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  • October 22, 2014
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Results 1 - 10 of 448 for currency crisis

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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. 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. ...

  3. IMF eases stance on currency peg in HK

    Posted Jul 25th 2003, 12:00am by Staff Reporter

    ... Kong's currency peg to the US dollar in the light of changed economic circumstances. Increased international competition and a global economic downturn have led the fund, historically a strong supporter of the fixed exchange rate system, to conclude that a new approach to currency management is warranted. The IMF's view of the peg has changed due to the 'cyclical and structural ...

  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. 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 ...

  6. Goodbye to a year of crisis

    Posted Dec 29th 2003, 12:00am by Laurence Brahm

    ... of fire. Within days of officially assuming power in March, President Hu Jintao and Premier Wen Jiabao faced one crisis after another, domestic as well as international. The first crisis began when ... technology by the military. Iraq presented the new leadership with its first diplomatic crisis, which it skated over with remarkable aplomb. Tugged both ways by the North Atlantic split, China's ...

  7. 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 ...

  8. Central bank warns on exit from stimulus

    Posted Apr 03rd 2010, 12:00am by Denise Tsang

    ... adopted to combat the financial crisis. 'We cannot rule out that the recovery process may reverse due to the exit of expansionary monetary policies,' the People's Bank of China said ... risk for the future.' The central bank report was released as China comes under growing international pressure to let its currency appreciate- something analysts predict is imminent. ...

  9. 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. ...

  10. Yuan policy key to recovery, Wen says

    Posted Mar 15th 2010, 12:00am by Cary Huang

    ... Cary Huang in Beijing Premier Wen Jiabao yesterday rejected criticism that China is keeping its currency undervalued in order to boost exports, saying the stable yuan had contributed ... of engaging in mutual finger-pointing among countries or taking strong measures to force other countries to appreciate their currencies.' He reiterated China's position that it would ...




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