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  • November 29, 2014
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  1. News - World - RUSSIA

    Rouble's float follows plunge against dollar- sign of Russian economic woe

    Posted Nov 11th 2014, 08:57pm by AP

    ... crisis and by falling oil prices, Russia's economy is struggling and the rouble has lost a third of its value this year, hitting a record low. On Monday, the national central bank decided to freely float the currency and shield it more from speculators. The move, which aims to spare the central bank from spending billions in reserves on supporting the currency, highlights the extent ...

  2. Comment - Insight & Opinion

    The dangers of China's push for more debt-fuelled growth

    Posted Nov 17th 2014, 02:23pm by DIANA CHOYLEVA

    ... China already has too much debt and has little scope to raise it further. True, total debt has surged since the global financial crisis, but it is not extreme, as in some other countries. Gross ... Japan, most of the debt is owned domestically so China would not be under the same international pressure as Greece and Argentina. China responded to the financial crisis with a massive ...

  3. News - World - Ukraine crisis

    Putin says Russia will not be cut off by 'Iron Curtain' amid West's sanctions over Ukraine

    Posted Nov 23rd 2014, 09:29pm by Reuters

    ... relations with Russia since the Ukraine crisis and said Moscow would not allow itself to become internationally isolated behind another "Iron Curtain". In an interview published by state ... far from certain that sanctions, sharp falls in the oil price [and] the depreciation of the national currency will cause negative effects or catastrophic consequences only for us. ...

  4. Business - Banking & Finance - BANKING

    HSBC among five banks fined US$3.4 billion for rigging foreign exchange market

    Posted Nov 13th 2014, 05:38am by AP, Bloomberg

    ... foreign exchange markets- the latest penalties for an industry previously criticised for rigging interest rates and for their role in triggering the global financial crisis. The US Commodity ... the world that use market prices to value assets and manage currency risks. The regulators found that between January 1, 2008, and October 15, 2013, the five banks failed to adequately train ...

  5. News - Hong Kong - ON SECOND THOUGHT

    Wait may help the Shanghai share link run more smoothly

    Posted Nov 14th 2014, 04:58am by LAM WOON-KWONG

    ... the Bretton Woods currency system collapsed, leading to a crash of global stock markets in which the US dollar went into free fall and interest rates shot up correspondingly. Second, oil prices jumped ... currency. If the scheme runs well, the renminbi will be one step closer to entering foreign markets. That both sides have taken only a few months to work out the logistics of the highly complex ...

  6. Property - International - VENTURES

    UK group keen on tie-ups with Asian developers

    Posted Nov 05th 2014, 06:25am by Peggy Sito

    ... in 2009, it was triggered by a market slowdown in Britain. But now, it was attracted by the strong Asian demand. "At the time, the financial crisis had really hit [Britain], developers tended to shift their focus to overseas investors," he said. "Overseas investors show a preference for London, as [Britain] offers a stable currency and a solid regulatory framework." Gowda ...

  7. Business - Economy - MACROSCOPE

    Fed readjusting to new policy era after recovery from financial crisis

    Posted Nov 03rd 2014, 04:19am by DAVID BROWN

    ... David Brown US central bank to wait and see how economy shapes up after end to quantitative easing and six years of radical action to fight financial crisis Fed readjusting to new policy ... deflation and a punishing financial crisis. Yellen's predecessor, Ben Bernanke, needed to be a trailblazer, championing the use of zero interest rates and unprecedented amounts of bond-buying ...

  8. Business - Companies

    Citic still crucial to mainland China reforms

    Posted Oct 20th 2014, 05:05am by Eric Ng

    ... its exposure balloon from A$500 million to A$9 billion as the Australian currency sank amid the global financial crisis in 2008, without a cap. This resulted in an unrealised loss of HK$15.5 ... substantial gains, with the currency rising from the agreed price of 70 US cents to as much as above parity against the greenback. This year, Chang has taken advantage of Beijing's call for state ...

  9. Business - Economy - CURRENCIES

    Hong Kong dollar stable despite Occupy Central unrest

    Posted Oct 01st 2014, 04:18am by Bloomberg

    ... the global financial crisis. While a measure of currency price swings jumped to 0.6 per cent, it failed to breach a high in March, when pro-democracy protests started to reach a head. The measure ... Bloomberg Occupy Central protests have not created volatility in local currency, and after decades of surviving far more serious crises, analysts are sanguine HK dollar solid as a rock ...

  10. Property - International - HUNGARY

    Rate cuts pull home seekers back into Hungarian market

    Posted Sep 24th 2014, 06:07am by Bloomberg

    ... in Europe. Hundreds of thousands of families who held Swiss franc mortgages faced soaring monthly payments when the national currency- the forint- plunged after the 2008 financial crisis. Hungary ... the Swiss franc since 2008. A post-crisis high of 23 per cent of all foreign-currency mortgages were non-performing in the second quarter, according to the central bank. "Hungary has the lowest ...




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