Much ado about currencies

A stronger currency suits Beijing's global ambitions, but threatens exporters. Economists warn the PBOC's latest intervention reveals a delicate balancing act.

Deutsche Bank is the latest firm to join Loco Singapore, Singapore’s over-the-counter gold clearing system, which will be ready by the end of 2026, with interbank trading being developed next year.

Vikas Arora is returning to the country with the German lender to replace Dino Siason.

Rahul Badhwar will start as senior country officer in July in Mumbai.

Bhavin Shukla will become managing director, head of infrastructure investment banking, Japan Asia North and Australia & Asia South, at the US bank.

Citi Commercial Bank in India has appointed Kannan as head of digital, technology, communication, business & professional services and industrials; he will join in December and has worked at JP Morgan for over 15 years.