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  1. HK dollar pegged to an economic concept well past its use-by date

    Posted Apr 16th 2005, 12:00am by Tom Holland

    ... pushing prices up by 70 per cent since their August 2003 low. The risk now, according to Tim Condon, chief economist for Asia at the Dutch bank ING, is that another bout of yuan speculation ... Bank. Oh yes, he also picked up the Nobel prize for economics in 2001 (an honour which rates a mention on only page three of his resume, between fellow of the American Philosophical Society ...

  2. Bank of Beijing turns cautious on HK listing

    Posted Apr 12th 2008, 12:00am by Staff Reporter

    ... by the United States subprime crisis and the mainland's tightening monetary policy. Bank of Beijing, of which Dutch financial group ING holds 16.07 per cent, refused to give a timetable ... said ING was interested in restoring its stake to 19.9 per cent. The lender's listing diluted ING's stake to 16.07 per cent. Bank of Beijing now has 131 branches in the capital, where ...

  3. Bank on convertibility

    Posted May 15th 2012, 12:00am

    ... the Agricultural Bank of China and ICBC, have been given approval to expand their operations in the US. In a research report, ING Bank says that from pilot schemes for inward and outward foreign direct ... yuan convertibility. Tim Condon, chief Asia economist of ING Bank, says China needs a currency befitting of an economy that accounts for 10 per cent of global trade. He says it is remarkable ...

  4. Business - Banking & Finance - EARNINGS

    Standard Chartered bank expects high single digit growth

    Posted Dec 07th 2012, 12:00am by Bloomberg

    ... familiar with the matter. ING Bank agreed in June to pay US$619 million to settle allegations similar to those against Standard Chartered, a sum that was split evenly between the federal government ... Bloomberg British bank giant says headwind from currency moves weakening and plans to hire more staff StanChart expects high single digit revenue growth Standard Chartered expects ...

  5. Business - Money - MARKETS

    Emerging nations stem capital flows

    Posted Jun 14th 2013, 12:00am by BLOOM

    ... this week to stem an outflow of capital as concern mounted that developed nations are approaching an end to an era of pumping unprecedented liquidity into their economies. India's central bank ... Thailand said it sold dollars to aid the baht. The moves come after the Bank of Japan's decision this week to refrain from adding stimulus even after a slide in share prices that risks hurting ...

  6. Business - Economy - CURRENCY

    A strait yuan trade deal

    Posted Nov 01st 2012, 12:00am by Ralph Jennings

    ... currencies or kept on deposit. "It's a financial service and places are interested in promoting financial services as an industry," said Tim Condon, Asia head of research with ING ... allowing each to set up a clearing bank for yuan-Taiwan dollar trades. Details are expected to emerge in coming months. Central banks on each side also are working on a swap agreement to ensure ...

  7. Is ditching US peg a basket-case idea?

    Posted Jun 25th 2012, 12:00am

    ... But Yam's replacement, HKMA chief executive Norman Chan Tak-lam, for one, does not like the Singapore model, saying Singapore has a problem with inflation despite using a basket. Tim Condon, ING Bank's Asia research head and a former external adviser to the HKMA-funded Hong Kong Institute for Monetary Research, agrees. Singapore and Hong Kong had the highest inflation in Asia, at 5.6 per ...

  8. Dollar peg fits nicely with Hong Kong's way of life

    Posted Jun 14th 2012, 12:00am

    ... University professor, stressed that his decision to address the topic at this time 'should not necessarily imply the need for change'. Tim Condon, chief economist, Asia, for ING Bank feels ... as 'Yam's personal views only'. Writing in a client report yesterday, Royal Bank of Scotland analyst Erik Lueth said the peg was unlikely to be ditched over the next seven to 10 years, partly ...

  9. Beijing warns of 'trade war' over US currency bill

    Posted Oct 05th 2011, 12:00am

    ... for its currency policies. US lawmakers have accused Beijing of manipulating the value of the yuan to keep it artificially low in order to boost exports. In a rare move, the central bank, the People's Bank of China (PBOC), and the ministries of commerce and foreign affairs took simultaneous, co-ordinated action yesterday to express Beijing's strong opposition to the bill, aimed ...

  10. Biggest rise in yuan may lead to faster appreciation

    Posted Aug 01st 2006, 12:00am by Cary Huang

    ... gained a further 1.77 per cent. The People's Bank of China allows a daily trading band of 0.3 per cent either side of the central parity rate. Prakash Sakpal, an economist with ING ... the scrapping of a peg to the US dollar more than a year ago, in a sign that Beijing might be ready to allow the currency to appreciate faster. However, the central bank has hit out at a newspaper ...




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