Chief Correspondent, Asian FX and money markets
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Sep 7, 2014

This time’s different as Asian markets warm up for Fed rate rises

SINGAPORE (Reuters) – Faced once again with the prospect of rate rises in the United States, investors in Asia are no longer selling and running as in the past, choosing instead to stay in markets like India and South Korea, that are relatively sheltered from global forces.

The two bouts of market turmoil in May 2013 and January this year demonstrated the perils of selling out of markets prematurely and indiscriminately.

Aug 18, 2014

Indonesian markets show strains from fuel subsidies, deficits

SINGAPORE, Aug 18 (Reuters) – It isn’t as worrisome as in
2013, and yet Indonesia’s currency and bond markets are showing
slight signs of investor anxiety over falling export revenues
and the government’s failure to raise prices of subsidised oil.

Prices of Indonesia’s high-yielding bonds have slipped,
investors appear to be buying protection in the currency
forwards, and the stock market has stalled since hitting record
highs after Jakarta governor Joko Widodo, or Jokowi as he is
known, won the presidential election last month.

Aug 18, 2014

Analysis: Promise of more keeps investors hooked on Asia’s frothy markets

SINGAPORE (Reuters) – Calling the top in financial markets is never easy. Asian stock and bond markets may appear frothy at their near-record levels after a multi-year rally, but global investors are still betting on a mix of healthy returns and history to juice up their profits.

Six years since the global financial crisis spurred a relentless pursuit of yields, Asian stock markets are at record highs, bond yields have tumbled to pre-crisis lows and companies are raising huge amounts of cheap equity and debt.

Aug 18, 2014

Promise of more keeps investors hooked on Asia’s frothy markets

SINGAPORE, Aug 18 (Reuters) – Calling the top in financial
markets is never easy. Asian stock and bond markets may appear
frothy at their near-record levels after a multi-year rally, but
global investors are still betting on a mix of healthy returns
and history to juice up their profits.

Six years since the global financial crisis spurred a
relentless pursuit of yields, Asian stock markets are at record
highs, bond yields have tumbled to pre-crisis lows and companies
are raising huge amounts of cheap equity and debt.

Jun 30, 2014

ANZ considers expanding physical commodity trading – source

SYDNEY/SINGAPORE, June 30 (Reuters) – Australia and New
Zealand Banking Group is considering expanding its
physical commodity trading business as it aims to step into the
gap left by the retreat of big Wall Street and European banks, a
bank source with direct knowledge of the matter said.

Australia’s No.3 lender is set to put a proposal to launch a
physical commodities trading desk to its risk committee and
board in July, the source told Reuters.

Jun 26, 2014

Indonesian markets prepare to be spooked by Prabowo win

SINGAPORE, June 27 (Reuters) – From a falling rupiah to a
slow retreat by foreigners from high-yielding bonds, markets in
Indonesia are showing telltale signs of the volatility and
weakness that could ensue should the presidential election be
won by ex-general Prabowo Subianto.

The 7 percent drop in the rupiah over the past three
months has accompanied a steady narrowing in the lead
frontrunner Joko “Jokowi” Widodo had in opinion polls over
Prabowo. The election is less than two weeks away, on July 9.

Jun 26, 2014

Analysis – It’s Asian bonds, not equities, that are too rich

SINGAPORE (Reuters) – An unusual parallel rally in Asian bonds and equities, powered for the last five years by cheap global funds, could give out soon with debt becoming a casualty of the increasing confidence in the outlook for global growth.

Bonds are now pricing in an extremely bleak economic outlook, making them susceptible to any spike in long-term rates. The rise in equities has been less pronounced, leaving room for further gains as a pick up in global demand boosts corporate earnings.

Jun 26, 2014

It’s Asian bonds, not equities, that are too rich

SINGAPORE (Reuters) – An unusual parallel rally in Asian bonds and equities, powered for the last five years by cheap global funds, could give out soon with debt becoming a casualty of the increasing confidence in the outlook for global growth.

Bonds are now pricing in an extremely bleak economic outlook, making them susceptible to any spike in long-term rates. The rise in equities has been less pronounced, leaving room for further gains as a pick up in global demand boosts corporate earnings.

Jun 12, 2014

Australian regulator ramps up investigation over rate fixing

SYDNEY/SINGAPORE, June 12 (Reuters) – Australian regulators
are ramping up their investigation into the country’s banks over
fixing of the benchmark inter-bank interest rates and
currencies, two sources with direct knowledge of the matter told
Reuters.

The investigation is part of a series of reviews that
Australian Securities and Investment Commission (ASIC) has
undertaken to uncover any misconduct in rates setting by banks.

May 23, 2014

Business as usual for wealthy Thais after “inevitable” coup

SINGAPORE/BANGKOK, May 23 (Reuters) – Many of the wealthy
Thais who come to investment manager Charles Blocker have a
question for the generals who seized control of the country in a
military coup this week: What took you so long?

After months of turmoil and government paralysis, the rich
individuals and companies that Blocker works with welcome
anything that might get the machinery of state turning again.

    • About Vidya

      "Vidya Ranganathan joined Reuters in 1998, prior to which she worked in the dealing room of Societe Generale in Mumbai for 3 years, selling treasury products to customers. Of her 11 years at Reuters, the first 4 years were in Mumbai, where she wrote about the Indian rupee and economics and also worked with the fixed income association in developing some of the benchmarks for the swap market. Vidya moved to Singapore in 2002, and has since been regularly reporting and analyzing Asian non-deliverable forwards and currencies, inflation, interest rates and the whole range of emerging Asian economics."
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