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Results 1 - 6 of 6 for currency crisis

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  1. 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
  2. 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
  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

    A rate too fast

    Posted Jul 04th 2013, 12:00am by Reuters

    ... The resulting turmoil, which rippled across financial markets, sending emerging market equities and currencies reeling, was reminiscent of the onset of the global financial crisis in 2008, when money ... rates to soar. "Banking institutions may take on excess risk under the pressure of narrowing interest spreads. This could trigger a financial crisis." Some market watchers take a more ...

    http://www.scmp.com/business/banking-finance/article/1274917/rate-too-fast
  5. 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
  6. Business - Money - CURRENCY

    Inflation, trade drive yuan to 19-year US$ high

    Posted Jan 12th 2013, 12:00am by JANE CAI

    ... strengthened to less than 6.22 against the US dollar yesterday for the first time in 19 years, as bullish sentiment was boosted by mainland inflation and trade data. The currency touched 6.2155 against ... cent in November, raising the need for currency appreciation to ease inflation, traders said. Trade data for last month surprised on the upside by a big margin when it was released on Thursday, ...

    http://www.scmp.com/business/money/article/1125919/inflation-trade-drive-yuan-19-year-us-high

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