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  • August 1, 2014
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Results 1 - 10 of 16 for currency

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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. Comment - Insight & Opinion - LEADER

    Forex rigging probe a reminder banking needs fundamental reform

    Posted Nov 10th 2013, 04:31am by SCMP Editorial

    ... Britain's Financial Services Authority, the US Department of Justice and Hong Kong's Monetary Authority. Currency rates are fixed at certain times of the day by pooling the prices different banks buy and sell those currencies. But as the Libor scandal has revealed, any benchmark that relies on price submissions by market players is open to abuse. Industry insiders and critics alike ...

  3. Comment - Insight & Opinion - LEADER

    Danger signs for the global economy

    Posted Feb 25th 2013, 12:00am by SCMP Editorial

    ... may be a currency war in which all three countries will be key players. Talks of a race by countries to devalue their currencies a la 1930s may be overblown, but the alarming drop in the value ... a currency war. But promises are not the same as concrete policy co-ordination, the lack of which has left markets feeling uneasy as it was before their meetings. There are clear worries among those ...

  4. Comment - Insight & Opinion - LEADER

    China's offer to mediate South Sudan ceasefire shows its growing role

    Posted Jan 10th 2014, 11:53pm by SCMP Editorial

    ... economy has also been affected by the fighting, as all pipelines pass through its territory, providing hard currency in transit fees. With China being close to both governments and its interests ...

  5. Comment - Insight & Opinion - LEADER

    Offshore yuan trade deal a coup for Hong Kong and Singapore

    Posted Dec 08th 2013, 04:58am by SCMP Editorial

    ... significance is welcome. Use of the yuan may not grow as quickly as expected because China's currency of trade will remain the US dollar as long as the yuan is not freely convertible. Nonetheless, ...

  6. Comment - Insight & Opinion - LEADER

    Emerging markets better equipped to ride out financial storm than in 1997

    Posted Sep 01st 2013, 12:00am by SCMP Editorial

    ... in the US, have mostly recovered, financial markets in developing nations from India and Indonesia to Turkey and Thailand have been hit hard. Some of these countries' currencies are plunging to alarming levels against the US dollar, a safe haven currency. The Thai baht, Brazilian real and Malaysian ringgit among others are weakening. The Indian rupee has had the worst sell-off since ...

  7. Comment - Insight & Opinion - LEADER

    In the US, 'tea party' defeats bring rays of hope

    Posted Nov 11th 2013, 04:36am by SCMP Editorial

    ... debts. A world that depends on the US dollar as a reserve currency will endorse that sentiment. Christie, 51, won 60 per cent of the vote, including majorities among the normally Democrat ...

  8. Comment - Insight & Opinion - LEADER

    Fed's delay in tapering QE is short-term fix

    Posted Sep 20th 2013, 12:00am by SCMP Editorial

    ... of policymakers in emerging markets, which have been especially hard hit since Fed chairman Ben Bernanke first mentioned tapering in late May? Despite the economic downturn and falling currencies ... as they are repatriated back to the US to seek higher and more profitable yields. But the equity and currency plunges have stabilised and in many emerging markets, the down trends have even reversed since late ...

  9. Comment - Insight & Opinion - LEADER

    Janet Yellen will bring continuity to the United States Federal Reserve

    Posted Oct 14th 2013, 12:00am by STAFF

    ... and prompt a freezing of credit markets. President Barack Obama's choice of Yellen matters to Hong Kong because of our currency peg, which means that our liquidity conditions and interest rates ...

  10. Comment - Insight & Opinion - LEADER

    Shanghai Free-Trade Zone is wake-up call for Hong Kong

    Posted Oct 04th 2013, 12:00am by SCMP Editorial

    ... and finance, and indicated that if they succeed, they will be rolled out nationally over the next two or three years. Taken at face value, this means that if currency experimentation works, the yuan ...




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