Australian Dollar

Kiwi and aussie regain investor favour

Take a look at a graph of the New Zealand dollar against the United States dollar and you might think you were staring at an Internet stock storming the heights in the new-economy mania days of early 2000.

Friday, 10 January, 2003, 12:00am

Wall St fall sets pace

Hong Kong investors set their phasers on 'sell' yesterday after another volatile session on Wall Street upset hopes for a Tracker Fund-induced rally.

The Hang Seng Index fell 127.09 points or 1.21 per cent to 10,325.46 on a thin turnover of HK$5.22 billion.

20 Jul 2002 - 12:00am

Olympic city favoured target for local gold

SYDNEY IS A city renowned for its spectacular views, clean air and expensive property. Prices for residential premises have consistently rated among the world's 10 highest. However, two factors have combined to create what many believe to be perfect conditions for Hong Kongers to buy Sydney property.

10 Dec 2000 - 12:00am

Ngai Lik profit surges

Consumer audio product manufacturer Ngai Lik Industrial Holdings posted a 37.8 per cent rise in attributable profit to $66.5 million for the six months to September 30, compared with $48.24 million in the same period last year. An interim dividend of one cent per share, down from 1.5 cents, was declared. Turnover rose to $1.24 billion from $965.24 million.

15 Dec 1998 - 12:00am

Biting recession a dentist's crowning glory

Where there is economic turmoil, there will be weeping and gnashing of teeth. Unfortunately, teeth-gnashing is an expensive affair.

The waiting rooms of local dentists are fast becoming cluttered with brokers, bankers and businessmen, suffering from self-inflicted injuries.

Some have jaw pain, some have broken teeth.

16 Sep 1998 - 12:00am

Plunge in Asian sales knock Yanion earnings down 87pc

Yanion International, a maker of audio and video products, said interim earnings tumbled 87.6 per cent to $1.26 million for the first six months this year. Turnover dropped 40.4 per cent to $143.5 million as its sales in Asia were hurt by the regional financial turmoil. Earnings per share also plunged 87.6 per cent to 1.3 cents. No interim dividend was proposed.

14 Sep 1998 - 12:00am

Tonic Industries profits reach record on bigger market share

Audio electronics manufacturer Tonic Industries has announced a 75.78 per cent rise in full-year attributable profit for the 12 months ending March 31, a record for the company. Turnover was up 76.47 per cent to $1.52 billion and earnings per share jumped to 16.7 cents from 10.9 cents.

6 Aug 1998 - 12:00am

High-flyers feel the crunch as demand for executives slumps

Demand for executives has fallen steeply from last summer, a survey shows.

But recruitment of marketing and information technology (IT) executives has bucked the trend, as companies turn up the sales pressure to help them ride out the slump or pour funds into beating the Year 2000 bug.

3 Aug 1998 - 12:00am

Australia turns blind eye to crisis

Australia was able to boast last month it was one of the fastest growing economies in the world, with official figures revealing gross domestic product had jumped 4.9 per cent in the year to March.

9 Jul 1998 - 12:00am

Merrill under fire over raids on aussie

United States broking giant Merrill Lynch found itself in the firing line yesterday amid claims that it provided services to offshore hedge funds in their successful attack on the Australian dollar.

10 Jun 1998 - 12:00am

Yen pares sharp losses

The Japanese yen's dramatic fall against the US dollar appeared to have paused yesterday after profit-takers stepped in and the market sought to correct itself from last week's dollar rally.

7 Apr 1998 - 12:00am

Big gains for Gold Peak

Battery maker Gold Peak Industries (Holdings) says its 57.7 per cent owned Singapore-listed electronics division, GPE Industries, has posted a 48.7 per cent rise in profit to S$10.88 million, or HK$54.98 million, in the six months to September 30.

GPE has achieved satisfactory performance despite keen competition in the car audio export market because of the yen's weakness.

19 Dec 1997 - 12:00am

Strength of currency causes territory exporters to worry

A strong Hong Kong dollar will hit exports as consumers in major trading markets switch to substitutes from low-cost countries, a report by the Hang Seng Bank concludes.

The steep climb of the US dollar - to which the Hong Kong dollar is pegged - will ease local inflationary pressure by cutting the cost of imports.

12 Mar 1997 - 12:00am

Dollar climbs on LDP election win

The results of the Japanese elections have triggered a strong reaction from investors, pushing the US dollar to a fresh 33-month high against the yen and allowing the Nikkei-225 share average to tumble 1.45 per cent.

22 Oct 1996 - 12:00am

Traders cautious before Fed meets

THE US dollar hovered within a narrow range last week, while investors waited for the result of the Federal Reserve Open Markets Committee meeting on Tuesday.

Weaker than expected August Producer Price Index and Consumer Price Index figures the previous week reduced market expectations of a strong rate rise in the US, and the dollar failed to rally further.

22 Sep 1996 - 12:00am