Asia
China inflation suggests more rate hikes likely
Brian Jackson, senior strategist at RBC Capital Markets in Hong Kong, looks at China's policy reaction to worsening inflation
HSBC ahead of the game with EM-to-EM focus
HSBC has maintained its lead in emerging market (EM) currencies by adapting its business to focus on the rise in trade between emerging market economies. But the trend sees EM-focused Standard Chartered hot on its heels.
RBC targets Asian wealth management clients
Royal Bank of Canada (RBC) has acquired Fortis Wealth Management Hong Kong as part of an effort to build up its private banking business in Asia.
Battle of the currencies
Authorities around the globe remain vigilant against hot money
SEB overhauls management structure and preps Asia push
SEB has realigned senior management to focus on key growth areas in Europe, while preparing to open up shop in Hong Kong next year to target Asian institutional investors.
All eyes are on Asia
With all eyes focused on exchange rate policy, this year’s FX Week Asia congress could not be better timed.
Banks announce renminbi product firsts
HONG KONG & DUBAI – HSBC and Standard Chartered announced a number of firsts last week, as they try to take a lead role in the growth of the offshore renminbi market.
Deutsche Börse preps Asian algo macro news
FRANKFURT – Deutsche Börse is preparing to begin beta testing a version of its AlphaFlash feed of low-latency, machine-readable macroeconomic news for use in algorithmic trading applications, tailored to provide data for Asian markets.
Bank of China targets high net worth with FinIQ
Bank of China International Holdings (BOCI) has licensed the FinIQ Structured Products System to support its new private wealth management business, officials said last week.
RBC continues Asia-Pacific build and globalises Fic central bank sales
RBC Capital Markets has hired Glenn Anson as a managing director and global co-head of central bank sales, from Nomura in London.
HSBC completes first US cross-border renminbi trade settlement
NEW YORK - HSBC USA completed its first US cross-border renminbi settlement, following the extension of China’s renminbi trade-settlement pilot programme in June.
Asia-Pacific CVA Forum: Singapore live with CVA, Korea next?
Domestic banks in Singapore are starting to set up CVA desks at the behest of their regulator, but elsewhere in Asia there are significant obstacles to CVA.
DBS outlines ambitions amid competition for Asia business
SINGAPORE - Singapore’s DBS Bank is investing S$250 million into its treasury and markets (T&M) business as part of ambitions to become a leading Asian currency and fixed-income house.
Corinne Neale joins Credit Suisse for Asia foreign exchange client risk advisory
Credit Suisse has added to its Asia foreign exchange risk advisory in line with the bank's strategy to expand forex business in Asia
Global growth slows and assets shift
The hunt for yield is an increasingly important driver of FX, says Callum Henderson, global head of FX research at Standard Chartered in Singapore
Vol drops as BoJ intervention proves successful
TOKYO - Yen volatility dropped sharply as intervention by the Bank of Japan (BoJ) last Wednesday (September 15) proved successful, leaving the dollar/yen range-bound into the end of the week.
StanChart takes Solace for FX data messaging
Standard Chartered has rolled out hardware-based messaging vendor Solace Systems’ 3260 message routers, to provide low-latency data distribution between the bank’s offices to support its new global FX trading platform.
Citi expands investor sales in Asia Pacific
HONG KONG - Citi has made key hires in the Asia Pacific as part of efforts to expand its investor sales coverage.
Société Générale adds three to strengthen flow derivatives and cash equities
Société Générale reinforces Asian cash equity and derivatives businesses with new appointments
Triple hire for Macquarie Private Wealth Asia
Macquarie hires three senior executives to boost its private wealth operation in Asia
Morgan Stanley hires trading head in Asia
David Hong has joined Morgan Stanley as a managing director and head of FX and emerging markets trading for Asia, based in Hong Kong.
JP Morgan slashes commodities desks
Fate of other prop desks unclear ahead of enactment of Volcker Rule
The risks of ongoing imbalances
Pete Luxton, global economic adviser at Informa Global markets in London, looks at the implications of the ongoing external imbalances
Citi appoints Asia ex-Japan strategy chief
Citigroup appointed Patrick Perret-Green as head of FX and local markets strategy for Asia, ex-Japan.