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☆ Iron ore prices are reflecting 'slightly bearish' economic sentiment in China: SGX Group
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIron ore prices are reflecting 'slightly bearish' economic sentiment in China: SGX GroupWilliam Chin, head of commodities at SGX Group, says the "superpower appeal of iron ore is that it's so ubiquitous."

Persons: William Chin Organizations: SGX Locations: China

☆ SGX discusses what's next after reaching its target of $100 billion in average daily volume
▼ + stars: | 2024-02-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSGX discusses what's next after reaching its target of $100 billion in average daily volumeLoh Boon Chye of SGX Group discusses its growth outlook for 2024.

Persons: SGX, what's, Loh Boon Organizations: SGX Group

[1/3] Richard Teng, head of the Middle East and North Africa for crypto firm Binance gestures as he speaks during an interview with Reuters in Dubai, United Arab Emirates, March 30, 2022. Teng faces an especially tough task in transforming the culture of Binance, four of the people said. Still, leading a cultural shift at Binance - a firm shaped by Zhao in his own image - would be "hugely difficult," she said. For years it dominated the crypto market, but this year has rapidly lost market share. Last month it controlled 32% of crypto spot and 50% of derivatives trading, according to crypto firm CCData, down from 55% and 62% respectively in January.

Persons: Richard Teng, Abdel Hadi Ramahi, Teng, Changpeng Zhao, Janet Yellen, Binance, Carol Alexander, Zhao, Yi He, Binance's, Simon Matthews, Richard, Matthews, FinCEN, John Reed Stark, Rajeev Bamra, OKX, Joseph Edwards, Tom Wilson, Elizabeth Howcroft, Elisa Martinuzzi, Louise Heavens Organizations: Reuters, United Arab Emirates, REUTERS, U.S . Securities, Exchange Commission, SEC, U.S, Treasury, University of Sussex, Investors, Treasury's, Internet Enforcement, Singapore, Abu, Abu Dhabi Global, Singapore Exchange, Moody's Investors Service, Securities, Thomson Locations: East, North Africa, Dubai, United Arab, U.S, Abu Dhabi, France, Seychelles, London

☆ SGX strategist discusses Singapore bank earnings
▼ + stars: | 2023-11-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSGX strategist discusses Singapore bank earningsGeoff Howie, markets strategist at Singapore Exchange, attributes "record numbers" in part to increased wealth management activity.

Persons: Geoff Howie Organizations: Singapore Exchange Locations: Singapore

☆ SGX CEO explains how transition bonds help companies meet their net-zero goals
▼ + stars: | 2023-11-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSGX CEO explains how transition bonds help companies meet their net-zero goalsLoh Boon Chye, CEO of the Singapore Exchange, discusses the role that exchanges play in transition financing.

Persons: Loh Boon Chye Organizations: Singapore Exchange Locations: Singapore

A stacker unloads iron ore onto a pile at a mine located in the Pilbara region of Western Australia December 2, 2013. China iron ore imports vs SGX priceIMPORTS SLIPThere are also signs that China's iron ore imports may soften in October, although that is most likely related to the week-long holidays at the start of the month. The last official reading on iron ore imports was August's customs figure of 106.42 million metric tons, which was the highest monthly total since October 2020. A further possible concern for iron ore imports is what policy China will adopt regarding steel production for the coming winter period. One possible bullish factor for iron ore is the continuing retreat of China's port inventories, which suggests scope to import more to boost stockpiles.

Persons: David Gray, doesn't, SteelHome, Sonali Paul Organizations: REUTERS, Rights, China, HK, Garden, JPMorgan, Reuters, Thomson Locations: Pilbara, Western Australia, Rights LAUNCESTON, Australia, Beijing, Singapore, China's, China

☆ Once dubbed a 'zombie' index, this Asian stock market is trying European-style trading to reinvent itself
▼ + stars: | 2023-09-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +5 min

Structured certificates are financial instruments issued by a third party, that are based on underlying assets — their returns depend on the performance of the asset, which can be a single stock or an equity index. Singapore began offering listed structured certificates on Aug. 30, with its inaugural issue being one linked to Hong Kong-listed shares of Chinese tech giant Alibaba Group Holding . "So tech names, Hong Kong names, U.S. names, Japanese names. SGX's move to broaden its equity-linked product base "could drive incremental market interest," including offering depository receipts and structured certificates, Wickramasinghe told CNBC. Structured certificates are more more popular in Europe, as investors there are "broadly speaking, very yield focused," Syn told CNBC.

