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  1. Hot money inflow loses momentum

    Posted May 21st 2010, 12:00am by Enoch Yiu

    ... the Hong Kong dollar and which the HKMA invests in bonds, stocks and local and foreign currencies. The fund reported an investment income of HK$10.8 billion in the first quarter, up slightly on the HK$10 billion of the previous quarter. This compared with a loss of HK$33.5 billion in the first quarter last year when the market was still in the throes of the financial crisis. However, ...

  2. China Green reports profit growth of 26.6pc to meet results deadline

    Posted Aug 31st 2010, 12:00am by Amanda Lee

    ... Analysts at brokerage Oriental Patron Research yesterday said in a report the delay had escalated into a mini-crisis, caused by poor investor communication in a fragile market. A China Green ...

  3. BRICs' currency move sensible strategic goal

    Posted Apr 17th 2010, 12:00am by Staff Reporter

    ... currencies in bilateral trade and investment to cut dependency on the greenback. They are doing so not to challenge the US, but to protect their own interests because of mounting US debts ... yesterday, highlighted the need to restructure the global financial system and to give a greater say to emerging economies. The issue of bilateral trade currencies was not included in the official ...

  4. BRICs look at currency co-operation

    Posted Apr 14th 2010, 12:00am by Cary Huang

    ... the worst economic crisis for decades and ideas for a new glocal reserve currency. The diplomats said if there was consensus on currency co-operation, BRIC ministers would start negotiations ... Cary Huang in Beijing Leaders of the so-called BRIC nations- Brazil, Russia, India and China- will discuss the use of their own currencies in bilateral trade and investment at a two-day ...

  5. Economists cannot agree on revaluing of currency

    Posted Mar 11th 2010, 12:00am by Staff Reporter

    ... as evidence to support their arguments. Zhou cited the policy adopted in mid-2008 of holding the yuan pegged to the US dollar as being part of the package to deal with the global financial crisis ... cent, de-pegging it from the dollar and linking it to a basket of currencies with a limited trading band. It had gained about 20 per cent against the greenback before being the re-pegging. ...

  6. History shows currency devaluation may not be a calamity

    Posted Sep 20th 2010, 12:00am by Michael Pettis

    ... is the only way to protect domestic and monetary fiscal credibility. By leaving the euro and devaluing their national currencies, they claim, the afflicted European economies will simply condemn ... wreaked havoc on the monetary arrangements of the pre-war years, France struggled over the issue of what to do with its currency. Like most belligerents France went off gold during the war. ...

  7. Calls for Asian currency union courting a truly Titanic disaster

    Posted Dec 16th 2010, 12:00am by Tom Holland

    ... at Asia's supranational organisations. Last week, with the euro zone's crisis of confidence raging unabated, the Asian Development Bank called on regional governments to move towards a regional ... or Unescap, said regional economies should consider managing their exchange rates against a common basket of reserve currencies. Unescap says Asia needs 'a currency management system which ...

  8. Focus back on currencies after stock turmoil

    Posted Feb 28th 2010, 12:00am by Amanda Lee

    ... dollar, according to Calyon. One currency that is not going to be attractive this year is the euro, as Greece's fiscal crisis remains a major concern, as do Portugal and Spain. Market ... Amanda Lee This year, currency investment is back in favour after last year's stock market turmoil. Central banks are also widely expected to raise rates, further fuelling activity. ...

  9. N Korea's currency reform backfires

    Posted Mar 09th 2010, 12:00am by Mark O'Neill

    ... Mark O'Neill North Korea's failed attempt to reform its currency has worsened shortages of food and other necessities, devalued its money and made it more reliant on China ... regime is in great danger. The reform has angered the ordinary people, who have hatred in their heart but do not dare to say it. They have lost faith in their currency.' At the end ...

  10. PBOC sets yuan parity rate at 5-year high

    Posted Jun 23rd 2010, 12:00am by Staff Reporter

    ... Jane Cai The People's Bank of China yesterday set the yuan's central parity rate- the centre point of the currency's official trading band- at the highest level against ... by the financial crisis in 2008 when the mainland reverted to a de facto peg with the greenback to minimise the impact. The weekend announcement was widely seen as a move to head off international pressure ...




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