Currencies

Asian currencies gained ground on Thursday, led by a strong rebound in the South Korean won, as the U.S. dollar weakened amid uncertainty over trade negotiations and the Federal Reserve’s interest rate trajectory. The U.S. Dollar Index dipped 0.2%, extending a week-long slide sparked by soft inflation data and market jitters over U.S. fiscal policy. Analysts at ING noted that while the dollar attempts to recover from April’s sharp drop, concerns over unfunded tax cuts and broader policy risks are likely to limit upside momentum. The South Korean won outperformed...

Reliance Raises 2.9 Billion From 55 Global BanksReliance Industries chairman Mukesh Ambani has secured a dual-currency borrowing of $2.9 billion-equivalent, a Bloomberg report said. This stands as the largest offshore loan raised by an Indian company in over a year. The agreement was signed on May 9. The loan has been divided into two parts: $2.4 billion tranche in US dollars and a 67.7 billion yen (approximately $462 million) tranche in Japanese yen.About 55 banks have joined the syndicated loan facility for Reliance Industries, making it the largest such bank...

The value of the dollar saw fluctuations on Thursday during a week marked by a tariff truce between the U.S. and China. Speculation arose regarding Washington's potential strategy to weaken the dollar, affecting the South Korean won which showed volatility amid discussions between U.S. and South Korean officials.Investors remain uneasy over U.S. dollar policy, potentially supporting Asian currencies in the short term. The South Korean won rose 0.8% against the dollar, bouncing back from previous losses. This movement mirrors Taiwan's currency surge after U.S.-Taiwan trade negotiations.The dollar displayed mixed...

Asian shares and U.S. futures slipped Thursday after U.S. stocks drifted to a mixed close on Wall Street.Oil prices fell more than $1 a barrel. China moved to reverse some of its “non-tariff” measures against the U.S. as agreed with Washington in their temporary trade war cease-fire and most markets traded in a narrow range.Japan’s Nikkei 225 index dropped 1.1%, however, to 37,705.74. Computer chip-related stocks were among the biggest decliners, with Disco Corp. falling 2.6% and Advantest down 1.8%. Hong Kong’s Hang Seng was the outlier, picking up 0.2%...

This content was published on May 15, 2025 - 00:38 (Bloomberg) — Asian equities were poised to open cautiously on Thursday as Wall Street showed signs of exhaustion following a surge for risk assets sparked by US-China trade talks.Asian equity futures for Japan and Australia fell while those for mainland China and Hong Kong rose. A gauge of US-listed Chinese companies climbed 1.2% on Wednesday. The S&P 500 rose 0.1%, while the Nasdaq 100 gained 0.5%, helped along by an advance for Nvidia Corp that wiped 2025 losses for the...

Enterprise payments are being redefined as digital commerce grows and customer expectations rise. Beyond speed and convenience, the focus is now on resilience, adaptability, and smart infrastructure. Let’s explore the innovations driving this shift, the technologies behind them, and the strategies businesses need to stay competitive in today’s fintech landscape. Enterprise Payments: The Foundation of Modern Commerce Enterprise payments refer to systems, platforms, and processes that large organisations use to manage high-volume, high-value transactions. Unlike consumer-facing solutions, enterprise payment systems must operate with precision, security, and scale, often supporting multiple...

New Delhi, May 14 (PTI) A special NIA court in Mumbai on Wednesday sentenced a key accused in a fake currency case at Mumbra in Maharashtra’s Thane district to five years of rigorous imprisonment along with a fine of Rs 10,000. Ishak Khan, the convict, was one of the three accused arrested in the case relating to the recovery of fake Indian currency notes (FICNs) of face value of Rs 82,000 in the denomination of Rs 500 in 2019, a statement issued by the National Investigation Agency (NIA) said. The...

14 May 2025 17:55 Central banks of Russia, Egypt expected to discuss raising share of nat'l currencies in settlements in near future - Russian trade minister MOSCOW. May 14 (Interfax) - Russia and Egypt are currently discussing expanding utilizing national currencies in cross-border settlements, with around 40% of the countries' mutual settlements currently rendered in currencies other than the dollar and euro, Russia's Industry and Trade Minister Anton Alikhanov said regarding the results of the meeting of the Russia-Egypt commission on trade, economic, scientific and technical cooperation. "We discussed many...

Daedo Kim and Jaehyun Eom  |  BloombergThe dollar erased this week’s gains on fresh speculation President Donald Trump favors a weaker greenback and will prod other governments to let their currencies rise in return for trade deals with the US.The US currency extended an earlier decline on Wednesday after a Bloomberg News report that South Korea and US officials discussed exchange rate policies at a May 5 meeting in Milan and will continue to do so.The won rose nearly 2% and the Japanese yen also climbed, helping to push the...

After months of volatility and uncertainty in the crypto market, it's time to get back to the basics. Instead of chasing losses or doubling down on underperforming investments, it's time to focus on the best-in-class cryptocurrencies capable of powering your portfolio to a winning year in 2025. With that in mind, here's a list of five cryptocurrencies you can safely offload as you spring clean your portfolio. Dogecoin and Shiba Inu Let's start with any speculative meme coin investments you might still have in your portfolio, such as Dogecoin (DOGE...