Persons: Roslan RAHMAN, ROSLAN RAHMAN, Roslan Rahman, Thilan Wickramasinghe, Michael Syn, CNBC's, Serene Cai, Tharman, Wickramasinghe, Syn, Adam Reynolds, Reynolds Organizations: Getty, Afp, Singapore Exchange, CNBC, Inside Venture, Saxo Markets Locations: Singapore, AFP, Asia, Hong Kong, SGX, Pacific, Europe

☆ Singapore Exchange equities head explains why it's the first in Asia to list structured certificates
▼ + stars: | 2023-08-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSingapore Exchange equities head explains why it's the first in Asia to list structured certificatesMichael Syn, head of equities at SGX, discusses the launch of structured certificates, which will be listed and available for trading from Aug. 30.

Persons: Michael Syn Organizations: Singapore Exchange Locations: Asia

☆ SGX's strength is its ability to offer investors exposure to Asia across various asset classes: CFO
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSGX's strength is its ability to offer investors exposure to Asia across various asset classes: CFONg Yao Loong, chief financial officer of the Singapore Exchange, discusses the strengths of its "multi-asset platform."

Persons: Ng Yao Loong Organizations: Singapore Exchange Locations: Asia, Singapore

☆ Singapore Exchange revises IPO rules for life science firms
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +1 min

A man wearing a protective face mask walks past the Singapore Exchange (SGX) which stays open during "circuit breaker" measures to curb coronavirus COVID-19) in central business district area in Singapore, April 7, 2020. REUTERS/Edgar Su/File PhotoSINGAPORE, Aug 10 (Reuters) - Singapore Exchange Ltd (SGX) (SGXL.SI) is amending its initial public offering (IPO) rules to clarify that life science companies seeking to list on its mainboard exchange do not need to be revenue-generating. The revision was based on a publication of a Listings Advisory Committee's decision on SGX's life sciences listing framework on Thursday. SGX introduced the life science listing framework in 2009, where it waived certain IPO requirements including profitability and revenue for life science companies. The rules under the life science listing framework were not adjusted to reflect 2012 amendments made to the mainboard listing criteria.

Persons: Edgar Su, SGX, Yantoultra, Jason Neely Organizations: Singapore Exchange, REUTERS, Singapore Exchange Ltd, Thomson Locations: Singapore, SINGAPORE

☆ India lets firms list on Modi's flagship finance hub to draw foreign capital
▼ + stars: | 2023-07-29 | by ( ) www.reuters.com time to read: +1 min

Listed and unlisted companies can list their shares in the International Financial Services Centre (IFSC) housed in the Gujarat International Financial Tech City (GIFT), which is Prime Minister Narendra Modi's flagship project. "I'm pleased to announce that the government has taken a decision to enable direct listing of listed and unlisted companies on the IFSC exchanges," Sitharaman said. Indian companies can currently only list on foreign exchanges through instruments such as depository receipts. The government had announced plans in 2020 to allow firms to have their primary listings on foreign exchanges. The government has said companies can use the IFSC route to access similar benefits of foreign capital.

Persons: Nirmala Sitharaman, Narendra Modi's, I'm, Sitharaman, Manch, Aftab Ahmed, Muralikumar Organizations: International Financial Services, Gujarat International Financial Tech City, Singapore, International Exchange, Thomson Locations: DELHI, India, Gujarat, Singapore, City, New Delhi

☆ Rupee likely higher on dollar decline post Powell's testimony
▼ + stars: | 2023-06-22 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, June 22 (Reuters) - The Indian rupee is expected to rise on Thursday, helped by the dollar's fall despite Federal Reserve Chair Jerome Powell's fairly hawkish comments to U.S. lawmakers. Non-deliverable forwards indicate rupee will open at around 81.94-81.98 to the U.S. dollar compared with 82.0375 in the previous session. The offshore Chinese yuan recovered to 7.1690 to the dollar, having fallen below 7.20 at one point in the previous session. KEY INDICATORS:** One-month non-deliverable rupee forward at 82.03; onshore one-month forward premium at 7 paisa** USD/INR NSE June futures settled on Wednesday at 82.0250** USD/INR forward premium as of Jun. 20** NSDL data shows foreign investors sold a net $46.5mln worth of Indian bonds on Jun.

Persons: Jerome Powell's, Powell, Nimesh Vora, Dhanya Ann Thoppil Organizations: U.S, Fargo Advisors, U.S . Senate, DBS, Brent, Thomson Locations: MUMBAI, Asia

☆ Indian rupee to nudge higher at open, avoiding losses in Asian peers
▼ + stars: | 2023-06-21 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, June 21 (Reuters) - The Indian rupee is likely to open slightly higher to the U.S. dollar on Wednesday, shrugging off a decline in other Asian currencies. Non-deliverable forwards (NDF) indicate the rupee will open at 82.06-82.08, up slightly from 82.1175 in the previous session. The USD/INR NDF has not reacted to another round of losses for the Chinese yuan and the move higher on USD/Asia overall, a forex trader at a private bank said. The offshore Chinese yuan dropped below 7.20 to the dollar, the lowest since November 2022. The offshore Chinese yuan has lost 1% this month to add to the 3% decline in May.

