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  • July 10, 2014
  • Last updated: 8:50pm
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  1. News - Hong Kong

    China's yuan joins world's most traded currencies

    Posted Sep 06th 2013, 04:33pm by AP

    ... KELVIN CHAN (AP Business Writer) HONG KONG (AP) — China's yuan has joined the ranks of the most traded currencies for the first time, underlining the growing might of the world's second-largest economy. The yuan became one of the top 10 traded currencies in 2013, rising to No. 9 on the list due to a "significant expansion" in offshore trading, the Bank for International ...

  2. News - Hong Kong - EDUCATION

    International school ‘facing crisis’ in catering to Hong Kong’s expanding French community

    Posted Jun 15th 2014, 06:04pm by SHIRLEY ZHAO

    ... Shirley Zhao shirley.zhao@scmp.com Application handed in for government site as growing French population creates 'crisis' French school in running for campus in Kowloon The French International School has applied to open a new campus at a government site in Kowloon as it nears a crisis point in its efforts to provide enough places for the fast-growing French ...

  3. News - World - IRAQ

    Tony Blair says Iraq crisis not his fault, urges action

    Posted Jun 15th 2014, 07:50pm by Reuters

    ... Reuters in London Former British prime minister Tony Blair said on Sunday it was “profoundly wrong” to think that the 2003 Anglo-US invasion of Iraq helped stoke the current crisis ... made things worse, Blair told British TV that the Iraq crisis would have happened regardless of his actions. “You can carry on debating about whether it was right or wrong what we did in 2003 ...

  4. Comment - Insight & Opinion

    Hong Kong feels like pre-1997 all over again, only this time more radicalised

    Posted Jun 27th 2014, 12:56pm by Michael Chugani

    ... 2003 all over again, or even 1997? Remember those tumultuous times, the bitter Sino-British clashes over the political future of Hong Kong, which led to a confidence crisis, the collapse of the Hong Kong currency and the subsequent pegging of it to the US dollar. Remember the fearful flight out of Hong Kong by tens of thousands of families after the 1989 Tiananmen bloodshed? ...

  5. Business - Comment - MONITOR

    The fatal flaw with internet currency

    Posted Jul 17th 2013, 12:00am by Tom Holland

    ... Tom Holland The fatal flaw with internet currency Ever since the outbreak of the financial crisis in 2008, discontents have been searching for an alternative to the current international ... they have been cautious about allowing greater international use of their currency. In any case, to hard-core critics of the existing financial architecture, the yuan suffers from just the same ...

  6. Business - Banking & Finance

    Indian firms warned against dividend loans

    Posted Jun 17th 2014, 05:13am by Bloomberg

    ... globally to levels seen before the credit crisis as buyout firms borrow cheaply against investments to pay themselves rather than sell assets amid sluggish merger and acquisition activity. ... is the best performer this year among the 10 most-used Asian currencies excluding the yen, having risen 3.1 per cent to 59.93 per US dollar. ...

  7. Business - Banking & Finance - CURRENCIES

    Beijing to reduce intervention in yuan when time is right, PBOC chief says

    Posted Jul 10th 2014, 03:07pm by Kwong Man-ki

    ... on Thursday. “We hope that market demand and supply will play a bigger role in determining the exchange rate, expanding its floating range and increasing the flexibility of the currency,” People’s Bank ... He also urged Beijing to disclose when and why it intervenes in the currency markets. Finance Minister Lou Jiwei said on Wednesday that it would be difficult for China to pledge ...

  8. Business - Banking & Finance - CURRENCIES

    Delayed payments system stalls yuan’s global ambitions

    Posted Jul 09th 2014, 11:18am by Reuters

    ... quest to turn the yuan into a full-fledged global currency has hit a roadblock, as the planned roll-out of a worldwide payments superhighway looks certain to be delayed by policy snags ... the currency's use. A spate of agreements on yuan clearing with financial centres in Europe and Asia signed over the past month or so highlighted the importance of such a system for those ambitions. Yet ...

  9. Sport - Soccer

    Dutch debacle puts Spain in crisis mode

    Posted Jun 15th 2014, 12:16am by NYT

    ... Associated Press in Salvador Country's worst defeat in 64 years leaves Vicente Del Bosque with soul-searching to do after years of success Dutch debacle puts Spain in crisis With one disastrous result, Spain's World Cup campaign and overall footballing identity is suddenly facing a crisis. A 5-1 loss to the Netherlands to open group B left many wondering whether the team who ...

  10. Beijing sees value of stronger currency

    Posted Oct 25th 2004, 12:00am by Wang Xiangwei

    ... the benefits of a stronger yuan and believed the time was ripe to consider a more flexible currency, the sources said. However, the leadership decided to weather mounting international and domestic pressure and keep the yuan stable in the short term because of concerns about the impact of a flexible currency on the country's banking system and the influx of so-called hot money ...




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