• Sunday
  • August 24, 2014
  • Last updated: 11:56pm
Hong Kong




Search Results

Results 1 - 10 of 245 for currency

Related topics matching your search

Search results

  1. 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 ...

  2. Business - China Business - RESULTS

    Currency hedges trim profit for Goodbaby International

    Posted Aug 21st 2012, 12:00am by Anita Lam

    ... of the year. Goodbaby said the HK$11.3 million in losses incurred by their forward currency contracts was not a result of "gambling", but a necessary move to maintain stability in costs ... rate of the two currencies, it is necessary for us to hedge against the risks." The HK$114 million worth of forward currency derivatives would have brought gains to the company if the yuan ...

  3. Few things riskier than a safe bet in currency markets

    Posted Jul 11th 2011, 12:00am

    ... into the currency. This should be troubling because there are few things more dangerous in financial markets than a safe bet. That is especially true of the currency markets, because exchange rates ... strengthened by almost 50 per cent as the US currency slumped back to within a whisker of 100 yen. So today, with everyone so sure the Chinese currency is certain to appreciate, it is worth asking ...

  4. Drop in foreign currencies helps drive down cost of study tours

    Posted Apr 27th 2009, 12:00am by Paggie Leung

    ... Paggie Leung Prices for most overseas study tours have dropped significantly this summer, thanks to depreciation of foreign currencies and cheaper air tickets, according to travel agents. ... to 10 per cent decline over a year ago,' said Thomas Chau Wing-keung, Jetour Holidays director of operations. 'First, it's because rates of many foreign currencies have gone down ...

  5. 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 ...

  6. HKMA curbs currency's rise with HK$10.6b liquidity injection

    Posted Nov 20th 2008, 12:00am by Staff Reporter

    ... Maria Chan The Hong Kong Monetary Authority pumped HK$10.62 billion into the banking system yesterday, boosting the city's liquidity to a record, to curb the Hong Kong unit's rise beyond the trading band against the US dollar. The de facto centr ...

  7. An insight into the workings of Hong Kong's currency peg

    Posted Sep 10th 2007, 12:00am by Jake Van Der Kamp

    ... that the much-vaunted automatic adjustment process of their textbook currency board could not entirely be relied on in practice. They preferred to give the impression that the rate was guided towards 7.80 ... Mr Currency Board himself, who almost convinced Indonesian President Suharto to adopt one in 1997. This is a timely book. The peg may be under no special strain at the moment ...

  8. Bankers see little joy in concessions on currency

    Posted Oct 13th 2005, 12:00am by Enoch Yiu

    ... Enoch Yiu and Maria Chan Bankers were generally disappointed with local yuan banking services unveiled in Chief Executive Donald Tsang Yam-kuen's first policy address. They had been hoping for more lucrative concessions from mainland authorities. A f ...

  9. Stocks at four-month high; currency surges

    Posted Jun 23rd 2005, 12:00am by Staff Reporter

    ... selling of the greenback as speculation Beijing may be about to adjust its currency peg heated up again. 'The market expects the yuan is going to appreciate in the very near future,' said Albert Chu, deputy chief executive of EFG Bank in Hong Kong. The local currency later fell back to around $7.77 to the US dollar. ...

  10. Excess liquidity behind outflows of local currency

    Posted Jul 31st 2004, 12:00am by Staff Reporter

    ... billion worth of Hong Kong dollars to protect the value of the local currency in just two weeks, including $7.33 billion on Wednesday, does seem ominous, and indeed it has resulted ... happened in the past few weeks, according to Bank of America currency strategist Sameer Goel, is that expectations of rising US rates have gathered pace, leading to a strengthening of the US ...




SCMP.com Account