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  1. The lesson Europe could learn from the Asian currency crisis

    Posted Feb 17th 2012, 12:00am

    ... per head for Thailand and Indonesia, again indexed to 100 in 1996, the year before the Asian crisis forced them to abandon their pegged exchange rates and devalue their currencies. Recovery ... to be a practical solution to the crisis. 'Drastic spending cuts may prove more than the public are willing to swallow,' it warned. 'In that case, a Greek default and devaluation could ...

  2. History shows currency devaluation may not be a calamity

    Posted Sep 20th 2010, 12:00am by Michael Pettis

    ... is the only way to protect domestic and monetary fiscal credibility. By leaving the euro and devaluing their national currencies, they claim, the afflicted European economies will simply condemn ... wreaked havoc on the monetary arrangements of the pre-war years, France struggled over the issue of what to do with its currency. Like most belligerents France went off gold during the war. ...

  3. Wages, utilities seen as inflation drivers

    Posted Jun 04th 2010, 12:00am by Eric Ng

    ... bank to lift interest rates once or twice before the end of the year. Wang also believes Beijing will lift the value of the yuan against other currencies by 3 per cent, down from an earlier forecast of 6 per cent, provided that the sovereign debt crisis in Europe eases in the next few weeks. Other market watchers have said Beijing may not let the yuan appreciate, given the euro's ...

  4. The meltdown asset

    Posted Jul 09th 2012, 12:00am

    ... since 2001 thanks to increased demand, especially from emerging nations such as India and China. But the 2008-09 credit crisis really put the shiny stuff back into the spotlight. Gold bugs ... rests very much on that post-crisis performance, which indeed shows gold at its most popular- the asset to buy when confidence evaporates in virtually all other instruments. People have bought ...

  5. Business - Economy - SINGAPORE

    Singapore economy beats forecasts with 1.8pc expansion

    Posted Jan 03rd 2013, 12:00am by BLOOM

    ... recovery, even as the export-dependent region faces risks from Europe's protracted sovereign debt crisis. The Monetary Authority of Singapore, which allowed faster currency gains in 2012 ... remains firm and capacity is still very tight." The Singapore dollar was little changed at S$1.2207 against the US currency. It gained 6.2 per cent last year, and reached a record in October ...

  6. Asian spreads seen tightening

    Posted Aug 23rd 2004, 12:00am by Staff Reporter

    ... Anette Jonsson Contraction may continue as demand for fixed-income assets exceeds supply China's decision last week to allow insurers to invest 80 per cent of their foreign currency ... US$300 million bond attracted more than $2 billion worth of demand, while the $1 billion tranche of UOB's dual currency offer was said to have drawn $2.5 billion worth of orders. 'We ...

  7. Credit Agricole tips yuan's rise to slow next year

    Posted Dec 09th 2011, 12:00am

    ... Charlotte So charlotte.so@scmp.com The yuan will appreciate at a slower pace next year amid concerns about Europe's spiralling debt crisis and its impact on the region's trade with China, says Credit Agricole. The currency fell to the intervention band of 6.3636 per US dollar for seven straight days as of yesterday, the first time in three years. That reflects international ...

  8. Dollar strength may have greater impact

    Posted Sep 26th 2003, 12:00am by Staff Reporter

    ... Asian economies can only gain from a rebalancing of global currency values This week's dramatic strengthening of the Hong Kong dollar caught investors unawares, prompting a surge in stock prices, but the flip side of the currency equation could have a more enduring impact. Enter the US dollar and its sharp fall in value against the Japanese yen and the euro in the past few ...

  9. Don't blame the peg; Singapore's no better off than HK

    Posted Jun 18th 2012, 12:00am

    ... rate, or Reer, measures an economy's exchange rate against a basket comprising the currencies of its trading partners and competitors, adjusted for inflation. Economists use it as a handy ... there is little difference between the volatility experienced by the two cities, except that Singapore suffered a much steeper decline in property prices during the financial crisis. Oh, and in relative ...

  10. US putting dollar status at risk, economist says

    Posted Jan 17th 2011, 12:00am by Lulu Chen

    ... Lulu Chen As the US abuses the trust of creditor nations like China and Russia, it raises the threat of the dollar losing its reserve currency status, HSBC chief economist Stephen King said. 'In time, the US will find other countries beginning to improve their reserve currency status, but that will take a long time to happen,' said King. 'In 10 or 20 years, ...




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