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  • October 21, 2014
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Results 1 - 10 of 361 for currency crisis

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  1. Crisis veteran tackles the China syndrome

    Posted Jun 07th 2004, 12:00am by Staff Reporter

    ... Pakistan to New Zealand. Yet, time and motion seem not to have dulled a memory he dubs the 'banking equivalent of Stalingrad'. The crippling consequences of a currency devaluation ... 'I could write a book on crisis management. It was lonely at times, but I always had the complete support of head office. And I think HSBC probably handles these things better than any other ...

  2. Shanghai hub role rides on yuan bets

    Posted Apr 18th 2009, 12:00am by Staff Reporter

    ... grip on the currency. Still the mainland's determination to globalise its currency is unchanged, more so now that the worsening crisis has weakened the position of many western countries. ... in their place if the yuan is fully convertible. Amid criticisms that described China's currency liberalisation efforts as a series of baby steps, Chinese officials have recently intensified efforts ...

  3. Japan revival safe from strong yen

    Posted Oct 16th 2003, 12:00am by Staff Reporter

    ... recovery in Japan underpinned by growth in domestic consumption, according to Merrill Lynch's chief Japan analyst. One reason is that since other Asian currencies, including the South Korean ... 'Public money will be used to restructure the creditors. Japanese banks were ready for bankruptcy, now the systemic crisis in my view is 100 per cent gone,' he said. ...

  4. Citic Pacific falls 27pc amid currency fears

    Posted Oct 28th 2008, 12:00am by Carol Chan

    ... Carol Chan Citic Pacific, the embattled mainland conglomerate, lost another HK$3.07 billion of market value yesterday amid the tumbling stock market, higher foreign-currency losses ... from unauthorised currency bets made by its finance director. With the falling Australian dollar, the company's potential losses would be bigger than estimated. The Australian dollar fell ...

  5. Less than zero: how deposit rates could turn negative

    Posted Dec 16th 2008, 12:00am by Tom Holland

    ... short-term interest rate to zero in an attempt to bolster the flagging US economy. Because of our currency peg to the US dollar, that could create some unusual side-effects in Hong Kong. In theory ... advantage of Hong Kong's low interest rates to borrow Hong Kong dollars and sell them in the foreign exchange market for higher-yielding currencies like the Australian dollar. Now ...

  6. Real yields biggest threat to gold

    Posted Jan 11th 2011, 12:00am by Staff Reporter

    ... there are a slew of factors driving up commodity prices, from an export ban on wheat by Russia to heavy rains in Australia, which has played havoc with exports, to the European debt crisis, which has put ... measures adopted by the global central banks which could inflame the inflation expectations of some investors in the medium to long term. The current debate about a potential currency war is also ...

  7. Citic Group may replace Larry Yung

    Posted Apr 08th 2009, 12:00am by Eric Ng

    ... of the Australian dollar in particular had fallen against the greenback amid the global financial crisis. The revelation came six weeks after the board said it first learned about the currency bets, a delay ... to see if there are other irregularities beyond the wrong-way currency bets. 'Citic Group needed to send a team of people to Hong Kong because it wanted to examine all of Citic's ...

  8. Nuclear crisis puts HK energy goals in doubt

    Posted Mar 19th 2011, 12:00am by Staff Reporter

    ... Cheung Chi-fai Hong Kong will consider the implications of the Fukushima nuclear crisis and its impact on the nuclear industry before deciding whether to harness more nuclear energy from the mainland, environment officials say. The unfolding crisis has led a number of nations to review the role and safety of nuclear power, with China ordering safety checks at all existing plants ...

  9. Citic loss shows danger of cross-asset contagion

    Posted Oct 22nd 2008, 12:00am by Tom Holland

    ... with complacent managers are as much at risk in this crisis as anyone else (see the first chart below). In the Asian crisis of 1997, financial contagion spread across borders. This time around, ... prices sharply higher. The shift helped push up commodity currencies such as the Australian dollar, which, because of its high interest rate, was already widely held by leveraged investors ...

  10. Esprit dives as worries increase over euro bonds

    Posted May 21st 2010, 12:00am by Charlotte So

    ... Charlotte So Shares of Esprit Holdings, the casual-wear retailer, have plunged 18.8 per cent this month as fears over the euro bond crisis mounted and the depreciation of the euro hurt ... sales figures. The depreciation of the currency affects the company's euro-denominated revenue when it is converted into the firm's reporting currency, the Hong Kong dollar. Esprit ...




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