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Results 1 - 10 of 28 for currency crisis

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  1. News - World - CURRENCY

    Ecuador set to be first country to issue its own digital currency

    Posted Aug 29th 2014, 11:14pm by AP

    ... Ecuador set as its currency in 2000 after a crippling banking crisis. The official in charge of the new currency, Fausto Valencia, said the software was already used in Paraguay by cellphone ... Associated Press in Quito, Ecuador Ecuador to issue its own digital money Ecuador is planning to create the world's first government-issued digital currency, with some analysts saying ...

    http://www.scmp.com/news/world/article/1581896/ecuador-set-be-first-country-issue-its-own-digital-currency
  2. News - World - CURRENCY

    Disney coins prove a money spinner for Pacific nation of Niue

    Posted Oct 14th 2014, 12:04am by AFP

    ... it is unlikely any will be used as currency as the precious metal they contain is worth more than their nominal face value. "It would be the height of financial folly to buy one of these products ... It is not the first time Niue has put characters from popular culture on its currency. It issued Star Wars coins in 2011 and last year released currency with characters from the British science fiction show ...

    http://www.scmp.com/news/world/article/1615804/disney-coins-prove-money-spinner-pacific-nation-niue
  3. Business - Money - CURRENCY

    HKMA in HK$12 billion currency cooling measure

    Posted Dec 12th 2012, 12:00am by PAGGIE LEUNG AND ENOCH YIU

    ... the local currency. Such action is not unprecedented in the city. The authority was obliged to intervene significantly during the global financial crisis that began in 2008 to manage an inflow ... Kong Monetary Authority stepped into the currency market again yesterday to weaken the Hong Kong dollar as the rush of "hot money" continues to flow into the city. The de facto ...

    http://www.scmp.com/business/money/markets-investing/article/1103292/hkma-hk12-billion-currency-cooling-measure
  4. Business - Banking & Finance - CURRENCY

    Euro stops two-year loss on Mario Draghi commitment on debt crisis

    Posted Dec 31st 2012, 12:00am by BLOOM

    ... Bloomberg in New York ECB's pledge on debt crisis lifts shared currency while yen extends loss over stimulus push Euro ends two-year drop on Draghi reassurance The euro halted a two-year losing streak as European Central Bank president Mario Draghi's commitment to backstop the shared currency stymied a debt-contagion threat. In its 14th year, the 17-nation currency ...

    http://www.scmp.com/business/banking-finance/article/1116048/euro-stops-two-year-loss-mario-draghi-commitment-debt
  5. Business - Economy - CURRENCY

    China, Britain central banks agree on currency swap line

    Posted Jun 23rd 2013, 01:22pm by Agence France-Presse in London

    ... Agence France-Presse in London The Bank of England and the People’s Bank of China have signed an agreement to establish a reciprocal, three-year sterling-yuan currency swap line, Britain’s ... the capability to facilitate renminbi liquidity to eligible institutions in the UK.” It is the latest in a string of bilateral currency agreements that China has signed in recent years to promote use ...

    http://www.scmp.com/business/economy/article/1267220/china-britain-central-banks-agree-currency-swap-line
  6. Business - Banking & Finance - CURRENCY

    Yuan gains tipped to run out of puff next year

    Posted Dec 31st 2012, 12:00am by JANE CAI

    ... as appreciation dynamics, including the mainland's export competitiveness, lose steam. The Chinese currency was under the spotlight this year because it depreciated for almost the same number of days ... but the share is widely estimated to have sharply declined to less than 3 per cent this year. China's exports were severely affected by slackening demand amid the European debt crisis this year. ...

    http://www.scmp.com/business/banking-finance/article/1116166/yuan-gains-tipped-run-out-puff-next-year
  7. Business - Banking & Finance - CURRENCY

    China doubles yuan trading range against the US dollar to 2 per cent

    Posted Mar 16th 2014, 05:01am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com Currency will be allowed to move 2pc up or down in further liberalisation move Beijing doubles yuan trade band China's central bank has decided to double the daily trading band for the yuan against the US dollar from tomorrow, marking a step forward in giving the currency more flexibility. The People's Bank of China ...

    http://www.scmp.com/business/banking-finance/article/1449679/china-doubles-yuan-trading-range-against-us-dollar-2-cent
  8. News - China - CURRENCY

    Baidu stops accepting bitcoin payment after government ban

    Posted Dec 08th 2013, 06:27am by BLOOM

    ... Bloomberg Search engine follows central bank's lead in barring currency, causing price plunge Baidu stops bitcoin payment after ban Baidu, China's biggest internet search engine, has stopped accepting bitcoins after the central bank barred financial institutions from handling transactions, triggering a drop in the virtual currency. Bitcoin fell more than 20 per cent ...

    http://www.scmp.com/news/china/article/1375623/baidu-stops-accepting-bitcoin-payment-after-government-ban
  9. News - Hong Kong - CURRENCY

    Bitcoin value makes it worthwhile target for hackers

    Posted Mar 06th 2014, 06:43pm by DANNY LEE

    ... to a software security company. While the virtual currency reels from a US$600,000 heist that forced Canada-based Flexcoin bank to close down this week, Goh Su Gim, from Finnish-based security software firm F-Secure, said Zero Access, a virus of the type known as a "Trojan horse", was a serious threat to the virtual currency. He said the use of malicious viruses in bitcoin thefts ...

    http://www.scmp.com/news/hong-kong/article/1441960/bitcoin-value-makes-it-worthwhile-target-hackers
  10. Business - Banking & Finance - CURRENCY

    Yuan tumbles to 11-month low, with fears it could fall further still

    Posted Mar 19th 2014, 11:52pm by Jeanny Yu

    ... against the greenback, but market players fear the correction is not over yet. In three days of trading since the central bank doubled the trading band for onshore yuan, the currency has fallen ... for the currency, with the yuan to potentially test a new upper trading band of 6.25 against the dollar." The overnight Shanghai Interbank Offered Rate, measuring short-term liquidity ...

    http://www.scmp.com/business/banking-finance/article/1452745/yuan-tumbles-11-month-low-fears-it-could-fall-further-still

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