Pacific Andes, once the world's biggest fish filleter, suspected by New York bankruptcy trustee of using cash raised to buy fish to fund $800 million takeover. The group denies the claim.
Malaysia’s PM promises to deliver some ‘liberalisation’ in the domestic FX market in the future, months after the country banned the offshore NDF market. But the lack of detail is disappointing.
*China opens interbank money market to foreign FIs
*OECD finalising BEPS multilateral instrument
*PBoC appoints RMB clearing banks in US, Russia
*China begins direct trading of RMB, Saudi riyal and UAE dirham
* Singapore promotes electronic payments
* RBI to alter corporate bond market regulations
* Indonesia launches portal to raise awareness of unregistered companies