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  1. US-dollar assets 'key to foreign reserves'

    Posted Aug 13th 2007, 12:00am by Ting Shi

    ... that Beijing would sell off its vast US dollar reserves should Washington impose trade sanctions. In an apparent response to The Daily Telegraph report last Wednesday, an unnamed central bank official ... of China official's remark referred to 'western media's reports that China is threatening to carry out a massive sell-off of US dollars', Xinhua said. The remark is a further ...

  2. Yuan rises past 7.40 against US dollar

    Posted Nov 24th 2007, 12:00am by Enoch Yiu

    ... Maria Chan and Enoch Yiu HK mainland traders expect further blow The yuan broke past 7.40 to the US dollar during trading yesterday, the mainland currency's highest level since ... 'The mainland government will be more than willing to allow the currency to rise a bit faster as other Asia currencies also strengthen against the US dollar, so it won't have too much ...

  3. Yuan climbs to fresh record against US dollar

    Posted Nov 28th 2007, 12:00am by Denise Tsang

    ... Neil Gough and Denise Tsang The yuan hit another record high against the US dollar yesterday as top European monetary policymakers pressured the mainland to allow the currency ... to the yuan's gradual climb against the dollar this year being more than offset by the US currency's dramatic slide against the euro. In Hong Kong, the weakening dollar and the strengthening yuan ...

  4. Beijing speeds up reserves switch from US dollars

    Posted Jul 20th 2007, 12:00am by Tom Miller

    ... Tom Miller in Beijing Beijing has stepped up efforts to diversify from US dollar assets as it seeks higher returns on its swelling foreign exchange reserves. The mainland's holdings ... by investing in low-yielding and softening dollar assets. The mainland has traditionally invested in US paper a large portion of its foreign exchange reserves, a colossal US$1.33 trillion at the end ...

  5. Yuan breaks through 7.75 against US dollar

    Posted Feb 08th 2007, 12:00am by Staff Reporter

    ... Maria Chan Little impact seen on HK as Chinese currency gains before G7 meeting For the first time in more than a decade, the yuan has broken above 7.75 to the US dollar, the strong side ... when the yuan surpassed 7.80. Meanwhile, the Hong Kong dollar kept a weak tone. At one point in yesterday's trade, it was at 7.8127 to the US dollar, the lowest in 17 years. Some dealers ...

  6. PetroChina pencils US$36b gas contract in top-dollar deal

    Posted Sep 07th 2007, 12:00am by Eric Ng

    ... be worth up to US$36.7 billion. The accord, signed in Sydney in a ceremony witnessed by Australian Prime Minister John Howard and President Hu Jintao, could herald the mainland's first LNG ... could bring in revenues of between A$35 billion (HK$224.8 billion) and A$45 billion, or US$36.7 billion. This compares with the US$13 billion deal signed by China National Offshore Oil Corp ...

  7. Hong Kong's currency peg to US dollar works just fine, says financial secretary

    Posted Jun 16th 2007, 12:00am by Andy Chen

    ... Zoe Mak and Andy Cheng The government has no plan to change the linked exchange rate regime that pegs the Hong Kong dollar to the US currency, partly because the yuan is not fully ... polymer banknotes yesterday, Mr Tang said: 'As far as the linked exchange rate is concerned, it has served us well for over 20 years and we have no intention of reviewing it. It has proven ...

  8. Despite scare, dollar is in little danger

    Posted Nov 13th 2007, 12:00am by Tom Holland

    ... Tom Holland The US dollar has slipped to long-term lows against a range of major currencies in recent days, prompting a rising volume of talk about how the greenback is in danger of losing ... a shaky financial system and the weight of US indebtedness, say the chatterers. The US dollar will surely be deposed as the world's principal currency one day, but do not hold your breath. ...

  9. Dollar blues

    Posted Aug 07th 2007, 12:00am by Staff Reporter

    ... Big rises in the value of their home currencies are adversely affecting the salaries of some expatriates. Is this currency gap going to lead to a brain drain of expatriates? Write to us. ...

  10. Dollar up as risk appetite returns

    Posted Mar 27th 2007, 12:00am by Staff Reporter

    ... Reuters The US dollar ticked up against the Japanese yen and the euro yesterday, consolidating gains made late last week as expectations faded for near-term United States interest rate ... last Wednesday. New US home sales for last month were scheduled to be released yesterday. But traders may be reluctant to move the US dollar and other major currencies too much before the data ...




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