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  1. Outlook for HK dollar not as black as painted

    Posted Oct 06th 2008, 12:00am by Tom Holland

    ... with Tom Holland Exactly how the global financial turmoil will play out is uncertain. But on one issue that concerns Hong Kong intimately, there is an overwhelming consensus: the crisis will drive the US dollar to new lows on the foreign exchange markets. ...

  2. Tour guides hit by euro rise seek better tips

    Posted Mar 25th 2008, 12:00am by Dennis Eng

    ... Dennis Eng An increasingly expensive euro is prompting tour operators, who get paid in Hong Kong dollars, to demand more tips when taking tour groups to Europe. The Travel Industry Council will debate the issue tomorrow. The euro is more than 50 per cent more valuable than the US dollar, to which the local currency is linked. This raises costs for local guides and drivers with tour ...

  3. Cosco offers Euro500m for Greek port contract

    Posted Jun 05th 2008, 12:00am by Staff Reporter

    ... Jasmine Wang Cosco Pacific, the world's fifth-largest port operator, has offered Euro500 million (HK$6.04 billion) to manage container operations in Greece's biggest port for 35 years, well below an earlier reported figure of Euro4.3 billion. Half of the amount would be financed by a combination of shareholder equity and external financing, the company said in a filing ...

  4. Football fest as Euro fever hits HK

    Posted Jun 04th 2008, 12:00am by Rebecca Tsui

    ... 15 at the Mong Kok shopping mall. It is the first such activity to be held in Hong Kong. Euro 2008- the continent's premier football tournament held every four years- will take place in Austria and Switzerland from June 7-29. 'By organising the adidas Euro 2008TM Together as one Football Competition, we invite all Hong Kong football fans to enjoy this long-anticipated ...

  5. Avalanche of illegal bets tipped for Euro 2008

    Posted Jun 07th 2008, 12:00am by Danny Mok

    ... Danny Mok The offshore soccer gambling industry is expecting huge growth in betting turnover from 'ever crazier' punters when the Euro 2008 tournament kicks off at midnight, ... cent,' one source said, adding that even smaller local bookmakers had handled HK$60 million in bets during the 2006 World Cup and about HK$20 million during Euro 2004. This time, the bookies ...

  6. Shanghai Electric switches settlements to euros from dollars

    Posted Apr 18th 2008, 12:00am by Sherman So

    ... Sherman So The continuing weakness of the US dollar has prompted Shanghai Electric Group, a mainland power generation equipment maker, to settle its overseas orders in euros. 'We are signing new contracts in euros to limit our risks on the falling US dollar,' said Zheng Jianhua, the president of Shanghai Electric Power Generation Group. Overseas orders accounted for 20 ...

  7. Germany stays ahead of China on strong euro

    Posted Jan 17th 2008, 12:00am by Cary Huang

    ... Cary Huang in Beijing China failed to overtake Germany as the world's third-largest economy last year, as was widely anticipated, largely because the euro appreciated faster than ... with the rising value of the euro, Germany's 2.38 trillion euro GDP amounted to 25.39 trillion yuan, based on the current exchange rate of 10.6669 yuan per euro. The mainland reported total economic ...

  8. Weak HK dollar drives shopping euro further

    Posted Mar 19th 2008, 12:00am by Fox Yi Hu

    ... euro have driven prices higher.' Tokyo was found to be the most costly Asian city, followed by Seoul and Singapore. Researchers noted that Shanghai and Beijing remained relatively ...

  9. Hong Kong trio earn Beijing team places after Euro qualifying success

    Posted May 13th 2008, 12:00am by Staff Reporter

    ... Chan Kin-wa Hong Kong will contest all four events at the Olympic Games after winning the men and women's competitions in the final qualification tournament in Budapest. Tie Yana and Lin Ling featured in a tight all-Hong Kong women's final, with ...

  10. Euro style without the price tag

    Posted Apr 02nd 2008, 12:00am by Francesca Fearon

    ... Francesca Fearon The downturn in the financial markets and the slip in the exchange rates has the fashion world worried. Of course, stores will continue to stock luxury brands (and there will be customers buying), but many women may think twice about spen ...




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