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  • April 20, 2014
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  1. Business - Banking & Finance - CURRENCIES

    Nervous China factory owners hedge on yuan foreign exchange risk

    Posted Mar 18th 2014, 01:11am by Denise Tsang

    ... of cash banks must set aside as reserve when lend- ing, was on the cards last week when People's Bank of China governor Zhou Xiaochuan said Beijing would push more aggressive reforms ... following the central bank's unexpected move over the weekend to expand the yuan trading band. The deputy chairwoman of one of the world's largest makers of caps, Mainland Headwear, ...

  2. Business - Banking & Finance - CURRENCIES

    Beijing weakens key yuan rate amid US criticism

    Posted Apr 17th 2014, 01:09am by Jeanny Yu

    ... the announcement, the People's Bank of China set its mid-point rate for onshore yuan at 6.1589 against the US dollar, the weakest level since September 11. The mid-point rate is an anchor rate the central bank sets on the morning of every trading day; onshore traders are allowed to trade the currency at 2 per cent either side of the mid rate. In the spot market, onshore yuan weakened ...

  3. Business - Banking & Finance - CURRENCIES

    Yuan decades away from being global reserve currency

    Posted Apr 11th 2014, 10:18am by Victoria Ruan

    ... the yuan's global status to match the growing power of the world's second-largest economy, although People's Bank of China governor Zhou Xiaochuan acknowledged last month that Beijing still ... the world in an effort to facilitate trade activities. Central banks in Japan, Thailand and elsewhere have either included yuan assets in their foreign exchange reserves or are considering doing so. ...

  4. Business - Banking & Finance - CURRENCIES

    Yuan rebound likely amid Beijing's bid to stem capital flight

    Posted Apr 09th 2014, 01:40am by BLOOM

    ... in a survey. Japan's biggest brokerage said the People's Bank of China had guided the yuan's 2.5 per cent loss this year to help curb speculative bets on appreciation. Second-ranked ... losing about US$3.5 billion at an exchange rate of 6.20 per dollar. A slide to 6.38 would increase the losses to US$7.5 billion, the US bank said. The currency closed at 6.2123 in Shanghai ...

  5. Business - Banking & Finance - CURRENCIES

    Hong Kong urged to expand its advantage in yuan trade

    Posted Apr 12th 2014, 12:59am by Ray Chan, Jeanny Yu

    ... Ray Chan and Jeanny Yu Finance industry experts say more effort needed to widen issuer base in offshore yuan market City urged to build on renminbi lead Financial executives have urged Hong Kong to play a more active role in widening its issuer base in th ...

  6. Business - Economy - CURRENCIES

    The euro's failed experiment

    Posted Apr 07th 2014, 04:38am by DAVID BROWN

    ... what to do next. The one-size-fits-all European Central Bank monetary policy... has been a complete myth Policy-making under the euro has failed spectacularly. The root cause has always been managing the euro zone's economic diversity. Two-tiered Europe has never worked under the euro. The one-size-fits-all European Central Bank monetary policy that supposedly works for the euro ...

  7. Business - Banking & Finance - CURRENCIES

    Surge in yuan holdings by banks prompts concern in Seoul

    Posted Mar 20th 2014, 01:35am by Reuters

    ... Reuters in Seoul Three Chinese banks are being inspected against backdrop of higher risk from declining currency Surge in yuanholdings prompts concern in Seoul South Korean authorities are inspecting units of four foreign banks over a spike in yuan holdings, regulatory sources said yesterday, reflecting Seoul's concern about potential risks posed by the rapid rise in exposure ...

  8. Business - China Business - CURRENCIES

    Investors get fingers burned as yuan declines

    Posted Apr 02nd 2014, 05:45am by Bloomberg

    ... is succeeding in making its currency less predictable. Investors are paying the price. Clients of commercial banks in the United States have lost about US$2 billion this year on US$332 billion ... Trust & Clearing Corp in Washington showed. These contracts, when including bearish bets, account for more than a third of global trading in the yuan. The People's Bank of China wants ...

  9. Business - Banking & Finance - CURRENCIES

    Yuan to be fully convertible by 2017, says Gulliver

    Posted Mar 28th 2014, 01:40am by Jeanny Yu

    ... path will not be an easy one as slower economic growth and debt problems pose policy challenges, HSBC said. Stuart Gulliver, the chief executive of Europe's biggest bank, said he expected ... policymakers. Beijing is under pressure to navigate the nation's economy out of a hard landing scenario and some critics fret a faster rise of the yuan may work against the central bank ...

  10. Business - Banking & Finance - CURRENCIES

    ECB mulls monetary stimulus, but faster growth comes with risks

    Posted Mar 31st 2014, 05:27am by DAVID BROWN

    ... is under way at the European Central Bank. A new order is sweeping aside monetary conservatism in favour of faster growth- and that puts the euro at risk. This week's monetary policy meeting ... The currency could fall far- and fast. Policymakers tend to get their way on currencies. Markets think they are in the driving seat, but it is the central banks that move the steering wheel. If the ECB ...




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