Singapore’s dollar and Thailand’s baht slid the most among Asian currencies on Wednesday, while the Mexican peso hit a two-year low as the dollar surged on projections that Republican Donald Trump had won the US presidential election. The Singapore dollar was last down 1.3 per cent at a three-month low and set for its worst session since August 2015. Thailand’s baht slumped as much as 1.9pc
Donald Trump’s electoral victory has left Mexico bracing for potential trade tensions, tariffs and mass migrant deportations that experts say could pose a major test of relations between the closely connected neighbours. On the eve of the election, Trump vowed to impose tariffs of at least 25 per cent on goods coming from Mexico unless it stops an “onslaught of criminals and drugs.” The Lati
The country’s latest macroeconomic indicators reflect the positive developments that are reshaping its economic foundations in line with benchmarks set by international agencies for better ratings, said Finance Minister Mohammad Aurangzeb on Wednesday. Addressing the eighth edition of ‘The Future Summit’, jointly organised by Unity Foods and Nutshell Conferences Group, he said a stable rupee, i
Singapore’s dollar and Thailand’s baht slid the most among Asian currencies on Wednesday, while the Mexican peso hit a two-year low as the dollar surged on projections that Republican Donald Trump had won the US presidential election. The Singapore dollar was last down 1.3 per cent at a three-month low and set for its worst session since August 2015. Thailand’s baht slumped as much as 1.9pc
Despite a negative opening, the stock market on Tuesday maintained its record-setting spree for the second straight day as a bigger-than-expected cut in the interest rate bolstered investor sentiments, helping the KSE 100 index close above 92,000 for the first time. The KSE-100 index hit an intraday low of 91,536.09, losing 401.91 points and a high of 92,514.30, gaining 576.30. However, the in