Upward pressure on USD/CNY likely to affect remaining Asian exchange rates, says Commerzbank

Jun 20, 2018 09:09 am UTC| Commentary Economy

An upward pressure on the USD/CNY exchange rate is expected to affect the remaining Asian exchange rates, according to the latest research report from Commerzbank. The Chinese stock market fell sharply yesterday in...

Bank Negara Malaysia likely to maintain OPR at 3.25 pct for rest of this year, says ANZ Research

Jun 20, 2018 08:53 am UTC| Commentary Economy

Bank Negara Malaysia (BNM) is expected to maintain the Overnight Policy Rate (OPR) at 3.25 percent for the rest of this year and the appointment of a new Governor is unlikely to change the central banks reaction function,...

Global Geopolitical Series: U.S. imposes AD on imports of low melt polyester fiber from South Korea and Taiwan

Jun 20, 2018 08:34 am UTC| Commentary Economy

Yesterday, U.S. Commerce Department slapped anti-dumping duty (AD) on imports low melt polyester staple fiber from South Korea and Taiwan as it announced final results of an AD investigation that was initiated by the...

Global Geopolitical Series: U.S. Commerce hails historic self-initiated AD investigations on imports of Aluminum sheet from China

Jun 20, 2018 07:23 am UTC| Commentary Economy

In a statement released yesterday, the U.S. Commerce Department hailed the departments historic decision to self-initiate the anti-dumping (AD) investigations on imports of Alloy Aluminum sheets from China as it concluded...

Global Geopolitical Series: US slaps AD on imports of tapered roller bearing from South Korea

Jun 20, 2018 07:11 am UTC| Commentary Economy

Yesterday, the U.S. Commerce Department slapped anti-dumping duty (AD) on imports of tapered roller bearings from South Korea as it announced final results of an AD investigation that was initiated by the petition filed by...

New Zealand’s current account deficit widens in Q1; business investment seen to slowdown this year: Westpac Research

Jun 20, 2018 07:04 am UTC| Commentary Economy

New Zealands current account deficit widened slightly to 2.8 percent of GDP in the year to March. While this was the largest deficit in two years, it remains low relative to history. The result was in line with...

New Zealand bonds plunge at close despite U.S.-China trade tussle, hopes of tad lower Q1 2018 GDP

Jun 20, 2018 06:34 am UTC| Commentary Economy

New Zealand bonds closed Wednesdays session on a sharply higher note even as the United States counterpart plunged overnight, tracking a trade tussle with China over the imposition of tariffs on aluminium and steel goods....