• Thursday
  • October 30, 2014
  • Last updated: 7:36pm
Hong Kong




Refine Your Search

Sort by

Search Results

Results 1 - 10 of 2661 for currency crisis

Related topics matching your search

Search results

  1. Beijing helps HK fight crisis

    Posted Dec 20th 2008, 12:00am by Staff Reporter

    ... dollars or US dollars. The People's Bank of China (PBOC) will also sign a currency swap arrangement with the Hong Kong Monetary Authority, a measure that will enable each side to help stabilise the other's currency if necessary. The individual visit scheme for mainlanders has also been freed up, although not by as much as expected. The measures, announced as Premier Wen ...

  2. Experts predict unprecedented crisis for city

    Posted Oct 13th 2008, 12:00am by Joyce Man

    ... the government should weather the global economic crisis. To stabilise the currency's value, the government must have a large amount in foreign currency reserves, Professor So said, adding that Hong ... Joyce Man Hong Kong could be facing an unprecedented economic crisis and should not expect the government's foreign reserves to save it in the long run, speakers on a weekly radio ...

  3. Few Asian economies are as exposed to the crisis as HK

    Posted Oct 11th 2008, 12:00am by Shirley Yam

    ... economy that is more exposed to the global financial crisis, global economic slowdown, unstable US currency regime and the mainland's economic slowdown than Hong Kong. Despite the dive ...

  4. New two-way risk dents enthusiasm for the yuan

    Posted Jun 01st 2012, 12:00am

    ... exchange rates are relative prices: the price of one currency expressed in terms of another. When everyone is convinced that a particular currency is a screaming buy, they often forget to consider the other currency in the pair. We saw this tendency at work towards the end of last year, when everyone was so bullish on the Chinese currency's prospects, they sold Hong Kong and US dollars ...

  5. Five key steps to surviving a crisis

    Posted Jul 08th 2007, 12:00am by Betty Liu

    ... survive layoffs, disease, bankruptcy, while others do not. It is, in other words, a trait crucial to helping you survive a crisis. Crisis is a loosely defined term but the one I- and perhaps any optimist- prefer is 'a decisive turning point'. In economic terms, crisis refers to a sharp downturn in a business cycle, essentially a plunge into recession. In personal terms, it's ...

  6. HKMA chief calls for review of financial stability arrangements

    Posted Jul 04th 2008, 12:00am by Enoch Yiu

    ... Ordinance intervened in the stock market in the 1998 Asian financial crisis. This showed the law has not restricted the financial secretary to carry out his duty. I wonder if it needs more ... the hedge funds attacking the stock market and the currency. Mr Yam said he was not 'suggesting that the existing arrangements are in any way inadequate', although there was room ...

  7. All gain and less pain in letting dollar float free

    Posted Dec 10th 2010, 12:00am by Staff Reporter

    ... value during the 1989 political crisis and the 1997 Asian financial crisis. As the years have passed and people have become used to it, the currency link has become a sacred cow that nobody can ... Lau Nai-keung Ever since the establishment of the currency peg regime in 1984, there have been periodic public debates about when and how this should be changed. After the handover, ...

  8. Who said it?

    Posted Oct 13th 2011, 12:00am

    ... Philippine President Benigno Aquino, reacting to being asked if he had played video games during last year's Manila bus hostage crisis I did see some in the hallway, and all they did was encourage me with what I was doing US Senator Orrin Hatch, on Beijing's lobbyists at Capitol Hill trying to dissuade congressmen against passing the currency bill, which Hatch opposes ...

  9. Core profit down 61pc but Peninsula owner upbeat on expo

    Posted Mar 13th 2010, 12:00am by Celine Sun

    ... as the financial crisis, swine flu and an oversupply of hotel rooms in major cities robbed it of five star corporate and tourism customers, causing underlying net profit to fall 61 per cent to HK$315 ... the end of last year, the hotelier said revenue had not yet returned to pre-financial crisis levels. But the company remains optimistic, said chief executive and managing director Clement Kwok ...

  10. Lai See

    Posted Apr 17th 2012, 12:00am

    ... moaning about the impact on their morale if their bonuses or salaries are cut. They look for somewhere else to work. We well remember in the aftermath of the Asian financial crisis swathes ... through that crisis unscathed- the civil service. It is time we stopped treating Hong Kong's civil servants and their 'morale' as if it was some kind of endangered species that has ...




SCMP.com Account