Persons: shrugging, Jerome Powell's, Powell, Nimesh Vora, Sonia Cheema Organizations: U.S, NDF, Korean, U.S . Federal, ANZ, Brent, Thomson Locations: MUMBAI, Asia, U.S

☆ Rupee to rise after dollar's biggest fall in over three months
▼ + stars: | 2023-06-16 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

Non-deliverable forwards indicate the rupee will open at around 81.93-81.96 to the U.S. dollar, compared with its spot close of 82.1750 in the previous session. Meanwhile, the dollar index hit a five-week low on Thursday and saw its worst one-day session since March 13 after a hawkish European Central Bank (ECB) signalled more rate hikes. The rupee should see some appreciation on Friday, which should also benefit from the yuan's move, a trader with foreign bank said. The rupee has gained about 0.35% so far this week, benefiting from likely corporate dollar inflows. 14** NSDL data shows foreign investors sold a net $2.5mln worth of Indian bonds on Jun.

Persons: Srinivas Puni Organizations: U.S . Federal, U.S ., European Central Bank, QuantArt, Brent, Sethuraman NR, Thomson Locations: BENGALURU, Bengaluru

The hope can be seen in the domestic iron ore price, with contracts on the Dalian Commodity Exchange outperforming Singapore futures. There are also some fundamental supports for the iron ore price, most noticeably declining inventories at China's ports. In the same week last year, inventories were at 128.3 million metric tonnes, or 1.6% above the current level. China iron ore imports vs SGX price:SOFT ECONOMIC DATACountering the positive indicators for iron ore demand is a raft of underwhelming economic data that shows China's rebound after ending its strict zero-COVID policy in December has been uneven. The weak data may actually boost iron ore sentiment, as investors will expect further stimulus measures from Beijing.

Persons: SteelHome, Gerry Doyle Organizations: Dalian, Exchange, China Iron and Steel Association, National Bureau of Statistics, Retail, Reuters, Thomson Locations: LAUNCESTON, Australia, China, Beijing, Singapore, Dalian, April's

☆ Indian rupee likely higher, awaits Fed rate decision
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, June 14 (Reuters) - The Indian rupee is expected to open higher on Wednesday after U.S. inflation data reaffirmed views that the Federal Reserve will likely keep interest rates unchanged in June. Non-deliverable forwards indicate the rupee will open at around 82.22-82.24 to the U.S. dollar, compared with 82.3675 in the previous session. Data earlier this month offered a mixed picture of the U.S. labor market, while some Fed officials have called for a pause. Post the CPI data, the odds of a Fed rate hike in June have fallen to 8% from 25% on Tuesday. "We think it will be a hawkish pause as the Fed emphasizes that the hiking cycle might not be done.

Persons: Sonia Cheema Organizations: Federal Reserve, U.S ., CPI, DBS, Nasdaq, Brent, Sethuraman NR, Thomson Locations: BENGALURU, Asia, Bengaluru

☆ Rupee likely higher; awaits pivotal US inflation data, eyes yuan
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, June 13 (Reuters) - The Indian rupee is expected to open slightly higher on Tuesday ahead of key U.S. inflation data, which analysts reckon may prove instrumental in the Federal Reserve's decision on interest rates. Non-deliverable forwards indicate rupee will open at around 82.40 to the U.S. dollar compared with 82.43 in the previous session. India's inflation was positive for the rupee "on the margins" and "now let's see how U.S. data plays out", the trader added. The U.S. inflation data is due later in the day, with economists polled by Reuters projecting a 0.4% on-month increase in the core inflation rate. The dollar index was barely changed at near 103.50 while the 2-year U.S. yield dropped to 4.55%.

Persons: Nimesh Vora, Dhanya Ann Thoppil Organizations: U.S, People's Bank of, Reserve Bank of India, Reuters, ANZ, Brent, Thomson Locations: MUMBAI, People's Bank of China, U.S

☆ Rupee seen higher on dollar slump as data backs Fed rate pause
▼ + stars: | 2023-06-09 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, June 9 (Reuters) - The Indian rupee is poised to open higher on Friday, tracking losses on the dollar after a jump in U.S. jobless claims made it more likely that the Federal Reserve will refrain from raising rates next week. Non-deliverable forwards indicate the rupee will open at around 82.44-82.46 to the U.S. dollar compared with 82.5625 in the previous session. "The data further support market expectation for a pause by the U.S. Fed at its next meeting," OCBC Treasury Research said in a note. The odds of a Fed rate hike at the June 13-14 meeting is now at 1-in-4. 7** NSDL data shows foreign investors bought a net $18.1mln worth of Indian bonds on Jun.

