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  • September 22, 2014
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  1. Support for single Asian currency is unrealistic

    Posted Apr 28th 2005, 12:00am by Staff Reporter

    ... Donald Tsang Yam-kuen's support for an Asian single currency is unrealistic ('Single currency would make Asia strong,' Sunday Morning Post, April 24). I doubt that the case for such a currency is 'overwhelming'. His arguments are based on this currency helping intra-Asian trade. This is valid, but surely monetary union is decades away. First, we need free trade ...

  2. Beijing bid to expand HK's yuan business

    Posted May 04th 2009, 12:00am by Cary Huang

    ... to handle yuan business in regard to the mainland's currency-swap deals with foreign nations. The global financial crisis has encouraged mainland officials to speed up the currency programme. ... in a significant move aimed at making the city a yuan offshore centre, sources say. Under a programme to gradually turn the yuan into an international currency, the State Council is studying a proposal ...

  3. US, China envoys meet amid tension over arms

    Posted Oct 12th 2011, 12:00am

    ... to the US currency in the wake of the 2008 global financial crisis. In another issue that had been a persistent irritant in Sino-US ties, the Obama administration recently said it would sell US$5.85 ... Cary Huang in Beijing cary.huang@scmp.com Top diplomats of China and the United States met yesterday amid escalating tensions between the two powers over currency and Washington's ...

  4. Costs in city set to soar

    Posted Mar 26th 2010, 12:00am by Alex Frew Mcmillan

    ... responded rapidly to the financial crisis, with its highest-paying tenants in finance and business services slashing headcount and trying to save on rent by consolidating or relocating. ... into US dollar terms, currency gains in the beleaguered British pound ensured that London didn't get any cheaper for multinationals. In Tokyo, it now costs US$20,960 to put up an employee, ...

  5. Plan sees yuan as a world currency

    Posted Aug 31st 2009, 12:00am by Cary Huang

    ... Cary Huang in Beijing Vice-Premier Wang Qishan has been put in charge of a task force to make the yuan a currency for international trade, an experiment in which Hong Kong is expected ... from the foreign exchange job. It was taken over by Yi Gang, another central bank vice-governor. The reshuffle was designed to enable Ms Hu to concentrate on the ambitious currency programme. ...

  6. Risk growing in maritime dispute, crisis group warns

    Posted Jul 25th 2012, 12:00am by Greg Torode

    ... international study. The latest survey by the non-partisan International Crisis Group examines the role of Southeast Asian claimants in the dispute with China and urges much greater regional efforts ... of Chinese action over Malaysian exploration of disputed areas as evidence that Beijing takes different approaches with different claimants. The crisis group notes divisions over meaningful ways ...

  7. Exclusive insights: Bridging the generation gap and managing mid-life career crisis

    Posted Jun 30th 2012, 12:00am

    ... will be next. Number two, partnership. In lots of projects, you engage them, get their ideas, they take ownership. You have to openly recognise them for what they do well.? Turning crisis to opportunity ... a mid-life employee into crisis mode that, in turn, reflects in his job performance. Employees' behaviour and productivity depends on how they normally cope with stress. The?miserables? deliver ...

  8. Expand your vocabulary

    Posted May 23rd 2006, 12:00am by Staff Reporter

    ... had no plans for a sharp appreciation of the yuan despite the pressure on Beijing to let the currency appreciate. the boot was on the other foot- the situation is now the reverse of what ... of the Chinese currency Explanation: Exercise: Complete the sentences using the above words 1.____________ and England beat France in the soccer match. 2. The US government has called ...

  9. Currency tightrope act a Snow job of the highest order

    Posted Oct 13th 2005, 12:00am by Tom Holland

    ... regime that could formally accuse China of manipulating its currency, opening the way to trade sanctions. He has bought only a little time, however. Last week Charles Schumer, a leading light ... cent, respectively, against the euro and the yen, the two other main components of any basket. If Beijing had been holding its currency steady against a trade-weighted basket, the yuan would ...

  10. Revaluing yuan is in China's own interest

    Posted Feb 09th 2010, 12:00am by Kevin Rafferty

    ... for International Economics (IIE) suggest that China's currency is undervalued by between 25 and 40 per cent. Other economists go as high as 50 per cent, and such studies are promoting increasing congressional murmuring that China should be labelled a 'currency manipulator' when the US Treasury Department reports soon. Not that Beijing is budging. The message that Chinese leaders have ...




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