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  • November 24, 2014
  • Last updated: 12:20am
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Results 1 - 10 of 21 for currency

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  1. Comment - Insight & Opinion - LEADER

    HK at the centre of yuan reform

    Posted Nov 17th 2014, 04:48am by SCMP Editorial

    ... been hailed as just as important to our city as the H-shares listings of 20 years ago. But the scrapping, at the same time, of the 20,000 yuan daily currency conversion limit is even more ... But with the decision to allow local residents to convert yuan freely, the real importance of the so-called through train is that it cements Hong Kong in the heart of China's currency reform process. ...

  2. Comment - Insight & Opinion - LEADER

    Reduction in number of crimes carrying death penalty a step forward

    Posted Nov 03rd 2014, 04:21am by SCMP Editorial

    ... removed include illegal fundraising, forcing a person to engage in prostitution, counterfeiting currencies, weapons and nuclear materials smuggling, and obstructing soldiers performing their duty. ...

  3. Comment - Insight & Opinion - LEADER

    In the modern era, coins are a waste of time and money

    Posted Oct 12th 2014, 04:14am by SCMP Editorial

    ... their lowest-value coins. Canada last year joined Britain and Israel in removing its smallest unit of currency and pressure is building in the EU for the one and two eurocent coins to go the same way. ...

  4. Comment - Insight & Opinion - LEADER

    Poor economic signals add to sense of danger in Hong Kong

    Posted Oct 09th 2014, 04:45am by SCMP Editorial

    ... economic times ahead. Our frothy property market will be especially sensitive to rate hikes in the US, stemming from our currency peg to the American dollar. Declining consumer sentiment, coupled ...

  5. 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 ...

  6. 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 ...

  7. 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 ...

  8. Comment - Insight & Opinion - LEADER

    China and India must pull down the trade barriers

    Posted Feb 03rd 2014, 03:48am by SCMP Editorial

    ... India's economic troubles- double-digit inflation that is the worst in Asia, a currency near all-time lows, a faltering stock market and scared-off investors- authorities should be making every ...

  9. 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 ...

  10. 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 ...




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