A pedestrians at a bus station in Vientiane, Laos, on Saturday, June 24, 2023. Valeria Mongelli | Bloomberg | Getty Images An alarming debt crisis has unfolded in Laos in recent years, raising worries about the tiny nation’s obligation to its biggest creditor — China. China became the largest foreign investor in Laos in late … Read more
DBS branch in Hong Kong. Budrul Chukrut | SOPA Images, LightRocket | Getty Images Southeast Asia’s largest lender DBS Group reported a 17% jump in third-quarter profit on Monday, benefiting from a high-interest rate environment. During the quarter, net profit rose to 2.63 billion Singaporean dollars ($1.94 billion) compared to SG$2.24 billion a year ago. … Read more
A woman looks at a board showing the rates of dollars and euros against the ruble in front of the exchange office on February 19, 2023, in Moscow, Russia. Russia’s economy is beginning to feel the weight of Western sanctions, following the start of the war against Ukraine. Contributor | Getty Images News | Getty … Read more
Traders work on the floor of the New York Stock Exchange during afternoon trading on September 26, 2023 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything … Read more
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, walks outside the Manhattan federal court in New York City, U.S. March 30, 2023. Amanda Perobelli | Reuters Sam Bankman-Fried does not approve of prosecutors’ request to allow a Ukraine-based FTX customer to testify remotely in the … Read more
This pool picture distributed by Sputnik company exhibits Russian President Vladimir Putin assembly with the Tver area governor on the Kremlin in Moscow on August 9, 2023. Mikhail Klimentyev | AFP | Getty Photographs The Russian ruble slid previous 100 to the U.S. greenback on Monday, nearing a 17-month low as President Vladimir Putin’s financial advisor blamed unfastened financial coverage … Read more
Indonesian President Joko Widodo makes a speech throughout the Affiliation of Southeast Asian Nations (ASEAN) Overseas Minister’s Assembly in Jakarta, Indonesia on July 14, 2023. Murat Gok | Anadolu Company | Getty Photos A brand new regional cross-border fee system not too long ago applied by Southeast Asian nations might deepen monetary integration amongst members, … Read more
The Individuals’s Financial institution of China set the yuan buying and selling mid-point on June 28 at its weakest in eight months. Sheldon Cooper | SOPA Pictures | LightRocket through Getty Pictures High forex officers in Asia are pushing again on bets that despatched their currencies to their lowest in seven months this week, deepening … Read more
Folks strolling subsequent to a Turkish nationwide flag on the historic grand bazaar in Istanbul. Ozan Kose | AFP | Getty Photos The Turkish lira slumped to yet one more all-time low Tuesday, extending its slide after the re-election of incumbent President Recep Tayyip Erdogan. The forex was final buying and selling at 20.29 towards the dollar at round … Read more
A person holding a Turkish flag. Uriel Sinai | Getty Photographs The Turkish lira sank Monday as incumbent Recep Tayyip Erdogan secured his victory within the 2023 presidential election, extending his rule into a 3rd decade in energy. The forex was buying and selling at 19.97 towards the buck as of Monday 4 a.m. London … Read more