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  1. Dollar blues

    Posted Aug 07th 2007, 12:00am by Staff Reporter

    ... Big rises in the value of their home currencies are adversely affecting the salaries of some expatriates. Is this currency gap going to lead to a brain drain of expatriates? Write to us. ...

  2. HKMA move on currency unlikely

    Posted Oct 30th 2007, 12:00am by Staff Reporter

    ... Maria Chan The Hong Kong Monetary Authority is unlikely to repeg the currency or widen the trading band with the US dollar any time soon, even though the local unit remains strong, ... (Hong Kong). The local currency stood at 7.7509 in the late session yesterday after falling to 7.7513 at one point during the day. The Hong Kong dollar has remained strong despite an injection ...

  3. NPC official urges forex bias towards stronger currencies

    Posted Nov 08th 2007, 12:00am by Staff Reporter

    ... at a conference in Beijing yesterday that the country would readjust the structure of its foreign reserves and invest more in strong currencies given the weak US dollar. 'The US dollar dropped after ... to appreciate its currency and cut its trade surplus. 'I think it is indicative of frustrations in some government quarters about the value of foreign reserves,' said Citigroup chief Asia ...

  4. European Union to seek action on rising trade, currency imbalances

    Posted Nov 13th 2007, 12:00am by Tom Miller

    ... to cut into the trade surplus,' said Ben Simpfendorfer, chief Asian strategist at RBS. The weakness of the yuan against major European currencies was a major reason why the EU had become ...

  5. Stronger foreign currencies may hit gourmets in pocket

    Posted Aug 06th 2007, 12:00am by Dennis Eng

    ... Dennis Eng and Zoe Mak Enjoying an Australian steak or a glass of French wine could cost about 5 per cent more by the end of the year because of the rise in those nations' currencies ... As existing stocks are depleted, they are being replaced by wines bought at higher exchange rates. 'There is an argument to skew our purchasing to US wines, but the currency appreciation is still ...

  6. Hot currencies eat into expats' pay

    Posted Aug 06th 2007, 12:00am by Dennis Eng

    ... Dennis Eng It's not what you earn, but what currency your earnings come in that is fast becoming the bottom line for luring expatriates to Hong Kong. Big rises in the value of their home currencies translate into big pay cuts for expatriates paid in Hong Kong dollars, raising fears that the city is losing its competitive edge in attracting overseas talent. 'The ...

  7. Yuan: a super currency

    Posted Mar 14th 2007, 12:00am by Staff Reporter

    ... Cameron Dueck A senior reporter at the South China Morning Post takes a look at one of the business world's hottest topics: the power of China's currency China and the US have ... the countries spiral out of control. It's the main topic of debate whenever leaders from the two countries meet. But why should we care? The US dollar is the standard of global currencies ...

  8. Arrested currency woman's shops attacked

    Posted Dec 20th 2007, 12:00am by Danny Mok

    ... Danny Mok Two money exchanges in Portland Street, Mong Kok, owned by a woman arrested on the mainland over illegal foreign currency trades worth 4.3 billion yuan, were splashed with red paint. A man splashed the first exchange, injuring a male customer's eye, before attacking the second and dumping the bucket. Mainland media last month reported officials had closed ...

  9. Sitting ducks left out of currency hedging game

    Posted Dec 01st 2007, 12:00am by Shirley Yam

    ... export-oriented private entrepreneurs who receive revenue in US dollars and pay in yuan, it may feel like being a sitting duck with the country's restrictions on currency hedging. ...

  10. Hong Kong's currency peg to US dollar works just fine, says financial secretary

    Posted Jun 16th 2007, 12:00am by Andy Chen

    ... Zoe Mak and Andy Cheng The government has no plan to change the linked exchange rate regime that pegs the Hong Kong dollar to the US currency, partly because the yuan is not fully ... financial aides had contemplated delinking the currencies in August 2002. His successor, Donald Tsang Yam-kuen, later denied any intention to move the peg. At an exhibition of Hong Kong's new ...




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