Chief Correspondent, Asian FX and money markets
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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.

Apr 23, 2014

China shares down, Aussie drops after inflation data

SINGAPORE, April 23 (Reuters) – China’s stock markets fell
again on Wednesday after a survey showed manufacturing activity
in the world’s second-biggest economy was still contracting in
April, while the Australian dollar tumbled to a two-week low
after data showed surprisingly low inflation.

Overall, however, trading across most asset markets in Asia
remained surprisingly subdued, with MSCI’s broadest index of
Asia-Pacific shares outside Japan showing little
movement.

Apr 23, 2014

China PMI as predicted, Aussie drops after data

SYDNEY/SINGAPORE (Reuters) – Asian stock markets were little moved on Wednesday after a Chinese manufacturing survey met expectations, but the Australian dollar plunged to a two-week low after data showed surprisingly low inflation in that country’s economy.

Investors hoping that the Chinese HSBC manufacturing PMI data for April would show some stabilization in the slowing economy were relieved when the survey came in at 48.3, still in contractionary territory but slightly above the March number.

Apr 23, 2014

Asian stocks flat after China PMI meets expectations

SYDNEY/SINGAPORE (Reuters) – Asian stock markets were little moved on Wednesday after a Chinese manufacturing survey met expectations, but the Australian dollar plunged to a two-week low after data showed surprisingly low inflation in that country’s economy.

Investors hoping that the Chinese HSBC manufacturing PMI data for April would show some stabilisation in the slowing economy were relieved when the survey came in at 48.3, still in contractionary territory but slightly above the March number.

Apr 23, 2014

China PMI as predicted, Aussie drops after inflation data

SYDNEY/SINGAPORE (Reuters) – Asian stock markets were little moved on Wednesday after a Chinese manufacturing survey met expectations, but the Australian dollar plunged to a two-week low after data showed surprisingly low inflation in that country’s economy.

Investors hoping that the Chinese HSBC manufacturing PMI data for April would show some stabilization in the slowing economy were relieved when the survey came in at 48.3, still in contractionary territory but slightly above the March number.

    • 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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