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  • November 27, 2014
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  1. News - World - SYRIA

    Syrians forced to sell heirlooms just to survive

    Posted Nov 13th 2012, 12:00am by Agence France-Presse in Damascus

    ... Agence France-Presse in Damascus Price of gold soars in Damascus as people lose their faith in the national currency and seek ways to protect their declining wealth Syrians forced to sell ... to stable prices and currency, Syrians have seen rampant inflation reduce their purchasing power by a third since the revolt against the regime of President Bashar al-Assad broke out in March last ...

  2. Currency woes spark fears of 'reverse crisis'

    Posted Nov 14th 2004, 12:00am by Chris Oliver

    ... Weakness of dollar appears to have the blessing of US, analyst tells Chris Oliver Disarray in the currency markets has sparked talk of a reverse Asian financial crisis, as chronic US ... single currency, the euro, rose to a record high against the dollar despite a strong United States jobs report that showed robust employment gains, according to Morgan Stanley's global head ...

  3. Return investment gains to the people

    Posted Nov 07th 2010, 12:00am by Philip Bowring

    ... the determination to stick with the US dollar peg, it is no one's fault that the value of HK-dollar denominated assets has been falling fast in terms of other currencies. But it is obvious ... it, and could have been invested in a mix of assets and currencies. But squirrelled away in the Exchange Fund, the fiscal reserves have risen very little over the past decade - from HK$417 ...

  4. Little HK can do to slow inflows of hot money

    Posted Oct 26th 2009, 12:00am by Tom Holland

    ... And Thailand's attempts to control inflows in 2006 and 2007 were a dismal failure. But Asian governments may see capital controls as a more attractive option than letting local currencies rise on the tide of inflows. Currency appreciation might draw even more hot money from investors looking to capture foreign exchange gains, exacerbating the original problem. And Asian governments ...

  5. Hong Kong SAR's Monetary and Exchange Rate Challenges

    Posted Mar 15th 2009, 12:00am by Sean Kennedy

    ... So far currency boards have not been in the spotlight- probably because the current crisis has yet to push Asian currencies to the brink of collapse. Hong Kong is weathering the storm better ... As Warren Buffett observed: 'It's only when the tide goes out that you realise who's been swimming naked.' It was only the onset of the Asian currency crisis that revealed Hong ...

  6. HKMA chief pledges to stick with dollar peg

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

    ... against all currencies would cause Hong Kong domestic prices to increase by 0.82 per cent in the short run and 1.61 per cent in the medium run, he said in his column on the HKMA website. ... in the report. Since the Hong Kong dollar had fallen along with the US dollar against the yuan and other currencies such as the yen, euro and pound, import prices had risen, he said. To solve ...

  7. Currency power struggle looming

    Posted Apr 24th 2005, 12:00am by Chris Oliver

    ... that a revaluation is the right policy and that may help quell some of the speculators,' he says. He says an international currency crisis is inevitable unless Washington moves to restore fiscal ... CHRIS OLIVER Expert says Asian nations face US political pressure Currency expert Avinash Persaud takes issue with a common assumption in Washington that Asian currencies are under-valued ...

  8. Crisis memory fades as 1997 levels regained

    Posted Oct 17th 2007, 12:00am by Tom Holland

    ... of the regional crisis. It is likely the won would have appreciated even more against the US currency without central bank intervention to stop it rising too much relative to the Japanese yen. However, ... by the end of next year, surpassing its level at the start of the 1997 crisis. Other regional currencies are widely expected to climb, too, over the next 12 months, including the Malaysian ringgit ...

  9. Watching out for the big one

    Posted Mar 29th 2007, 12:00am by Tom Plate

    ... currencies. The regional currency crisis swept from east to west, until it started lapping at the shores of the US- at which point, and only at this point, did Washington forcefully intervene. ... disorder: ever since the summer of 1997, when the Thai baht almost went bankrupt, he slides into depression whenever there's news of an Asian currency in trouble. This stress disorder, he said, ...

  10. Could the US dollar really collapse 33pc in a single day?

    Posted Nov 21st 2011, 12:00am

    ... investors stood by US dollar assets. During the month leading up to the potential debt crisis, the US currency was flat while the price of US Treasury notes actually rose. Second, the world's ... is ushered in by a new financial crisis in which the US dollar loses a third of its value in a single day. In Chan's book, the US dollar's collapse is a handy plot device. ...




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