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  • November 28, 2014
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  1. Comment - Insight & Opinion - LEADER

    Hong Kong should keep its peg to the US dollar for now

    Posted Oct 17th 2013, 12:00am by SCMP Editorial

    ... SCMP Editorial Keep the peg... at least for now The last time Hong Kong changed its currency regime it was with good reason. The Hang Seng Index and the Hong Kong dollar had both plunged under selling pressure amid investor anxiety about the future under Chinese rule. The city was facing a currency and financial crisis. That is worth remembering today- the 30th anniversary ...

  2. Tung wins backing of state leaders

    Posted Jul 20th 2003, 12:00am by Ambrose Leung, Josephine Ma

    ... and the economy. 'Mr Tung has worked hard for Hong Kong and the country with a strong sense of mission and responsibility, led the SAR ... to face the shock brought by the Asian currency crisis ... it has absolute confidence in his ability to see Hong Kong through its political crisis. In a powerful show of solidarity, state leaders lined up to meet Mr Tung yesterday and took steps ...

  3. Emerging markets keep allure with reform benefits

    Posted Jun 25th 2006, 12:00am by Chris Davis

    ... corrections. For example, the Mexican devaluation of 1994, the Asian currency crisis in 1997 and Russia's default on its debt in 1998 were ultimately spawned by faulty policies. The pandemic ...

  4. Top MBAs respond to global leadership crisis

    Posted Oct 31st 2012, 02:10pm by Rex Aguado

    ... Rex Aguado Top MBAs respond to global leadership crisis (via Education Post) Not that long ago, whenever we talked about risk management, we thought about it in terms of currency or interest-rate hedging, and it didn’t go much deeper than that. But now we’re talking about risk management for a whole business, and we’re…   ...

  5. 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 ...

  6. News - World - UKRAINE

    Russian markets, currency take a hit on intervention in Ukraine

    Posted Mar 03rd 2014, 11:01pm by Reuters

    ... Reuters in Moscow Russian markets and currency take a hit after intervention in Ukraine Russia took a financial hit over its military intervention in neighbouring Ukraine, with its markets and currency plunging. The Moscow stock market fell over 11 per cent, wiping nearly US$60 billion off the value of Russian companies in a day, and the central bank spent US$10 billion of its reserves ...

  7. Ten years on, Asia's policies risk a new economic crisis

    Posted May 11th 2007, 12:00am by Tom Holland

    ... financial crisis in the region'. At first glance Asian governments appear to have successfully corrected the economic weaknesses that led to the 1997 crisis. They no longer peg their currencies ... the conditions for a second and equally damaging regional crisis. Superficially Asia's economies appear in much better shape today than they did 10 years ago on the eve of the Thai devaluation. ...

  8. 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 ...

  9. Business - Banking & Finance

    Strengthening yuan signals more currency flexibility on the way

    Posted Aug 07th 2013, 10:21am by Jeanny Yu

    ... China has a domestic crisis now. The regulators want to hold money in the country … to prevent capital flight Andy Xie, economist But since late last month, the currency regained upward momentum ... rate. The government kept the currency stable in 2008 in a bid to counter the global financial crisis. Now, said Xie, the regulators should continue to do so to counter a domestic economic ...

  10. Fall and rise of the renminbi: 'people's currency' rides out downturn to become a global powerhouse

    Posted Sep 25th 2009, 12:00am by Staff Reporter

    ... The currency quarrel between the two governments suddenly calmed when the global financial crisis began. Many market watchers have started to talk about the potential of the renminbi becoming a world currency, because of the stability of the mainland's economy. A series of moves by the central government after the financial crisis only reinforced the talk. They signed currency ...




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