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  • November 25, 2014
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Results 1 - 10 of 13 for currency crisis

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  1. News - China - FINANCE

    Savers boosting bitcoin demand in China, exchange says

    Posted Nov 15th 2013, 05:26pm by Agence France-Presse in Singapore

    ... created in 2009 in the aftermath of the global financial crisis by an anonymous programmer who wanted a currency independent of any central bank or financial institution. The price of a bitcoin ... Agence France-Presse in Singapore Bitcoins, the unofficial online currency units created as an investment instrument independant of banks, are booming on the mainland A co-founder ...

    http://www.scmp.com/news/china/article/1356753/savers-boosting-bitcoin-demand-china-exchange-says
  2. Business - Banking & Finance - FINANCE

    Asia most at risk since Lehman collapse, says ex-trader

    Posted Sep 14th 2013, 12:00am by NICK EDWARDS

    ... Nick Edwards nick.edwards@scmp.com Trader-turned-author fingers region as most susceptible to crisis amid surge in interbank lending rates, jump in default protection costs Asia most at risk since Lehman Asia will be where the next international financial crisis explodes and stress levels in the region's banking system are already at their highest since the collapse ...

    http://www.scmp.com/business/banking-finance/article/1309385/asia-financial-risk-most-lehman-says-ex-trader-lawrence
  3. Business - Banking & Finance - FINANCE

    Every penny of HK$3 trillion Exchange Fund needed for ‘crises’, says HKMA chief

    Posted Jul 29th 2014, 01:50am by Enoch Yiu

    ... 'vital in a crisis' The head of Hong Kong's de facto central bank has rejected calls from some lawmakers to use part of the city's HK$3 trillion Exchange Fund to pay ... of the fund is kept in highly liquid low-risk assets so it can be deployed to back Hong Kong's monetary base and underpin the currency peg to the US dollar. Most of the rest consists ...

    http://www.scmp.com/business/banking-finance/article/1561450/hands-hk3-trillion-exchange-fund-says-monetary-authority
  4. News - Hong Kong - FINANCE

    SFC launches legal action against Citic to demand compensation for investors

    Posted Sep 11th 2014, 11:17pm by Enoch Yiu

    ... suffered actual losses of HK$807.7 million and HK$14.7 billion in mark-to-market losses from hedging the currency risks of its Australian iron ore mining project. The statement said Citic was aware ... action came a long time after its investigation. But Cheung added: "Luckily, we are happy to see the SFC has helped investors to recoup their losses."   Citic's forex crisis laid ...

    http://www.scmp.com/news/hong-kong/article/1590457/sfc-launches-legal-action-against-citic-demand-compensation-investors
  5. Lifestyle - Books - FINANCE

    Book review: Saving the Market from Capitalism, by Massimo Amato and Luca Fantacci

    Posted Aug 17th 2014, 08:02am by David Wilson

    ... inflationary pressure. Worse, contrary to popular assumption, China was rocked by the global financial crisis, they say, citing evidence of a slowdown across the BRICS (Brazil, Russia, India, China, South Africa). Despite the scope of the crisis blamed on bankers, little has been done to prevent future meltdowns, they write. Their advice is that, instead of preaching at failed states ...

    http://www.scmp.com/lifestyle/books/article/1574187/book-review-saving-market-capitalism-massimo-amato-and-luca-fantacci
  6. Business - Banking & Finance - FINANCE

    Bitcoin exchange Mt Gox faces questions over US$350m theft

    Posted Feb 25th 2014, 11:56pm by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Mt Gox goes offline amid bankruptcy rumours after huge theft of customers' digital currency, 'which went unnoticed for several years' Bitcoin exchange loses US$350 m The once dominant virtual currency exchange Mt Gox, now a shadow of its former self, was keeping silent over the theft and mismanagement of US$350 million worth of bitcoins ...

    http://www.scmp.com/business/banking-finance/article/1435336/bitcoin-exchange-mt-gox-faces-questions-over-us350m-theft
  7. Business - Money - FINANCE

    China's bulging forex reserve raises alarm of speculative fund influx

    Posted Jan 22nd 2014, 11:25am by Chris Oliver

    ... negative, was also reworked. Lai says he assigned a deficit of $86 billion for the half-year period. Smaller adjustments include a US$30 billion valuation gain to account for currency fluctuations ... growth picks up around mid-summer, or about the same time that China underwent an interbank lending crisis. That shows, according to Lai, China been sucking up funds from offshore as its own ...

    http://www.scmp.com/business/money/markets-investing/article/1410967/chinas-bulging-forex-reserve-raises-alarm
  8. Business - China Business - FINANCE

    Japan on course to replace China as top US creditor

    Posted Oct 17th 2012, 12:00am by Bloomberg

    ... place as the United States' biggest creditor for the first time since the height of the financial crisis, blunting one of Mitt Romney's favoured attacks in the presidential campaign. ... on pace to top the list of foreign creditors by next month. While Romney promises to label China a currency manipulator if he wins the election and says US President Barack Obama has been too ...

    http://www.scmp.com/business/china-business/article/1062787/japan-course-replace-china-top-us-creditor
  9. News - China - FINANCE

    More convertible yuan next goal, China's central bank chief says

    Posted Nov 18th 2012, 12:00am by BLOOM

    ... reliance on the currency of the world's biggest economy. Zhou, who has headed China's central bank for the past decade, was not named to the new central committee of the Communist Party ... slowdown that started in 2010. Zhou said the pilot scheme was hindered partly by the euro-zone debt crisis as the local economy was heavily reliant on exports to European markets. China had ...

    http://www.scmp.com/news/china/article/1085042/more-convertible-yuan-next-goal-chinas-central-bank-chief-says
  10. News - Hong Kong - FINANCE

    Hong Kong property cooling measures won’t ease ‘until US interest rates rise’

    Posted May 19th 2014, 11:43pm by NICK EDWARDS AND ENOCH YIU

    ... into the city's property market after the cost of funding in US dollars- to which Hong Kong's currency is pegged- fell to zero in 2009. Average home prices across the city have risen 125 per cent ... recovery from the massive downturn that followed the 2008-09 global financial crisis. Meanwhile, investors awaiting the arrival of the Hong Kong-Shanghai "through train" scheme to allow ...

    http://www.scmp.com/news/hong-kong/article/1515911/us-interest-rate-rises-big-factor-when-relax-property-market-curbs

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