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  • September 17, 2014
  • Last updated: 6:58am
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  1. Wages and currency gains eat into profit at Vtech

    Posted Nov 17th 2011, 12:00am

    ... Neil Gough neil.gough@scmp.com Vtech Holdings said rising wages and currency appreciation on the mainland were to blame for declining profit in the six months to the end of September. ... but steadily rising currency have been the norm in recent years. The average monthly income of mainland migrant workers rose to 1,991 yuan (HK$2,437) in the third quarter, up 20 per cent from 1,659 ...

  2. Warning over sky-high interest rates for dual currency credit cards

    Posted Oct 18th 2011, 12:00am

    ... Lo Wei The consumer watchdog is warning of a huge disparity in the interest charged for dual currency credit cards, rates for which can rise above 40 per cent a year for users who fail ... in Hong Kong and on the mainland are listed in separate accounts on the same statement, to be settled in the respective currencies. For retail purchases, the annualised percentage rate- the amount ...

  3. Currency pressures a challenge for HK

    Posted Sep 29th 2008, 12:00am by Staff Reporter

    ... as the city's real interest rates turn negative. By coincidence, this month marks the 25th anniversary of the currency board. Monetary Authority chief Joseph Yam Chi-kwong took the occasion last week ... as a second currency in many places here. Its use will only become more common in future. As we can't adjust interest rates to adapt to external circumstances, our asset prices have to adjust. We ...

  4. Asian currency rally may buoy exports

    Posted Sep 23rd 2003, 12:00am by Kelvin Chan

    ... A rally by the yen and other Asian currencies against the US dollar could be good news for Hong Kong, making the city's exports to its Asian neighbours more affordable, experts say. ... appreciates ... it will help a little bit for Hong Kong's exports to Japan's markets.' Asian currencies rallied against the US dollar yesterday after comments at the weekend Group ...

  5. Sharp rise for Asian currencies

    Posted Sep 23rd 2003, 12:00am by Staff Reporter

    ... A dramatic weakening in the US dollar yesterday sent Asian currencies sharply higher, while stock markets struggled amid fears that Asian companies will become less competitive. Market ... a competitive disadvantage for US manufacturers, while the Japanese central bank routinely intervenes to stop its currency rising. Expectations that the G7 statement would add more pressure for a yuan ...

  6. HK currency strength may spark wave of stop-loss sales

    Posted Oct 08th 2003, 12:00am by Staff Reporter

    ... propelling the local currency yet higher. The psychologically important HK$7.70 level against the US dollar was left untouched, partly due to profit taking on stocks, which lessened the need for Hong ... late in Asian trading yesterday, it could break through in European or US trading hours when liquidity was thinner, the dealer added. By the close, the local currency was at $7.7106, up from ...

  7. Getting ready to live with a stronger yuan

    Posted May 03rd 2010, 12:00am by Frank Ching

    ... Frank Ching Until a few years ago, the Hong Kong dollar was welcome on the mainland as cab drivers and others happily accepted our currency in lieu of the yuan, since its value was always greater than that of the Chinese currency. No more. In January 2007, the yuan first achieved parity with the Hong Kong dollar and then powered past it. Now, our dollar is worth only about 0.88 ...

  8. Yuan peg would leave HK adrift without an anchor

    Posted Dec 23rd 2010, 12:00am by Tom Holland

    ... with the assertion by Peter Redward, chief Asian economist at Barclays Capital, that the city could repeg the Hong Kong dollar to the Chinese currency within the next two years. The column pointed out ... mini-constitution also stipulates that Hong Kong dollars in circulation must be fully backed by a reserve fund. 'If you want to back a currency that is fully and freely convertible, you need a reserve ...

  9. HK dollar peg to greenback 'must remain'

    Posted Dec 09th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu Hong Kong should stick to its currency peg with the US dollar and should not switch to a peg with the yuan instead, a senior mainland official advised yesterday. Zhang Anyuan, ... Ming-kwong, a director of VC Brokerage, said such a move made sense in the long term. 'The US dollar is so weak and the peg with the US dollar has led us to having a weak currency too,' Tse ...

  10. Inflation and QE2 have Tingyi worried

    Posted Nov 16th 2010, 12:00am by Toh Han Shih

    ... Strong inflation, exacerbated by the effects of the US Federal Reserve's recent second instalment of quantitative easing, or QE2, is threatening the profits of Tingyi (Cayman Islands) Holding Corp, the leading supplier of instant noodles and ready-to ...




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