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  • April 18, 2014
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Results 1 - 10 of 453 for currency crisis

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  1. Business - Banking & Finance - SECURITY

    Xi Jinping's security commission to also tackle financial industry

    Posted Jan 28th 2014, 04:30am by George Chen, Teddy Ng

    ... banking system, rocking the stock market and affecting local investors' confidence in the mainland's economic development. Another case involved the virtual currency bitcoin, in which ...

  2. Business - Companies - LISTINGS

    Meilan plans dual-currency IPO in Hong Kong

    Posted Aug 14th 2012, 12:00am by Enoch Yiu

    ... Meilan plans dual-currency IPO Meilan International Holdings, a mainland chemical producer, may become the first company to raise both yuan and Hong Kong dollars with a planned dual-currency ... Previously, companies including jewellery retailer Chow Tai Fook Jewellery had initially planned dual-currency IPOs but eventually chose to list in Hong Kong dollars only due to the complications ...

  3. Lenders face 20b yuan forex hit

    Posted Apr 04th 2008, 12:00am by Staff Reporter

    ... foreign exchange totalling about US$40 billion last year, the 21st Century Business Herald said in the report. In the absence of currency hedging tools, a conservative estimate of a 7.5 per cent ... currency risk due to the lack of futures for the yuan. The market for swaps and forwards also is underdeveloped. Bank of China, the country's biggest foreign exchange lender, had US$4.1 ...

  4. Business - Money - MARKET DISTORTIONS

    Investing for abnormal times

    Posted Nov 12th 2012, 12:00am by Satyajit Das

    ... some foreign exchange exposure, loose monetary policies affect investment value through the effects on the currency. The US Federal Reserve policies are designed to devalue the dollar to cut the value of outstanding debt in that currency and improve export competitiveness. With all developed countries competing to weaken their currencies, the impact of foreign exchange fluctuations ...

  5. Bracing for the euro fallout

    Posted Jun 17th 2012, 12:00am

    ... is turning up the heat on Chinese industries and government officials as they brace for economic fallout that could dwarf that of the 2008 global financial crisis. Today's poll in Greece could ... euro zone. Despite reassurances from European Union officials that the single currency will remain intact, political leaders have failed to agree on their own financial and fiscal ...

  6. Plough profits into growth, not punts

    Posted Aug 30th 2007, 12:00am by Staff Reporter

    ... of gains from currency appreciation. Not all economists agree that the economy is overheating, given the present stage of the mainland's economic development. Nonetheless, the situation ...

  7. Currency market offers continuous opportunities

    Posted Mar 30th 2010, 12:00am by Staff Reporter

    ... in a traditional investment portfolio. It is also a highly liquid market- open 24 hours a day, six days a week- and coupled with the fact that investors always trade one currency against another, ...

  8. Lenders book 6.8b yuan in forex losses as currency appreciates

    Posted May 07th 2008, 12:00am by Staff Reporter

    ... per cent this year after a 6.9 per cent gain last year. Mainland banks usually find it difficult to hedge against currency risks due to the lack of futures for the yuan. The markets for swaps ... The exchange loss was mainly due to huge sums of foreign currency yet to be converted back into yuan by the central bank, the mainland's National Business Daily quoted an ICBC official as saying ...

  9. Greek euro exit fears rattle stock markets

    Posted May 15th 2012, 12:00am

    ... May Chan may.chan@scmp.com Stock markets went into reverse yesterday as the euro-zone crisis showed signs of escalating amid fears of a Greek exit, or 'Grexit', from the currency ... and the rest of Asia would continue to feel the squeeze from slowing exports because of the euro-zone crisis. Asian countries like India, South Korea, Thailand and Malaysia would also be vulnerable ...

  10. Greenback weakness sparks sell-off in stocks

    Posted Mar 14th 2008, 12:00am by Nick Westra

    ... around investors. Record high oil prices, the worsening subprime lending crisis in the US and rising inflation on the mainland have contributed to the Hang Seng Index losing 19.81 per cent so far ...




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