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  1. Euro settlements on the rise in HK

    Posted Apr 22nd 2007, 12:00am by Louis Beckerling

    ... Louis Beckerling The rise of the euro and the steady decline of the US dollar is changing the global landscape for settling foreign exchange transactions, and Hong Kong is no exception. Data from the Hong Kong Monetary Authority shows that at the end of last year there were 25 direct and 22 indirect participants in the real-time settlement system for transactions in euro ...

  2. Euro gains on dollar doldrums

    Posted Nov 27th 2007, 12:00am by Louis Beckerling

    ... by the United States for almost a decade are beginning to flow out of US dollar investments and into the euro. Depending on how far and how fast that flow goes, the tide could have far-reaching consequences for the global investment landscape and see the euro displace the dollar as the global reserve currency- though opinions are divided on how the tug of war, under way between the two ...

  3. Asia banks eye euros to survive the dollar slide

    Posted Apr 22nd 2007, 12:00am by Louis Beckerling

    ... Against the background of a declining dollar, there is a trend to begin switching into euro assets, writes Louis Beckerling Asian central banks are increasingly looking to diversify out of United States dollar assets into the euro, and this is a trend that may gather momentum and make euro-currency assets an attractive component of investment portfolios, some analysts say. Others, ...

  4. Wahaha ups ante with plans for Euro5b lawsuit

    Posted Jun 26th 2007, 12:00am by Nevin Nie

    ... a battle with joint venture partner Groupe Danone, saying it plans to sue the French food giant for up to Euro5 billion (HK$52.56 billion) for 'illegal activities'. The companies ... Danone in reverse, asking for compensation of Euro2 billion, Euro3 billion or Euro5 billion,' Wahaha said. 'We already have authentic evidence of Danone's illegal activities ...

  5. Slovenia becomes 13th EU nation to adopt euro

    Posted Jan 02nd 2007, 12:00am by Staff Reporter

    ... Associated Press in Ljubljana Slovenia adopted the euro yesterday, becoming the 13th European Union nation to use the single currency. Minister of Finance Andrej Bajuk was the first to use a cash machine to withdraw euros. 'We are extremely happy and proud. We took this as a national project and we have indeed achieved and fulfilled all the criteria to make this a reality. ...

  6. Euro gains strength in international markets

    Posted May 15th 2007, 12:00am by John Cremer

    ... and equities. They were also questioning the wisdom of committing too much to US dollars, and recognised the growing role of the euro in international markets. 'Since active portfolios are dynamic, ... the diversification of central bank reserves and the structural weakness of the US dollar. Since China, Russia and other countries have invested more of their reserves in euros in the first quarter, this has ...

  7. Stronger euro to give Esprit earnings boost

    Posted Feb 05th 2007, 12:00am by Andy Chen

    ... to the stronger euro and a recovery of retail sales from the slump of a year earlier caused by the introduction of some unsuccessful product lines. Results for the six months ended in December ... in a September placement that was worth almost HK$6 billion. Analysts say Esprit, which made 87 per cent of its sales in Europe in the previous fiscal year, will benefit from the euro's 6per cent ...

  8. Fraport to pay Euro50m for Xian airport stake

    Posted Apr 07th 2007, 12:00am by Charlotte So

    ... Charlotte So Fraport, one of Europe's leading airport operators, is to buy a 24.5 per cent stake in Xian International Airport for Euro50 million (HK$524.48 million) to become the first foreign airport operator to invest in a non-listed mainland airport. The Frankfurt-based company signed an agreement with Xian International Airport in the capital city of Shaanxi province ...

  9. Bus firms to have 28 greener vehicles on road by November

    Posted Aug 31st 2007, 12:00am by Colleen Lee

    ... Colleen Lee Citybus and New World First Bus will have 28 eco-friendly Euro IV buses running on busy roads by November to help clean the air. The companies said they would also cut exhaust emissions of their fleet of around 1,600 buses to comply with the European Union directive's Euro IV emission standard by 2012. The budget for the Euro IV buses- 10 for Citybus and 18 for First ...

  10. You Bet

    Posted Nov 17th 2007, 12:00am by Nick Pulford

    ... with Nick Pulford The form book says Russia face a difficult task securing the win in Israel tonight that will all but guarantee qualification for the Euro 2008 finals ahead of England. Yet the odds and the conspiracy theorists tell a different story, with a victory for Russia regarded as almost a foregone conclusion. Even Guus Hiddink, Russia's coach, says ...




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