Latest news with #MUFGBank
Bloomberg
18 hours ago
- Business
- Bloomberg
MUFG's Chen on Transition Finance
Colin Chen, Head, Sustainable Finance, Asia Pacific, Asian Investment Banking Division, MUFG Bank, Ltd discusses how Japan's largest bank incorporates technology and innovation into its transition finance efforts with Bloomberg's Ishika Mookerjee at the 2025 Bloomberg Sustainable Business Summit in Singapore. (Source: Bloomberg)
Yahoo
5 days ago
- Business
- Yahoo
Super Micro (SMCI) Secures $1.79B Receivables Facility to Enhance Liquidity
Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the growth stocks that could double by 2027. On July 16, 2025, SMCI entered into a $1.79 billion Receivables Purchase Agreement with MUFG Bank, Crédit Agricole, and other financial institutions. An engineer in front of a computer screen, reviewing a project-based outsourcing proposal. The uncommitted facility allows Super Micro to sell eligible accounts receivable at discounted rates based on Term SOFR plus 1.15%–2.80%, depending on the debtor. If not treated as a sale, the company grants a security interest in the receivables. The agreement can be terminated with 30 days' notice or immediately in case of a termination event. Super Micro Computer, Inc. (NASDAQ:SMCI) develops advanced server and storage systems optimized for global applications in data centers, artificial intelligence, cloud platforms, and edge computing environments. While we acknowledge the potential of SMCI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Business Times
7 days ago
- Business
- Business Times
Baht falls from highest since 2022 on conflict with Cambodia
[BANGKOK] Thailand's baht fell after touching the highest in more than three years on the escalating conflict with its neighbour Cambodia. The local currency fell 0.3 per cent to 32.29 per US dollar on Thursday (Jul 24) after touching 32.11 earlier, the strongest since February 2022. Stocks slid about 1 per cent. The baht had surged more than 6 per cent this year on growing optimism over trade negotiations, the return of foreign stock inflows and near-record high gold prices. Thai fighter jets hit two Cambodian army posts near their disputed border on Thursday, as troops clashed in multiple locations in an escalation of tensions between the two nations. 'The escalating border conflict is giving investors a reason to book some gains after the Thai baht has appreciated,' said Lloyd Chan, currency strategist at MUFG Bank. The conflict could put a pause in baht's rally this year. Sentiment was boosted earlier after Finance Minister Pichai Chunhavajira said on Tuesday the nation is close to an agreement with the US to lower a threatened 36 per cent tariff on its goods ahead of the Aug 1 deadline, and expects a rate closer in line with regional neighbours. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up The baht's gain is putting pressure on authorities to curb its strength to protect the nation's economic drivers of tourism and exports. 'Bank of Thailand will continue to watch for any excessive volatility,' said Christopher Wong, senior foreign-exchange strategist at OCBC in Singapore. A break of the resistance level at 32 to 32.1 baht per US dollar may add more tailwind to the currency, he said. Thailand's foreign-exchange reserves climbed to a record US$263 billion earlier in July, partly as officials stepped up their intervention to slow the baht's appreciation. Easing tensions between two of Thailand's largest trade partners – the US and China – are also soothing investor worries. Global funds have poured a net US$345 million into Thai equities in July, on track for the first monthly inflow in 10 months. On Wednesday alone, global funds poured in US$139 million into stocks, the largest single-day inflow in 10 months. The baht is also underpinned by near-record high gold prices, given the country's status as a major trading hub for the precious metal in Asia. BLOOMBERG
Bangkok Post
7 days ago
- Business
- Bangkok Post
Baht falls from highest since 2022 on conflict with Cambodia
Thailand's baht fell after touching the highest in more than three years on the escalating conflict with its neighbor Cambodia. The local currency fell 0.3% to 32.29 per US dollar on Thursday after touching 32.11 earlier, the strongest since February 2022. The Stock Exchange of Thailand (SET) index slid about 1%. The baht had surged more than 6% this year on growing optimism over trade negotiations, the return of foreign stock inflows and near-record high gold prices. Thai fighter jets hit two Cambodian army posts near their disputed border on Thursday, as troops clashed in multiple locations in an escalation of tensions between the two nations. 'The escalating border conflict is giving investors a reason to book some gains after the Thai baht has appreciated,' said Lloyd Chan, currency strategist at MUFG Bank. The conflict could put a pause in baht's rally this year. Sentiment was boosted earlier after Finance Minister Pichai Chunhavajira said on Tuesday the nation is close to an agreement with the US to lower a threatened 36% tariff on its goods ahead of the Aug 1 deadline and expects a rate closer in line with regional neighbours. The baht's gain is putting pressure on authorities to curb its strength to protect the nation's economic drivers of tourism and exports. 'Bank of Thailand will continue to watch for any excessive volatility,' said Christopher Wong, senior foreign-exchange strategist at Oversea-Chinese Banking Corporation in Singapore. A break of the resistance level at 32 to 32.1 baht per dollar may add more tailwind to the currency, he said. Thailand's foreign-exchange reserves climbed to a record $263 billion earlier in July, partly as officials stepped up their intervention to slow the baht's appreciation. Easing tensions between two of Thailand's largest trade partners — the United States and China — are also soothing investor worries. Global funds have poured a net $345 million into Thai equities in July, on track for the first monthly inflow in 10 months. On Wednesday alone, global funds poured in $139 million into stocks, the largest single-day inflow in 10 months. The baht is also underpinned by near-record high gold prices, given the country's status as a major trading hub for the precious metal in Asia.
Business Recorder
23-07-2025
- Business
- Business Recorder
Muted open for rupee despite Asia cheer on US-Japan trade pact
MUMBAI: The Indian rupee is expected to open largely unchanged on Wednesday, shrugging off the modest boost to its Asian peers after a U.S.-Japan trade deal fuelled hopes that Washington may strike similar agreements with other countries. The 1-month non-deliverable forward indicated the rupee will open in the 86.35-86.38 range versus the U.S. dollar, compared with 86.3675 on Tuesday. The rupee will 'receive mild help' at open on account of Asia, a currency trader at a Mumbai-based bank said. 'However, dips (on USD/INR) have been bought into quickly and the odds favour a repeat of that,' he said, adding, 'I will definitely not be looking to sell USD/INR currently.' On Tuesday, the rupee briefly recovered to 86.22 before slipping to a one-month low of 86.4125 on likely outflows and hedging. The currency has declined in seven of the last eight sessions, dropping 0.7% so far this month. Shares in Tokyo jumped and U.S. equity futures rose after U.S. President Donald Trump announced a trade deal with Japan, lowering proposed tariffs on Japanese imports to 15% from 25%. The agreement lifted the yen and other Asian currencies. The U.S.-Japan deal comes just days ahead of the August 1 deadline set by Trump for finalising trade agreements or face steep tariffs. The scheduled rollout of the reciprocal tariff on 1 August 'looms large', MUFG Bank said in a note. 'In the absence of new US trade deals, there's a risk that tariff levels could revert to the steeper rates announced during Liberation Day in April. This uncertainty is weighing on the U.S. dollar.' On Tuesday, Trump announced a new 19% tariff on goods from the Philippines, just below the 20% rate he had previously threatened to impose. India, meanwhile, has yet to reach a trade agreement with the United States and the prospects of an interim trade deal before the August 1 deadline have dimmed.
