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US: Russia plans for ‘Ukraine invasion’

Bloomberg The US has shared intelligence including maps with European allies that shows a buildup of Russian troops and artillery to prepare for a rapid, large-scale push into Ukraine from multiple locations if President Vladimir Putin decided to invade, according to people familiar with the conversations. That intelligence has been conveyed to some Nato members over the past week to ...

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China FX panel urges banks to cap speculation as yuan surges

Bloomberg An organisation formed by key participants in China’s currency market urged banks to limit speculative foreign-exchange trading after the yuan climbed to a six-year high versus peers. The China Foreign Exchange Committee (CFEC) — founded under guidance from the central bank — encouraged lenders to be risk-neutral when trading foreign exchange for themselves and for clients, according to people ...

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OCBC mulls setting up crypto exchange: CEO

Bloomberg Overseas-Chinese Banking Corp (OCBC) is considering whether to set up a crypto exchange as Southeast Asia’s second-largest lender seeks to respond to customer needs, Chief Executive Officer Helen Wong said. “We are looking at it and seriously there are some work being done in the bank,” Wong told Haslinda Amin in a Bloomberg Television interview, when asked whether the ...

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