Chester Yung on Muck Rack

Chester Yung

Singapore
As seen in: MSN, Bloomberg News, The Economic Times, The Washington Post, Yahoo News, Yahoo News Hong Kong, Yahoo Singapore, The Wall Street Journal, Yahoo Finance, Fortune and
Hong Kong-based Wall Street Journal reporter; Love Celtic Music, Photography, Painting, Pondering; email me: chester.yung@wsj.com
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Articles

DBS Says Banking Services Disrupted Because of Data Center Issue

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By Chester Yung
| BNN Bloomberg Verified
(Bloomberg) -- DBS Group Holdings Ltd. in Singapore said customers were unable to access banking facilities on Saturday, weeks after the lender encountered delays in processing transactions on its PayNow service. “Our investigations indicate that the service disruption was caused by an issue at a data centre which is also being used by various other organisations,” DBS said on its Facebook page.
Open in Who Shared View Duplicates (2) Issue with article?

Singapore’s deputy PM Wong says China needs grow its influence ‘carefully’

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By Philip Heijmans Verified, Chester Yung
| The Star (Malaysia) Verified
SINGAPORE: China’s attempt to grow its influence shouldn’t come at the expense of other countries feeling pressured or it risks a backlash, according to Singapore Deputy Prime Minister Lawrence Wong. The superpower knows it has to "play its cards carefully,” Wong said during a dialogue session at the Centre for Strategic and International Studies in Washington on Friday.
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香港股市走低之際 港元匯率勢創1985年以來最差月度表現

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By Chester Yung
| MSN Verified
【彭博】-- 港元兌美元勢將創下1985年以來最大單月跌幅，這正值香港利率下降以及中國經濟悲觀情緒令股市承壓。 港元兌美元在8月份下跌0.6%，接近兌換保證區間的弱端。 隨著本地借貸成本下降，交易員賣出港元，買入殖利率更高的美元，這種策略被稱為套息交易。美元1個月期SOFR目前比香港類似利率高出1.6個百分點，是5月份以來最大差距。不到四周前，二者還持平。 美國銀行策略師Cheung Chun Him表示，香港港元銀行同業拆息下降的部分原因，是投資者解除股市的槓桿押注。 Cheung認為當前港元資金水平過寬鬆，反映了與中國內地和香港上市股票相關非常低迷的市場情緒；如果中國政府提出可靠的財政計畫來解決經濟問題，那可能會改善股市人氣，並導致港元資金顯著收緊。 截至周二，香港股市恒生指數本月已下跌8%，為5月以來最差表現。中國政府出台一系列措施來支持內地股市，穩住了跌勢，但外國投資者仍是淨賣家。 推薦閱讀：中國須出台更強有力刺激措施 否則難以說服外資 中國發文規範貨幣經紀公司提供數據服務 要求不得危害國家和金融安全中國英國商會稱中國經濟並未陷入「全面困境」...
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