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  1. Fall and rise of the renminbi: 'people's currency' rides out downturn to become a global powerhouse

    Posted Sep 25th 2009, 12:00am by Staff Reporter

    ... The currency quarrel between the two governments suddenly calmed when the global financial crisis began. Many market watchers have started to talk about the potential of the renminbi becoming a world currency, because of the stability of the mainland's economy. A series of moves by the central government after the financial crisis only reinforced the talk. They signed currency ...

  2. Tung wins backing of state leaders

    Posted Jul 20th 2003, 12:00am by Ambrose Leung, Josephine Ma

    ... and the economy. 'Mr Tung has worked hard for Hong Kong and the country with a strong sense of mission and responsibility, led the SAR ... to face the shock brought by the Asian currency crisis ... it has absolute confidence in his ability to see Hong Kong through its political crisis. In a powerful show of solidarity, state leaders lined up to meet Mr Tung yesterday and took steps ...

  3. Focus back on currencies after stock turmoil

    Posted Feb 28th 2010, 12:00am by Amanda Lee

    ... dollar, according to Calyon. One currency that is not going to be attractive this year is the euro, as Greece's fiscal crisis remains a major concern, as do Portugal and Spain. Market ... Amanda Lee This year, currency investment is back in favour after last year's stock market turmoil. Central banks are also widely expected to raise rates, further fuelling activity. ...

  4. The price to pay for reserve currency status

    Posted Jun 02nd 2009, 12:00am by Frank Ching

    ... that it would be overtaken by Shanghai. As it is, in the past few weeks, it has become increasingly clear that China has big plans for its currency, even though it is unlikely to replace the US dollar. The arrival of the global financial crisis was an unexpected boon, presenting an opportunity to accelerate the process of China's rise. The way the rest of the world treated China made it clear ...

  5. Adding fuel to the fire in blazing row over the yuan

    Posted Oct 29th 2009, 12:00am by Tom Holland

    ... markets bottomed out in early March and the immediate crisis began to abate, the dollar has weakened by a shade over 14 per cent against a basket of major currencies. As a result, the yuan has ... with Tom Holland The eternally smouldering row over China's currency has flared up once again. With United States President Barack Obama due to make his first official visit ...

  6. China fights climate tariff ahead of G8

    Posted Jul 03rd 2009, 12:00am by Shi Jiangtao

    ... system. The idea of an alternative global reserve currency has been floated by some emerging powers since the global financial crisis hit last year. China first raised the idea in March. Mr He ... Shi Jiangtao and Kristine Kwok in Beijing China has staked out its positions on climate change and the international currency system ahead of next week's Group of Eight summit, ...

  7. Showdown over yuan avoided for now

    Posted Apr 05th 2010, 12:00am by Cary Huang

    ... Cary Huang US Treasury Secretary Timothy Geithner's announcement that a report to Congress on China's currency policy will be delayed suggests that Washington and Beijing ... on the currency policies of major trading partners on April 15. Geithner's statement did not label China a manipulator but included strong language about the country's currency policies. ...

  8. Financial forces righting perceived imbalance in product pricing

    Posted Nov 19th 2004, 12:00am by Jake Van Der Kamp

    ... an index of the Hong Kong dollar's exchange value against the currencies of all the countries, other than the mainland, from which our visitors come. It is weighted by origin of visitor and based on a value of 100 for June 1997, just before the Asian financial crisis caused most Asian currencies to collapse. It clearly shows a sharp appreciation of the Hong Kong dollar during ...

  9. Glass half-full or half-empty, the yuan will still strengthen

    Posted Mar 09th 2010, 12:00am by Tom Holland

    ... China adopted in mid-2008 of holding the yuan rock-steady against the US dollar (see the first chart below) 'part of the package of policies to deal with the global financial crisis ... of timing'. In addition, you would probably point to how Commerce Minister Chen Deming has consistently opposed any notion of yuan appreciation, lest a stronger currency hurt China's export ...

  10. Thailand's new, improved economy?

    Posted Oct 27th 2003, 12:00am by Julian Gearing

    ... suffering.' At the Asia-Pacific Economic Co-operation forum last week in Bangkok, it would be easy to think that the 1997 crash never happened. Remember the crisis? Currency speculators attacked ... their lesson. Many were burned in the crisis. Take petrochemical king Prachai Leophairatana. He learned the hard way that racking up massive short-term foreign currency loans is risky. His Thai ...




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