks Oversea-Chinese Banking Corp OCBC.SI and CIMB CIMB.KL are vying for a controlling stake in Bank Pan Indonesia (Panin Bank) PNBN.JK , three people with knowledge of the matter said. OCBC and CIMB have submitted non-binding offers for the stake offered by Australian lender ANZ ANZ.AX and Indonesia's Gunawan family, which founded Jakarta...
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10.12.24 - 04:46
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Indonesia′s Panin Bank stake sale draws Southeast Asia lenders, sources say (Reuters EN)
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UPDATE 1-Indonesia's Panin Bank stake sale draws Southeast Asia lenders, sources say OCBC and CIMB have submitted non-binding offers -sources Maybank working with adviser on potential bid -sources Two major Japanese banks are interested buyers -source Adds interest from other bidders, context on Panin bank from paragraphs 4-11 By Yantoultra Ngui and Kane Wu SINGAPORE/HONG KONG, Dec 10 (Reuters) - Southeast Asia's second and fifth-largest banks Oversea-Chinese Banking Corp OCBC.SI and CIMB CIMB.K...
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