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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. Business - Economy

    Party like it's 2007 again? Don't hold your breath

    Posted Mar 26th 2014, 01:30pm by DAVID DODWELL

    ... David Dodwell The loss of China's low-cost deflationary effect and rapidly ageing populations will ensure that there will be no return to the pre-crisis party of 2008 Our bleak future Five years after the global financial crash, it is perhaps not surprising that so many regional bosses (and economists, who should know better) are clawing for evidence that recovery is close ...

  3. 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. ...

  4. 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 ...

  5. Business - Economy

    Private schools, dental visits fuel Australian inflation, pushing interest rate cuts off the table

    Posted Feb 03rd 2014, 03:18pm by Reuters

    ... The central bank might also have to ratchet back the rhetorical campaign for a weaker local currency given the risk higher prices for imported goods could further fuel inflation. “Higher near-term ... But with the currency having fallen, the stubbornness of domestic inflation is being revealed. Culprits include long-term changes in spending habits and demographics, including the escalating cost of education. ...

  6. 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 ...

  7. 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 ...

  8. 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 ...

  9. 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 ...

  10. 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 ...




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