Persons: Nimesh Vora, Nivedita Organizations: Federal, U.S, Reserve Bank of, Fed, Research, Brent, Thomson Locations: MUMBAI, U.S, Asia

☆ Rupee to rise more after dollar's biggest fall in a month
▼ + stars: | 2023-06-02 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, June 2 (Reuters) - The Indian rupee is expected to open higher on Friday after the dollar index saw its worst session in almost a month on upbeat risk and wagers that the U.S. Federal Reserve will not raise rates at the June meeting. Non-deliverable forwards indicate rupee will open at around 82.30-82.32 to the U.S. dollar compared with 82.4050 in the previous session. The rupee on Thursday had its best day in almost two months, led by a surprisingly strong domestic GDP reading. The dollar index on Thursday dropped 0.6% to near 103.50, the worst session since May 3. "A strong jobs reading.. could easily swing things back in favour of a hike," ING Bank said in a note.

Persons: Nimesh Vora, Dhanya Ann Thoppil Organizations: U.S . Federal, U.S, Street Journal, ING Bank, Brent, Thomson Locations: MUMBAI, U.S

☆ Risks on Indian rupee seen on the downside in wake of yuan's plunge
▼ + stars: | 2023-05-31 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, May 31 (Reuters) - The bias on the Indian rupee is seen on the downside in Wednesday's trading session after the Chinese yuan dropped to a fresh six-month low to the U.S. dollar. Non-deliverable forwards indicate the rupee will open slightly weaker than 82.71 in the previous session. "Looking at the yuan, you would have to say a move higher (on USD/INR) is more likely," a spot trader said. Data showed that China's factory activity contracted faster than expected in May on weakening demand, pushing Asian shares and U.S. equity futures lower. 29** NSDL data shows foreign investors sold a net $43.7mln worth of Indian bonds on May.

Persons: Joe Biden, Kevin McCarthy, Nimesh Vora, Sohini Goswami Organizations: U.S ., U.S . Federal Reserve, ANZ, Brent, Thomson Locations: MUMBAI, Hong Kong, China, .

☆ Thailand-Singapore DR Linkage: These are stocks with stories behind them, says SGX
▼ + stars: | 2023-05-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThailand-Singapore DR Linkage: These are stocks with stories behind them, says SGXMichael Syn of the exchange explains why "the challenge we had is actually the human factor."

☆ Indian rupee poised to weaken after central bank pulls 2,000-rupee notes
▼ + stars: | 2023-05-22 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, May 22 (Reuters) - The Indian rupee is expected to open weaker against the U.S. dollar after the central bank said it will withdraw the highest value currency note from circulation. Non-deliverable forwards indicate rupee will open at around 82.80-82.84 to the dollar, compared to 82.66 in the previous session. On Friday, the Reserve Bank of India said it will withdraw its highest denomination 2,000-rupee note from circulation. "Rupee would come under pressure" alongside the fall in the cost of carry (the forward premiums), Goenka said. "Conducting sell/buy swaps (on USD/INR) would address cash dollar shortage and suck out rupee liquidity and could offer respite."

☆ Iron ore and steel have become investable products for clients, says SGX head of commodities
▼ + stars: | 2023-05-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIron ore and steel have become investable products for clients, says SGX head of commoditiesWill Chin, head of commodities at the Singapore Exchange, discusses the factors that have drawn driven investors to commodities.

☆ Indian rupee to resume decline as yuan slides to 7/dollar
▼ + stars: | 2023-05-17 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, May 17 (Reuters) - The Indian rupee is expected to decline on Wednesday after the Chinese yuan dropped to its lowest level this year to the U.S. dollar. Non-deliverable forwards indicate that the rupee will open at around 82.28-82.30 to the U.S. dollar, compared with 82.2050 in the previous session. The offshore yuan, bogged down by the resurgent dollar, dropped below 7 to the dollar for the first time this year. U.S. retail sales rose 0.4% month-on-month in April, with control retail sales up by a robust 0.7%. 15** NSDL data shows foreign investors sold a net $43.2mln worth of Indian bonds on May.

☆ Indian rupee to see more losses on dollar spike and higher U.S. yields
▼ + stars: | 2023-05-15 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, May 15 (Reuters) - The Indian rupee is expected to weaken on Monday, adding to last week's losses, tracking a rally on the dollar index and higher U.S. yields on worries surrounding U.S. inflation. The dollar index climbed 0.6% on Friday to reach its highest level in a month and the two-year U.S. yield was back to nearly 4%. Renewed worries over the inflation outlook in the U.S. pushed yields higher and supported demand for the dollar. "Their assessments of whether recent labour market and inflation data support pausing in June or not will be scrutinised," ANZ said in a note. India's inflation data was "supportive" of the rupee in the medium term, the trader said.

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