Majority of economists in survey predicted 25bps rate cut Central bank to ease rules on capital outflows to curb baht The Bank of Thailand cut its benchmark interest rate for the second time in three months and said it will ease rules on outflows to curb the currency’s gains. Five …
Russian President Vladimir Putin is acting on a pledge to shrink the role of the U.S. dollar in international trade. Jean-Claude Juncker, outgoing president of the European Commission, says it’s “absurd” that Europe uses the greenback for 80% of energy importshttps://slinkingtowardretirement.com/files/. chinese president xi jinping has railed against economic “hegemonism.” …
Thailand’s rice industry is enduring one of its most painful periods as a strong baht makes exports uncompetitive, according to one of the sector’s leaders. The nation is on course to lose its position as the world’s second-biggest rice exporter if the situation doesn’t improve, Chookiat Ophaswongse, president of the …
Modern finance requires a lot of trust, and its digital future will demand still more. If, for example, electronic payments are to replace cash, people must be willing to believe that the bits of data traveling among phones, cards, terminals and blockchains actually represent something of value. So, will people …
Current-account surplus, low inflation are bolstering the baht Economy is being hurt because strong baht deters holidaymakers Thailand’s central bankers are finding it tough to stop the baht from surging. The currency advanced as much as 0.3% on Friday to 30.187 per dollar, the strongest level since May 2013. That …
Baht ideal hedge due to its resilience to trade-war shocks Swaps traders are reducing bets on BOT rate cut this week The Thai baht has been the runaway success among Asian currencies this year — surging more than 6% while the U.S.-China trade war has punished peers such as the …
WASHINGTON (AP) — President Donald Trump’s trade conflict with China escalated this week when Beijing let its currency fall to its lowest level against the dollar in 11 years and suspended its purchases of U.S. farm goods — and the Trump administration promptly branded China a “currency manipulator.” Trump’s response …
Baht steady in August even as most Asian currencies slid Nation has record reserves and a current-account surplus The currency that was at the epicenter of the 1997 Asian financial crisis is emerging as the region’s safest bet. The Thai baht has remained little changed during this month’s trade war …
Going digital will bring vast rewards but societies are ill-equipped to deal with the side-effects For the past 3,000 years, when people thought of money they thought of cash. From buying food to settling bar tabs, day-to-day dealings involved creased paper or clinking bits of metal. Over the past decade, however, …
In three centuries, the heresies of two bankers became the basis of our modern economy. hen the Venetian merchant Marco Polo got to China, in the latter part of the thirteenth century, he saw many wonders—gunpowder and coal and eyeglasses and porcelain. One of the things that astonished him most, however, …
July 31 (UPI) — For the first time in U.S. history, $100 bills surpassed $1 bills in circulation volume, according to an International Money Fund report. The report states that the $100 bill officially overtook the $1 bill in circulation in 2017 and the number of $100 bills in circulation has doubled since …
Facebook’s digital currency could become one of the world’s biggest financial entities ANYONE WHO has watched the price of bitcoin bucking and rearing in recent years—or seen Facebook attacked for its handling of private data—might have been surprised to learn that the social-media giant is releasing its own digital currency. …
