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  • July 25, 2014
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  1. Investors flee further from Asian currencies

    Posted Sep 24th 2011, 12:00am

    ... Amanda Lee amanda.lee@scmp.com Asian currencies, including Hong Kong's growing pool of yuan, fell further yesterday as investors sought the safety of the US dollar amid fears a global ... Reserve to boost the troubled US economy. Central banks from South Korea to Indonesia intervened to prop up their currencies, a sharp turnaround from recent concerns that their currencies were too ...

  2. News - World

    Kerry urges Iraqi unity in ISIL crisis, says US not responsible for violence

    Posted Jun 23rd 2014, 03:26am by AFP

    ... Agence France-Presse in Cairo Kerry says Iraq must unify amid ISIL crisis US Secretary of State John Kerry on a surprise Egypt visit yesterday urged Iraqi leaders to rise above "sectarian considerations" and said Washington was "not responsible" for the crisis. Kerry had arrived in Cairo as part of a diplomatic mission to push Egypt toward democracy, but also ...

  3. Business - Commodities - COMMENT

    European shipping cartel was doomed by China's self-interest in loss-making industry

    Posted Jun 23rd 2014, 10:58am by Cathy Holcombe

    ... might go along with the plan. China's shipping sector stands out as an example of circular state-owned moral hazard First, the shipping industry is still in post-crisis tatters, ... The country's remarkable gains in global export market share were built on cheap land, labour and a repressed currency. Land prices are now bubbly, labour no longer dirt cheap and, despite recent ...

  4. Hot money inflow loses momentum

    Posted May 21st 2010, 12:00am by Enoch Yiu

    ... the Hong Kong dollar and which the HKMA invests in bonds, stocks and local and foreign currencies. The fund reported an investment income of HK$10.8 billion in the first quarter, up slightly on the HK$10 billion of the previous quarter. This compared with a loss of HK$33.5 billion in the first quarter last year when the market was still in the throes of the financial crisis. However, ...

  5. Official calls for yuan convertibility

    Posted Nov 20th 2008, 12:00am by Staff Reporter

    ... but the subprime mortgage crisis has sparked fears of a weaker US dollar amid low interest rates. Ms Wu said it was difficult to find an alternative reserve currency but added that the yuan was ready ... Daniel Ren in Shanghai Former central bank executive says unit should be an international reserve currency Beijing should gear up preparations for the yuan's full convertibility, ...

  6. Business - Banking & Finance - CURRENCIES

    Australia plays catch-up in yuan business as deal with China nears

    Posted Jul 25th 2014, 01:35am by Reuters

    ... Reuters Australia plays catch-up in yuan business as deal nears Opportunities for Australian companies to participate in the burgeoning yuan market are expected to increase as the country is close to signing a deal with China to facilitate trade and investment settled in the Chinese currency. Reserve Bank of Australia deputy governor Philip Lowe said on Wednesday that the central ...

  7. Business - Economy

    The rupee is where? Currency collapse confounds India Inc

    Posted Aug 28th 2013, 02:43pm by Reuters

    ... Nandita Bose in Mumbai Indian companies such as Whirlpool of India say they can’t plan more than a couple of months out as a fast-falling rupee currency drives up the cost of imports, ... sales. India’s consumers, whose spending helped see the country through the global financial crisis in 2008, are closing their wallets, squeezing companies from carmakers to shampoo sellers. ...

  8. News - World - ARGENTINA

    Argentina fears new economic crisis as US 'vultures' circle

    Posted Jun 19th 2014, 09:53pm by GDN

    ... of new crisis Argentinians, battered by decades of economic crises, fear a new one following a US Supreme Court ruling this week that could make the country liable for up to US$15 billion owed ... financial crisis, then the largest in world history. "My husband and I were never the same afterwards," said Maria Ines Ochoa, a schoolteacher from the small city of Funes in the central ...

  9. Business - Economy

    Asian central banks seen entering currency markets if Fed tapers off

    Posted Jun 15th 2013, 12:00am by Reuters

    ... Reuters in Singapore Asian central banks seen resorting to currency market intervention if a reduction of Federal Reserve stimulus prompts devaluations Jitters over end of cheap money Asia's central banks are likely to use heavy currency intervention as their weapon of choice in dealing with regional market turbulence but high debt levels will make them more reluctant than ...

  10. Business - China Business - EARNINGS

    China's airlines hit hard by weaker yuan

    Posted Jul 17th 2014, 01:22am by SIJIA JIANG

    ... the airlines were hedging against currency risks but there was also a lack of instruments for them to hedge against such losses incurred by currency fluctuations. "Whether the airlines ... not break down their debts by currency, reported debts of 104.3 billion yuan and 111.5 billion yuan, respectively. Given their liabilities are mostly in dollars, small changes in the exchange rate ...




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