By Chen Lin SINGAPORE (Reuters) – Singapore’s key consumer price gauge rose again in August at its fastest pace in more than 13 years, official data showed on Friday, driving market expectations the central bank will consider another policy tightening move next month. The rise in inflation was mainly due to larger increases in the …
Tightening in focus as Singapore Aug inflation stays elevated Read More »
NEW YORK (Reuters) – Japanese Prime Minister Fumio Kishida said on Thursday that excessive movement in the yen due to speculation cannot be overlooked and that his government would act “with a high level of vigilance” and intervene to support the currency again if necessary. “Should there be any excessive volatility we will take action,” …
Japan PM Kishida says ready to act again to support yen Read More »
SEOUL (Reuters) – South Korea’s producer price pressures eased in August, posting the first monthly fall in nearly two years, central bank data showed on Friday. The producer price index rose 8.4% in August from the same month a year ago, cooling from a 9.2% rise in July and the slowest pace since September 2021, …
S.Korea Aug PPI posts first monthly fall in two years – central bank Read More »
(Updates Trenchev’s estimate for unsecured lending) By Elizabeth Howcroft and Hannah Lang LONDON/WASHINGTON (Reuters) -On May 11, Scott Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part of a $270 million loan. Three Arrows had just taken a …
What crisis? High-stakes crypto lending looks here to stay Read More »
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – The yen spiked higher on Thursday after the Federal Reserve’s strong stance on rates the day before roiled the outlook for bonds and stocks while forcing Japan to intervene in FX markets to support its currency for the first time since 1998. The dollar slid …
Yen spikes after Japan intervention, stocks slump Read More »
By Laura Sanicola (Reuters) -Oil settled nearly 1% higher on Thursday, paring earlier gains as the market focused on Russian oil supply concerns, rebounding Chinese demand, and as the Bank of England hiked interest rates less than some had expected. Brent crude futures settled up 63 cents, or 0.7%, at $90.46 after rising by more …
Oil edges higher on Russian supply concerns in volatile trade Read More »
WASHINGTON (Reuters) – A planned Western price cap on Russian oil is already making a difference, U.S. Treasury Secretary Janet Yellen said on Thursday, noting that Russia was now offering China and India “enormous discounts” while looking for other outlets for its oil. In December, Europe would halt the bulk of its purchases of 3 …
Yellen says Russia offering ‘enormous discounts’ on oil to China, India Read More »
By Xie Yu, Julie Zhu and Selena Li HONG KONG (Reuters) – Beijing has sent a team of regulatory officials to Hong Kong to assist the U.S. audit watchdog with onsite audit inspections involving Chinese companies, four people familiar with the matter said, as part of a landmark deal between the two countries. A China-U.S. …
Exclusive-China sends regulators to Hong Kong to assist U.S. audit inspection -sources Read More »
SYDNEY (Reuters) -Optus, the Australian unit of telecoms firm Singapore Telecommunications, said it was investigating the unauthorised access of customer details including home addresses, driver’s licence and passport numbers, after a cyberattack. Wireless carrier Optus said in a statement on Thursday it had immediately shut down the attack after discovering it, and that payment details …
Optus warns cyberattack may have exposed Australian client details Read More »
By Leika Kihara and Daniel Leussink TOKYO (Reuters) – Japan intervened in the foreign exchange market on Thursday to buy yen for the first time since 1998, in an attempt to shore up the battered currency after the Bank of Japan stuck with ultra-low interest rates. The move, which occurred in late Asia hours, saw …
Japan intervenes to stop yen slide, after BOJ holds rates super low Read More »
