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  • October 2, 2014
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Results 1 - 10 of 317 for currency crisis

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  1. Business - Money - CURRENCY

    HKMA in HK$12 billion currency cooling measure

    Posted Dec 12th 2012, 12:00am by PAGGIE LEUNG AND ENOCH YIU

    ... the local currency. Such action is not unprecedented in the city. The authority was obliged to intervene significantly during the global financial crisis that began in 2008 to manage an inflow ... Kong Monetary Authority stepped into the currency market again yesterday to weaken the Hong Kong dollar as the rush of "hot money" continues to flow into the city. The de facto ...

  2. Few things riskier than a safe bet in currency markets

    Posted Jul 11th 2011, 12:00am

    ... crisis. Rather it has been driven largely by an increase in risk appetite among investors, who have used the US dollar as a funding currency to finance 'risk-on' investments elsewhere. ... last November, and say nothing is likely to change that in the near term. The other half will retort that, with the exception of the depths of the 2008-2009 financial crisis, Hong Kong stocks ...

  3. Drop in foreign currencies helps drive down cost of study tours

    Posted Apr 27th 2009, 12:00am by Paggie Leung

    ... Paggie Leung Prices for most overseas study tours have dropped significantly this summer, thanks to depreciation of foreign currencies and cheaper air tickets, according to travel agents. ... to 10 per cent decline over a year ago,' said Thomas Chau Wing-keung, Jetour Holidays director of operations. 'First, it's because rates of many foreign currencies have gone down ...

  4. High earners bear brunt of financial crisis

    Posted Feb 25th 2009, 12:00am by Ambrose Leung

    ... Daniel Sin and Ambrose Leung The number of high-income earners in Hong Kong has shrunk by more than 15 per cent amid the economic meltdown, official income statistics reveal. The latest General Household Survey, released by the Census and Statistics Depar ...

  5. An insight into the workings of Hong Kong's currency peg

    Posted Sep 10th 2007, 12:00am by Jake Van Der Kamp

    ... that the much-vaunted automatic adjustment process of their textbook currency board could not entirely be relied on in practice. They preferred to give the impression that the rate was guided towards 7.80 ... Mr Currency Board himself, who almost convinced Indonesian President Suharto to adopt one in 1997. This is a timely book. The peg may be under no special strain at the moment ...

  6. Money doesn't grow on trees

    Posted Jun 27th 2012, 12:00am

    ... exports would increase because they would be cheaper and more people would buy them. Eventually, the export market would pull the country's economy out of the crisis. Yet if a currency ... of us would need to worry about the pain caused by the 2008 global financial crisis. Despite the continuing European financial crisis, should our supplies of money run out, we could simply print ...

  7. Business - Economy

    HKMA moves to weaken Hong Kong dollar again

    Posted Oct 23rd 2012, 05:45pm by Agence France-Presse in Hong Kong

    ... the local currency in 2008 and 2009 at the height of the financial crisis, as traders moved into the Hong Kong dollar which was seen as a safe haven. ... Agence France-Presse in Hong Kong The Hong Kong Monetary Authority intervened in the currency market on Tuesday for the second time in a week as the local dollar hit its upper trading ...

  8. Business - Money

    Where now for the Hong Kong dollar?

    Posted Oct 23rd 2012, 12:00am by Bloomberg

    ... for a review of the peg. Joseph Yam Chi-kwong, the former HKMA chief who helped introduce the currency link and defended it against speculators during the Asian financial crisis, said in June the city ... Bloomberg Questions arise on future of the currency and its relationship with the yuan, with one hedge fund betting that the link to the US dollar will not last dollar link? Hong ...

  9. Business - Comment - MONITOR

    'Made in America' means added pain for Hong Kong

    Posted May 02nd 2013, 12:00am by Tom Holland

    ... from its exchange rate peg to the US dollar. Since 2002, the US dollar has lost a third of its value against a basket made up of the currencies of its trading partners and competitors (see the first chart). Because of the peg, the Hong Kong dollar has also declined in value. Since 2002, it has fallen by almost a quarter against its own trade-weighted basket of currencies; a fall ...

  10. Investor zeal will propel yuan ahead in world, Schroders says

    Posted May 03rd 2011, 12:00am

    ... Enoch Yiu British fund house Schroders, which successfully launched a yuan fund in October last year, believes the currency will be used for more investment products in future. 'The ... million yuan bond fund late last year that sold out in six days, Brown said. Many Hong Kong residents had yuan bank accounts, indicating people here wanted to hold the currency even though ...




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