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Currencies

Indian thief performs wai before fleeing with 93,000 baht

An Indian man robbed nearly 100,000 baht from a currency exchange shop in the Bangrak district of Bangkok on Monday and performed a wai before fleeing the scene. He was ultimately arrested yesterday, May 27. Officers from Bangrak Police Station received complaints from two currency exchange shops in the area: X-ONE Currency Exchange Centre on Surawong Road and WISE Exchange on Silom Road. A foreign man, whose nationality was initially unknown, approached staff at both locations, threatened them with a gun, and demanded money. The suspect failed to steal money...
Currencies

EMERGING MARKETS-Asian currencies retreat after bonds rally; US fiscal, trade concerns persist

* Malaysian ringgit falls 0.3% after reaching 3-week high * Thai baht weakens 0.4% * Thailand equities at 1-month low (Updates for afternoon trade) By Himanshi Akhand May 27 (Reuters) - Asian currencies reversed course to trade lower on Tuesday as a rally in global bonds whipsawed markets that remained concerned about U.S. fiscal health and President Donald Trump's erratic trade policies. The Malaysian ringgit fell 0.3% against a stronger dollaer after reaching a three-week high earlier in the session. The Singaporean dollar, Indonesian rupiah, and the Indian rupee weakened...
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