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NY Mellon Says Greek Exit May Weaken Asia Currencies

BEIJING--Asian countries should be on guard against currency depreciation in the event of a Greek exit from the euro, Samarjit Shankar, managing director of Foreign Exchange Research at Bank of New York Mellon Corp. (BK) siad Thursday. Speaking to reporters in Beijing, Mr. Shankar predicted that there will be no quick resolution to the euro-zone debt crisis, no matter who prevails in Greece's elections this weekend. China's yuan is likely to remain relatively steady against the dollar for the remainder of the year as the government attempts to support growth. The yuan is likely to trade in a range between 6.2 and 6.4 to the dollar for the remainder of the year, he said. Meanwhile, the U.S. dollar is likely to remain relatively strong, as its safe-haven status will ensure steady capital inflows, and another round of quantitative easing by the Federal Reserve is unlikely given exceptionally low yields on U.S. Treasurys, he said. Write to Grace Zhu at grace.zhu@dowjones.com

Stock News for Bank of N Y (BK)
DateTimeHeadline
07/26/201606:04:12Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
07/25/201618:10:00Fifth Third Chief Legal Officer Out
07/25/201618:10:00BNY Mellon Announces Pricing of Public Offering of $1 Billion...
07/25/201617:56:09Statement of Changes in Beneficial Ownership (4)
07/25/201615:54:00BNY Mellon Named Gold Medal Sponsor of USRowing
07/25/201609:08:00BNY Mellon Announces Public Offering of Depositary Shares Representing...
07/25/201608:40:09Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
07/25/201608:05:00BNY Mellon Selected by BMW Group for its Sponsored Depositary...
07/21/201614:10:00J.P. Morgan Nears Settlement on Asia Hiring
07/21/201608:30:00Bank of New York Mellon Profit Up on Lowered Expenses
07/21/201608:08:00Bank of New York Mellon Profit Up on Lowered Expenses
07/21/201606:47:06Current Report Filing (8-k)
07/21/201606:30:00BNY Mellon Reports Second Quarter Earnings Of $825 Million Or...
07/19/201606:48:00BNY Mellon's Hani Kablawi Named New Head of Investment Services...
07/18/201606:48:00BNY Mellon to Service €2 Billion in Assets for Nomura Asset M...
07/11/201610:45:00BNY Mellon's Pershing CEO Lisa Dolly Named One of "The 50 Most...
07/08/201614:47:29Amended Statement of Ownership (sc 13g/a)
07/07/201612:00:00Funded Status of U.S. Corporate Pensions Falls in June, to 78.1...
07/06/201616:55:20Statement of Changes in Beneficial Ownership (4)
07/06/201616:54:54Statement of Changes in Beneficial Ownership (4)

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