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  • September 18, 2014
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  1. 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 ...

  2. Yuan's depreciation talk receding

    Posted Jun 26th 2009, 12:00am by Martin Zhou

    ... money from China as they did during the peak of the crisis. 'In addition, the apparent growth in the net buying of foreign currencies by Chinese banks simply reflected that the market ... to the global financial crisis and officials hinting at devaluing the currency to help plunging exports. But the improved figures in the first quarter had dampened expectation on depreciation, currency ...

  3. In Brief

    Posted Oct 17th 2008, 12:00am by Staff Reporter

    ... announced on Tuesday was a temporary measure applied at a delicate time when confidence in the banking system was threatened by the global financial crisis. 'Prevention is better than ... risk, in our view, that the pendulum could stay at the extreme end of pessimism for longer, as the financial crisis in the west still has some ways to go,' the bank said. 'Given ...

  4. Official calls for yuan convertibility

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

    ... but the subprime mortgage crisis has sparked fears of a weaker US dollar amid low interest rates. Ms Wu said it was difficult to find an alternative reserve currency but added that the yuan was ready ... Daniel Ren in Shanghai Former central bank executive says unit should be an international reserve currency Beijing should gear up preparations for the yuan's full convertibility, ...

  5. Hot money inflow loses momentum

    Posted May 21st 2010, 12:00am by Enoch Yiu

    ... the Hong Kong dollar and which the HKMA invests in bonds, stocks and local and foreign currencies. The fund reported an investment income of HK$10.8 billion in the first quarter, up slightly on the HK$10 billion of the previous quarter. This compared with a loss of HK$33.5 billion in the first quarter last year when the market was still in the throes of the financial crisis. However, ...

  6. China Green reports profit growth of 26.6pc to meet results deadline

    Posted Aug 31st 2010, 12:00am by Amanda Lee

    ... Analysts at brokerage Oriental Patron Research yesterday said in a report the delay had escalated into a mini-crisis, caused by poor investor communication in a fragile market. A China Green ...

  7. Business - Economy

    Asian central banks seen entering currency markets if Fed tapers off

    Posted Jun 15th 2013, 12:00am by Reuters

    ... Reuters in Singapore Asian central banks seen resorting to currency market intervention if a reduction of Federal Reserve stimulus prompts devaluations Jitters over end of cheap money Asia's central banks are likely to use heavy currency intervention as their weapon of choice in dealing with regional market turbulence but high debt levels will make them more reluctant than ...

  8. Yuan trading band tipped to widen but major devaluation ruled out

    Posted Dec 19th 2008, 12:00am by Staff Reporter

    ... not weaken the currency to stem the slide in exports as such a policy might trigger capital outflows. 'The exchange rate should continue to be stable, especially in a crisis,' Commerce ... Maria Chan and Jane Cai Beijing is unlikely to devalue the yuan significantly but could widen the daily trading band of the currency against the US dollar to increase flexibility ...

  9. Mainland GDP growth weakens to 7-year low

    Posted Jan 23rd 2009, 12:00am by Cary Huang

    ... financial crisis is deepening and spreading with continuing negative impact on the domestic economy,' Ma Jiantang, the commissioner of the bureau, told a briefing in Beijing yesterday. Still, ... quarter as the full force of the global financial crisis struck home. The deceleration dragged down annual growth to 9 per cent, totalling 30.07 trillion yuan (HK$34.13 trillion) last year. ...

  10. Market ignores 'strong dollar' call

    Posted Oct 13th 2009, 12:00am by Kevin Rafferty

    ... oil-producing and consuming nations other than the US were trying to take the greenback down a peg and discussing pricing the fuel in a new basket of currencies rather than in dollars. If the report is accurate and the discussions prove successful, then the dollar's remaining days as the global reserve currency could be numbered in years rather than decades. Kenneth Rogoff, the influential ...




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