Bloomberg Emerging Asia’s top-performing currency in 2019 may find itself dethroned this year by a rival that’s also armed with a strong current-account surplus. Both the Thai baht, which took the regional crown with a 9% gain last year versus the US dollar, and the Taiwanese dollar climbed above the psychologically significant 30-per-dollar level this week. Scotiabank, among the top …

Bloomberg Argentina’s “strict” foreign-exchange regulations will remain in force as the government seeks to stabilise the economy, the Pagina/12 newspaper reported, citing Production Minister Matias Kulfas. Lawmakers last month handed President Alberto Fernandez extraordinary powers to renegotiate debt terms with creditors and increase taxes, marking a victory on his first legislation since taking office last month. “In the current context, …

Bloomberg Two more consortiums said they submitted bids for digital banking licenses in Singapore as companies, ranging from a massage chair maker to a property giant and Chinese fintech firms, joined forces to go for the sought-after permits. Beyond Consortium, led by one of Asia’s largest massage chair makers, V3 Group Ltd and stored-value card company EZ-Link Pte, submitted a …