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  • September 2, 2014
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  1. Business - Money - ASK MELANIE

    Should I switch my HK dollar savings?

    Posted Oct 01st 2012, 12:00am by Melanie Nutbeam

    ... On the face of it, that looks attractive. But both currencies are trading at historically high levels. If either currency depreciates, even marginally, you could lose your interest earnings, while if the currency depreciates significantly, you will suffer a capital loss when you exchange your money back to Hong Kong dollars. Of course, you could be lucky and find that at the end of six months ...

  2. Business - Banking & Finance - CURRENCIES

    China's yuan outs yen as Asia's currency of choice

    Posted Dec 29th 2012, 12:00am by BLOOM

    ... Bloomberg in Singapore and Bangkok Yuan dethrones yen on rise of China Asian central banks are tolerating gains in their currencies against the yen as China's economic recovery ... 17 per cent and the yuan 13 per cent. Asian currencies moved more in sync with the yuan than the yen over the past year. The outperformance of currencies in developing Asia relative ...

  3. Business - Money

    HKMA defends currency peg, sells HK$6.2b

    Posted Dec 11th 2012, 03:26pm

    ... Reuters in Hong Kong The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, stepped into the currency market on Tuesday, selling HK$6.2 billion (US$800 million) in Hong Kong dollars as the local currency repeatedly hit the strong end of its trading range. According to Reuters data, the latest intervention will lift the aggregate balance- the sum of balances ...

  4. Comment - Insight & Opinion

    Time the US stopped bashing China's currency policy

    Posted Nov 28th 2012, 12:00am by BERND DEBUSMANN

    ... BERND DEBUSMANN Bernd Debusmann says the US would do well to give credit to changes in the past few years Stop bashing Beijing over its currency policy If Washington were a place where logic reigned supreme and facts always trumped spin, there would be a long pause in the protracted debate over China's currency policy. In the real Washington, that can't be taken ...

  5. News - Asia

    Sri Lanka arrests 100 Chinese for currency fraud: police

    Posted Dec 22nd 2012, 02:04pm by Agence France Presse in Colombo

    ... Agence France Presse in Colombo Police in Sri Lanka have arrested 100 Chinese nationals for currency fraud in a string of raids in and around the capital Colombo, officials said on Saturday. “They have defrauded their countrymen by making them... transfer money to accounts maintained in Sri Lanka in the names of those arrested,” said Prishantha Jayakodi, a senior ...

  6. Business - Economy - EURO-ZONE CRISIS

    EU aid deal secures Greece in single currency

    Posted Dec 14th 2012, 12:00am by Bloomberg

    ... to Athens prompted its prime minister, Antonis Samaras, to declare an end to talk of a Greek exit from the single currency. It averts a catastrophic default and secures Greece's survival ... of all euro-zone lenders that paves the way for the currency bloc's firewall fund to provide direct bailouts to banks. The new supervisory mechanism should be fully ready by March 1, 2014, ...

  7. Business - Money - CURRENCY

    HKMA in HK$12 billion currency cooling measure

    Posted Dec 12th 2012, 12:00am by PAGGIE LEUNG AND ENOCH YIU

    ... Kong Monetary Authority stepped into the currency market again yesterday to weaken the Hong Kong dollar as the rush of "hot money" continues to flow into the city. The de facto ... the local currency. Such action is not unprecedented in the city. The authority was obliged to intervene significantly during the global financial crisis that began in 2008 to manage an inflow ...

  8. Comment - Insight & Opinion

    World must prepare to accept renminbi as a global currency

    Posted Oct 29th 2012, 12:00am by ANITA FUNG

    ... Anita Fung Anita Fung says the markets have spoken- with preparations for the internationalisation of the Chinese currency surging ahead, the day for its recognition may come sooner rather ... milestone on its path towards becoming a global currency. Last July, the yield spread between five-year onshore Chinese government bonds and those traded on overseas exchanges narrowed to just ...

  9. Business - Money

    Yuan hailed as the world reserve currency

    Posted Nov 07th 2012, 12:00am by Kevin Rafferty

    ... anxious to share in the lucrative business opportunities they see in the internationalisation of the yuan to challenge the US dollar as the global currency of choice. Anita Fung, Hong Kong chief ... greater international use of the currency. It is easy to understand the pressures for China's currency to become an international reserve currency. The system of international reserve ...

  10. Business - Economy

    US treasury delays China currency report

    Posted Oct 13th 2012, 09:15am by Reuters in Washington

    ... Reuters in Washington The U.S. Treasury on Friday said it will delay a semi-annual currency report until November, a move that will likely draw fresh criticism from Republican presidential nominee Mitt Romney who has accused the Obama administration of being soft on China’s currency policies. The politically sensitive report, which examines the foreign exchange practices of major ...




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